Fostering Technological Entrepreneurship for Socioeconomic Development: A Case for Technology Incubation in Bayelsa State, Nigeria

Bubou, Gordon Monday; Okrigwe, Festa Ndutimi

doi:10.5539/jsd.v4n6p138

Cited by 16 publications

(16 citation statements)

References 18 publications

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“…This result is also in consonance with works of numerous scholars (Al-Mubaraki and Busler, 2010;Bergek and Norrman, 2008;Bubou and Okrigwe, 2011;Lesákova, 2012) who asserted that business incubators provide a conducive environment for new firms to thrive through an array of resources and services being offered to them.…”

Section: Results and Analysis Of Empirical Findingssupporting

confidence: 71%

Beyond entrepreneurship education: business incubation and entrepreneurial capabilities

Ikebuaku

Dinbabo

2018

JEEE

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Purpose -As a way of dealing with Nigeria's macroeconomic challenge of unemployment and its concomitant socio-economic problems, the federal government, in 2006, made entrepreneurship study a compulsory course for all higher education students irrespective of their area of specialization. However, studies have shown that the programme is yet to achieve its goals as many Nigerian graduates still remain unemployed long after graduation. Using Sen's capability approach, this paper aims to investigate business incubation as an effective tool for enhancing entrepreneurial capabilities beyond entrepreneurship education. Design/methodology/approach -This study has engaged both quantitative (survey questionnaire) and qualitative methodologies (semi-structured interview). Findings -The result shows that through business incubation, budding entrepreneurs have increased access to infrastructures and resources necessary for entrepreneurial success, thereby enhancing their real opportunities (capabilities) for success. Practical implications -For greater effectiveness, business incubation should be integrated into the current entrepreneurship education programme in Nigeria. Originality/value -This study is a debut of research endeavours which theoretically assess entrepreneurship programmes via the capability approach lens. It has developed a conceptual model for assessing business incubation using the capability approach.

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Section: Results and Analysis Of Empirical Findingssupporting

confidence: 71%

Beyond entrepreneurship education: business incubation and entrepreneurial capabilities

Ikebuaku

Dinbabo

2018

JEEE

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“…The result of the foregoing scenario is low capacity for wealth creation and increase levels of unemployment. However, there is compelling evidence that entrepreneurship and innovation are the twin pillars of socioeconomic development in this modern era [53] .…”

Section: Smes Performance and Government Support Strategy In Nigeriamentioning

confidence: 99%

Performance of sme firm in nigeria: malaysia experience

Eniola

Entebang

2016

J.M.S

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Malaysia and Nigeria fall within the paradigm of developing countries seeking greater economic competitiveness in a global business environment. Both have developed policy framework and implemented strategic plans for the development of small and medium scale enterprises (SMEs) as an indispensable part of economic growth, employment creation and economic transformation towards evolving into an advanced nation by the year 2020.Malaysia through SME has moved from efficiency-driven to innovation-driven economy through effective mechanisms. While Nigeria SMEs is still facing tremendous challenges andthreats in achieving economic transformation, despite the strategic policies, institutional framework sets as a priority by the Nigerian Government in ensuring SMEs performance This paper focuses on how Nigeria can learn from Malaysia experience in enhancing SMEs growth for economic transformation and government support through the blend of technology expertise and entrepreneurial skills. This is essentially a general review paper using a descriptive method for the assessment of the Government’s support to SMEs performance focusing on sources of financing and technological programs that have been put through for economic transformation. Following assessment, Malaysia duplications of SME success can be sought from Nigeria in achieving his economic blueprints of vision 20: 2020. This will be proposed as a guide for policy makers in Nigeria and for the people in helping and encouraging SMEs and youths by creating enabling and conducive environment to execute.

