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Technopreneurs Characteristics ﴾Fully

Explained﴿
October 16, 2022

 Article Views: 76

The characteristics of technopreneurs are different from the Characteristics of

entrepreneurs. Technopreneurs are the new breed of entrepreneurs in today’s
context. As we all know we are living in a digital world today. The result of industrial
revolution 4.0 stimulates entrepreneurs to be technological entrepreneurs to face
growing competition. During this article, we are discussing,

Table of Contents

1. Technopreneurs
2. Characteristics of Technopreneur and Technopreneurship
1. Technopreneurs are more Innovation‐Oriented
2. Technopreneurs Start Small and Grow Big
3. Technopreneurs Planning Future
 3. Technopreneurs Planning Future
4. Technopreneurs are Part of the Team
5. Technopreneurs are not Afraid to Fail
6. Technopreneurs Update with the Latest Technology
7. Technopreneurs Make a Platform, Not Just a Product
8. Technopreneurs are more flexible
3. Conclusion

Technopreneurs

Technopreneur

The term “Technopreneurs” developed from the words “technology” and

“entrepreneurship”. It refers to the capability to make a value‐added commercial by
using technological innovation. This involves both products and processes. The term
technopreneurs have gradually developed from era to era. It starts with the term
Electric Entrepreneur and is developed as Digital entrepreneurs, Online
entrepreneurs, Cyberpreneur, IT Entrepreneurs, and E‐commerce entrepreneurs.
Today world mostly uses the term Technopreneurs to describe tech‐based
entrepreneurs.

Read the history of Technopreneurship – Click here

Technopreneur constructs a positive business environment, offers well‐capable

Technopreneur constructs a positive business environment, offers well‐capable
human resources, and facilitates a conducive social environment. Technopreneurs
support driving the growth of the employment rate and enable a higher quality of
community life. The synergy between schools, corporations, and technopreneurs are
connected by innovation and human resource.

We can simply say technopreneurship is a combination of entrepreneurship and

technology. It means technopreneurs are a type of entrepreneurs who do the same
thing done by entrepreneurs. It is solving problems to create wealth. But they are
especially related to solving problems by using technology. We can identify
differences as well as similarities between entrepreneurs and technopreneurs. There
are no differences between entrepreneurs and technopreneurs by recognising
problems and giving answers to them, determining risks and taking risks, enjoying
challenges, hardworking and being keen to stick with a task.

On the other hand, entrepreneurs and technopreneurs were different ones to one.
Entrepreneurs like to contest and they are self‐starters, they can do multiple things at
one time and are inspired by a strong passion to achieve and attain financial success.
Technopreneurs like to innovate, they are an aspect of a team, and can do multiple
things at one time but chooses to empower, inspired by a strong vision and their
desire to innovate.

Read Entrepreneur and Technopreneur – Click here

There is a vital connection between the growth of Technology, Innovation, and

entrepreneurship. Entrepreneur forms the substructure where science and
technology are made. As we understand it, technopreneurship still virtually includes
the notion of entrepreneurship. Technopreneurs are different from entrepreneurs
involved in delivering innovative hi‐tech products. Technopreneur also innovatively
uses hi‐tech to deliver their products to customers. Technology‐based entrepreneur
or technopreneur is the process and formation of new businesses that apply
technology and these technopreneurs use technological innovation and decode the
technology into products or services.

Unexpected rapid technological changes, cyber security issues, wide skill gaps, and
the rise of robotics are some challenges that technopreneurs face today. Overcoming
these challenges and moving the world forward by using technology is the
these challenges and moving the world forward by using technology is the
technopreneur’s task in today’s context. Technopreneurs have the capacity and
character to overcome these challenges.

Read Issues and Challenges for technopreneurs – Click here

Characteristics of Technopreneur and Technopreneurship

We can identify special characteristics of technopreneurs. These characteristics help
technopreneurs to be more special compared to entrepreneurs. Those characteristics
are,

Characteristics of Technopreneur and Technopreneurship

1. Technopreneurs are more Innovation‐Oriented

2. Technopreneurs Starts Small and Grow Big
3. Technopreneurs Planning Future
4. Technopreneurs are Part of the Team
5. Technopreneurs are not Afraid to Fail
6. Technopreneurs Update with the Latest Technology
7. Technopreneurs Make a Platform, Not Just a Product
8. Technopreneurs are more flexible

Let’s discuss those characteristics one by one.

Technopreneurs are more Innovation‐Oriented

Technopreneurs are more Innovation‐Oriented
The most changing environment context of today’s business world is the
technological environment. we can’t predict the changes in that. This is because of
the character “technopreneurs” playing in that environment. They are more
innovative‐oriented. They need to be like that because we can not assume the next
step of technological development. For example, think about the ways that
developed the E‐commerce industry in the world. how many platforms build from
that by using technology? So technopreneurs are more innovative‐oriented
compared to normal entrepreneurs.

Technopreneurs Start Small and Grow Big

How many technopreneurs do you know that started small? Most technopreneurs
started small and today they grew into multi‐billions of worth.  Instagram got its
initial funding of $500,000 to build the first version of it. Today ﴾2022﴿ its value all
almost 33.48 billion. Shutterstock starts by using 30 000 photos by Jon Oringer.
Today ﴾2022﴿ his company value is $1.82 billion. It doesn’t need big funds for a tech
start‐up. So technopreneurs start small and grow big as billions of worth of
companies.

Technopreneurs Planning Future

Compared to the normal entrepreneur technopreneurs know the exact value of their
innovation in future and they understand their worth even before their business is
performed. Compared to the other innovation technoprenerial innovation value are
quite high and predictable. This is an important characteristic that technopreneurs
have and build by them.

Technopreneurs are Part of the Team

Whether the business is related to the technological field or not, technological
experts are part of every business. A usual entrepreneur is a self‐starter but
Technopreneur is an aspect of a team. They are doing an important role in business
development.

Technopreneurs are not Afraid to Fail

Technopreneurs are not afraid of failure compared to the usual entrepreneur,
technopreneurs think of failures as lessons. They know if they correct those mistakes,
then they become a success. If you identified, all of the famous technopreneurs are
not afraid of failure they failed a thousand and thousand times before they succeed.
Technopreneurs Update with the Latest Technology
Many changes are happening in the technology environment. Day‐by‐day tech
environment updates with the latest version of it. We can identify technology
entrepreneurs or tech entrepreneurs who keep updating every day. They like new
technologies and they adopt those technologies quickly. This helps them to compete
with other firms in the industry.

Technopreneurs Make a Platform, Not Just a Product

A platform is a surface on which people can stand. Compared to the usual
entrepreneurs, technopreneurs make platforms. So many people can stand up and
perform on that platform. For example, E‐commerce platforms like E bay, and Ali
express, and skill‐selling platforms like fiver, and Upwork give chances to people to
perform.

Technopreneurs are more flexible

Due to the unpredictability of the technology environment, technopreneurs need to
be more flexible than the usual entrepreneurs. They need to take quick and difficult
decisions. Sometimes they need to change their decisions due to the quick
movement of the technology environment.

Conclusion
In this article, we discussed who is technopreneurs and what characteristics they
have. Innovation‐Oriented, Starts Small and Grow Big, Planning the Future, not Afraid
to Fail, making a Platform more than making a product or service, and flexibility are
some special characteristics that technopreneurs have.

So, what did you know about technopreneurs? We think our articles helped you to
get more knowledge about technopreneurship and technopreneurs. plz, write your
thoughts in our comment section it will help to share your knowledge with our
readers.

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