Technology incubators and institutional development

Abstract

Globally, technology business incubator (TBI) has become a growing initiative to promote the entrepreneurship. Recently TBIs has gained significant attention from research scholars and play a vital role to facilitate the development of entrepreneurial society. The institutions are established and leadership is groomed via entrepreneurial society. Moreover, entrepreneurial culture encourages the entrepreneurial society for economic development, innovation, technology competitiveness and sustainable job creation. A government backed TBI, Plan9, is presented to highlight the significance towards developing an entrepreneurial society in a developing country context, Pakistan. Plan9 has introduced unique practices with a broad vision for a sustainable entrepreneurial growth. University industry linkages are created, entrepreneurial education and training programs for social awareness are operationalized, innovative ideas are encouraged and financial innovation without equity share and funding support are designated. This paper presents a comprehensive spotlight over the dynamic capabilities and entrepreneurial culture of plan9. Furthermore plan9 is encouraging to promote entrepreneurial society, institutional development and leadership. Lastly this research recommends that the other TBIs should be initiated by the collaboration of government and private sector to nurture the entrepreneurial society.