Specific problems of the Incubator industry

Start up companies play an important role in bringing innovation and much needed new economic growth for developing countries like Uganda. It is therefore imperative that more conducive business environments are created to support them. Business incubation fosters innovation and entrepreneurship by addressing weaknesses in the business environment. These include provisions of business services, infrastructure and finance. The Incubation industry is still very young in Uganda with approximately less than 10 incubators faced by the critical challenge of scarce overall financial resources to help start-up businesses expand to the point where they can attract risk capital; Very few resources exist for entrepreneurial funding especially during the early stages. This paper aims to examine the specific challenges to the Incubation industry in Uganda and highlights what remains to be done is to overcome the many challenges to the process .It is critical that Incubation is widely promoted in Uganda as one of the ways in which the economy will be able to grow.