Evolution of Technology Business Incubation: Process and Progress in Indian Scenario

Abstract

Technology and skill are believed to be the two important factors of national economies which pave way towards their evolutionary terminus. Technology Business Incubators (TBIs) are attractive to successful ventures because of their higher capacity for creating employment and wealth specifically in the developing economy. Since new initiatives through technologies are encouraged in R&D Institutions/Academic Institutions that ensures the use of skill and facilities. These initiatives are called by the name Technology Business Incubators (TBIs). The background undertaken for the study is based on the technology development process involved in developing economies and its success towards the country.