Unit 1 Basics of Technopreneurship

POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
SANTA MARIA, BULACAN CAMPUS

Km. 39, Sitio Gulod, Pulong Buhangin, Santa Maria, Bulacan
UNIT 1: BASICS OF TECHNOPRENEURSHIP

OVERVIEW
Having set things in context, Technopreneurship is a new breed of
entrepreneurship. It involves a coming together of people who are intelligent, driven,
creative, tech-savvy and passionate and have an appetite for calculated risk. Unlike
entrepreneurship this is seldom a one-man show – the success of Technopreneurship
hinges on how well the team functions together.
DESIRED LEARNING OUTCOMES

1. Identify basic concepts of Technopreneurship.
2. Determine the role of Technopreneurship in job creation and in the national economy.
3. Understand the difference between entrepreneurship and Technopreneurship.
==================================================================I
INSTRUCTIONAL MATERIALS 1
1.1.1 What is Technopreneurship?
There is a common belief in the potential of the

tech product, an inherent DNA to work hard and against
all odds, a coming together of people with myriad skillsets
and resources that are critical for the success of the
venture. For a Technopreneur, it is not as much about the
money as it is about the affirmation that the ‘idea’ is a
worthy one and that it works. The idea needs to work for
the greater common good – it doesn’t need to be a global
blockbuster. For this reason, Technopreneurship is an expensive exercise and
Technopreneurs need to work without pay until their ideas become commercially viable.
It is not often easy and they have to persevere, lead and motivate their team, search for
people with the money, pitch their idea and get them to join forces. It is here that their
past work experience and the network becomes extremely useful.
More often than not, Technopreneurship begins with the customer experience and
works backward to arrive at the technology to provide that customer experience.
Instagram, for example, was born out of the end-users feverish and narcissistic needs to
not only take pictures but also to share these pictures on a real-time basis. A
technopreneur constantly learns and improves, innovates and disrupts the workings of
people, organizations and nations as a whole. Today, if you don’t have the Facebook or
WhatsApp app on your phone, people would think of you as being a strange person –
You could argue that no one had either app less than 5 years ago but you would still be
a strange person!
Now that the waters have been tested and the unlimited potential of technology to
address needs of customers has been indisputably established, technopreneurs world-
wide are pushing the frontiers of innovation. What we will see as the next big things
include game-changing technologies like:
1. Artificial Intelligence, Machine Learning and Expert System (AIML)

2. Augmented Reality expanding virtual reality extending the physical world as we Know
(AR)
3. Blockchain beyond Bitcoins, Distributed Ledger and Decentralized Data Base (BC)
4. The Internet of Things (IOT). This is something that has already reached our living
rooms with Amazon’s Alexa, Echo etc.
5. 3D Printing, Additive Manufacturing and Embedded Manufacturing (AM-3D) etc.
These are areas where cutting-edge work is being done and you would do well to
hedge your bets in this area. Besides these, the earlier wave of technologies Cloud
Computing, Business or Digital Analytics (DA) including Business Intelligence (BABI) and
Big Data are still going strong.
What is Technopreneurship?
"Creating the NEW and destroying the OLD"
- new knowledge
- new products
- new processes
- new services
- new market
- new business
Entrepreneurial Process vs Technopreneural Process

Opportunity Analysis Idea Generation
Business planning Idea Screening
Gathering Resources Concept Testing
Implementation Business Analysis
Scaling and Harvesting Prototyping
Everything starts on an opportunity Commercialization
Monitoring and Evaluation
Everything starts on idea
1.1 Course Overview: Why Entrepreneurship and Ideas?

