The The role of university technology business Incubator in agri-aqua enterprise development

Abstract

Business incubation has been globally recognized as an important tool in economic development and job creation. The Central Mindanao University-Agri-aqua Technology Business Incubator (CMU-ATBI) project was initiated to commercialize research-generated technologies in the university. The project is a venue for start-up enterprises to start and or develop their enterprise using the available agricultural technology in the university or an extension technology. The study utilized case study design to present the role played by the university TBI in the enterprise development of its clients who are called incubatees. The data were gathered from the project’s terminal report and an interview with the project staff. The CMU-ATBI plays a significant role in developing the incubatees enterprise through the different business support services they extended. The services include capability building, business plan preparation, product packaging and labelling design assistance, market linkage, access to inputs, and coaching and mentoring. These services contribute in one way or another in the development of the incubatees enterprise through increased income and jobs generated.