Does Innovation foster development in small developing countries?
Does Innovation foster development in small developing countries?

Summary/Abstract: This paper focusses its research on HUB opportunities for small business innovations in small regions of a developing country. In developing countries/societies there is no real attempt to understand how innovation happens in the first instance or how the demand for and supply of innovations emerges in its context. The expectations of societies and industry are shaped from classical innovations – inventions, therefore societies are reluctant toward process innovation which is the dominant form in this case. In many societies, innovative products and those who create them are without a theoretical identity which is ethically biased. In order to understand better how innovation contributes to the welfare of places, researchers need to broaden the scope of contexts, economic sectors, and actors that they consider as potential sites and creators of innovation. Research that aims to comprehend the full spectrum of innovation should include specificities of places that are not necessarily orientated toward intensive use of high technology. By capitalizing on their geographical and social contexts, some entrepreneurs are able to contribute to their communities in various ways currently unacknowledged and unappreciated by economist. These contributions include satisfying genuine needs in the community, offering improved productivity of employees, developing skills, and generating social cohesion.

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