The Role of Business Incubators in Supporting Sports Startups in Algeria: Challenges and Opportunities in Light of the 2020 Events

Abstract

Startups face numerous challenges in their early years, such as financial resource shortages, difficulty accessing markets, and the need to build a strong network. Business incubators can significantly help overcome these challenges by providing financial and advisory support, facilitating access to investors, and offering a conducive environment for networking and development. Evaluating the impact of business incubators on the success of startups reveals that strategies such as providing guidance, assisting in business model development, and offering financial resources play a key role in improving the success rates of startups. The fundamental differences between startups and small and medium-sized enterprises lie in their growth stage and objectives; startups require focused support for expansion and innovation, while small and medium-sized enterprises focus on stability and sustainable growth. Incubators can offer tailored support for each type according to its needs. In Algeria, the government and academic institutions play a crucial role in supporting entrepreneurs through initiatives and support programs, contributing to the growth of startups in the country. The COVID-19 pandemic affected startups in general by increasing economic pressures, and specifically impacted sports startups by disrupting sports events and reducing investments. This study highlights important findings regarding the role of business incubators in supporting sports startups. These incubators provide comprehensive strategic services ranging from business plan development to effective marketing and financial strategies. They also play a significant role in facilitating access to funding and establishing essential communication networks needed by entrepreneurs. Additionally, these incubators support by providing infrastructure, such as the necessary equipment and facilities for developing sports projects.