NEXUS BETWEEN TECHNOLOGICAL INCUBATION ON SMALL BUSINESS PERFORMANCE - A STUDY OF SELECTED SMEs IN ILORIN

Abstract

Technological incubation has become a global phenomenon as its practice is increasing across the globe. In the United State and the adoption of technological incubation plays a key supportive role for businesses and have continued to grow in many other countries. The study aimed at investigating the relationship of technological incubation on small business performance in Ilorin, Kwara State. A survey and quantitative research method was used in the study. A purposive sampling technique was adopted in selecting a total of one hundred and eighty-four (184) respondents as samples for the study, while relevant data were gathered with the aid of a structured questionnaire. There were 165 respondents out of a total number of 184 staff in the selected organizations (selected SMEs). A hypothesis was formulated, and the descriptive and inferential statistical tool was used to analyze the data. Specifically, correlation analysis was used to examine the extent of the relationship between technological incubation dimensions and organizational performance. The study, however, revealed that the type of technological incubation was one of the major reasons for the organization’s success. Finally, technological incubation was found to be a very important key factor for the growth and survival of small-scale businesses in Ilorin.