Analyzing the Factors Influencing the Success of Business Incubation Programs: A SmartPLS Approach

Abstract

Improving productivity and effectiveness in business processes is highly desired by actors from faculties and companies. However, the problem is that the determinants of success and moderating influence on business incubators at Raharja University still need to be discovered to improve the performance of these business processes. The study conducted will help overcome these problems by evaluating the determinants of success and moderating influences on business incubators at Raharja University using a quantitative approach method. Data collection results from 50 incubator managers show that incubator image positively affects incubator performance. In addition, the IT factor, entry criteria, mentoring network, and funding contribute to incubator performance, while a sound infrastructure system is a moderating factor. University regulation, government support and protection, and credit and rewards were also shown to improve business incubator performance. The results of this research could benefit university professors as managers and consultants, entrepreneurs and undergraduate startups/tenants in knowledge transfer and learning entrepreneurship, and government officials in practical policymaking. There is nature. In the university context, the incubator serves as a platform for commercializing research activities, helping university officials to take responsibility for the economic environment, create jobs, increase the monetary value of the country and reduce poverty.