IDEAS home Printed from https://ideas.repec.org/a/ags/naaenj/267887.html

Economic Assessment of the Effect of the Nigerian Technology Incubation Programme on Agro-allied Small and Medium Scale Enterprises

Author

Listed:
  • Ayinde, I. A.
  • Kareem, R. O.
  • Lasisi, K.

Abstract

The focus of the study was to analyse the performance of Technology Incubation Centres (TIC) on the Agro-allied industry. Total enumeration technique was used to select forty entrepreneurs from the three existing TICs covered by the study. Survey method through administration of structured questionnaire was adopted by the study. The data collected include monthly turnover, net worth before joining the TIC and the net worth after. The data were analysed using descriptive statistics, student T-test and OLS regression analysis. The study revealed that the mean age of incubatees was 52 years. Most (85.0%) of them were males while all of them were educated. Also, 60.00% of the entrepreneurs were involved in agro-allied food processing while 22.5% and 17.50% produced consumer goods and simple manufacturing equipment, respectively. Regression results indicate that number of skilled labour (p<0.01) and educational background of incubatees (p<0.05) significantly influenced the net worth of the agro-allied SMEs in TIC. Major challenges of the respondents were funding, technical know-how and certification of their products. The study concluded that TIC is a worthwhile policy intervention for SMEs agro-allied business. The study recommended that incorporation of more educated entrepreneurs would improve agro-allied SMEs productivity among others, and stimulate the activities of TIC.

