A Review and Research Direction: Business Incubators in Malaysia

Researches have shown that the study on business incubator has indeed increased. The phenomenon arises since business incubator is seen as an economic development tool that can enhance the economic growth of a country. Business incubators provide a mechanism for knowledge transfer, promote the concept of growth through innovation and application of technology, support economic development strategies for startups, and encourage growth from within local economies. Business incubator is needed for startups to succeed since they suffer on the liability of their newness and the liability of smallness. Even though theoretically and practically business incubator has gained numerous attention, very limited study found in Malaysia on business incubator context. Thus, this study aims to discuss some literature review related to business incubator, present the current state of business incubators in Malaysia and lastly suggest the research direction for the business incubator study in Malaysia.