Why Entrepreneurship?
Entrepreneurship is important, as it has the ability to improve standards of living

and create wealth, not only for the entrepreneurs but also for related businesses.
Entrepreneurs also help drive change with innovation, where new and improved
products enable new markets to be developed.
Entrepreneurship Ideas
If you're ready to run your own business, consider any of these great business
ideas
1. Consultant
If you are knowledgeable and passionate about a specific topic

(business, social media, marketing, human resources,
leadership, communication, etc.), starting a consultant
business can be a lucrative option. You can start your
consulting business on your own, then grow your business and
hire other consultants over time.
2. Online reseller
Those passionate about clothing and/or sales may want to

consider starting an online reseller business. Although it takes
a lot of time and dedication – and an eye for fashion – this is a
great idea that you can start as a side hustle and turn into a
full-time resale business. You can start by using online store
websites like Poshmark and Mercari to sell your unwanted
clothing, eventually expanding to your own resale website.
3. Online teaching
The demand for online education has opened up a wide

possibility for entrepreneurs to start their own ventures.
Since this is an online business idea, you can choose any
subject you are knowledgeable about and teach a course
regardless of your location. If you don't have advanced
knowledge in any particular subject, you can always
consider teaching English as a foreign language online to
students overseas.
4. Online bookkeeping
As with education, technology allows many bookkeeping

services to be performed online. If you are an accountant
or bookkeeper who wants the freedom and autonomy of
running your own business, you can take advantage of
modern technology to start your own online bookkeeping
service, taking on other companies as clients.
5. Medical courier service
If you have a reliable vehicle and good time

management skills, you may want to consider creating
your own courier service – more specifically, a medical
courier service. As a driver, you would be responsible for
transporting medical items like lab specimens,
prescription drugs and equipment. The healthcare
industry is expanding, which is great for medical courier
service job stability. You could start your courier
business on your own or hire other drivers to work for
you.
1.2 Difference between Technopreneurship and Entrepreneurship
What is Entrepreneurship?
- A way of thinking and acting that is opportunity obsessed, holistic in approach and
leadership balanced for the purpose of the wealth creation (Babson's Definition)
- Creative destruction, dynamic disequilibrium brought on by the innovating

entrepreneur rather than equilibrium and optimization is the norm of a healthy economy
and the central reality of economic theory and practice (Schumpeter, 1934)
- Entrepreneur searches for charges responds to it, exploits it is an opportunity,

innovation is the specific tool of entrepreneurs the means by which the exploit change
as an opportunity for a different business or a different service (Drucker, 1985)
- Pursuit of opportunity without regard to the resources currently under one's control
(Stevenson)
1.3 Nature of Advantages
The successful entrepreneur has the following advantages:

(a) Personal satisfaction: Personal satisfaction means doing what you want and enjoy
with your life.
(b) Independence: Independence is freedom from control of others. You are able to use
your knowledge, skills and abilities as you see fit.
(c) Control of Profit and income: Profit is the amount of income left after all expenses
have been paid.
(d) Job security: you cannot be laid off, fired, or forced to retire at a certain age.
(e) Status: Status is a term used to describe a person’s social rank or position. Self-
employed persons receive attention and recognition trough customer contact and public
exposure.
(f) Flexibility: The only thing constant in life is change. Self-employment also gives the
individual the opportunity for innovation, creativity, experimentation and role playing as
employer, a leader or a resource person.
1.3.1 Entrepreneurship and Disadvantages of Entrepreneurship
1. Multiple roles and responsibilities
Even though your title may read “CEO” or “Founder,” you’ll really be using
multiple titles at once. Don’t expect to only work on sales or business
development- you’ll be juggling finances, legal, marketing, human resources, and
business admin work until your team gradually expands.
2. Work-life balance
Sure, entrepreneurs can work from anywhere at any time, but the
downside is that you’re pretty much working during most of your free time. That
might involve fielding sales calls in the evening, finishing up a SOW on the
weekends, or putting out fires while on vacation.
3. Self-motivation
Without a boss to keep you in line, discipline becomes a self-taught
responsibility. That may involve getting up early to work, helping team members
on a certain project, or holding meetings on holidays.
4. High risk
Starting a business is no walk in the park- there’s a lot of financial and
legal risk involved if you don’t do your homework. Businesses without a plan in
place to manage their finances risk ending their ventures prematurely.
5. Few business connections

