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Sustainability 2015, 7(10), 14344-14357; doi:10.3390/su71014344

The Sustainability and Challenges of Business Incubators in the Western Cape Province, South Africa

1
Graduate Centre for Management, Faculty of Business, Cape Peninsula University of Technology, Cape Town 7535, South Africa
2
Department of Entrepreneurship and Business Management, Faculty of Business, Cape Peninsula University of Technology, Cape Town 7535, South Africa
*
Author to whom correspondence should be addressed.
Academic Editor: Marc A. Rosen
Received: 26 May 2015 / Revised: 5 October 2015 / Accepted: 10 October 2015 / Published: 22 October 2015
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Abstract

Notwithstanding the growing interest in business incubation programmes and the benefits derived from such programmes, the path is beset by numerous challenges. This paper investigates the challenges faced by business incubators (BIs) as they strive to support their clients. The study utilized a qualitative approach to collect data by way of interviews to gain in-depth knowledge and understanding of the concept and challenges of business incubators. The data were collected using structured and unstructured in-depth personal interviews, which were carried out with the respondents of business incubators in the Western Cape. The research participants for this study were limited to the business incubators on the database of a local organization that promotes small and medium enterprises (SMEs) development strategy and programmes in the Western Cape Province. All five business incubators on the database were deemed suitable for the study. The results indicated that an average of twenty-five entrepreneurs graduated from the incubation programme in the last five years. Furthermore, lack of sponsorship, production space, advanced technological facilities (prototype) and expansion to different areas were found to be among the challenges hindering incubators. View Full-Text
Keywords: business incubators; sustainability of business incubators; entrepreneurial skills; small and medium enterprises business incubators; sustainability of business incubators; entrepreneurial skills; small and medium enterprises
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Lose, T.; Tengeh, R.K. The Sustainability and Challenges of Business Incubators in the Western Cape Province, South Africa. Sustainability 2015, 7, 14344-14357.

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