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What is Technology Incubation

Human Capital Formation for the Fourth Industrial Revolution
These are assistance given to start-ups ventures through the transfer of complex administration and unique environment with the objective of enhancing their opportunities of survival in the early period of enterprise life cycle, and building up their later development.
Published in Chapter:
Technology Incubator and Entrepreneurship Development
Saidi Adedeji Adelekan (Mountain Top University, Nigeria) and Benneth Uchenna Eze (Hallmark University, Nigeria)
Copyright: © 2020 |Pages: 19
DOI: 10.4018/978-1-5225-9810-7.ch012
Abstract
The importance of technology in advancing experiential learning and building entrepreneurs that can withstand the challenges and explore the opportunities in the fourth industrial revolution are enormous. The chapter adopted a literature review approach to establish the link between technology incubator and entrepreneurship development. The concepts of technology incubator and entrepreneurship development as well as other related concepts were extensively discussed. It identifies the need for adequate investments toward tech entrepreneurship development and tech-savvy for the future through technology incubation programmes. Such programmes set to aid innovativeness, creating jobs, fast-tracking research to industry linkages, building wealth by fostering the formation of new ventures, among others. The chapter concludes that institutions for entrepreneurship development need to shift their tents to cover major areas of technological revolution, particularly technological incubation to promote entrepreneurship development in Industry 4.0.
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