Sustain cubator “Eco Innovate Hub”: Nurturing green entrepreneurship in higher education
Keywords:
incubator, sustainable development, Entrepreneurship, InnovationAbstract
Purpose: This study presents a groundbreaking proposal for an academic business incubator model that aligns with sustainable development principles, using the "EcoInnovate Hub" Business Incubator as an exemplar. The model aims to bridge the gap between academic knowledge and practical entrepreneurship while promoting sustainable business practices. The research explores the incubator's role in fostering innovation, job creation, and economic diversification, particularly in the context of Saudi Arabia's transition to a knowledge-based economy. The study's objectives encompass analyzing the structure and methodology of the proposed model, examining its potential impact on sustainable development goals, and evaluating collaboration among academic institutions, government entities, and non-governmental organizations in supporting entrepreneurship. Through a comprehensive review of existing incubator models and sustainable development guidelines, the research outlines the incubator's working mechanism, emphasizing the integration of academic resources and practical business support from idea analysis to market development. Results. Ultimately, the study concludes that implementing similar models in academic institutions can significantly contribute to developing sustainable entrepreneurs and achieving comprehensive sustainable development goals, recommending their adoption to foster innovation, enhance economic resilience, and promote sustainable business practices.
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