Saudi technology and business incubation: An analysis and indication of gaps in functioning
- Publication Type:
- Conference Proceeding
- AMCIS 2016: Surfing the IT Innovation Wave - 22nd Americas Conference on Information Systems, 2016
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Due to the increasing occurrence and the tendency to be unsuccessful, one may argue that SMEs and any other new budding businesses are should be developed to be self-sustaining entities; this would be the right step to ensure economic sustainability of any nation. However, the self-sustenance follows the initial nurturing by business incubators of different types. Recently, the Kingdom of Saudi Arabia (KSA) has experienced a rapid increase in its economy due to a large number of startup businesses that create new employment and training opportunities. This trend in employment stability is not free of challenges. Despite the growing awareness and interest in business incubation, the benefits incurred by them to support new business and enterprises have much room to be fulfilled. In this review, the current growth in the rapidly-flourishing Saudi business incubation system has been reviewed; the investigation reveals that while the system has successfully supported new enterprises, its performance can be enhanced by emphasis on creativity, innovation, and knowledge-sharing within the incubation systems.
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