TY - JOUR T1 - Is Joining a Business Incubator or Accelerator Always a Good Thing? JF - Technology Innovation Management Review Y1 - 2019 A1 - Kristina Lukosiute A1 - Søren Jensen A1 - Stoyan Tanev KW - accelerator KW - Canada KW - Denmark KW - disadvantages KW - incubator KW - Lithuania KW - new venture KW - start-up AB - Business incubators and accelerators are often hailed as essential tools for fostering growth in startups. However, not only do entrepreneurs often face the question of which incubator or accelerator to join, we suggest that they should also question whether or not to join one at all. Is joining a business incubator or accelerator always a good thing? In this article, we investigate some of the negative outcomes entrepreneurs can experience when engaging with an incubator or accelerator. We apply a cross-case analysis of empirical observations from qualitative interviews with Danish and Canadian entrepreneurs to arrive at a set of recommendations that entrepreneurs should keep in mind when considering such an engagement. These points are further qualified based on informal interviews with four serial entrepreneurs. PB - Talent First Network CY - Ottawa VL - 9 UR - https://timreview.ca/article/1251 IS - 7 U1 - University of Southern Denmark Kristina Lukosiute is a business and innovation practitioner helping new companies articulate viable business models and competitive marketing strategies. She holds an MSc in Engineering Product Development and Innovation from the University of Southern Denmark, Odense, Denmark, and the present article is based on her thesis work. U2 - University of Southern Denmark Søren Jensen is an Associate Professor in the Faculty of Engineering at the University of Southern Denmark. Previously, he worked in a seed-financing company analyzing technology business ideas. As an investment analyst, his special interests lay within intellectual property and technology assessment. He now teaches intellectual property and entrepreneurial business understanding. U3 - Carleton University Stoyan Tanev, PhD, MSc, MEng, MA, is Associate Professor of Technology Entrepreneurship and Innovation Management associated with the Technology Innovation Management (TIM) Program and Sprott School of Business at Carleton University in Ottawa, Canada. Before re-joining Carleton University, Dr. Tanev was part of the Innovation and Design Engineering Section in the Faculty of Engineering at the University of Southern Denmark (SDU), Odense, Denmark. Dr. Tanev has a multidisciplinary background including an MSc in Physics (Sofia University, Bulgaria), a PhD in Physics (1995, University Pierre and Marie Curie, Paris, France, co-awarded by Sofia University, Bulgaria), an MEng in Technology Management (2005, Carleton University, Ottawa, Canada), an MA in Orthodox Theology (2009, University of Sherbrooke, Montreal Campus, QC, Canada), and a PhD in Theology (2012, Sofia University, Bulgaria). Dr. Tanev’s current research interests are in the fields of technology entrepreneurship and innovation management, design principles and growth modes of global technology startups, business analytics, and data/text mining. He also has an interest in interdisciplinary epistemological issues on the interface of philosophy of religion, Orthodox theology, and the natural and social sciences. ER - TY - JOUR T1 - An Ecosystem-Based Job-Creation Engine Fuelled by Technology Entrepreneurs JF - Technology Innovation Management Review Y1 - 2013 A1 - Tony Bailetti A1 - Sonia D. Bot KW - accelerator KW - economic development KW - entrepreneur KW - incubator KW - job creation KW - Lead To Win KW - startups KW - technology entrepreneurship AB - Job creation is at the centre of the rationale provided by governments and publicly funded organizations for investing in services purported to support entrepreneurs to launch and grow technology startups. However, little is known about how to design and build the engines that convert these publicly funded services into jobs in a region. In this article, we argue that the architecture of a job-creation engine fuelled by technology entrepreneurs is important and that it should be made visible to the stakeholders of a regional venture system. The manner in which the components of a job-creation engine are organized and integrated determines the effectiveness and efficiency of the conversion of public funds into jobs. Making visible the architecture of a job-creation engine enables individuals and organizations to: i) better understand the link between the investment made to service technology entrepreneurs and systematic job creation; ii) utilize the regional venture system more effectively; and iii) set the performance benchmark for capability improvement and rapid adjustment to environmental changes. The experience gained from operating Lead To Win since 