University Students’ Awareness of the ‘Business Incubators’ Concept and Their Role in Advancing Socio-Economic Development

Abstract

This study aims to identify the university students in the United Arab Emirates who are aware of the concept of ‘business incubators’, and their role in enhancing socio-economic development. Moreover, the research sample is 150 students from Al Ain University during the first semester of 2020/2021. Additionally, study goals are achieved by using a descriptive analysis that employs personality interview. Hence, the research’s results reveal that there is a medium level of awareness about the concept of business incubators as economic development projects. Most students believe that business incubators are one of the best social policies, which are adopted by first world countries. In fact, most of the students’ responses in the Human and Social colleges focus in reducing the phenomenon of unemployment, which helps to mitigate poverty, crime. In addition, it helps to minimize unemployment, which is associated with depression that may lead young people to undergo deviation. Eventually, young people who are considered essential elements in society, are able to adopt the concept of business incubators, and their ideas can contribute in the development of qualitative and innovative projects that promote the state and protect it from global crises as well as security and social stability. This study provides recommendations and suggestions for further research.