SUBSTANTIVE INCUBATION FOR GROWTH AND ITS ICT IMPACT ON MSME'S

Abstract

A business incubator gives assistance to the startups for decreasing the high failure rate. It provides clustering opportunities, business support services, networking opportunities and incubator space to accelerate and systemize the creation process of successful enterprises. It generates new business steady flow with above wealth creation potential and average job. The main objective of this paper is to permit substantive incubation for the development and its impingements on Micro Small and Medium Enterprises (MSME). An ICT incubator provides training to 100 MSME. It gives technical help, consultation and guidance to entrepreneurs. Training is carried out in two stages for MSME; Pre-Incubation and Post Incubation. The functioning of 100MSME in pre-incubation stage is compared with the post-incubation stage. The comparison shows that training, connectivity, finance, infrastructure and business service in post-incubation stage is efficient than pre-incubation stage.