Technology Incubator and Entrepreneurship Development

2020 ◽  
pp. 286-304
Author(s):  
Saidi Adedeji Adelekan ◽  
Benneth Uchenna Eze
Keyword(s):  
Experiential Learning ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
New Ventures ◽  
Technological Revolution ◽  
Entrepreneurship Development ◽  
Fast Tracking ◽  
Fourth Industrial Revolution ◽  
Technology Incubator ◽  
Concepts Of Technology

The importance of technology in advancing experiential learning and building entrepreneurs that can withstand the challenges and explore the opportunities in the fourth industrial revolution are enormous. The chapter adopted a literature review approach to establish the link between technology incubator and entrepreneurship development. The concepts of technology incubator and entrepreneurship development as well as other related concepts were extensively discussed. It identifies the need for adequate investments toward tech entrepreneurship development and tech-savvy for the future through technology incubation programmes. Such programmes set to aid innovativeness, creating jobs, fast-tracking research to industry linkages, building wealth by fostering the formation of new ventures, among others. The chapter concludes that institutions for entrepreneurship development need to shift their tents to cover major areas of technological revolution, particularly technological incubation to promote entrepreneurship development in Industry 4.0.

IMPACT OF THE FOURTH INDUSTRIAL REVOLUTION

2018 ◽  
Author(s):  
Swikriti Sheela Nath
Keyword(s):  
Artificial Intelligence ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Human Life ◽  
Industrie 4.0 ◽  
Consumption Patterns ◽  
Human Beings ◽  
Technological Revolution ◽  
Fourth Industrial Revolution ◽  
Healthcare It

The Fourth Industrial Revolution, finally, will change not only what we do but also who we are. It will affect our identity and all the issues associated with it: our sense of privacy, our notions of ownership, our consumption patterns, the time we devote to work and leisure, and how we developour careers, cultivate our skills, meet people, and nurture relationships. The technological revolution in the modern developing environment in which innovative technologies and trends such as the virtual reality (VR), Internet of Things (IoT), Artificial Intelligence (AI), Robotics are fundamentally altering the way of living, working and relationships to one another, is known as Fourth Industrial Revolution or Industry 4.0 or Industrie 4.0. The Fourth Industrial Revolution is reshaping every sphere of human life — from government to commerce; from education to healthcare. It is even impacting humanvalues, opportunities, relationships and identities by modifying virtual as well as physical worlds of human beings.

THE FOURTH INDUSTRIAL REVOLUTION (INDUSTRY 4.0) A SOCIAL INNOVATION PERSPECTIVE

2018 ◽  
Author(s):  
Klaus Schwab
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Social Innovation ◽  
Holistic Approach ◽  
Socioeconomic Impact ◽  
Fourth Industrial Revolution ◽  
Technological Developments ◽  
Rapid Pace ◽  
Sustainable System ◽  
Industrial Revolutions

The rapid pace of technological developments played a key role in the previous industrial revolutions. However, the fourth industrial revolution (Industry 4.0) and its embedded technology diffusion progress is expected to grow exponentially in terms of technical change and socioeconomic impact. Therefore, coping with such transformation require a holistic approach that encompasses innovative and sustainable system solutions and not just technological ones. In this article, we propose a framework that can facilitate the interaction between technological and social innovation to continuously come up with proactive, and hence timely, sustainable strategies. These strategies can leverage economic rewards, enrich society at large, and protect the environment. The new forthcoming opportunities that will be generated through the next industrial wave are gigantic at all levels. However, the readiness for such revolutionary conversion require coupling the forces of technological innovation and social innovation under the sustainability umbrella.