Businesses are built on networks of investors, partners, influencers, and
team members. Unless you’re a veteran in a certain industry, you’re going to
have to build your business network from the ground up. That may be
challenging for those with little networking experience.
6. Building reputation
Building up a new brand can be one of the biggest challenges for a new
startup. Unless you have an innovative breakthrough on your hands, you’ll likely
have dozens of competitors that your target audience will already be more
familiar with.
7. Legal considerations
New businesses have to deal with a whole new set of laws, a challenge
that can be overwhelming without a lawyer. However, compliance is absolutely
mandatory- if your business doesn’t abide by industry codes, you may develop a
negative reputation, or eventually risk the threat of litigation.
8. Leadership
Entrepreneurs may struggle in their newfound leadership role, especially if
they have limited experience managing people or prioritizing activities. However,
there’s no need to panic – leadership skills can be learned and developed over
time.
9. Limited supplies/technology
Starting out, a new business won’t have all the amenities and supplies that
larger companies already have, including hardware such as computers, printers,
scanners, cameras. There is also the challenge of obtaining suitable and
effective software for CRM, conference calls, and other industry-relevant web
apps.
10. Fewer benefits

Unfortunately, entrepreneurs will likely not be able to offer healthcare
plans or discounted gym memberships early in the business’s life. Lack of
benefits may turn a few potential customers and employees away.
1.1.2 Importance of Technopreneurship

A jargon to many, Technopreneurship has not been a widely tackled topic in

business forums and entrepreneurial seminars. I understand why some people seem
puzzled by the word, especially when they haven’t really thought
about it. Simply said, technopreneurship is an integration of two
concepts or processes, namely, technology and
entrepreneurship. I believe we have already sufficiently
discussed what entrepreneurship means and what it entails.
Technology has been covered in the past couple of blogs, too.
When we merge these together, we produce the likes of Bill
Gates, Mark Zuckerberg, and Jeff Bezos. Rounding these three
prominent figures up, we see that they have something in common – that is, the ability to
appreciate what technology can contribute to their businesses. All of them are who we
consider as the world’s most successful technopreneurs.
As a business coach, I felt compelled to talk about the importance of

technopreneurship in the national business landscape. More than ever, this century sees
a high influx of startups in the Philippine business scene (thanks, in part, to the more
relaxed business registration requirements implemented by the current administration).
Most of these startups bank on the use of technology, specifically information technology
as their product or service.
Apparently, technopreneurship is recognized as a prolific idea in today’s digital era

because of four reasons: limitless opportunities, market expansion, reduced costs, and
access to information.
• Limitless Opportunities
The 21st-century is the age of information. Hence, if you have an idea, you could
easily obtain information about available opportunities to turn it into a business with just
one click. Plus, technological advancement has been in this generation’s DNA that it
comes as an anticipated reality rather than a shocking revelation. People expect new
technologies to emerge every day. They aspire to get things done fast and easy.
Technopreneurs only need to tap into this resource, think creatively, and turn the idea
into a successful business venture.
• Market Expansion
One of the major contributions of technopreneurship is the growth of the internet.

