The Role of Chinese Government in Business Incubators
5.2 Suggestions for Future Research
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contribution in Chinese economic growth is essential. BIs system are one of the
important factors to facilitate the self-reform of the government, and remodeling
relations among the government, market and society.
5.2 Suggestions for Future Research
This research has systematically reviewed, examined, analyzed and synthesized
important existing studies and secondary data in order to provide the overall landscape
of BIs in China. Upon observing a series of principal policies, initiatives, and activities
leading to the emergence, changes and enhancement of Chinese BIs, it can be found
that Chinese BIs are viewed as a public good entity with a social mission, and tended
to operate under a government mandate of economic development. The emergence of
BIs come from the needs of the times. The mission of Chinese BIs is strongly linked to
the government's vision and public responsibility, and its unique ecosystem has a high
flexibility and adaptability in the community development.
On the foundation laid by this research, there are various interesting issues for
further studies especially for the innovation capability of BIs sustainability. In China,
the rate of success for BIs are low. According to the Xinhua news (新华网, 2015), there
was only 30 per cent of startups can be sustained in the first 3 years, while dropped to
16 per cent within 5 years. The reasons of success and failure behind the Chinese BIs
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are worthy of further exploration. The capability of innovation is regarded as one of the
biggest challenges faced in running the BIs. As innovation is inherently dynamic, the
lack of innovation capability of sustainability is when BIs cannot maintain and sustain
itself, not to mention to support their incubatees. Successful innovation should be an
in-built part of BIs strategy, where incubators create a value of innovation and give
incubatees the competitive advantage to grow and adapt their businesses in the
marketplace.
From this perspective, the government bureaucracy may be one of the inevitably
challenge faced in the innovation capability of Chinese BIs. The government subsidizes
incubator construction as well as ongoing operations involved in operational decision.
Although the government involvement could sustain BIs operation, it may cause BIs'
own profitability highly dependent on government's support. It is conjectured that that
the bureaucracy may affect the autonomy and creativity in BIs system, and further
impact the innovation capability of BIs sustainability. To in-depth understand the
overall picture of China's rapid growth economic development, the innovation
capability of BIs sustainability is worthy of further investigation and discussion.
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