Effectiveness of Taiwan's Government Operated Business Incubation Initiatives

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In order to assess the effectiveness of Taiwan's government operated business incubation initiatives, which are authorized by the Small and Medium Enterprise Administration (SMEA) to encourage small business development by providing entrepreneurs with crucial creative and innovative resources, researcher Mei Hsiu-Ching Ho and a team of colleagues engineered a comprehensive case study entitled Innovation in KIBS: Lessons from University-Based Business Incubation Center in Taiwan. The study was designed to gauge the relative efficacy of Taiwanese governmental involvement in the private sector, with a specific focus on the emerging Knowledge Intensive Business Service (KIBS) industry, with Ho and his team conducting a thorough analysis of the SMEA's array of "business incubation policies to assist potential entrepreneurs and start-ups" (2012). At the heart of Taiwan's business incubation concept is the fundamental conviction that "usually driven by owner's entrepreneurship and enthusiasm, newly established companies in general are more innovative and productive to their old counterparts" (Ho, Lee & Lai, 2012). This overarching policy of governmental intervention in the name of fostering entrepreneurship is embodied by National Taiwan University Innovation and Incubation Centers (NTUIIC), which stands as the first in Taiwan's series of university-based business incubation centers (UBBICs). By studying statistical data produced by the NTUICC and conducting a close

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