Role of Innovation and Technology in Entrepreneurship Development (KEY IJP************082)

• Mr Kishore Kumar V R, Ms Infanta Regi

Abstract

Innovation and technology play a crucial role in the development and sustainability of entrepreneurial ventures. This study examines the internal, external, and societal factors influencing entrepreneurship development, with a focus on visionary leadership, access to funding, and education programs. Findings indicate that visionary leadership drives technological adoption, while access to funding remains a critical barrier to implementing innovative technologies. Additionally, education and training programs enhance entrepreneurial skills, but their effectiveness varies based on availability and societal attitudes toward risk-taking. By analysing these factors, this study provides a framework for integrating innovation and technology into entrepreneurship for long-term success.