Industrial incubators - a new approach to the development of small industries

Abstract

With everything that development experiences have shown about the importance of small industries in the national economy, and what the ongoing transformations in the global economy have confirmed regarding the restructuring of industry and the dismantling of large establishments, industrial policies in many countries of the world still focus their attention towards large industries, which affects the position of small industries. . Development experiences have also indicated that providing financing for small projects may lead to an increase in income, but in most cases it is not a mechanism for the growth of these projects and the creation of new and permanent job opportunities, except in light of the availability of an integrated support system for these projects. Therefore, the option of supporting small industries by adopting a maturity mechanism becomes Industrial business incubators are one of the new and unconventional options that can be adopted as an institutional entity to support these industries. Although this new mechanism appeared in industrialized countries at the end of the 1980s, its application is still limited in developing countries, even though development requirements require the contribution of small industries alongside other industrial activities. In the development process.