The Role of Business Incubation Centers (BICS) in Fostering Entrepreneurship in Pakistani Universities

Shah Awan

Abdul Wali Khan University Mardan, Pakistan

Abstract :

This study investigates the role of Business Incubation Centers (BICs) in fostering entrepreneurship in Paki­stani universities. The high failure rate in new startups around the world has opened a challenging discussion. Though encouraging steps and strategies have been taken to overcome these challenges, but still more aggres­sive action needs to be taken. However, Pakistan is one of countries that promote entrepreneurship through BICs. The purpose of the present study is to develop a conceptual model that assesses the moderating impact of government policy on entrepreneurship development through business incubation centers of the public and private universities. This area is under-researched particularly in the context of Pakistan; therefore, this research may contribute to the existing body of knowledge to appraise the industry in Pakistan. The data collection procedure included a survey of stakeholders from private and public universities in Pakistan and analyzed by SmartPLS 4.0. The findings show that Business incubation centers and government support have a significant impact on entrepreneurship development in Pakistan. Moderation analysis showed that business incubation centers to be successful and effective, government need to implement efficient policies to inculcate the entrepreneurship fostering.