Emhamad Hamad and Leslie Arthur, Nottingham Trent University, UK
Purpose: This research aimed to determine whether the economic conditions for business strategy in the Arab World are favourable to a programme of business incubation and to suggest directions on the best ways to implement business incubation in Libya. Business incubators (BI) have proved to be effective tools for tackling unemployment, diversifying economies and creating wealth in numerous developed countries. By providing timely help and support for new ventures, business incubators hold the potential to create and develop entrepreneurial talent at the micro level and foster an environment for entrepreneurship at the macro level.
Design methodology/approach: To meet this aim, the study undertook a snowball approach and distributed a designed questionnaire to the incubation units in UAE.
Findings: The findings of the research contribute to the literature of business support services and entrepreneurship development and will enhance the knowledge and skills within the incubation industry. The centre’s incubator programme is designed to accelerate the successful development of young entrepreneurs and their businesses.
Originality/value: The authors believe that this paper has raised awareness of the importance of entrepreneurship for economic development and business incubation as an important tool for reaching this goal of contribution of SMEs within the incubators to the economy in the incubation units in UAE.
Keywords: Arab World, Business Incubators, Entrepreneurship, Innovation, UAE and SMEs