TECHNOPRENUERSHIP

NEL C. HERNANDO, RME, MBA

What is Technopreneurship?

 The term technopreneurship is a combination of the words ‘technology’ and

‘entrepreneurship’. It is a type of technology-related entrepreneurship. However,
unlike entrepreneurship which may often be a one-person show, it requires tech-
savvy, creative, imaginative people who can take on a calculated risk.
 A technopreneur in today’s world starts their business with little more than a
brainstorming notion. They examine current methods and consider some fresh
ideas for doing things differently. Therefore, technopreneurship involves the
creation of a product or solution that employs technology solutions to transform
the way people do things in a traditional method.
Importance of Technopreneurship

 Technology has enabled everything to be effectively managed, time-efficient, and

cost-effective in a company
 Entrepreneurs may come up with both odd and sensible ideas for their company;
thereby helping it expand in terms of profit, revenue, and other important business
metrics.
 For many years to come, technopreneurship will continue to assist in finding work
by developing or inventing a new product.
Technopreneurship’s Role in the
Country’s Economic Development

 Technopreneurs play a significant role in the economy because they use

technology to create and improve goods, services, and manufacturing processes.
These include ICT and multimedia SMEs, seed-stage ICT and multimedia
businesses, and ICT and multimedia start-ups.
 When firms start out, the pool of job prospects grows since they require labor to
manage all of their activities. Similarly, technopreneurship provides jobs and
assists the country in combating unemployment. It boosts the economy’s
employment rate.
Examples of Technopreneurs

 Uber
 Tesla, SpaceX and PayPal
 Facebook
 Microsoft
 Google
How to Become a Successful
Technopreneur

 Gain Full Tech Stack Knowledge

 Be Persistent
 Trust Intuition
 Maintain Flexibility and Resilience
 Be Ready for Competition