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.