Incubation centres and the economy
Opinion
April 23, 2021
The global economy has experienced numerous changes, ranging from technological advancements, unique innovations, globalization, etc. This has led to the need to improve the levels of business or entrepreneurship skills which plays a vital role in the development of the economy, globally.
The business incubation centers aim to create an environment that is conducive to help the growth of small businesses. Its major objective is to build up, maintain and develop these businesses by supporting them with the necessary assistance in innovation, technically and financially.
However, incubation is a sure way of assisting local entrepreneurs who have creative ideas about entrepreneurship but lack sufficient funding to start their businesses. The incubators have proven to be a sure way of boosting economic development. This practice started in the United Kingdom in the 1970s.
Incubation centres and the economy
Opinion
April 23, 2021
The global economy has experienced numerous changes, ranging from technological advancements, unique innovations, globalization, etc. This has led to the need to improve the levels of business or entrepreneurship skills which plays a vital role in the development of the economy, globally.
The business incubation centers aim to create an environment that is conducive to help the growth of small businesses. Its major objective is to build up, maintain and develop these businesses by supporting them with the necessary assistance in innovation, technically and financially.
However, incubation is a sure way of assisting local entrepreneurs who have creative ideas about entrepreneurship but lack sufficient funding to start their businesses. The incubators have proven to be a sure way of boosting economic development. This practice started in the United Kingdom in the 1970s.