MODULE 1

INTRODUCTION TO TECHNOPRENEURSHIP
 define
technopreneurship.
At the end of this video discuss the
lecture you will be able to: relevance of
technopreneurship.
To guide students find their strengths and
passions, to give opportunities, and use
them to be successful.
TECHNOPRENEURSHIP
Technopreneurship is a combination of
technology and entrepreneurship. It is a
process of merging technology prowess and
entrepreneurial talent and skills.

It is an act of entrepreneurship in a
technology's context. It gives
more importance for the role it plays to our
society.
 Entrepreneurship is the
ability and readiness to The most prominent
develop, organize and example
run a business enterprise of entrepreneurship is
along with any of its the starting of new
uncertainties in order to businesses.
make a profit.
 Technopreneur is a new age
entrepreneur who makes use of
A person who introduces new
technology to come out with
products and services, by creating
something new to make some
new forms is called a technopreneur.
innovation. Once the person succeeds
(rubenlicera.com)
in it, he exploits his achievement in
the market to make money.
 Daniel Pink in “A Whole New Mind”
proposes that we are entering what he
calls the “CONCEPTUAL AGE”.

The future belongs to a very different kind of

people with a very different kind of mindset –
people who are creators, big picture thinkers,
empathizers and meaning makers.
 Importance of
Technopreneurship
Employment creation.
 https://closewithd.com/local-resources/

Local resources.
 https://www.theparticipanteffect.com/blog/diversification-
101-why-you-shouldn-t-put-all-your-eggs-one-basket

https://medium.com/@gpanou/why-is-decentralization-of-
decision-making-becoming-more-common-in-contemporary-
organizations-33859fff0e8b

Decentralization and diversification of business.

Promotion of technology.
https://marketbusinessnews.com/financial-
glossary/capital-formation/

Capital Formation.
https://medium.com/@socialtrendspot/4-elements-of-
entrepreneurial-culture-and-how-to-incorporate-them-into-
the-social-sector-b4baee7e3be1

Promotion of an entrepreneurial culture.

Why become a Technopreneur?
Thousands of new ventures have been set up every year around the world and
venture capitalists have invested billions of dollars into these business.

The internet is still in its infancy.

Many Technopreneur are hoping that their product, service or solution will become
the industry standard in their chosen field in the same manner as we have internet
explorer for web browsing, Amazon for online book and eBay for internet auction.

High risk for technopreneur investment but their rewards are great such as founders
of Microsoft, Amazon and eBay and their backers.
An effective development process for products or services should be
divided into a number of key stages:
Idea generation - to capture new ideas.
Idea distillation - to screen out those ideas not worth taking
forward.
Concept definition - to consider specifications such as technical
feasibility and market potential. If you're planning a new product,
you should consider the design process now.
Strategic analysis - to ensure your ideas fit into your business' strategic
plans.

Concept development - to create a prototype product or pilot service.

Test marketing and finalizing the concept - to ensure your product or service can be
modified according to customer, manufacturer and support organizations' feedback. This
means deciding the best timing and process for piloting your new product or service.
Product launch - the trickiest stage. Before setting a
date you must determine how to sell, promote and
support your product or service. Getting it right first
time is essential. But any decisions to delay your
launch should be balanced against the danger that
your competitors will beat you to market.
http://rrc05.blogspot.com/2013/07/technopreneurship.ht
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