The Role of Technology Entrepreneurship in Higher Education Sector of Developing Countries: A Case Study of Pakistan

Abstract

In modern theories of growth and development, technological innovation has taken the focus stage and such innovations are commercialized by technology entrepreneurs. Colleges and universities are investing heavily in the development of their student’s entrepreneurial skills and have tremendous impact on innovation and entrepreneurial development. Universities today equally function as an important driving force to enhance economic value by creation of networks with innovators across a region through their incubators and scientific and technology parks. In developed countries many entrepreneurs start up their companies at their universities but in developing countries there are so many challenges yet to be faced by new starts up. Technology entrepreneurship in education basically explores how technology entrepreneurs are applying business practices or technology innovations to transform education to lead to higher performance. As higher education industry is changing radically and that transformation is worth for commercial benefits of businesses and also for innovative startups. Today the presence of colleges and universities are not only meant to be the gatekeeper of knowledge and information instead various innovators are in flowing as entrepreneurs in education industry. This study will explore that in what ways technology entrepreneurship is facilitating the educator sector of the emerging economies specifically in Pakistan.

Keywords: Technology entrepreneurship, High Education Sector, Developing economies, Business Incubation Centers.