2009 is used to describe the architecture of a job-creation engine fuelled by technology entrepreneurs that operate in Canada’s Capital Region. Lead To Win is an ecosystem designed to help a technology venture generate sufficient revenue to create six or more knowledge jobs in the region within three years of inception. PB - Talent First Network CY - Ottawa VL - 3 UR - http://timreview.ca/article/658 IS - 2 U1 - Carleton University Tony Bailetti is an Associate Professor in the Sprott School of Business and the Department of Systems and Computer Engineering at Carleton University, Ottawa, Canada. Professor Bailetti is the Director of Carleton University's Technology Innovation Management (TIM) program. His research, teaching, and community contributions support technology entrepreneurship, regional economic development, and international co-innovation. U2 - Lead To Win Council Sonia Bot is an entrepreneurial-minded leader/executive and strategic thinker with extensive experience in technology innovation and global business management. She specializes in new venture creation, product management and delivery, business transformation and strategy, and leading organizational change. She is an accomplished industry presenter, author of numerous peer-reviewed published articles, and industry executive member of the Technology Entrepreneurship & Commercialization Council at Carleton University. Ms. Bot currently partners with executives and entrepreneurs of small-medium enterprises and large entrepreneurial companies to assist in building, growing, and transforming new ventures and to solve wicked business problems. Her prior work experience includes Research In Motion / BlackBerry, Nortel, Bell-Northern Research, IBM, and TransCanada Pipelines. She holds degrees in Computer Science with Systems Design / Electrical Engineering (BMath) from the University of Waterloo and Biomedical Engineering (MASc) from the University of Toronto, and she is a certified Lean Six Sigma Master Black Belt. In November 2012, Ms. Bot received the honour of "Innovators & Entrepreneurs" by the Institute of Biomaterials and Biomedical Engineering at the University of Toronto. ER - TY - JOUR T1 - Key Factors Affecting a Technology Entrepreneur's Choice of Incubator or Accelerator JF - Technology Innovation Management Review Y1 - 2013 A1 - Diane A. Isabelle KW - accelerator KW - entrepreneur KW - incubator KW - technology entrepreneurship KW - venture AB - Technology entrepreneurship rarely succeeds in isolation; increasingly, it occurs in interconnected networks of business partners and other organizations. For entrepreneurs lacking access to an established business ecosystem, incubators and accelerators provide a possible support mechanism for access to partners and resources. Yet, these relatively recent approaches to supporting entrepreneurship are still evolving. Therefore, it can be challenging for entrepreneurs to assess these mechanisms and to make insightful decisions on whether or not to join an incubator or accelerator, and which incubator or accelerator best meets their needs. In this article, five key factors that entrepreneurs should take into consideration about incubators and accelerators are offered. Insights are drawn from two surveys of managers and users of incubators and accelerators. An understanding of these five key success factors (stage of venture, fit with incubator’s mission, selection and graduation policies, services provided, and network of partners) and potential pitfalls will help entrepreneurs confidently enter into a relationship with an incubator or accelerator. PB - Talent First Network CY - Ottawa VL - 3 UR - http://timreview.ca/article/656 IS - 2 U1 - Carleton University Diane Isabelle is a faculty member at Carleton University's Sprott School of Business, where she teaches marketing, entrepreneurship, and international business. She is also the principal of Diane Isabelle & Associates Consultants. She was formerly the Executive Director to the Vice-President Physical Sciences at the National Research Council of Canada, and was for many years an Industrial Technology Advisor for NRC-Industrial Research Assistance Program (IRAP), supporting Canadian SMEs with the strategic use of innovation and business advice to compete on the global scene. She holds a PhD in management, an MBA, and an undergraduate engineering degree. Her areas of expertise include: technology entrepreneurship; strategic planning and foresight; and national and international initiatives in science and technology. Her research interests include: international collaborations, national innovation systems, science and technology commercialization, and other topics related to technology entrepreneurship and innovation management. She is the author of publications and communications in the field of innovation. ER -