EVALUATING THE EFFICACY OF TECHNOLOGY INCUBATION CENTRES IN FOSTERING ENTREPRENEURSHIP: CASE STUDIES FROM THE GLOBAL SOUT

This study conducts a comprehensive evaluation of the effectiveness of Technology Incubation Centres (TICs) in nurturing entrepreneurship, focusing on case studies from diverse regions of the Global South. With the growing emphasis on innovation and technology-driven economic development, TICs have emerged as vital entities in fostering entrepreneurial ecosystems. The research employs a mixed-methods approach, combining quantitative analysis and qualitative case studies. The quantitative aspect involves assessing key performance indicators, including startup success rates, job creation, and financial sustainability of TICs. Qualitative investigations delve into the nuanced experiences of entrepreneurs, exploring the support mechanisms provided by TICs, challenges faced, and the overall impact on their ventures. The case studies span various contexts within the Global South, encompassing regions with differing economic, social, and cultural landscapes. By examining TICs in diverse settings, the study aims to draw insights into the contextual factors influencing the efficacy of incubation programs and their relevance in different entrepreneurial ecosystems. Preliminary findings suggest a correlation between the success of TICs and factors such as effective mentorship, access to funding, and collaborative networks. However, challenges such as resource constraints, regulatory hurdles, and variations in local market dynamics pose significant barriers to the optimal functioning of TICs. The study contributes to the existing literature by offering a nuanced understanding of the role and impact of TICs in the Global South. Findings will inform policymakers, entrepreneurs, and stakeholders about the specific contextual considerations that influence the efficacy of TICs, ultimately aiding in the refinement of strategies to enhance entrepreneurship and innovation in emerging economies. As the Global South increasingly positions itself as a hub for technological innovation, this research provides timely insights into the evolving landscape of entrepreneurial support structures, offering practical implications for the future development of TICs and fostering a conducive environment for sustained entrepreneurial growth. Keywords: Technology Incubation Centres, Entrepreneurship, Global South, Case Studies, Innovation, Economic Development

TECHNOLOGY AND INNOVATION TO GROWTH OF ENTREPRENEURSHIP AND FINANCIAL BOOST: A DECADE IN REVIEW (2013-2023)

The study, "Technology and Innovation to Growth of Entrepreneurship and Financial Boost: A Decade in Review (2013-2023)," critically explores the intersectionality of technology, innovation, and entrepreneurship, delineating their collective impact on financial growth and economic enrichment over the past decade. Through an exhaustive examination of empirical data, literature reviews, and holistic case studies, this paper presents a nuanced analysis of the transformation and evolution of the entrepreneurial landscape within the context of the burgeoning advancements in technology and innovation management strategies. The investigative journey commences with an insightful delineation of the objectives and research questions aimed at understanding the multifaceted dynamics between technological proliferation, innovative applications, and entrepreneurial growth. Subsequently, a meticulous review of literature unveils the underpinning theoretical frameworks and foundational concepts, elucidating the symbiotic relationship between technology and entrepreneurship. Concepts such as the diffusion of innovations, disruptive technologies, and stakeholder theory are explored to comprehend the profound impacts on entrepreneurial ventures and their concomitant challenges and opportunities. The study further delves into the empirical exploration of the evolution of the entrepreneurial landscape from 2013 to 2023, offering a granular perspective on the diverse technological trends, market fluctuations, and innovative breakthroughs that have characterized this period. The challenges and risks associated with technology and innovation in entrepreneurial settings are highlighted, including discussions on market competition, technological obsolescence, intellectual property conflicts, and ethical considerations, providing a balanced viewpoint on the manifold aspects of entrepreneurial progression. Diverse real-world case studies of companies such as Tesla Inc., Beyond Meat, Square Inc., and Zoom Video Communications offer tangible manifestations of the intricate interplay between technology, innovation, and entrepreneurship. These cases exemplify the varied approaches and adaptive strategies employed by enterprises to navigate challenges, leverage opportunities, and effectuate significant market transformations and societal impacts. These serves as exemplary models of resilience, adaptability, and visionary leadership in the face of uncertainties and market dynamics. In conclusion, the study synthesizes the gleaned insights to project future directions in entrepreneurship, emphasizing the imperatives of sustainability, inclusivity, and ethical conduct. The study posits that the future of entrepreneurship will be marked by enhanced emphasis on social impact, environmental considerations, and the integration of emerging technologies. The recommendations outlined in the study advocate for strengthened ecosystem support, fostering of collaboration, and promotion of responsible and ethical business practices to cultivate a conducive and equitable entrepreneurial environment. This comprehensive exploration contributes significant insights to the academic discourse on technology, innovation, and entrepreneurship, offering valuable implications for practitioners, policymakers, and academia, thereby enriching the understanding of the dynamic interdependencies between these pivotal domains. Keywords: Entrepreneurship, Technology, Innovation, Financial, Economic Growth, Transformation