Sustainable Government Policy: A Catalyst for Sustainable Incubator Performance

Abstract

One of the policy tools that a government uses to actualize entrepreneurship development is the business incubation program. These government policies come in several forms: fiscal, financial, as well as developmental. The business incubation program has been acknowledged as an instrument to achieve economic development, hence, the adoption of the concept by various nations. Studies have been advanced concerning business incubation performance, however, empirical scholarly works have shown that such studies have been inconclusive for the reason that results of empirically validated studies were inconsistent. The key objective of this study is to examine the contribution of government policies in the relationship between the critical success factors (CSFs) and the incubator performance. The study involves a data collection process of tenant firms of the Nigerian business incubation program using a population of 253 and a sample size of 153 for questionnaire administration and a focus group interview comprising of 10 respondents, which cut across both tenant firms and incubator managers. The results show that the independent variables and the moderator are indeed predictors of the criterion variable. As the predictors contributed merely 29.4% of the criterion variable, future studies may perhaps examine other critical factors alongside the extant constructs, which may contribute further to incubator performance.