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

scholarly journals DESIGN THINKING AND PRODUCT ROADMAPPING IN THE FOURTH INDUSTRIAL REVOLUTION

2018 ◽  
Vol 9 (1) ◽  
pp. 3
Author(s):  
Rodrigo Lima Verde Leal
Keyword(s):  
Industrial Revolution ◽  
Design Thinking ◽  
Complex Problem ◽  
Non Profit ◽  
The Road ◽  
Fourth Industrial Revolution ◽  
Key Skills ◽  
Planning Experiment ◽  
Concepts Of Technology ◽  
Road Mapping

The paper employs the combination of design thinking and product mapping approaches for building key skills and capabilities for technology management during the Fourth Industrial Revolution. It presents an overview of the literature of these two approaches, showing a gap in research that proposes their combination. It defines technology roadmapping planning as a human-centred complex problem and proposes a simple three-step sequence to assess when design thinking is applicable. The paper presents the results of using this approach in a business unit in a private non-profit research and development institute. One is the identification of six different, but interlinked, concepts of technology road-mapping that are relevant to stakeholders. The other is a ―Joint Planning‖ experiment, which suggests that road-mapping planning should rely on the co-creation of all relevant stakeholders and should take place in multiples points of the process, in order to grasp any new learning and context that may arise during the execution of the road-mapping initiative

scholarly journals Impact of the World’s New Technological Revolution on Economic Development and Educational Reform in the Information Age

2021 ◽  
Vol 5 (11) ◽  
pp. 207-216
Author(s):  
Feng Cao
Keyword(s):  
Economic Development ◽  
Educational Reform ◽  
Industrial Revolution ◽  
Information Age ◽  
Human Society ◽  
Wealth Creation ◽  
Technological Revolution ◽  
Fourth Industrial Revolution ◽  
Important Impact

The fourth industrial revolution of human society is also known as the “world’s new technological revolution,” which has brought human society into the information age and has had an extremely important impact on economic development and educational reform. In the information age, economic development and wealth creation are dominated by the acquisition, mastery, distribution, and utilization of information instead of capital. Therefore, the cultivation of talents is very important, and educational reform is imperative with the rise of the world’s new technological revolution.

scholarly journals Local Productive Systems’ Transitions to Industry 4.0+

2021 ◽  
Vol 13 (23) ◽  
pp. 13052
Author(s):  
Marco Bellandi ◽  
Lisa De Propris
Keyword(s):  
Technological Change ◽  
Conceptual Framework ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
National Level ◽  
Sustainability Transitions ◽  
Fourth Industrial Revolution ◽  
Productive Systems

The paper is positioned in the emerging debate on the technological change brought about by the Fourth Industrial Revolution, often referred to as Industry 4.0. Our analysis is at the local, sub-national level. The aim is to explore what drivers and barriers local productive systems might face when seeking to embark on transitions that reconcile smart, equitable, and sustainable priorities, under enhanced models called Industry 4.0+. The novelty of the paper is to develop such models by designing a conceptual framework that juxtaposes the drivers and the barriers of sustainability transitions with local productive systems. This novel framework suggests possible pathways that local productive systems can initiate to achieve more equitable and green outcomes for their economy and society by directing the development of digital-related solutions.

scholarly journals Internal factors supporting business and technological transformation in the context of Industry 4.0

2019 ◽  
Vol 20 ◽  
pp. 137-145 ◽  
Author(s):  
Lucia Kohnová ◽  
Ján Papula ◽  
Nikola Salajová
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
New Technologies ◽  
Employee Education ◽  
Technological Transformation ◽  
Internal Factors ◽  
Fourth Industrial Revolution ◽  
Culture Strategy ◽  
Technology Transformation ◽  
And Training

Radical changes resulting from the Fourth Industrial Revolution strongly affect industrialized European countries. In particular, due to the new technologies that are characteristic of Industry 4.0, it will be essential for companies to make the necessary changes and achieve competitiveness through the implementation of these technologies. In order for companies to be able to make radical changes and innovations, they need to secure all the supporting areas in their organization. This research paper is focused on comparison of companies from Slovakia, Czech Republic, Austria, Germany and Switzerland in the context of readiness for Industry 4.0. This research was part of a research project, while data were collected in the period of 2015–2016. We have analysed companies from selected countries based on 7 areas which are closely interconnected with the business transformation and technology transformation coming from Industry 4.0. The main analysed questions focused on areas such as employee education and training, organizational culture, strategy, or organizational processes, that will be most affected by radical changes in the environment. Research has highlighted the differences between countries as a result of long-standing cultural differences, but at the same time identified the unified influence of the ongoing global debate on the need for technological innovation. With Slovak and Czech companies being below stronger innovators in the maturity of education systems, we strongly advise considering partnering in education which can bring valuable information to businesses that want to take on the wave of innovation.

