A Study on Incubators in ASEAN Universities

This study delves into the operational footprint and efficacy of university-based incubators in the ASEAN region, focusing on their successes and challenges in supporting startups and entrepreneurial initiatives. By analysing 1,149 universities’ websites and pertinent sources, the study paints a comprehensive picture of incubation programs within these academic environments. The analysis identified 118 universities that have established incubators, aiding ideation, acceleration, and the growth of student-founded startups, highlighting the pivotal role these entities play in fostering innovation and spurring economic growth in the region. The study shows the need for government intervention to promote the inception of more university-based incubators by aligning strategies with the unveiled benefits to fortify the entrepreneurial ecosystem. Incubators in universities play an important role in supporting the growth of student-founded startups as a key stimulator to the economic growth of a country and sustainable advancement in the ASEAN region.