Factors Affecting Technological Entrepreneurship and Innovation in Small and Medium Enterprises (SMEs) and its Role in Countries' Economic Development

Abstract

Technological innovation system aimed at improving the analysis of innovation systems has been developed. The main idea of this system is the only determinant factor of technological changes cannot be found in individual companies or research institutes, but also in a wide social structure which comprises companies and knowledge institutes are embedded there. Small and medium industries implement innovative activities in response to two factors including limited economic growth and changeable business environment. This study is aimed to investigate technological entrepreneurship and innovation in small and medium industries and its role in the economic development of countries. The research is practical and uses the survey method. In order to analyze the data, Friedman test is used. The statistical population consists of 50 employees of small industries and 49 employees of medium ones. The data were collected through questionnaires including Innovation and occupational Initiative of Martin Pachmn and entrepreneurship questionnaires of Marguerite Hill with Cronbach’s alpha 0.702 and 0.776 respectively. It is hoped that the development of innovation and knowledge will lead to the development of entrepreneurship and eventually economic development.