scholarly journals Shipbuilding 4.0: modern technologies and perspectives of the concept

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Kseniya Reznikova ◽  
Valery Maximov ◽  
Dmitry Popov
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Human Life ◽  
Huge Number ◽  
Heavy Industry ◽  
Shipbuilding Industry ◽  
Fourth Industrial Revolution ◽  
Advanced Technologies ◽  
State And Market ◽  
Modern Technologies

Together with the fourth industrial revolution Industry 4.0 in the field of shipbuilding came the concept of Shipbuilding 4.0. Despite its separation from Industry 4.0, the concept also implies the automation of production and implementation of the most advanced technologies. Such technologies include cloud computing, Internet of Things, artificial intelligence, augmented reality and blockchain. Today, all these technologies are heard and familiar to a huge number of people. They continue to be actively developed and implemented in various industries and areas of human life. Heavy industry, namely shipbuilding, was no exception. This article examines the concept of Shipbuilding 4.0 and information technology, it characterizes. Examples of the implementation of the above technologies in the shipbuilding industry are given: at shipyards, in design. Applications in logistics and shipping have also been studied. This work considers such a problem of the Russian shipbuilding industry as poorly developed digitalization. With a high probability, these technologies will soon be actively consolidated in this area and will start everywhere, including at Russian shipyards. The use of innovative developments will improve competitiveness and strengthen positions in the state and market economy. Maritime activity is a very responsible field, where the slightest mistake can lead to bad consequences on a colossal scale. Therefore, the advanced technologies considered in the work have yet to be brought to perfection. However, they already have the potential and direction of development.

scholarly journals Smart Mechanical Systems for Manufacturing in the Era of Industry 4.0: Condition-Based Predictive Maintenance and Dynamic System Modification for Small and Medium-Sized Enterprises

2021 ◽  
Vol 20 (2) ◽  
Author(s):  
Giovanni Carabin ◽  
Erich Wehrle ◽  
Renato Vidoni
Keyword(s):  
Dynamic System ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Mechanical Systems ◽  
Predictive Maintenance ◽  
Condition Based Maintenance ◽  
Specific Target ◽  
New Class ◽  
Fourth Industrial Revolution ◽  
Potential Benefits

We are in the era of the fourth industrial revolution. Which highlights adaptability, monitoring, digitisation and efficiency in manufacturing as a result of the design of new smart mechanical systems. A central role in Industry 4.0 is played by maintenance and, within this framework, we define and review condition-based predictive maintenance. Thereafter, we propose a new class of smart mechanical systems that self-optimise utilising both condition-based maintenance and dynamic system modification. Akin to smart structures, smart mechanical systems will recognise and predict faults or malfunctions and, subsequently, self-optimise to restore desirable system behaviour. Potential benefits include increased reliability and efficiency while reducing cost without the requirement of highly skilled technicians. Thus, small and medium-sized enterprises are a specific target of such technology due to their increasing level of automatisation within Industry 4.0.

Adjustment of enterprises to the requirements of the fourth industrial revolution – regional approach

2021 ◽  
Vol 66 (1) ◽  
pp. 32-48
Author(s):  
Andrzej Sokołowski ◽  
Małgorzata Markowska
Keyword(s):  
Experimental Research ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Composite Indicator ◽  
Composite Indicators ◽  
Regional Approach ◽  
Fourth Industrial Revolution ◽  
The Future

The aim of the paper is to propose a composite indicator characterising the level of development of Polish NUTS 2 regions with respect to the implementation and results of the changes the fourth industrial revolution (Industry 4.0) entails, and to present a ranking of regions illustrating the degree to which enterprises have adjusted to the requirements of Industry 4.0. Data used for the calculations have been based on the results of an experimental research conducted by Statistics Poland (GUS) in 2019. Two methods for constructing the composite indicators have been used – classical and iterative which is to assess the indicator’s resilience to the influence of any potential outliers. 10 sub-criteria, covered by 21 variables have been taken into account. Opolskie region appeared to be the best NUTS 2 region in Poland in terms of the implementation of the requirements outlined by Industry 4.0. The evaluation of the proposed composite indicator will be possible when comparing it with the results of similar surveys carried out by GUS in the future.

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