The modern world is driven by technology. The advancement of information technology (IT) has revolutionised the way we live, work, and do business. To capitalize on this ever-growing industry, businesses need to have a physical presence in an IT park.
An IT park provides an environment that is conducive to the growth of technology businesses. A designated area earmarked for the promotion and growth of the IT sector, the advantages of investing in an IT park are manifold and have a direct impact on both the economy and society.
Here are the two main benefits for an entrepreneur functioning out of a technology park:
Proper Infrastructure An IT park has the necessary infrastructure in place, such as high-speed Internet connectivity, uninterrupted power supply and connectivity to all parts of the city.
Incubation services Tech entrepreneurs may have the requisite knowledge of their product or service, but they rarely have any idea on how to start a company. Through incubation support, entrepreneurs have access to funding, labs, tools, mentoring, and marketing.