Today, the internet is a primary channel for businesses, be it in e-commerce, remote
work, or networking. Because of technopreneurship, the market has expanded. As a
result, businesses are able to reach more customers, acquire and choose from the best
suppliers, and build better relationships with their target market.
• Reduced Costs
Consistent with the rapid market expansion as brought about by

technopreneurship, businesses are more likely to cut on costs. This is because more
opportunities are available, which means that there are more options to choose the least
expensive option. In effect, it will bring positive results to the businesses. Likewise,
technopreneurs could tap onto this opportunity since IT products and services might just
require lower costs but produce higher returns.
• Access to Information
This is perhaps a no-brainer because we all know that technology is the reason
why we are living in the information age where loads of data are at our fingertips. Through
technopreneurship, businesses find it more efficient to store information, thereby,
retrieving information also becomes more efficient.
Technopreneurship could be the source of sustainability for business-minded

individuals and for organizations looking to improve their project. It could take time, yes,
but maybe you only need to take the first step. An idea, once polished and thoughtfully
crafted, could turn into a Eureka moment. Technology is becoming more and more alive
as if telling us to grab the opportunity.
1.1.3 Difference and Similarities between Entrepreneurship and

Technopreneurship
There are similarities and difference entrepreneur and technoprenuer. The

similarities are:
1. Identity needs
2. Build Products
3. Mitigate Risk
4. Take the Product to the Market
However, the two have differences, such as:
Entrepreneurship Technopreneurship
Likes to compete Likes to innovate
Is a self-starter Is a part of a team
Is able to do many things at once Is able to do many things at once, but

chooses to delegate
Is creative, and has a dream and goals Is innovative and have a great vision
Likes to work for himself or herself and Likes to be the one to control innovation
be in control and be part of an evolution
Is motivated by a strong desire to Is motivated by strong visions and
achieve and attain financial success his/her passion to innovate.
Focuses his/her attention on the Takes failure in stride and knows it will
chances of success rather than the lead to success is correction can be
possibility of failure made
1.1.4 Types of Entrepreneurship
Entrepreneurs are classified into different types based on different classifications

