Enabling Innovative Entrepreneurship through Business Incubation

Mohsen A Khalil and Ellen Olafsen
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Mohsen A Khalil: Global Information and Communication Technologies Department, World Bank Group
Ellen Olafsen: infoDev, Global Information and Communication Technologies Department, World Bank Group

Chapter Chapter 2.1 in The Innovation for Development Report 2009–2010, 2010, pp 69-84 from Palgrave Macmillan

Abstract: Abstract A country’s primary socioeconomic goal is to improve the quality of life of its citizens. The competitiveness of the economy must be raised, opportunities that empower people to earn sustainable incomes must be created, and problems affecting the population, such as disease and environmental degradation must be alleviated. In pursuing this mission, a country’s ability to reformulate the traditional model of economic growth is essential, so that knowledge, technology, entrepreneurship, and innovation are positioned at the center of its development agenda. Innovation, in particular, triggers a virtuous development circle that unleashes human ingenuity to develop and deliver products and services that are needed by the population and increase enterprise competitiveness, while simultaneously creating sustainable incomes and tax revenues that can be reinvested for social and economic gains.

Keywords: Cochlear Implant; Global Entrepreneurship Monitor; Annual Turnover; Entrepreneurship Ecosystem; Business Incubator (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230285477_2

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