Performance of Technology Incubation Policy and Programme in Nigeria, 2014-2018

For many developing countries, entrepreneurship has been a powerful engine of economic growth and industrialization. It also has several multiplier effects on the economy, spurs innovation, and fosters investment in people, which is a better source of competitive advantage than other natural resources, which can be depleted. Entrepreneurs create new enterprises, new commercial activities, and new economic sectors. They generate jobs for others; they produce goods and services for society; they introduce new technologies and improve or lower cost outputs; and earning. The establishment of Technology Incubation Centres (TICs) has assisted budding entrepreneurs in the development of new technology-based firms both start-up and fledglings by way of effectively linking talent, technology, capital and know-how to leverage entrepreneurial talent in order to accelerate development of new companies and speedy commercialization of R&D and innovation in Nigeria. This paper draws the attention of government and other stakeholders to Technology Incubation Programme to fund and contribute greatly to the technological development of Nigerian by way of promoting technological entrepreneurship, eradicating poverty through wealth creation, enhancing Nigeria's technological capability and ultimately reducing her reliance on mono-Crude oil economy. The paper has also assessed the performance of the programme in Nigeria since its establishment, in addition to proffering some solutions to the problems being faced by the programme.