Innovation in incubated software firms

Abstract

The study explored the determinants of product innovation in software start-ups supported by the incubation centers. Innovative output and performance were used as indicators of the product innovation. To this end, an empirical research including 380 incubated start-ups in Thailand was conducted. An Ordinary Least Squares regression was used to analyze the collected data. The study revealed that entrepreneurial personality and technological opportunity are significantly important for product innovation. Moreover, the findings positively support the importance of business incubator to innovative enterprises. © 2014 Academic Journals Inc.