This study analyzes some effects on start-up processes of entrepreneurs and incubating organizations, where entrepreneurs get experience before starting their own firms. 10 Korean ventures, of which the entrepreneurs are from schools, government-sponsored research institutes, and private companies, were examined. Those ventures were selected from IT (information technology) and BT (bio technology) industries.
With in-depth case studies focused on the dynamic start-up processes, it was found that the incubating organizations have effects on the start-up processes' key activities, including opportunity seeking, team forming, and resource gathering and using. Also, the growth patterns in early stages were affected by the incubating organizations. Other influencing factors include the characteristics of ventures and entrepreneurs.
The academic implication of this study is that it focused on the early start-up processes and examined the dynamic effects of the incubating organizations.
There are some practical implications not only for the incubating organizations, but also for the prospective entrepreneurs. The incubating organizations can provide customized start-up education programs and resources. The prospective entrepreneurs can prepare more effectively by better understanding their incubating organizations, and by referring to the guidelines suggested along the start-up processes in this study.