as mentioned below:
Based on the Type of Business:
1. Trading Entrepreneur:
As the name itself suggests, the trading entrepreneur undertake the trading
activities. They procure the finished products from the manufacturers and sell these to
the customers directly or through a retailer. These serve as the middlemen as
wholesalers, dealers, and retailers between the manufacturers and customers.
2. Manufacturing Entrepreneur:
The manufacturing entrepreneurs manufacture products. They identify the needs
of the customers and, then, explore the resources and technology to be used to
manufacture the products to satisfy the customers’ needs. In other words, the
manufacturing entrepreneurs convert raw materials into finished products.
3. Agricultural Entrepreneur:
The entrepreneurs who undertake agricultural pursuits are called agricultural
entrepreneurs. They cover a wide spectrum of agricultural activities like cultivation,
marketing of agricultural produce, irrigation, mechanization, and technology.
Based on the Use of Technology:
1. Technical Entrepreneur:
The entrepreneurs who establish and run science and technology-based industries
are called ‘technical entrepreneurs.’ Speaking alternatively, these are the entrepreneurs
who make use of science and technology in their enterprises. Expectedly, they use new
and innovative methods of production in their enterprises.
2. Non-Technical Entrepreneur:
Based on the use of technology, the entrepreneurs who are not technical
entrepreneurs are non-technical entrepreneurs. The forte of their enterprises is not
science and technology. They are concerned with the use of alternative and imitative
methods of marketing and distribution strategies to make their business survive and thrive
in the competitive market.
Based on Ownership:
1. Private Entrepreneur:
A private entrepreneur is one who as an individual sets up a business enterprise.
He / she it’s the sole owner of the enterprise and bears the entire risk involved in it.
2. State Entrepreneur:
When the trading or industrial venture is undertaken by the State or the
Government, it is called ‘state entrepreneur.’
3. Joint Entrepreneurs
When a private entrepreneur and the Government jointly run a business enterprise,
it is called ‘joint entrepreneurs.’
Based on Gender:
1. Men Entrepreneurs:
When business enterprises are owned, managed, and controlled by men, these
are called ‘men entrepreneurs.’
2. Women Entrepreneurs:
Women entrepreneurs are defined as the enterprises owned and controlled by a
woman or women having a minimum financial interest of 51 per cent of the capital and
giving at least 51 per cent of employment generated in the enterprises to women.
Based on the Size of Enterprise:
1. Small-Scale Entrepreneur:
An entrepreneur who has made investment in plant and machinery up to Rs 1.00
crore is called ‘small-scale entrepreneur.’
2. Medium-Scale Entrepreneur:
The entrepreneur who has made investment in plant and machinery above Rs 1.00
crore but below Rs 5.00 crore is called ‘medium-scale entrepreneur.’
3. Large-Scale entrepreneur:
The entrepreneur who has made investment in plant and machinery more than Rs
5.00 crore is called ‘large-scale entrepreneur.’
Based on Clarence Danhof Classification:
Clarence Danhof (1949), on the basis of his study of the American Agriculture,
classified entrepreneurs in the manner that at the initial stage of economic development,
entrepreneurs have less initiative and drive and as economic development proceeds, they
become more innovating and enthusiastic.
Based on this, he classified entrepreneurs into four types:
These are discussed in seriatim:
1. Innovating Entrepreneurs:
Innovating entrepreneurs are one who introduce new goods, inaugurate new
method of production, discover new market and reorganize the enterprise. It is important
to note that such entrepreneurs can work only when a certain level of development is
already achieved, and people look forward to change and improvement.
2. Imitative Entrepreneurs:
These are characterized by readiness to adopt successful innovations inaugurated
by innovating entrepreneurs. Imitative entrepreneurs do not innovate the changes
themselves; they only imitate techniques and technology innovated by others. Such types
of entrepreneurs are particularly suitable for the underdeveloped regions for bringing a
mushroom drive of imitation of new combinations of factors of production already
available in developed regions.
3. Fabian Entrepreneurs:
Fabian entrepreneurs are characterized by very great caution and skepticism in
experimenting any change in their enterprises. They imitate only when it becomes
perfectly clear that failure to do so would result in a loss of the relative position in the
enterprise.
4. Drone Entrepreneurs:
These are characterized by a refusal to adopt opportunities to make changes in
production formulae even at the cost of severely reduced returns relative to other like
producers. Such entrepreneurs may even suffer from losses but they are not ready to
make changes in their existing production methods.
Following are some more types of entrepreneurs listed by some other behavioural
scientists:
1. Solo Operators:
These are the entrepreneurs who essentially work alone and, if needed at all,
employ a few employees. In the beginning, most of the entrepreneurs start their
enterprises like them.
2. Active Partners:
Active partners are those entrepreneurs who start/ carry on an enterprise as a joint
venture. It is important that all of them actively participate in the operations of the
business. Entrepreneurs who only contribute funds to the enterprise but do not actively
participate in business activity are called simply ‘partners.
3. Inventors:
Such entrepreneurs with their competence and inventiveness invent new products.
Their basic interest lies in research and innovative activities.
4. Challengers:
These are the entrepreneurs who plunge into industry because of the challenges
it presents. When one challenge seems to be met, they begin to look for new challenges.
5. Buyers:
These are those entrepreneurs who do not like to bear much risk. Hence, in order
to reduce risk involved in setting up a new enterprise, they like to buy the ongoing one.
6. Life-Timers:
These entrepreneurs take business as an integral part to their life. Usually, the
family enterprise and businesses which mainly depend on exercise of personal skill fall in
this type/category of entrepreneurs.
1.1.5 Characteristics of Technopreneurship
There are 15 characteristics to define