Suggested Citation

  • Ayinde, I. A. & Kareem, R. O. & Lasisi, K., 2014. "Economic Assessment of the Effect of the Nigerian Technology Incubation Programme on Agro-allied Small and Medium Scale Enterprises," Nigerian Journal of Agricultural Economics, Nigerian Journal of Agricultural Economics, vol. 4(01).
    • Handle: RePEc:ags:naaenj:267887
    DOI: 10.22004/ag.econ.267887
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/267887/files/Economic%20Assessment%20of%20the%20Effect%20of%20the%20Nigerian%20Technology%20Incubation%20Programme.pdf
    Download Restriction: no
    File URL: https://ageconsearch.umn.edu/record/267887/files/Economic%20Assessment%20of%20the%20Effect%20of%20the%20Nigerian%20Technology%20Incubation%20Programme.pdf?subformat=pdfa
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.267887?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bronwyn Hall & Alessandro Maffioli, 2008. "Evaluating the impact of technology development funds in emerging economies: evidence from Latin America," The European Journal of Development Research, Taylor and Francis Journals, vol. 20(2), pages 172-198.
    2. Veronica González & Pablo Ibarrarán & Alessandro Maffioli & Sandra Rozo, 2009. "The Impact of Technology Adoption on Agricultural Productivity: The Case of the Dominican Republic," OVE Working Papers 0509, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
    3. Verónica M. Gonzalez Diez & Pablo Ibarrarán & Alessandro Maffioli & Sandra Rozo, 2009. "The Impact of Technology Adoption on Agricultural Productivity: The Case of the Dominican Republic," IDB Publications (Working Papers) 25938, Inter-American Development Bank.
    4. Bronwyn Hall & Alessandro Maffioli, 2008. "Evaluating the impact of technology development funds in emerging economies: evidence from Latin America," The European Journal of Development Research, Taylor and Francis Journals, vol. 20(2), pages 172-198.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fernando Lopez & Alessandro Maffioli, 2008. "Technology Adoption, Productivity and Specialization of Uruguayan Breeders: Evidence from an Impact Evaluation," OVE Working Papers 0708, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
    2. Dirk Czarnitzki & Malte Prüfer, 2024. "The Interplay between Public Procurement of Innovation and R&D Grants: Empirical Evidence from Belgium," Working Papers of ECOOM - Centre for Research and Development Monitoring 746875, KU Leuven, Faculty of Economics and Business (FEB), ECOOM - Centre for Research and Development Monitoring.
    3. Fernandez, Viviana, 2017. "The finance of innovation in Latin America," International Review of Financial Analysis, Elsevier, vol. 53(C), pages 37-47.
    4. Beom Cheol Cin & Young Jun Kim & Nicholas S. Vonortas, 2017. "The impact of public R&D subsidy on small firm productivity: evidence from Korean SMEs," Small Business Economics, Springer, vol. 48(2), pages 345-360, February.
    5. Hottenrott, Hanna & Lopes-Bento, Cindy & Veugelers, Reinhilde, 2014. "Direct and cross-scheme effects in a research and development subsidy program," ZEW Discussion Papers 14-107, ZEW - Leibniz Centre for European Economic Research.
    6. Antonioli,Davide & Marzucchi,Alberto & Montresor,Sandro, 2012. "Regional innovation policy and innovative behaviours. A propensity score matching evaluation," INGENIO (CSIC-UPV) Working Paper Series 201205, INGENIO (CSIC-UPV).
    7. Adam Jaffe & Trinh Le, 2015. "The impact of R&D subsidy on innovation: a study of New Zealand firms," Motu Working Papers 15_08, Motu Economic and Public Policy Research.
    8. Klette, Tor Jakob & Møen, Jarle, 2011. "R&D investment responses to R&D subsidies: A theoretical analysis and a microeconometric study," Discussion Papers 2011/15, Norwegian School of Economics, Department of Business and Management Science.
    9. Haiyan Wang & Yasinjan Sawur, 2022. "The Relationships between Government Subsidies, Innovation Input, and Innovation Output: Evidence from the New Generation of Information Technology Industry in China," Sustainability, MDPI, vol. 14(21), pages 1-22, October.
    10. Crespi, Gustavo & Figal Garone, Lucas & Maffioli, Alessandro & Stein, Ernesto, 2020. "Public support to R&D, productivity, and spillover effects: Firm-level evidence from Chile," World Development, Elsevier, vol. 130(C).
    11. Jan Cadil & Karel Mirosnik & Ludmila Petkovova & Michal Mirvald, 2018. "Public Support of Private R&D–Effects on Economic Sustainability," Sustainability, MDPI, vol. 10(12), pages 1-14, December.
    12. Li, Junbao & Shi, Zhanzhong & He, Chengying & Lv, Chengshuang, 2023. "Peer effects on corporate R&D investment policies: A spatial panel model approach," Journal of Business Research, Elsevier, vol. 158(C).
    13. Wim Naudé, 2011. "Foreign Aid for Innovation: The Missing Ingredient in Private Sector Development?," Working Papers 2011/35, Maastricht School of Management.
    14. Ibarrarán, Pablo & Maffioli, Alessandro & Stucchi, Rodolfo, 2009. "SME Policy and Firms’ Productivity in Latin America," IZA Discussion Papers 4486, IZA Network @ LISER.
    15. LOPES BENTO Cindy & CZARNITZKI Dirk, 2012. "Value for money? New microeconomic evidence on public R&D grants in Flanders," LISER Working Paper Series 2012-19, Luxembourg Institute of Socio-Economic Research (LISER).
    16. Kiman Kim & Sang Ok Choi & Sooyeon Lee, 2021. "The Effect of a Financial Support on Firm Innovation Collaboration and Output: Does Policy Work on the Diverse Nature of Firm Innovation?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(2), pages 645-675, June.
    17. Mairesse, Jacques & Mohnen, Pierre, 2010. "Using Innovation Surveys for Econometric Analysis," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 1129-1155, Elsevier.
    18. Lucas Figal Garone & Alessandro Maffioli & Joao Negri & Cesar Rodriguez & Gonzalo Vázquez-Baré, 2015. "Cluster development policy, SME’s performance, and spillovers: evidence from Brazil," Small Business Economics, Springer, vol. 44(4), pages 925-948, April.
    19. Colombo, Massimo G. & Croce, Annalisa & Guerini, Massimiliano, 2013. "The effect of public subsidies on firms’ investment–cash flow sensitivity: Transient or persistent?," Research Policy, Elsevier, vol. 42(9), pages 1605-1623.
    20. Dezhina, I. & Simachev, Yu., 2013. "Matching Grants for Stimulating Partnerships between Companies and Universities in Innovation Area: Initial Effects in Russia," Journal of the New Economic Association, New Economic Association, vol. 19(3), pages 99-122.

    More about this item

    Keywords

    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:naaenj:267887. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/naaeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.