BUSINESS INCUBATION UNITS: THE OPERATIONAL SUSTENANCE FOR BUDDING ENTREPRENEURS
The article examines the problems that the Business Incubation units face while attracting and increasing the customer base. This study adopted a qualitative technique for data collection using the structured and unstructured interview methods related to the know-how of these incubation units. The respondents were limited to a list of incubation units taken from a local enterprise that promotes the development strategies and programs of small and medium enterprises (SMEs) in India. Over the last 5 years, an aggregate of 25 startup businessmen was found to have graduated from the entrepreneurial program, according to findings. In addition, incubators face problems like fund shortage, operating space, modern technical resources, and development into new regions. This study brings out the challenges faced by incubation units directly from the incubators today and helps budding entrepreneurs to use these factors to increase their client base and become successful, thereby adding novelty to the research.
Business Incubation; Sustainable practices; Challenges; Operational sustenance; Entrepreneurs