A COMPREHENSIVE REVEAL: THE ROLE OF SCIENCE & TECHNOLOGY ENTREPRENEURSHIP PARKS [STEP] AROUND THE GLOBE TO SHUT DOWN THE UNEMPLOYMENT RATE AND FLOURISH THE ECONOMIC RATE

Author (s) : V. Selvambika, P. Rajeshwari, V.S.Bharathipriya, M.Keerthana

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Abstract :
This empirical study investigates the role of Science & Technology Entrepreneurship Parks (STEP) around the world in the creation of entrepreneurs for new businesses The almighty has created the world There is no overstatement; Science & Technology has created the opportunity to survive in this world The exponential growth of population leads to an employability rate high. Thus go ahead poor economic rate. STEP designed to promote knowledge flows in the business sectors which stimulate nation's economic growth. The milestone of STEP is to construct the opportunities of technology based business enterprises and development of entrepreneurship. The rapid paces of improvements in the field of science and technology are likewise driving towards a new class of knowledge entrepreneurs and knowledge/innovation driven enterprises, which are being recognized as an important factor for the financial development of countries and a source of value-added employment generation [7]. The establishment of STP is employed as a vital strategy for developing high-tech. industries in many countries. Further we discuss how the nation's economic growth flourishes by the role of most promising STEP, Incubators and accelerators in various countries. The paper overviews actively functioning STEP located in different countries and reveals that improved attention of STEP making more entrepreneurs in the locale.

Keywords : Science & Technology, Unemployment Rate

Conference Date : 13/11/2020

Pages : 91

Paper ID : 20091