Best practices of technology business incubators in the Philippines

Abstract

Technology business incubator (TBI) is one of drive factors that uplift the economic status of a country. It is normally supported by the government to stimulate firms and commercialize technologies developed by the universities. While the Philippines has recently began the establishment of TBIs, challenges have been experienced. These challenges were overcome through trial and error method while adapting to the economic responses. This study presents the best practices of Philippines TBIs. Seven (7) TBIs were randomly selected all over the country. Structured survey and interview questionnaire were used for the gathering of the data. The outcomes of the practices were validated through actual site observation. A framework indicating the success metric for TBIs was developed which consists of (1) driving mechanism and (2) process of implementations.