The Shortcut for Small and Medium-sized Enterprises to Go Global - International Business Incubator

With the globalization of world economy, the internationalization has become the new trend for further development of small and medium-sized enterprises(SME). International business incubator (IBI) is considered the "third generation" of incubators, and the short-cut for the SME to go global. In this paper, an overview of the status and development perspectives of the business incubator industry is presented, with a special focus on the development of IBI in China. It first introduces the status and development of IBI in China, then compares and analyzes China's oversea science and technology parks. Finally, through comparing with the international practice and analyzing the weakness and challenges that China's IBI are facing, it raises strategies for promoting the small and medium enterprises to go global.