Impact of Technology Incubation Programme in Promoting Entrepreneurship in Nigeria

Abstract

Technology incubators are economic development tools used for promoting the concept of growth through innovation and application of technology, support economic development strategies for small business development. It encourage growth from within local economies, while also providing a mechanism for technology transfer. Incubation is the provision of temporary support to start-up enterprises through the delivery of complex services and special environment with the aim of improving their chances of survival in the early phase of the life span and establishing their later intensive growth. Many Incubation Centres were established to influence and promote entrepreneurship thereby adding to economy of a country. However, the established incubation centres need to be evaluated to measure the effectiveness of the incubation programme in promoting entrepreneurship. In this research, we investigate the added value of Technology Incubation to the growth and development of Entrepreneurship, measuring the role of Technology Incubator thereby, finding out the effectiveness of Technology Incubation Centres in the development of Entrepreneurship in Nigeria. We use questionnaires as a tool for data collection. The result from the respondents of the questionnaires shows that Technology Incubation Centre contribute to the development and growth of entrepreneurs in Nigeria. Most of the entrepreneurs make use of the service of the Technology Incubation Centre. The incubation centres also carried out various program and initiative toward the development of entrepreneurs and also involving them with socio-economic development programs.