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Pan Pharmaceuticals Faces Six Months’ License Suspension.

Progen Collaborates with Peplin in Anti-Cancer Drug Contract.

Genetic Technologies Acquires Genetic Science Services.

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Yoga as Sleeping Pill?

University of Queensland Offers Biotech Scholarship to Indian Students.

Australian Government Contributes $50M to Walter and Eliza Hall Institute.

US Pharmacy Giant MedicineShoppe Opens its First Store in China's ChongQing.

Pall Life Science Sets up Proteomics Center at Bangalore.

Hong Kong and Guangdong Health Experts to Collaborate on Bird Flu Lab Testing.

Taiwan's Vita Genomics, Yang Ming University and India's IGIB Sign Agreement on Liver Disease Research.

Update on Bird flu.

Singapore Scientists Make Discoveries on Stomach Cancer.

US Imalux Corporation Inks Distribution Deals with Beijing Goodwell Company Limited.

Australia's CSL Expansion Facility and Vaccine Market.

India and the US Collaborate on Agriculture.

Korea's Professor Hwang's Fabrication of Embryonic Stem Cell Research.

Cygenics Awarded Another Patent.

Of late, technology entrepreneurship and ecosystem for technology based start-ups are attracting the attention of policy makers and empirical researchers alike, across the world. In India, Bangalore has been receiving increased global recognition as a tech start-up hub; as of now, Bangalore is considered to be the home for the largest number of tech start-ups in the country and third largest in the world. An important factor that contributed to this “status and recognition” of Bangalore is the emergence of a unique entrepreneurial ecosystem, which supports and promotes tech start-ups. Given this, it is important to understand how a favorable entrepreneurial ecosystem for tech start-ups emerged in Bangalore. What are its major components? What role do these components play in different stages of the life cycle of tech start-ups in Bangalore? How mature is the ecosystem of Bangalore to support the emergence, sustenance and growth of tech start-ups to nurture them? What are the key lessons that can be derived out of the Bangalore tech hub experience? This article is an attempt to shed light on these issues.

This paper probes the factors which determine or enable SMEs to acquire external support, to achieve technological innovation outputs (in the form of innovation sales) and to enhance economic performance (in the form of sales growth). At the outset a conceptual framework (based on literature survey) is formulated by identifying the key variables relevant to the research objectives. Subsequently based on primary data gathered from 157 innovative SMEs covering auto components, electronics and machine tool industries in the Bangalore city region of India, we analyzed the three objectives. By means of logistic regression analysis, we ascertained that SMEs which have internal technical competence in the form of technically qualified owner/manager and an exclusive design office, which innovate frequently, particularly focusing on both product and process innovations obtained external support relative to the rest. Backward elimination multiple regression analysis revealed that firms which are able to obtain and complement external support to their internal technical competence, and which are "entrepreneurial firms" achieved more innovation sales. Finally, backward elimination multiple regression analysis ascertained that innovation sales, objective of firm origin, age of firms and nature of innovations significantly influenced the sales growth of SMEs.