Research ArticleOpen AccessGoogle Scholar indexed
Framework for Technological Entrepreneurship Development: Key Issues and Policy Directions
- 1
- 2
- 3
- 4
American Journal of Industrial and Business Management·Volume 01 (2011)·Pages 10–19·Published 20 October 2011·DOI10.4236/ajibm.2011.11002
Copy link · social · email
Abstract
Entrepreneurship is acknowledged to be a significant driver of national wealth. In this paper, we present a framework for developing technological entrepreneurship particularly for developing countries, with supporting policy directions. Our thesis is that technological entrepreneurship - which exploits existing scientific and technological knowledge to meet market needs – is what brings about the national productivity and competitiveness that entrepreneurship is said to provide. Our framework stresses the fact that the innovation process is facilitated by technological entrepreneurship which is in turn pre-conditioned within the context of favourable policies, institutions, financial and institutional support.
KeywordsEntrepreneurshipDevelopmentInnovationTechnologicalIndustrialCommercialisationFramework
- D. C. Mowery and S. Shane, “Introduction to the Special Issue on University Entrepreneurship and Technology Transfer,” Management Science, Vol. 48, No. 1, January 2002, pp. 5-9. doi:10.1287/mnsc.48.1.0.14277
- S. Shane and S. Venkataraman, “Guest Editors’ Introduction to the Special Issue: Technology Entrepreneurship,” Research Policy, Vol. 32, No. 2, 2003, pp. 181-184. doi:10.1016/S0048-7333(02)00104-X
- P. Phan, and M. Foo, “Technological Entrepreneurship in Emerging Regions,” Journal of Business Venturing, Vol.19, No. 1, 2004, pp. 1-5. doi:10.1016/S0883-9026(02)00116-7
- R. C. Dorf and T. H. Byers, “Technology Ventures: From Idea to Enterprise,” 2nd Edition, McGraw Hill, New York, 2007.
- H. O. Aderemi, M. O. Ilori, W. O. Siyanbola, S. A. Adegbite and I. O. Abereijo, “An Assessment of the Choice and Performance of Women Entrepreneurs in Technological and Non-Technological Enterprises in Southwestern Nigeria,” African Journal of Business Management, Vol. 2, No. 10, October 2008, pp. 165-176.
- C. Cooper, “Science, Technology and Development: The Political Economy of Technical Advance in Under-developed Countries,” Frank Cass & Co., Ltd., London, 1978.
- C. M. Crawford, “New Product Failure Rate: Facts and Fallacies,” Research Management, Vol. 22, No. 5, 1997, pp. 9-13.
- M. O. Ilori, “From Science to Technology and Innovation,” Inaugural Lecture Series, Vol. 191, Obafemi Awolowo University, Ile-Ife, 2006, p. 37.
- Adjebeng-Asem, “Translating Technical Innovation into Entrepreneurship in Nigeria: Social and Policy Implications,” International Development and Research Centre (IDRC), 1995.
- P. Z. Nwafor, “Practical Approach to Entrepreneurship: Small and Medium Scale Enterprises (SMEs),” 2007.
- S. A. Zahra and J. C. Hayton, “Technological Entrepreneurship: Key Themes and Emerging Research Directions,” Crossroads of Entrepreneurship, Springer, 2007, pp. 185-208.
- S. Arzeni, “Entrepreneurship,” The OECD Observer, No. 209, 1998.
- M. N. Othman, Ghazali, Ezlika and S. S. Yeoh, “Graduate versus Non-Graduate Entrepreneurs in Urban Malaysia: Some Insights into Entrepreneurial Personality, Company and Family Background Differences,” Journal of International Business and Entrepreneurship Development, Vol. 3, No. 1-2, 2006, pp. 57-76. doi:10.1504/JIBED.2006.011951
- National Centre for Technology Management (NACETEM), “Technological Entrepreneurial Attitude in Nigerian Tertiary Institutions,” Policy Research Project, No. 2519/S.1/C.3/05/2637, funded by the Federal Government of Nigeria, 2008.