Abstract:
With the emergence of knowledge-driven economy, entrepreneurial
process turned out to be technology driven (Malerba, 2010). Drastic
reduction in lifecycle of technologies, turbulence, and uncertainty
forced entrepreneur to develop newer strategies. The requirement
to stay competitive and survive the rapid technological changes
led to the emergence of competition to develop or acquire newer
technologies. Thus, the traditional entrepreneurship theory driven
by market evolved to a newer knowledge-driven and technology
intensive theory of entrepreneurship.
Technology entrepreneurship needs to be critically defined and
distinguished from mainstream entrepreneurship. It involves rigorous
experimentation, catering to the nascent markets through novel products.
The development of such technology-based innovations is largely affected
by the support system around them which includes institutional setups.
With the regional innovation surveys in place, role of innovation
ecosystem in supporting technology entrepreneurship has been well
documented and validated (EIS, 2017). OECD (2010) has indicated
various parameters which are crucial in enabling technology-driven
entrepreneurship. Several studies imply that a competitive ecosystem
equipped with technological and financial resources supported by
mentors is an ideal scenario to accelerate technology entrepreneurship
(NBIA, 2007; Hackett and Dilts, 2004; Grimaldi and Grandi, 2007;
Aernoudt, 2004).
The purpose of this study is to examine the impact of various nodal
institutions through the role they play in supporting growth of their
incubatee ventures. The study also aims to capture the need of
handholding for startups as well as the government policy initiatives promoting technology business development. The researchers of this
study try to validate the performance indicators of business incubation
process derived from the literature reviewed, which can be used in
Indian scenario.
