Skill development and employment have become a basic need for today’s industries. Upgrades in all fields can be seen regularly, which stresses the importance of skill development and also on jobs. Emerging technologies and entrepreneurship have always been considered as the source for both, i.e., skill development and employment. But it is important to know the exact role of emerging technologies and entrepreneurship in increasing skill development and employment. Keeping these factors in consideration, this research work has focused on the impact of skill development and employment because of emerging technologies and entrepreneurship. To accomplish the presented objectives of the study, hypotheses have been designed and a questionnaire will be constructed. This study finds out that there is an impact of emerging technology and entrepreneurship on skill development, hence it is suggested that we should emphasize the need for infrastructure development, access to finance, and government support to promote entrepreneurship and the adoption of emerging technologies in the Madhya Pradesh region