EFFECT of TECHNOLOGICAL INNOVATION on the GROWTH of SMALL ENTERPRISES, a Study of SMALL SCALE COIR MILLS in PUTTALAM DISTRICT in SRI LANKA

Abstract

The prime aim of this research study is to identify the impact of Technological innovation (Technopreneurship) on the Small Enterprises growth. The study primarily contemplates on four types of technological innovations based on Machine Technology, Computerized Operations, Mobile Technologies and Other Communication Media Technologies of Small scale coir mills in Puttalam district of Sri Lanka. Results depict, the growth of these four types of technologies based innovation (Technopreneurship) lead for enterprise growth. Moreover, it explains that higher(up to date) the extents of these technologies, higher the positive contribution for technological innovation performance. Inadequate finance, lack of the knowledge are identified as the main reasons for the lower orientation of small scale coir mills on technology based innovation performance. To promote technology based more value addition small scale coir mills in Sri Lanka, emphasis on „Technopreneurship‟ is essential where there is a requirement of coir industry and SEs category aspects specific Business Incubator (BI) model in Sri Lanka.