Factors Governing Technological Environment

The factors which determine the technology environment in a country are as follows :

• Quality of human resources in terms of the spirit of experimentation, innovation, and enterprise.
• Facilities for technical education, training and research.
• Compensation systems and promotion policies for persons engaged in scientific and industrial research.
• Incentives for research and development.
• Monetary and fiscal concessions for intensive research and development in the private sector.
• Government participation in scientific and technological development.
• Laws for the protection of intellectual property rights.
• Institutional arrangements for developing a conductive technological environment.
•  Access to foreign technology.