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“…In some instances, business incubation offers management assistance, mentoring access to finance flexible and lowcost leases, office services and subsequently promotion of development of new and qualified SMEs (Gwiza and Hamauswa, 2015). The general benefits of business incubation include but not limited to high economic growth, creation of employment opportunities, reduction of poverty, and the promotion of innovation and entrepreneurship spirit (Bubou and Okrigwe, 2011). In light of this, adopting this strategy will go a long way to assist the existing beekeeping SMEs as well as setting a firm foundation for the development and growth of the future enterprises.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

“…The concept of business incubation is being implemented in countries such as United States of America (USA), Japan, China, Nigeria, South Africa and Uganda (Bubou and Okrigwe, 2011). These countries adopted business incubation to help SMEs to ward off business tides associated with start-up period.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

“…The services offered by incubators can be regarded as remedies for set setbacks that SMEs encounter during their growth process. It is because of the challenges that the SMEs face during their formative stages that developed and some developing countries have introduced the concept of business incubation.The concept of business incubation is being implemented in countries such as United States of America (USA), Japan, China, Nigeria, South Africa and Uganda (Bubou and Okrigwe, 2011). These countries adopted business incubation to help SMEs to ward off business tides associated with start-up period.…”

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confidence: 99%

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Promoting micro, small and medium enterprises in beekeeping in Zambias Central Province: Making a case for the adoption of business incubation strategy

Shakespear¹,

Mulenga²,

Shula³

et al. 2017

Afr. J. Agric. Res.

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Beekeeping has been a thriving enterprise among farmers in selected parts of Zambia. However, despite its enormous potential for transforming rural communities and through income generation, the beekeeping sector has experienced stunted growth for many years (or has not experienced meaningful growth for many years). Therefore, this study investigates the nature of beekeeping in selected parts of Zambia's Central Province in order to identify the challenges being faced and the possibility of establishing a business incubation centre at Mulungushi University if the current supporting facilities are not optimal. The study reveals that there is a growing interest among the farmers to venture into beekeeping and the majority regard it as an alternative venture for income generation. Although, the production levels are not high as expected, there is great room for growth if the current setbacks are dealt with. The main challenges cited include inadequate financial support; lack of markets, charcoal burning, land conflicts, water challenges, knew knowledge and modern technology among others. The main recommendation of this study if for Mulungushi University to establish a business incubation centre to act as a conduit for support an exchange of knowledge with the beekeepers. The beekeepers also need sustained financial and material support from the government and cooperating partners. Lastly, there is need for the key stakeholders to converged and put their efforts together.Key words: Capacity building, beekeeping, Central Province, Zambia, business incubation. INTRODUCTIONThe beekeeping sector is made up of various players who include beekeepers, honey processing firms, individual sellers, bulk buyers and individual buyers. The beekeepers can be categorized into two categories wild *Corresponding author. E-mail: shamauswa@gmail.com. honey gatherers, and individual beekeepers (IUCN, 2015). Generally, the beekeeping industry in Zambia operates on a small-scale basis and thus most entities in this industry can be categorised as micro, small and medium enterprises (MSMEs). World over, MSMEs play a critical role in employment creation, poverty reduction and economic development. Beekeeping provides an array of opportunities for economic growth through alleviation of poverty, bringing in the much needed foreign currency in the country as well as creating a framework for forestry management (Nyatsande et al., 2014) and climate change adaptation. Beekeeping can also create vital linkages with other sectors of the economy, yet the reality on the ground is that little attention is being made to promote the viability of the sector. It can be noted that beekeeping in most parts of Zambia's Central province had remained at low level, in comparison to North-Western Province, with majority of farmers using traditional methods (Mickels-Kokwe, 2006). In general, beekeepers are lacking capacity to expand their activities. It is against this backdrop that this study sets out to investigate the factors inhibiting its growth and viabilit...

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Fostering Technological Entrepreneurship for Socioeconomic Development: A Case for Technology Incubation in Bayelsa State, Nigeria

Cited by 16 publications

References 18 publications

Beyond entrepreneurship education: business incubation and entrepreneurial capabilities

Beyond entrepreneurship education: business incubation and entrepreneurial capabilities

Performance of sme firm in nigeria: malaysia experience

Promoting micro, small and medium enterprises in beekeeping in Zambias Central Province: Making a case for the adoption of business incubation strategy

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