Data on the relationships between financing strategies, entrepreneurial competencies and business growth of technology-based SMEs in Nigeria

Abstract

The article presents data on the relationship between financing strategies, entrepreneurial competencies and business growth of technology-based SMEs in Nigeria. Copies of structured questionnaire were administered to 233 SME owners and financial managers. Using descriptive and standard multiple regression statistical analysis, the data revealed that venture capital and business donations significantly influences profit growth of technology-based SMEs. Moreover, the data revealed that technology-`based firms can enhance their access to financing through capacity building in entrepreneurial competencies, such as acquiring the right skills and attitude. Keywords: Financing strategies, Entrepreneurial competencies, Technology-based SMEs, SMEs business growth, SME performanc