| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 3 |
NO. 2 |
PAPER 10 |
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ROLE OF INCUBATORS AND VENTURE CAPITAL IN ENTREPRENEURIAL DEVELOPMENT |
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| V.Sujatha |
| Principal, Cauvery College for Women, Tiruchirappalli, Tamil Nadu, India |
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| Entrepreneur plays a vital role in the economic development. An entrepreneur is a person who innovates and takes risk for his existence. Market economy can be developed only through facilitating innovations and nurturing entrepreneurship. Innovations and entrepreneurship are inseparable. Business Incubators are useful as a vehicle to carry forward the business idea. Business Incubator is a consulting firm on one side and a non-financial collaborator with the entrepreneur to develop and launch a new product in the market on the other side. It also provides coaching in management, administration, marketing and intellectual property rights and other legal matters. Venture capitalists are the individuals, families and partnership firm and even public limited companies that should invest and should have space to participate in the management, not to control the firm but to lend a helping hand till it matures. |
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