Practices and challenges of the college of management business incubator services towards a successful entrepreneurship program

Abstract

Business incubation is a laboratory for entrepreneurship students that would give a flexible combination of business development processes, infrastructure, experts, coaches, and mentors in designing and developing the growth of the novice entrepreneurs of the country. This is descriptive - exploratory research. The purpose of this study is to determine the practices and challenges experienced by the students on the business incubation services provided by the college as a requirement for the operation of the BS Entrepreneurship program towards a successful business plan implementation. Findings revealed that there was a poor practice on the business incubation services related to infrastructure, coaching, and networking. It was also highlighted that students were challenged on the implementation of their business plan due to the poor structure and process of the services. With the goals and strategies of the university officials for a successful entrepreneurship program implementation, there was an effort made on the establishment of the Capiz State University (CAPSU) Agri - Aqua Technology Business Incubator that would positively convey the impact on the performance of the student start - ups and eventually to its graduates.