DOI: 10.5176/2251-2039_IE1245
Authors: Dhruv Bhatli, Paolo Borella and Jukka Karimaa
Abstract: Earlier studies outline the importance of new ventures andstartups, especially to catalyze wealth creation and innovation,and thus boosting the economy on both regional and nationallevels. (Rice, Matthews and Kilcrease, 1995; Phan et al. 2005).In such a scenario, incubators assisting the emergence of newventures, enjoy augmented status and have an important role toplay (Dee et al. 2011; Miller and Bound 2011; Hansen et al.2000; Levy 2011; Bruton 1998; OECD 1997), which explainssubstatial increase in public and private funding towards theirgrowth and sustainance. This importance has equally beenaccorded in recent entrepreneurship literature, whereincubators have received significant attention (Bollingtoft,2012; Chen 2009; Grimaldi & Grandi, 2005). However, so farmost studies have focused on the either university incubators(UIS) or private “for profit” accelerators (PAS). While bothincubation instruments cater and provide benefits to newventures (NV's). They have their inconveniences. Few earlierstudies have sought to explore an alternative incubation model.For instance, is there a place for accelerators which are placedin the UIS and PAS interface? Will such an entity be able toattract enough deal flow? If yes, what would be the emergingbenefits for participating NV's. Also, what adjustments wouldsuch an entity have to make to succesfully sustain in thecompetitive entrepreneurial landscape. This study intends toaddress these issues, by closely examining the hybridincubation model of Startup Sauna
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