Sustainable government policy as silver bullet to sustainable business incubation performance In Nigeria

Business incubation has variously been described as a support programme that assist the early-stage entrepreneurs to develop and stay on their own. Furthermore, business incubation programme has been acknowledged as an economic development tool most countries globally adopted. The aim of this study is to examine the contribution of government policy on the relationship between the critical success factors (CSFs) and incubator performance in Nigeria. The questionnaire method of data collection was used to gather 113 usable questionnaires from incubatees in Nigeria’s business incubators. Structural Equation Modeling (SEM) was performed to determine the result using the Partial Least Square (PLS) Software. Government policy as a moderator did not show a significant moderation relationship between the CSF and incubator performance

The impact of government policy on the relationship between critical success factors and incubation contributions

The business incubation model has been adopted by many countries since the concept was first introduced in the United States. It has now received much attention among policymakers and academics especially within the field of entrepreneurship. The model was adopted in Nigeria in 1993 but the results of the program seem to have failed to live up to expectations. This study therefore looked into the role of government policy towards incubator‘s performance in Nigeria. Data were collected from the stakeholders in Nigeria with direct involvement in the national program. A sequential mixed methods approach was applied in this study. The quantitative survey data were first analysed using Partial Least Squares – Structural Equation Modeling (PLS-SEM), then the thematic analysis of interview data were conducted to substantiate the survey findings. Based on both Resource Based View (RBV) and contingency theory, the study confirms the three critical success factors affecting incubator‘s performance: business support, financial resources and infrastructure. It also found the evidence of the moderating role of government policy on the relationship between critical success factors and incubator‘s performance. This study justified the needs for strong business support, adequate financial resources and infrastructure, and more importantly, an effective government policy to ensure the success of national incubation program. This study made conceptual contribution by linking RBV and contingency theory in explaining the contributing factors to business incubation performance

Enhancing a future version of the Nigerian SME technology incubation model: lessons for other developing countries

The Nigerian government‟s implementation of an SME incubation model has not been particularly successful. The challenges faced in Nigeria perhaps reflect how policies or models taken from elsewhere need to be adapted to local contexts for better chances of success. This is especially policies or models borrowed from developed countries and implemented in developing country contexts. Therefore this paper will focus on the case study implications for other developing countries of an inquiry into the requirements for enhancing a future version of the Nigerian SME incubation model

Supportive government policy as a mechanism for business incubation performance in Nigeria

Business incubation programme has been adopted by numerous countries globally. Its adoption has been related to its performance and actual contribution to entrepreneurship development. Studies have acknowledged the role of incubation programme to different spheres of national economy. In spite of the positive side of incubator model, there is still a contradiction concerning incubation performance in the developing countries, especially, Nigeria. This study aims to examine the contribution of government policy on the relationship between the critical success factors (CSFs) and incubator performance in Nigeria. Questionnaires were distributed to a sample size of 153 respondents from a population of 253 incubatees. The Partial Least Squares (PLS) software was used to analyze the data. Government policy as a moderator did not show a significant moderation relationship between the CSFs and incubator performance. The study recommends that future studies should integrate this quantitative approach of data collection with the qualitative method. Also, as the value of the coefficient of determination is 46%, future research should look at other factors which may likely increase the variation in performance explained by (or accounted for by) the variation in the CSFs

The Nigerian business incubation programme: the moderating role of government policy

An instrument which practitioners have acknowledged as an essential mechanism used in supporting greenhorn companies is the business incubation system. Several countries of the world have implemented the business incubation concept ever since it was conceived and developed in the United States in 1959. It is a model that has typically given itself much more readily within industrialized countries with identical environments to the United States. Nigeria also adapted it in 1993 where the resulting process and practice failed to live up to anticipations. To determine the significant role of government policy on the incubation dimensions and its success is the purpose of this research. Data collection process involved the surveying of stakeholders in Nigeria with some direct involvement in the national programme. The Partial Least Squares (PLS) was employed for the analysis. The findings showed that all exogenous variables collectively explained 52.4% of the variance in success. Meanwhile, when a moderation effect is present; the variable increased to 62.3%. Consequently, it is recommended that for a business incubation scheme to be successful and effective, government needs to implement efficient policies since results showed that these policies influenced all the relationships. The results' implications as well as limitations of the study are discussed