Technology Business Incubation as Strategy for SME Development: How Far, How Well in Nigeria?

SMEs form sizeable proportion of enterprises of most developed and rapidly developing countries because of their contribution to GDP, employment and socio-economic development. Given their limitations of size and resources, SMEs need special attention and assistance to survive and compete in the global market place. Technology Business Incubation (TBI) therefore becomes a constructive intervention process to establish a positive environment that can nurture technology-based SMEs for sustainable development. The success of TBI depends on how the incubators are designed and managed. This paper discusses some of the challenges facing TBIs in Nigeria followed by requisite policy measures to resolving them.