ISSN: 2222-6990
Open access
The paper delves into the ICCubeX incubator initiative to enrich the university's technology Commercialisation ecosystem. It focuses on cultivating high-quality techno-entrepreneurs, enhancing income generation through technology Commercialisation, and creating a favorable ecosystem for techno-entrepreneurs at Technovation Park. This study uses the narrative literature review method to answer the question, “Is the ICCubeX program good enough for start-ups compared to other regions?” The review result is then compared to the ICCubeX incubation program. Key findings reveal that an ideal incubation program should possess clear objectives and focus on specific industries, social innovation, and technology start-ups. Access to funding through investment, grants, or investor connections proves pivotal for start-up development. Workshops, mentorship, and training covering various entrepreneurial aspects are critical for sustained success. This study underscores the significance of tailored incubation facilities to create a conducive start-up environment. Leveraging university resources such as laboratories further bolsters product development. Moreover, the importance of policy support for start-up formation and longevity is highlighted. Continuous monitoring and activity tracking play a role in ensuring start-up sustainability. The paper culminates by emphasizing the adaptable nature of the incubation model across diverse disciplines and technological readiness levels, as gleaned from the literature review. The ICCubeX incubator initiative stands as a testament to the holistic and forward-looking approach that Universiti Teknologi Malaysia is undertaking to foster a thriving ecosystem for innovation and entrepreneurship.
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(Harun et al., 2024)
Harun, M. A., Ahmad, N. A., Noor, N. M., Khamis, M. F., Ruzmi, N. D. M., Adzmi, N. H. M., Samsudin, A., Muhamad, S., & Ali, N. (2024). ICCubeX: A Structured University Incubation Model to Accelerate the Lab-to-Market Process. International Journal of Academic Research in Business and Social Sciences, 14(1), 1339–1354.
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