Analyzing Confidence of Youth for Incubator Direction Assessment:A Study in the State of Jammu and Kashmir

Incubators are gaining popularity as entrepreneurship promotion agencies. Although the services and production sectors are equally important for Indian nation but the former continues to lure potential entrepreneurs for reasons of reduced production hassles, workers’ management, government clearances, compliance of various legislations, adherence to labor laws,, etc. In case of business incubators, the qualified youth with intention for either kinds of business ideas, viz., Product-based Business (PBB) or Idea-based Business (IBB), may require and seek the initial support and mentoring provided by them, and the incubator managers have to oblige. But, cluster theory as well as the theory of entrepreneurship capital, suggests a likelihood of non-equal business preferences in societies. Using the State of Jammu and Kashmir in India as a case, this paper attempts a comparative confidence analysis of the PBB or IBB intentions of first-generation entrepreneurs. The findings of significant differences are reported and the likely reasons and suggestions are discussed.