what a Good Technopreneurs is. The first one
is Hardworking. “Do everyone here is
hardworking?” a question asked by our
professor, well, everyone answer yes. We will not
be on what we are now because of hard work.
Hard work pays off, enduring a little, we are now
a little bit further in our dreams, step by step.
Hard work is a vital aspect in every business
man, especially in technopreneurship. No one
have ever achieved success without hard work.
“If all of you are hard workers, then I will not
expect INC on this class”. My mind and heart
both say yes. Yes, that’s how it should be.
Although it’s hard, maybe that’s also the reasons
they called it hard work. We are going to school not just to learn, but also to be corrected.
And one of the aspects of it is to attitude of being hard worker.
The second one is Self-confidence, although our professor did not discuss the
second up to 14th characteristic, but I still want to share and express the thoughts I have
with those characteristics. The second is the characteristic, which our professor wants
that everyone should possess. Back to our first meeting he already said that we are
molded to become “bagagnawng”, so it’s expected that in the end of the day, we will
acquire that. The third characteristic is Builds for the future, as for me this characteristic
means adoptable to change. As a technopreneur, we are made to change the future, so
you should consider the possibility of the future. You should handle and adopt to changes.
The fourth one, is the Profit-Oriented, being a technopreneur, you should be a business
minded, you should be aware of marketing strategies or techniques to acquire profits and
financial gains base from your ideas. The fifth one is Goal-oriented, an individual who do
their best just to finish and do better on their task. Every Technopreneurs, should be goal-
oriented which means responsible enough to complete and accomplish their task that
would end in a good result. The sixth characteristic is Persistent, despite of strenuous
and difficulty you should be positive enough to finish and accomplish the task or any
situation that affects your business. You should not be weak mentally and physically, think
of a future as a success and do the best to make it. The seventh one is Respond to
Feedback, as a businessman you should handle and operate criticism. Criticism or
feedback is also one of the sources of your flaws, if you have many negative feedbacks
it also means you have many things to improve on. As a Technopreneurs, you should
take notes of the feedback given to you or on your team, think it as an inspiration to do
better and make it more preferable to create advantages. The eighth one is Demonstrate
Initiative, for me it means you should have savvy approach in deciding things, you should
have a better strategy to solve difficulty and ameliorate the situations. You should be
knowledgeable with a lifelong learning attitude, learn from every situation. The ninth one
is Willing to Listen, in business you should not be boastful to your team and workers,
you should have the personality that willing listen to their ideas and suggestion, do not
think of yourself as a superior but you should be a someone who knows to listen and pay
attention, and always ready to hear something new.
The tenth one is a someone who Set his own Standard, a characteristic that
denotes a good quality in every situation. Technopreneurs is not someone who is
contented in a simple and average thing, setting own standard means leveling up from
simple into advantageous thinking. The eleventh one is Copes with uncertainty, a
characteristic that knows how to take measures and deal with uncertainty just problems
or changes. Someone who knows is calculated in every situation it may be good or bad.
The twelve one is Committed, a characteristic that is committed to fulfill a task or contract,
you are devoted into something and doing the best you have to accomplish it. The thirtieth
characteristic is Build on Strength, you are someone who is qualified to be called strong,
both physically and mentally, you have the quality of toughness on any situation even
with a great force of pressure, you can handle a great amount of weight and can
manipulate it naturally. The fourteenth attribute is Reliable and has Integrity, an every
individual should possess, as a great individual who can change the future you should
have a nature that is reliable, you should know how to handle trust and have the
confidence to maintain it. With integrity that knows how to be respect individuals, you are
truthful enough to show your feelings, viewpoints and intentions.
The last characteristic that a good Technopreneur should have is being a Risk-
Taker. One of the examples of our professor is a person who owns more than one team
in Philippine Basketball Association. He’s is one of the example to demonstrate what risk
taker means. Why it called it risk? It is because it takes a million of money to own a team
in PBA, but he insist to do so. But the good thing behind it, is that he only increase his
chance of winning the championship because of higher probability. Risk taker doesn’t
always mean you are going to take a way that is dangerous, but it should be something
that is already calculated, risking something but there should be something in return, a
big return. As a student, we are trained and develop to have these kind characteristics.
Technopreneurs is not as easy as you think, but it is a great and huge responsibility, not
only it requires talent but also require many things. Trained to change the future.
1.1.6 Characteristics of Entrepreneurship:

