Journal of Small Business and Entrepreneurship Development

Appraisal of Technology Incubation Centres in South West Nigeria
Dr. Olufemi Aladejebi, Dr. Johnson Abiodun Oladimeji

Abstract
Technology Incubation Centres (TICs) are part of efforts to galvanize and stimulate firms involved in emerging technologies to enhance economic development. The paper appraised the performance of TICs in South West Nigeria against the goals set by the Nigerian Technology Incubation Centres Board. Descriptive survey research method using 106 questionnaires distributed across the six states in the South West, Nigeria, was adopted for the analysis. Findings show that TICs have only performed well in terms of provision of working space and physical safety and security of firms in the centers while access to seed capital, access to funds for business growth, and internet services have been a bane to TICs effectiveness. The study recommended regular audits and close monitoring of the TICs to enable them to have positive impacts on SMEs and achieve the purpose for which they were set up. Funding for SME firms in emerging technologies should be channeled through the TICs, while internet-enabled facilities should be provided at the TICs to enhance entrepreneurial performance and effectiveness.

Full Text: PDF     DOI: 10.15640/jsbed.v8n1a4