TECHNOPRENEURSHIP
INTRODUCTION TO TECHNOPRENEURSHIP
TECHNOLOGY +
ENTREPRENEURSHIP
What is Technology?
What is
Entrepreneurship?
INTRODUCTION TO TECHNOPRENEURSHIP
TECHNOLOGY
• The human process of applying
resources to satisfy our wants
and needs to extend our
capabilities.
INTRODUCTION TO TECHNOPRENEURSHIP
ENTREPRENEURSHIP
• The practice of
consistently converting
good ideas into profitable
commercial ventures –
Peter F. Drucker
INTRODUCTION TO TECHNOPRENEURSHIP
ENTREPRENEURSHIP
• In economics, entrepreneurship
combined with land, labor, and
capital can produce profit.
Entrepreneurial spirit is
characterized by innovation and
risk-taking, and is an essential
part of a nation's ability to
succeed in an ever changing
and increasingly competitive
global marketplace –
Business Dictionary
INTRODUCTION TO TECHNOPRENEURSHIP
“Technopreneurship is the
new breed of
Entrepreneurship”
INTRODUCTION TO TECHNOPRENEURSHIP
TECHNOPRENEURSHIP
• Is the use of technology as
an integral and key element
in the transformation of
goods and services.
• Creating the “New” and
destroying the “Old”
INTRODUCTION TO TECHNOPRENEURSHIP
TECHNOPRENEURSHIP
Is being an entrepreneur by:
• Using existing technologies and
suiting it to a new application
• Inventing or developing a new
product
- Axim Technologies Mfg. Pte. Ltd.
INTRODUCTION TO TECHNOPRENEURSHIP
TECHNOPRENEUR
• A person who destroys the
existing economic order
(creative destruction) by
introducing new products
and services by creating
new forms of organizations
and by exploiting new raw
materials - Schumpeter
INTRODUCTION TO TECHNOPRENEURSHIP
EXAMPLES OF TECHNOPRENEURSHIP
INTRODUCTION TO TECHNOPRENEURSHIP
EXAMPLES OF TECHNOPRENEURSHIP
INTRODUCTION TO TECHNOPRENEURSHIP
EXAMPLES OF TECHNOPRENEURSHIP
INTRODUCTION TO TECHNOPRENEURSHIP
TECHNOPRENEURSHIP VS.
CYBERPRENEURSHIP
INTRODUCTION TO TECHNOPRENEURSHIP
CYBERPRENEURSHIP
One recent form of technical
entrepreneurship is using the
improvement in computer
technology, especially the
internet to conduct business ,
promote business or perform the
process called cyberpreneurship.
INTRODUCTION TO TECHNOPRENEURSHIP
CYBERPRENEUR
is generally regarded as an
entrepreneur who has an
online based business on the
internet which targets
customers both local and
international.
Do not necessarily need offices
or extensive support staff, they
just need an idea, a great idea
and domain on the internet.
INTRODUCTION TO TECHNOPRENEURSHIP
CYBERPRENEURSHIP PRINCIPLE
• Flexible
• No pressure
• No need for premises
• No need for workers
EXAMPLES OF
CYBERPRENEURSHIP
INTRODUCTION TO TECHNOPRENEURSHIP
CYBERPRENEURSHIP PRINCIPLE
• Flexible
• No pressure
• No need for premises
• No need for workers
INTRODUCTION TO TECHNOPRENEURSHIP
CORRECT CONCEPTS
1. Are not born, but made
2. Is most often not a one man
team. They work with a team
3. Trained by a mentor
4. Calculate risk taker
5. Shared the burden of
responsibility to other team
members
INTRODUCTION TO TECHNOPRENEURSHIP
CORRECT CONCEPTS
6. Has a business model in mind
7. Understand the value of
resource and where to find
them
8. Does not aim to stand out but
to address a solution for a
common good
9. Love what they do
1 WHOLE SHEET OF PAPER
BY PAIR
Given that you are a technopreneur, what
product are you going to produce.
• Requirement:
• Illustrate the product
• Discuss how the product work
• How are you going to advertise your product
INTRODUCTION TO TECHNOPRENEURSHIP
TRAITS AND CHARACTERISTICS OF
TECHNOPRENEUR
• Aspiring technopreneurs must
be adequately equipped with
both technical and business
skills. Technopreneurs
continually go through the
process of constant
improvement and always try to
redefine our dynamic digital
economy. We need to encourage
entrepreneurial views and skills
at all levels of the society.
INTRODUCTION TO TECHNOPRENEURSHIP
TRAITS AND CHARACTERISTICS OF
TECHNOPRENEUR
• Visionary
• Have a vision of what he wants
to achieve so that he is not
distracted from his goal
• Flexible
• Can adapt to changing
circumstances and recover
from setbacks
INTRODUCTION TO TECHNOPRENEURSHIP
TRAITS AND CHARACTERISTICS OF
TECHNOPRENEUR
• Efficiency:
• This is the optimal use of services
to create a well structural, stable,
routine in product in high
quantities, quality and at low cost.
• Adaptability:
• means mastering; Innovation is
the key to Adaptability. It requires
looking for new technologies,
INTRODUCTION TO TECHNOPRENEURSHIP
TRAITS AND CHARACTERISTICS OF
TECHNOPRENEUR
• Practical
• Pointless to have ideas if they
cannot be executed
• Realistic
• To know that most start ups fail
and that in all probability he will
fail.
INTRODUCTION TO TECHNOPRENEURSHIP
TRAITS AND CHARACTERISTICS OF
TECHNOPRENEUR
• Other important traits
• Hardworking
• Self-confidence
• Profit-oriented
• Goal-oriented
• Persistent
• Respond to Feedbacl
INTRODUCTION TO TECHNOPRENEURSHIP
IMPORTANCE OF
TECHNOPRENEURSHIP
• New essential products
• Buyers convenience
• Employment
• Great help in the economy
• Strength/ Opportunity of a
business