Economic Themes (2008) 46 (3) 8, 111-135
Ermina Grozdanić
Abstract: Business incubators first time appeared in 1950s in USA. Within the area of Bosnia and Herzegovina, they appeared for the first time on 1998. Business incubators can be considered very powerful instruments in the process of creation business friendly environment. However, they can be considered as a very expensive instrument as well, especially if there are no adequate foundations for their appliance created. Main preconditions for the appliance of the mentioned instrument are: a) „adequate” identification of the role of local government, b) creation, working in, and strengthening of partnerships, and c) developed human resources. Although the ages and Business incubation model applied in the South-East European countries are similar, the effects produced by BIs in BiH are not even close to the ones produced in other countries from the region. This is due to the different existing BI model application environment, i.e. having/not having the necessary pre-conditions. BiH applied market replacement model and BiH business incubators are very much sponsor dependent, which did not create a long term solution. BiH Business incubators did not create the grounds to take the next step in business incubation.
Keywords: business incubator; economic development; favorable business environment; BiH
BUSINESS INCUBATORS IN BOSNIA AND HERZEGOVINA - ARE WE READY TO TAKE THE NEXT STEP
Ermina Grozdanić
Abstract: Business incubators first time appeared in 1950s in USA. Within the area of Bosnia and Herzegovina, they appeared for the first time on 1998. Business incubators can be considered very powerful instruments in the process of creation business friendly environment. However, they can be considered as a very expensive instrument as well, especially if there are no adequate foundations for their appliance created. Main preconditions for the appliance of the mentioned instrument are: a) „adequate” identification of the role of local government, b) creation, working in, and strengthening of partnerships, and c) developed human resources. Although the ages and Business incubation model applied in the South-East European countries are similar, the effects produced by BIs in BiH are not even close to the ones produced in other countries from the region. This is due to the different existing BI model application environment, i.e. having/not having the necessary pre-conditions. BiH applied market replacement model and BiH business incubators are very much sponsor dependent, which did not create a long term solution. BiH Business incubators did not create the grounds to take the next step in business incubation.
Keywords: business incubator; economic development; favorable business environment; BiH
