Data analytics for finding emerging entrepreneur’s success factors

Abstract

Professional business incubation refers to the process by which a person or institution helps a startup develop and grow. Before sponsoring or channelling funding for startups, incubators recognise the potential for growth and weigh the opportunity. Before deciding to support or fund a startup, it is necessary to conduct extensive research into available resources. With the help of industries, developing countries have made rapid progress toward the goals of macro-stability, inclusive and sustainable growth in recent years. Incubators, while a powerful tool for promoting new ventures, have some limitations. Customers can sometimes develop overly dependent tendencies, rendering them unable to adapt to real economic influences. At the same time, it has been noted that the majority of them work in isolation and with a limited spectrum, which prevents them from reaching potential people and results in a shortfall of the centre, facilities, and resources. At the same time, companies are quick to adapt and change due to dynamic changes in technology and market demand as the variable phases survive the growth trend.