Technopreneurship and Industry 5.0: Promoting Equity and Diversity in Rural Areas

Literature Review

Post liberalization, India has witnessed a rise in the number of innovative and entrepreneurial companies, notably in the technology sector. The improvement of India's economy's sustainable competitiveness depends on technology-focused developments. India is currently experiencing a boom in inclusive innovation through social entrepreneurs. However, because neither the banking system nor the microfinance industry are willing or able to finance them, these entrepreneurs suffer from a shortage of funding. To close this gap, nevertheless, innovative financial initiatives have recently emerged. The increasing alternative finance initiatives that are establishing an ecosystem of support for inclusive innovation and social entrepreneurship are discussed in this study. The study specifically addresses the usage of two instruments business incubation and venture capital in traditional innovation assistance (Sonne, 2012).

Entrepreneurship is a key goal of education and lifelong learning policy in the European community. For vocational graduates, the entrepreneurship educations in higher and vocational education promote entrepreneurial competences, enterprising conduct, and employability. Graduates with an entrepreneurship major are more likely to launch new enterprises and have stronger entrepreneurial goals than other graduates since entrepreneurship is now a subject that is frequently taught in universities and business schools. In vocational schools, a variety of factors have an impact on students' entrepreneurial thinking and attitudes. A critical analysis of the entrepreneurship education literature revealed some underlying definitional, conceptual, and contextual problems with this field of study. A new study would provide a reasonable and pertinent standard to assess and guide the advancement of entrepreneurship (Harlanu & Nugroho, 2015).