Professional Documents
Culture Documents
Introduction to
Technopreneurship
McGraw-Hill/Irwin
Entrepreneurship, 7/e
Development of Technopreneurship (1 of 2)
Earliest Period
Entrepreneurs would sign contracts with a money
person.
Example: Marco Polo established trade routes
Middle Ages
Entrepreneurs were actors and people who managed
large production projects. They did not take risks, but
managed the project with the resources provided.
17th Century
Entrepreneurs entered into business contract
arrangements with the government and any profits
or losses bear by the entrepreneur.
Example: Mississippi Company
Development of Technopreneurship
(2 of 2)
18th
Century
With
Technoreneurs
part.
Example:
is the process of
creating something new and assuming
the risks and rewards.
Four
Involves
creation process.
Requires devotion of time and effort.
Involves rewards of being an entrepreneur.
Requires assumption of necessary risks.
distinct phases:
Identify
Window
Develop
a business plan.
Determine the resource requirement.
Manage the resulting enterprise.
Table 1.1
Types of Start-Ups
Lifestyle
Privately
firm
held; usually achieves only modest growth.
Foundation
company
Created
venture
publicity.
Starts out like a foundation company, but attains
rapid growth.
Also called gazelles, is integral to the economic
development of an area.
Role of Technopreneurship in
Economic Development
Product Evolution
Need Recognition
Initiate Innovation
Industrial
Development
Press to Invent
Government as an Innovator
One
Relatively
Corporate Technopreneurship
Strengths
of an existing business:
Financial resources.
Business skills.
Marketing and distribution systems.
Factors
In
Independent Technopreneurship
Factors
Lacking
ethical code.
Personal
by:
Peer
pressure.
General social norms in the community.
Pressures from their competitors.
Future
Technopreneurship
has gained
mileage through a number of
ways:
Entrepreneurial
education.
Increase in academic research.
Societal support (media coverage).
Corporate entrepreneurship.
Entrepreneurial Universities
Activities
Seminars
Consulting
Research
Case
Development
Technology
Development &
Transfer
Joint Ventures &
Strategic Alliances
Structures
Business Assistance Centers
Incubators
Innovation Centers
Industrial Parks
Enterprise Development
Centers
Venture Capital Exchanges
Inputs
Guest Lectures
Board of Advisors/Trustees
Internships
Student Projects
Source of Funds