techinovations

Intellective Computing TECHNOLOGICAL, INNOVATION AND ENTREPRENEURSHIP Three interrelated forces are dramatically changing the global economic landscape today: technological progress, entrepreneurship and competitive markets. The main constraints to innovation are: mind-set, money, management and market. Plus the message, that is, the information flows necessary for sourcing technology and other inputs. Exposure to the harsh forces of world markets is the discipline that countries and businesses need to become and stay competitive. The industrial based economy has given way to a post-industrial order in which the Internet is a crucial platform for commerce and communications. Right now, there is too much focus on numbers of patents and startups without determining which products make it to the marketplace and what type of social and economic impact they have. Building an Educated and Innovative Workforce, and Reducing Bottlenecks in the Dissemination and Comm...

Building an Innovation-Based Economy In this age of exponential technology development and relentless globalization, innovation and entrepreneurship have become the prime drivers of economic growth. Measures to build an innovation-based economy,  One such measure is the establishment of technology business incubators to nurture nascent ventures by providing focused counselling and facilitation services together with smart workspace. Technological innovation is the process that drives a concept towards a marketable product or service. It Contributes towards raising productivity and competitiveness — the engines of economic growth. Competitiveness is the state achieved at enterprises by wise decisions on the use of factor endowments, within an environment of supportive policies, sound infrastructure and domestic/international rivalry.