Not all entrepreneurs are successful; there are

definite characteristics that make entrepreneurship
successful. A few of them are mentioned below:
Ability to take a risk- Starting any new venture

involves a considerable amount of failure risk.
Therefore, an entrepreneur needs to be courageous
and able to evaluate and take risks, which is an
essential part of being an entrepreneur.
Innovation- It should be highly innovative to

generate new ideas, start a company and earn profits
out of it. Change can be the launching of a new product
that is new to the market or a process that does the
same thing but in a more efficient and economical way.
Visionary and Leadership quality- To be successful, the entrepreneur should

have a clear vision of his new venture. However, to turn the idea into reality, a lot of
resources and employees are required. Here, leadership quality is paramount because
leaders impart and guide their employees towards the right path of success.
Open-Minded- In a business, every circumstance can be an opportunity and used

for the benefit of a company. For example, Paytmrecognised the gravity of
demonetization and acknowledged the need for online transactions would be more, so it
utilised the situation and expanded massively during this time.
Flexible- An entrepreneur should be flexible and open to change according to the

situation. To be on the top, a businessperson should be equipped to embrace change in
a product and service, as and when needed.
Know your Product-A company owner should know the product offerings and
also be aware of the latest trend in the market. It is essential to know if the available
product or service meets the demands of the current market, or whether it is time to tweak
it a little. Being able to be accountable and then alter as needed is a vital part of
entrepreneurship.
1.1.7 What makes an entrepreneur a technopreneur?
It gets a ‘regular’ entrepreneur into a more focused niche – technology. It’s about
technological products to solve a problem in the market. Anything technopreneurial
revolves around technology and things technical. Anything that gets out from this domain
can’t be classified as technopreneur but it can be entrepreneur nonetheless.

For example, Bill Gates, Sergey Brin and Larry Page are technopreneurs. In our
society, we don’t do serious specifications around entrepreneurship. Anyone who does
something bold and succeeds commercially is coined as a great entrepreneur. No matter
which industry.
However, if you think about technopreneur you can adapt a useful analogy to
populate very specific terms which may sound like a profession. Of course, it could be a
fashionpreneur, finanpreneur, enerpreneur, retailpreneur. It’s way easier to use
entrepreneur who works in fashion, finance, energy or retail industries.
==================================================================
ASSESSMENT 1
1. In your own understanding define Technopreneurship?
2. What are the Importance of Technopreneurship, explain each one?
3. Using the Venn Diagram, compare and contrast the Entrepreneurship vs.
Technopreneurship
4. What are the Types of entrepreneurship, give example?
5. What are the characteristics of Entrepreneurship and Technopreneurship, explain
each one?
6. What makes entrepreneur a Technopreneur, comprehensively explain it?
7.Please read the Most Inspiring Techno Entrepreneurs in the Philippines
https://aboutmyrecovery.com/most-inspiring-techno-entrepreneurs-in-the-philippines/
References
Balachandran, B. (2018). Technopreneurship: What it is and What it is Not. Retrieved
from https://www.google.com/amp/s/www.entrepreneur.com/amphtml/314142
Byju’s, (2020). Entrepreneurship – Types of Entrepreneurship. Retrieved from
https://byjus.com/
commerce/what-is-entrepreneurship/
Eyas, RJ. (2018). Characteristics of Technopreneurs. Retrieved from

https://www.google.com/
amp/s/rendell756719581.wordpress.com/2018/03/09/characteristics-of-
technopreneurs/
amp/
Gurango, J. (2019). Importante of Technopreneurship. Retrieved from

https://www.joeygurango.com/post/importanceoftechnopreneurship#:~:text=Appa
rently %2C%20technopreneurship%20is%20recognized%20as,
costs%2C%20and%20access% 20to%20information.
Jubilo, A. (2018). The Explainer: Technopreneurship. Retrieved from

https://www.researchgate.
net/publication/339227487_The_Explainer_Technopreneurship
Sinha, DK. (2019). Top 10 Types of Entrepreneurship - Explained. Retrieved from

https://www.
yourarticlelibrary.com/entrepreneur/top-10-types-of-entrepreneurs-
explained/40648
Vato, T (2020). What makes an entrepreneur a technopreneur? Retrieved from

https://www.quora.com/What-makes-an-entrepreneur-a-technopreneur

Unit 1 Basics of Technopreneurship

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Unit 1 Basics of Technopreneurship

