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Promoting Business and Technology Incubation for Improved Competitiveness of Small and Medium-Sized Industries through Application of Modern and Efficient Technologies

Promoting Business and Technology Incubation for Improved Competitiveness of Small and Medium-Sized Industries through Application of Modern and Efficient Technologies

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Promoting Business and Technology Incubation for Improved Competitiveness of Small and Medium-Sized Industries through Application of Modern and Efficient Technologies

Promoting Business and Technology Incubation for Improved Competitiveness of Small and Medium-Sized Industries through Application of Modern and Efficient Technologies Summary:

 
By United Nations Publications      
  • Publisher:   United Nations Publications
  • Publication Date:   2004-08-01
  • ISBN-10 / ASIN:   9211203538
  • ISBN-13 / EAN:   9789211203530
  • Pages: 337
excerpt from part 1
I. GENERAL OBSERVATIONS
ESCAP has been undertaking various activities for the promotion of business and technology incubation
system in countries of Asia and the Pacific. The major objectives of such activities have been to create awareness
about the use of business/technology incubators and to provide opportunities for sharing of experience among
countries which have already started the promotion of such incubators. Initially, the secretariat had prepared
regional review status study and organized a regional consultative meeting in Seoul, the Republic of Korea. This
activity was followed-up by the organization of a series of National Workshops on Promoting Business and
Technology Incubation for Improved Competitiveness of Small and Medium-sized Industries through Application
of Modern and Efficient Technologies in six countries namely: Bangladesh, Cambodia, the Lao People’s Democratic
Republic, Mongolia, Nepal and Viet Nam. The following sections present the situation at national levels of the
participating countries, lessons of experience from China, India and the Republic of Korea and recommendations.
In these workshops, conceptual issues, practical ways of setting-up incubators as well as the experiences
of China, India, and the Republic of Korea were presented. A general overview of regional perspectives on
Asia-Pacific and the usefulness of business and technology incubation was also presented and discussed.
It was emphasized that the main goal of incubation system is to promote continuous regional and national
industrial and economic growth through increasing of employment and general business development and to
stimulate specific economic objectives such as industrial restructuring as well as wealth generation and utilization
of national resources. Technology business incubation system cannot replace the usual entrepreneurial initiative
and markets, but technology business incubation system can create better conditions for the emergence of new
entrepreneurship especially the technology-based enterprises. Establishment of technology business incubators
enhances the business image as an innovation hub, demonstrates commitment of the incubator founders to
encourage and move into businesses through techno-entrepreneurship, and thus creates investors’ trust and promotes
value-added technology-oriented investments in the countries.
Technology business incubators bring about the following benefits:
 To government – regional economic development, new jobs, higher tax revenues, social benefits
and overall improvement in national technological capabilities
 To Research and Development (R&D) community – research commercialization, interaction with
industry, new sources of income generation
 To business/corporate sector – better investment choices, access to innovative entrepreneurial business
models, acquisition of new technologies, fulfilling social responsibilities
 To technology-led start-ups – better access to resources based business development expertise,
reduced risk and time to market
Development of technology business incubation system should be an integral component of the national
technology development strategy aimed at enhancing the innovation profile of the country/region that, in turn,
involves the following steps:
1. Monitoring and identifying national/regional competence and innovation potential
2. Stimulating innovation in enterprises of all sizes
3. Focusing on national/regional strengths through clustering and networking
4. Providing financial support for innovation
5. Approaching international markets
The emergence of new innovative, high-growth companies emerge from critical masses of research,
education and new investments. A critical mass of commercially oriented research expertise can attract industrial
technology users. Such clusters draw investors and consultants, creating favourable conditions – in particular
those provided by business incubators – for the birth of fast-growing, high-tech companies, which in turn
are a magnet for new talent and new money. When all components are linked, the innovation and
techno-entrepreneurship process becomes self-reinforcing and developing in the country.
 
 
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