Name: Maha Faisal alghanmi
Email: Maha.f.alghanmi@gmail.com
The Level of Community Awareness Regarding the Impact of Business Incubators on Sustainable Development
Abstract:
Business incubators boost the economy by combining start-ups’ entrepreneurial energy with traditional resources. Knowledge-based entrepreneurial firms drive economic growth and need particular business development services. Business incubators are the core of economic growth initiatives. They provide value by combining the startup’s entrepreneurial drive with resources generally accessible to startups. Business incubators aim to commercialize innovations and create employment. This study examined Saudis’ understanding of business incubators’ role in sustainable development. This survey aims to determine the level of community knowledge about business incubators:
* How can business incubators aid socio-economic development?
The study sample included 200 society members. The research addresses society’s managers and implementers of socio-economic development programs at all levels and sectors. Descriptive analysis achieves research aims. Thus, the study shows that business incubators as economic development programs are well-known. Most youth think business incubators are one of the finest social programs in first-world nations. Finally, young people, who are essential to society, can adopt the concept of business incubators and contribute to the development of qualitative and innovative projects that promote the state and protect it from global crises, security, and social stability. Many business incubators advise, encourage, promote, and nurture emerging businesses. This report suggests further research.
Keywords: Level of Awareness – Business Incubators – Sustainable Development – qualitative and innovative projects
