Introduction

Abstract

In the last few decades, business incubators have attracted interest from practitioners and scholars worldwide as an integral support institution for entrepreneurs (Harper-Anderson, Lewis, & Molnar, 2011; Lose & Tengeh, 2015; Ratinho & Henriques, 2010; Scaramuzzi, 2002). Entrepreneurship is often considered to be a major source for economic power, yet it involves a high degree of risk by nature, especially in financial terms (Bracke, Hilber, & Silva, 2018; Hamilton, 2000). Also, entrepreneurs continuously face lack of resources, skills, and experience (Baker & Nelson, 2005; Cardon, Stevens, & Potter, 2011; Vasconcelos Gomes, Salerno, Phaal, & Probert, 2017).