Technology Based Entrepreneurship Financing. Lessons for Nigeria

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dc.contributor.authorAJAGBE, Musibau Akintunde
dc.contributor.authorOLUJOBI, Joshua Olusola
dc.contributor.authorUDUIMOH, Anthony Akwawa
dc.contributor.authorOKOYE, Lawrence Uchenna
dc.contributor.authorOKE, Adunola Oluremi
dc.date.accessioned2021-07-30T09:07:57Z
dc.date.available2021-07-30T09:07:57Z
dc.date.issued2016
dc.descriptionStaff Publicationen_US
dc.description.abstractTechnology entrepreneurship is a form of business leadership based on the process of recognizing high-potential, technology-intensive business opportunities, gathering resources such as talent and cash, and managing rapid growth using principled, real-time decision making skills. Technology based entrepreneurial firms account for a substantial number of essential inventions and innovations in successful countries. Such firms have become an integral part of the development of the global and regional economy. However, they are often characterized by the paradigms liability of newness and resource poverty, coupled with suffering from inadequate technical and marketing know-how, inexperience management, inability to discover initial financing and huge overheads. In view of this, startups in the technology sector encounter the problem of sourcing technical and financial resources and commercialization capabilities required to take their products to market. This study adopts a secondary approach to research methodology through the review of existing articles in this domain of investigation. Articles are sourced from conference and journal papers from reputable database, internet sources, brochures and newspapers. This study concludes that investment and financial decisions play an increasing vital role in economic growth and entrepreneurial new venture creation. Hence, investment and financial policies are part of the main operational resolutions in emerging nations to support investment by domestic firms, particularly technology entrepreneurial firms. Hence, policy makers in Nigeria and other developing countries could evolve ambitious policy framework aimed at developing the equity financing sector through venture capital, particularly for technology entrepreneurs. Also they could build substantial amount of skilled and experienced venture capitalists to identify high potential investments opportunities and be able to nurture and support them to an exit.en_US
dc.identifier.issn2308-0337
dc.identifier.uriDOI: 10.6007/IJARAFMS/v6-i1/2009
dc.identifier.urihttp://repository.elizadeuniversity.edu.ng/handle/20.500.12398/1203
dc.language.isoenen_US
dc.publisherInternational Journal of Academic Research in Accounting, Finance and Management Sciencesen_US
dc.subjectVenture capital firms,en_US
dc.subjecttechnology entrepreneurship,en_US
dc.subjectfinancing,en_US
dc.subjectNigeriaen_US
dc.titleTechnology Based Entrepreneurship Financing. Lessons for Nigeriaen_US
dc.typeArticleen_US
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