Track: Entrepreneurship and Innovation

Abstract

Internal resources are considered to be the foundation for the new venture’s survival. These resources act as a buffer against the liability of newness and smallness, resulting in sustained competitive advantage. Drawing upon the Resource-based view (RBV), the study investigated the combined effect of three major internal resources (human, social, and technological) on the survival of incubated startups. We tested our hypotheses on a sample of 261 startups that were incubated at the Institute of National Importance incubation centres in India between 2012 and 2020. The results of the binary logistic regression analysis found that internal resources such as the founders’ education, industry experience, entrepreneurial experience, social capital utilisation, and startup offerings have a significant and positive effect on incubated startup survival. However, the availability of intellectual property rights (IPRs) and founders’ managerial experience have a negative impact on the survival and success of startups. Our results partially confirmed the significant role of the combined effect of internal resources on the survival and success of the startups.