Impact of Business Incubators on Economic Growth and Entrepreneurship Development

Ogutu V. O., Kihonge E.

Abstract: There has been great interest globally to increase the survival rate of SMEs, owing to their innate potential of spurring economic growth, creating employment and poverty reduction. The motivation of this paper was to find out if there is a relationship between the number of incubators in a country and the Gross Domestic product. The study surveyed selected countries in Asia, Americas, Africa and Europe. The study used historical data published and through content analysis and statistical analysis was able to establish a strong relationship between the numbers of incubators a country has influences the countrys GDP very strongly.

Keywords: Business Incubation, Economic growth and entrepreneurship development