The Scope of Academic Institutions in Spawning New-Age Technologies for Building Young Entrepreneurial Society

In this technocratic world, entrepreneurial society is derived out of some form of technology or the other. The technology could be a broad based one and could comprise of low-end user- high technology, or conversely high-end user-low technology. The new-age technologies like the computer technology, information and biotechnology have had a spurt of great entrepreneurialship and the modern society can be described, at best, as an integral part of this technology. Simple electronic gadgets have revolutionized the job structure and potential entrepreneurial skills. This has made tremendous impact on developing great skills and tools to mobilize the technologies for the common man. It is foreseen that the new-age entrepreneur will be able to run business even from his home regardless of the volume of business, in general. This is where the role of the academic institutions comes into great focus. It is the duty of the academicians to unearth innovative ideas and to impart quality training in newer technologies so that the young and confident entrepreneur blossoms out of the institute to venture into a sound business environment. There are several areas where the academic institutions can play an important part in developing cutting edge and innovative technologies and imparting training in software development tools and industry-centric commercial soft wares. Thus it can be concluded that the role of technology in building up entrepreneurial skills of the future entrepreneurial society from academic institutions requires careful consideration. This paper focuses on these issues in detail with several case studies to illustrate the role of academic institutions in building young entrepreneurial society using new-age technologies.