Sustainable Development of Business Incubators and Accelerators in Romania
IMPACT OF ARTIFICIAL INTELLIGENCE ON EDUCATIONAL E-MANAGEMENT IN ADDRESSING GLOBAL INEQUALITY
September 9, 2024The Impact of Investing in Education on the Business Management Environment of Romania
September 9, 2024Sustainable Development of Business Incubators and Accelerators in Romania
| ABSTRACT: This paper aims to investigate how a sustainable development of business incubators and accelerators might foster and support the Romanian entrepreneurial environment. The key driving force for choosing to approach this research is a lack of thorough knowledge of the insights of this issue in Romania. Even though innovative ideas and business strategies are becoming more and more popular worldwide, the national business environment still has not fully benefited from their features. The mixed-methodological approach of the research combines quantitative and qualitative analyses. Using a case study, a questionnaire and appropriately applying pertinent models for their interpretation, the study produced a collection of recommendations for professionals and decision makers. The major conclusions show that a new ecosystem is developing in which incubators and accelerators add in the upsurge in the success rates of companies in Romania, generally in recent years. Nonetheless, some systematic problems expose themselves as possible roadblocks in the way toward a possible fully operating incubator and accelerator model, as was previously noted in earlier relevant literature From a lack of access to many sources of capital to an infrastructure unfit for supporting high-growth prospective companies, these challenges vary. The results show that dedicated education investment might serve and better assist the Romanian entrepreneurial sector. These concepts could have great potential to assist government officials and corporate leaders in improving the local conditions and implementing a sustainable development for the business incubators and accelerators environment in Romania. |
KEYWORDS – Business Mentorship, Collaborative Approach, Entrepreneurship Support, Innovation, Sustainable Development