Abstract—This paper reviews the evolution of China’s technology business incubators (TBIs), venture capital (VC) and their interaction in the past 20 years. By using the regression analysis of a sample of 344 TBIs in China, we try to explain how the incubators assist new ventures in obtaining venture capital. The findings highlight the important role of network and government grants in building capabilities for new ventures to obtain venture capital, but the influence of business support of incubators is insignificant. Finally, managerial implications and future research directions are discussed.
Index Terms— Incubators, convergence, venture capital, new ventures.
The authors are with the school of Management, University of Science and Technology of China, Anhui, China (e-mail:firstname.lastname@example.org;email@example.com; firstname.lastname@example.org; email@example.com;firstname.lastname@example.org).
Cite: Tao Guo, Jin Hong, Dingtao Zhao, Yanrui Wu, and Jin Fan, "The Incubators, Venture Capital, and New Ventures in China," International Journal of Innovation, Management and Technology vol. 3, no. 4, pp. 358 -362 , 2012.