Investigation of the key success factors of ventures incubated at IBA CED incubation center; An Empirical Study

Shahid  Qureshi; Abdullah  Mustafa; Mohammad   Talha; Azad  Ahmed; Misbah  Amin

doi:10.54692/ajss.2020.441356

Shahid Qureshi Center for Entrepreneurial Development (CED), Institute of Business Administration (IBA) Karachi, Sindh, Pakistan.
Abdullah Mustafa Center for Entrepreneurial Development (CED), Institute of Business Administration (IBA) Karachi, Sindh, Pakistan.
Mohammad Talha Center for Entrepreneurial Development (CED), Institute of Business Administration (IBA) Karachi, Sindh, Pakistan.
Azad Ahmed Center for Entrepreneurial Development (CED), Institute of Business Administration (IBA) Karachi, Sindh, Pakistan.
Misbah Amin Center for Entrepreneurial Development (CED), Institute of Business Administration (IBA) Karachi, Sindh, Pakistan.

DOI: https://doi.org/10.54692/ajss.2020.441356

Keywords: University Incubation centers, Incubation Fellowship Model, Entrepreneurial mindset, Effectuation

Abstract

Incubation is being used as a mechanism to promote entrepreneurship across the globe. The Pakistani universities have also followed this and are establishing incubation centers. However, the success rate is not very encouraging. The IBA incubation program is a unique form of incubation programs as it emphasizes more on the understanding of the entrepreneurial mindset and the effectuation theory before pursuing entrepreneurial journey. This paper describes the IBA incubation fellowship model and its practical application on new startups. The paper analyses the companies who were incubated and identifies the key success factors of these firms. This paper adds to the literature on incubation in Pakistan.