Technology and innovation businesses also cover a wide range of industries. These businesses may focus on activities such as researching and developing new products or providing innovative solutions to existing processes. In today’s market for companies that cannot continually envision, conceptualize, and bring innovations to market that customers perceive as high value. Not only is it critical that businesses innovate and implement products and services in highly profitably ways, but also in the infrastructure of people and processes that enable a business to compete and win. This paper highlights problems faced by the entrepreneurs globally regarding businesses to stimulate technological innovation and strengthen the role of small business in meeting research and development needs and increase business participation in this role. Secondary data from the different sources were for conducting my research.

KEYWORDS: Technology Management, Technological Entrepreneurship, Innovation Technology.