Importance of Technological Innovation for SME Growth: Evidence from India

This paper probes the drivers, dimensions, achievements, and outcomes of technological innovations carried out by SMEs in the auto components, electronics, and machine tool sectors of Bangalore in India. Further, it ascertains the growth rates of innovative SMEs vis-à-vis non-innovative SMEs in terms of sales turnover, employment, and investment. Thereafter, it probes the relationship between innovation and growth of SMEs by (i) estimating a correlation between innovation sales and sales growth, (ii) calculating innovation sales for high, medium, and low growth innovative SMEs and doing a aggregate one-way ANOVA, and (iii) ascertaining the influence of innovation sales, along with investment growth and employment growth on gross value-added growth by means of multiple regression analysis. The paper brings out substantial evidence to argue that innovations of SMEs contributed to their growth.Technological innovations, sales growth, auto components, electronics, machine tools, Bangalore

Comparing the Entrepreneurial Ecosystems for Technology Startups in Bangalore and Hyderabad, India

Technology startups are gaining increasing attention from policy makers the world over because they are seen as a means of encouraging innovations, spurring the development of new products and services, and generating employment. Technology startups tend to thrive when inserted in a conducive entrepreneurial ecosystem. Therefore, ecosystem promotion is being given increasing policy support. However, the emergence and structure of entrepreneurial ecosystems for technology startups have hardly been traced and examined in detail. In India, Bangalore occupies a unique position in the startup world, and Hyderabad is fast emerging as one of the promising startup hubs in the country. Given this background, we set out to explore and examine the structure, evolution, and growth of ecosystems for technology startups in the context of Bangalore and Hyderabad. Both the ecosystems emerged due to the initial foundation laid in the form of government–industry–academia triple helix and their interactions leading to the emergence of a modern industrial cluster followed by an information technology and biotechnology cluster, which then led to R&D cluster serving both the cities. These three clusters together, gradually and steadily, facilitated an entrepreneurial ecosystem for technology startups to emerge. The ecosystem operates within the triple helix model and has a nucleus with two outer layers: i) an inner layer of primary (indispensable) factors and ii) an outer layer of supplementary (secondary) factors. Through the analysis of the experiences of Bangalore and Hyderabad and their ecosystem evolution, its structure, and components, we derive key lessons for others within and beyond India

Importance of technological innovation for SME growth: Evidence from India

This paper probes the drivers, dimensions, achievements, and outcomes of technological innovations carried out by SMEs in the auto components, electronics, and machine tool sectors of Bangalore in India. Further, it ascertains the growth rates of innovative SMEs vis-à-vis non-innovative SMEs in terms of sales turnover, employment, and investment. Thereafter, it probes the relationship between innovation and growth of SMEs by (i) estimating a correlation between innovation sales and sales growth, (ii) calculating innovation sales for high, medium, and low growth innovative SMEs and doing a one-way ANOVA, and (iii) ascertaining the influence of innovation sales, along with investment growth and employment growth on gross value-added growth by means of multiple regression analysis. The paper brings out substantial evidence to argue that innovations of SMEs contributed to their growth

Technological Innovation and Growth of SMEs In Bangalore: Does Innovation Facilitate Growth of Firm Size?

This paper probes the drivers, dimensions, achievements and outcomes of technological innovations carried out by SMEs in the auto-components, electronics and machine tool sectors of Bangalore in India. Thereafter, it probes the relationship between innovation and growth of SMEs by (i) estimating correlation between innovation sales and sales growth; (ii) calculating innovation sales for high, medium and low growth innovative SMEs and doing one way ANOVA, and (iii) ascertaining the influence of innovation sales, along with investment growth and employment growth on sales growth by means of multiple regression analysis. The paper brings out substantial evidence to argue that innovations of SMEs contributed to their growth.   Key words: SMEs, technological innovations, sles growth, bangalore, indi

Technological Innovation and Growth of SMEs In Bangalore: Does Innovation Facilitate Growth of Firm Size?

This paper probes the drivers, dimensions, achievements and outcomes of technological innovations carried out by SMEs in the auto-components, electronics and machine tool sectors of Bangalore in India. Thereafter, it probes the relationship between innovation and growth of SMEs by (i) estimating correlation between innovation sales and sales growth; (ii) calculating innovation sales for high, medium and low growth innovative SMEs and doing one way ANOVA, and (iii) ascertaining the influence of innovation sales, along with investment growth and employment growth on sales growth by means of multiple regression analysis. The paper brings out substantial evidence to argue that innovations of SMEs contributed to their growth.   Key words: SMEs, technological innovations, sles growth, bangalore, india</p

Driving the Economy through Innovation and EntrepreneurshipEmerging Agenda for Technology Management /

XVII, 890 p. 155 illus.online resource