25Risk management and auditing of technology incubators/ science parks
Innovation enabler to drive capacity of tech ventures
1 Introduction
Technology incubators and science parks play an important role to support economic growth and sustainable development. Policy makers around the world establish them to improve innovation commercialisation, a path to improve national innovative capacity. Given the high-risk nature of technology-based firms which need an incubation scheme, this chapter discusses the application of risk management and auditing to technology incubators/science parks, based on the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework. The proposed audit plan ...
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