Uploaded by

Copyright:

Available Formats

POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

SANTA MARIA, BULACAN CAMPUS

UNIT 1: BASICS OF TECHNOPRENEURSHIP

DESIRED LEARNING OUTCOMES

1.1.1 What is Technopreneurship?

There is a common belief in the potential of the

1. Artificial Intelligence, Machine Learning and Expert System (AIML)

Entrepreneurial Process vs Technopreneural Process

1.1 Course Overview: Why Entrepreneurship and Ideas?

Entrepreneurship is important, as it has the ability to improve standards of living

If you are knowledgeable and passionate about a specific topic

Those passionate about clothing and/or sales may want to

The demand for online education has opened up a wide

As with education, technology allows many bookkeeping

5. Medical courier service

If you have a reliable vehicle and good time

1.2 Difference between Technopreneurship and Entrepreneurship

- Creative destruction, dynamic disequilibrium brought on by the innovating

- Entrepreneur searches for charges responds to it, exploits it is an opportunity,

1.3 Nature of Advantages

The successful entrepreneur has the following advantages:

5. Few business connections

10. Fewer benefits

1.1.2 Importance of Technopreneurship

A jargon to many, Technopreneurship has not been a widely tackled topic in

As a business coach, I felt compelled to talk about the importance of

Apparently, technopreneurship is recognized as a prolific idea in today’s digital era

One of the major contributions of technopreneurship is the growth of the internet.

Consistent with the rapid market expansion as brought about by

Technopreneurship could be the source of sustainability for business-minded

1.1.3 Difference and Similarities between Entrepreneurship and

There are similarities and difference entrepreneur and technoprenuer. The

However, the two have differences, such as:

Likes to compete Likes to innovate

Is a self-starter Is a part of a team

Is able to do many things at once Is able to do many things at once, but

1.1.4 Types of Entrepreneurship

Entrepreneurs are classified into different types based on different classifications

Based on the Type of Business:

Based on the Use of Technology:

Based on the Size of Enterprise:

Based on Clarence Danhof Classification:

Based on this, he classified entrepreneurs into four types:

These are discussed in seriatim:

1.1.5 Characteristics of Technopreneurship

There are 15 characteristics to define

1.1.6 Characteristics of Entrepreneurship:

Not all entrepreneurs are successful; there are

Ability to take a risk- Starting any new venture

Innovation- It should be highly innovative to

Visionary and Leadership quality- To be successful, the entrepreneur should

Open-Minded- In a business, every circumstance can be an opportunity and used

Flexible- An entrepreneur should be flexible and open to change according to the

1.1.7 What makes an entrepreneur a technopreneur?

technological products to solve a problem in the market. Anything technopreneurial

can’t be classified as technopreneur but it can be entrepreneur nonetheless.

society, we don’t do serious specifications around entrepreneurship. Anyone who does

something bold and succeeds commercially is coined as a great entrepreneur. No matter

Balachandran, B. (2018). Technopreneurship: What it is and What it is Not. Retrieved

Byju’s, (2020). Entrepreneurship – Types of Entrepreneurship. Retrieved from

Eyas, RJ. (2018). Characteristics of Technopreneurs. Retrieved from

Gurango, J. (2019). Importante of Technopreneurship. Retrieved from

Jubilo, A. (2018). The Explainer: Technopreneurship. Retrieved from