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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
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. Please select one mirror to download
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Sponsored LinksPromoting Business and Technology Incubation for Improved Competitiveness of Small and Medium-Sized Industries through Application of Modern and Efficient Technologies Keywordsincubation regional innovation development incubators countries research republic economic korea technologies industrial conditions markets india social workshops resources china promoting technology incubation china india promoting business united nations efficient technologies improved competitiveness medium sized industries economic growth continuous regional promote continuousBookmark Promoting Business and Technology Incubation for Improved Competitiveness of Small and Medium-Sized Industries through Application of Modern and Efficient TechnologiesHyperlink code:Promoting Business and Technology Incubation for Improved Competitiveness of Small and Medium-Sized Industries through Application of Modern and Efficient Technologies download copyrightThis site does not store Promoting Business and Technology Incubation for Improved Competitiveness of Small and Medium-Sized Industries through Application of Modern and Efficient Technologies on its server. We only index and link to Promoting Business and Technology Incubation for Improved Competitiveness of Small and Medium-Sized Industries through Application of Modern and Efficient Technologies provided by other sites. Please contact the content providers to delete Promoting Business and Technology Incubation for Improved Competitiveness of Small and Medium-Sized Industries through Application of Modern and Efficient Technologies if any and email us, we'll remove relevant links or contents immediately. |
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