Abstract
Purpose
This study deals with missions, significant policies, operational approaches, and training programs learned from Singapore's experiences, thus contributing to a more profound knowledge of entrepreneurship in order to establish suggestions and boost the implementation of entrepreneurship and incubator business, particularly in universities in Indonesia. This study purposes to understand in-depth the practical implementation approaches of university incubation centres to facilitate entrepreneurship in Singapore. Insights were obtaining following a literature review approach.
Design/methodology/approach
Data for this study were collected from a variety of sources, including government documents, university reports, global related entrepreneurship research websites (GEI, Global Entrepreneurship Monitor [GEM], 2019), and related journals (e.g., Entrepreneurship, Incubators, and University Incubators).
Findings
Synthetically, incubation centres possess the following primary missions: (1) they integrate professionals in various fields to promote industry partnerships and engagement; (2) they provide training to new entrepreneurs for achievement enhancement, mainly to help them acquire missing business knowledge; (3) they encourage start-ups to engage with one another in the culture of incubators, to enlist more people to join in supporting and expanding the society; (4) they commercialise intellectual properties and promote the commercialisation of inventions and innovations for the future market; (5) they bridge academic professors with industry entrepreneurs for technology upgrades and business transformation. To summarise, University Incubation Centres in Indonesia should strive to emulate the best practices of some Singaporean universities and do everything possible to help their tenants accelerate their entrepreneurial processes. In order to be competitive, an incubator must extend its network and partner with successful industries, funding agencies, industries, and universities.