Introduction to Technopreneurship

Entrepreneurship is the process of designing, launching, and running a new business, often initially small, to make a profit.
Entrepreneurs are people who enter into new and pioneering ventures, using both logical and creative thinking.
They do not copy others' ideas, but instead, improve upon existing ideas and introduce them to the market.
Entrepreneurs start as self-employed individuals and eventually hire others to help them in their business.

What is Technopreneurship?

Technopreneurship is the integration of technology, innovation, and entrepreneurship.
It involves turning ideas into business ventures that rely heavily on the application of human knowledge for practical purposes.
Technopreneurship is also known as cyberpreneurship, netpreneurship, or technology entrepreneurship.
It involves the application of new inventions and advancements to create innovative products through the process of dissemination.

Characteristics of Technopreneurs

A technopreneur is an entrepreneur with the skills and mindset to deal with a knowledge economy.
Technopreneurs need to think "out of the box" and look for opportunities to innovate and improve existing products or services.
Technopreneurs are not just copycats; they find something different and unique to offer in the market.

Importance of Technopreneurship

Entrepreneurship creates employment opportunities for the entrepreneur and others.
It utilizes local resources, increasing their value and contributing to the country's economic growth.
Entrepreneurship leads to decentralization and diversification of business, locating ventures in suitable areas, including rural areas.

Types of Entrepreneurship

Incremental entrepreneurship: involves routine business with modest novelty, such as a new coffee shop or BPO.
Imitative entrepreneurship: involves imitation of a venture, using the same business model and template, such as a new regional branch or franchised operations.
Rent-seeking entrepreneurship: involves utilizing standards, regulations, and laws to share in the value of an enterprise, such as licensing patented ideas or products.
Innovative entrepreneurship: involves business based on innovation, such as new cures for diseases, new production methods, or new products.

Characteristics of an Entrepreneur

Hardworking: entrepreneurs require a lot of energy and drive to run a business.
Self-confident: entrepreneurs believe in themselves and their ability to achieve their goals.
Builds for the future: entrepreneurs understand that it may take several years to build a secure job and income based on their own abilities.
Profit-oriented: entrepreneurs recognize the importance of generating money to achieve their goals.
Goal-oriented: entrepreneurs set realistic goals and work with determination to achieve them.
Persistent: entrepreneurs continue firmly in solving problems and overcoming obstacles.
Copes with failure: entrepreneurs learn from their failures and seek new opportunities.
Responds to feedback: entrepreneurs obtain useful feedback and advice from others to improve their performance.
Sets own standards: entrepreneurs set performance standards and work to achieve them.
Copes with uncertainty: entrepreneurs handle uncertainty about sales, material delivery, and bank support without becoming too stressed.
Committed: entrepreneurs are totally committed to their business in terms of time, money, and lifestyle.
Builds on strengths: entrepreneurs base their work on their strengths, such as manual skills, interpersonal skills, selling skills, or knowledge of a particular product or service.
Reliable and has integrity: entrepreneurs are honest, fair, and reliable in their dealings.
Risk-taker: entrepreneurs take calculated risks, working out the likely costs and gains, and believing in themselves to make the risk pay off.

Introduction to Technopreneurship

Entrepreneurship is the process of designing, launching, and running a new business, often initially small, to make a profit.
Entrepreneurs are people who enter into new and pioneering ventures, using both logical and creative thinking.
They do not copy others' ideas, but instead, improve upon existing ideas and introduce them to the market.
Entrepreneurs start as self-employed individuals and eventually hire others to help them in their business.

What is Technopreneurship?

Technopreneurship is the integration of technology, innovation, and entrepreneurship.
It involves turning ideas into business ventures that rely heavily on the application of human knowledge for practical purposes.
Technopreneurship is also known as cyberpreneurship, netpreneurship, or technology entrepreneurship.
It involves the application of new inventions and advancements to create innovative products through the process of dissemination.

Characteristics of Technopreneurs

A technopreneur is an entrepreneur with the skills and mindset to deal with a knowledge economy.
Technopreneurs need to think "out of the box" and look for opportunities to innovate and improve existing products or services.
Technopreneurs are not just copycats; they find something different and unique to offer in the market.

Importance of Technopreneurship

Entrepreneurship creates employment opportunities for the entrepreneur and others.
It utilizes local resources, increasing their value and contributing to the country's economic growth.
Entrepreneurship leads to decentralization and diversification of business, locating ventures in suitable areas, including rural areas.

Types of Entrepreneurship

Incremental entrepreneurship: involves routine business with modest novelty, such as a new coffee shop or BPO.
Imitative entrepreneurship: involves imitation of a venture, using the same business model and template, such as a new regional branch or franchised operations.
Rent-seeking entrepreneurship: involves utilizing standards, regulations, and laws to share in the value of an enterprise, such as licensing patented ideas or products.
Innovative entrepreneurship: involves business based on innovation, such as new cures for diseases, new production methods, or new products.

Characteristics of an Entrepreneur

Hardworking: entrepreneurs require a lot of energy and drive to run a business.
Self-confident: entrepreneurs believe in themselves and their ability to achieve their goals.
Builds for the future: entrepreneurs understand that it may take several years to build a secure job and income based on their own abilities.
Profit-oriented: entrepreneurs recognize the importance of generating money to achieve their goals.
Goal-oriented: entrepreneurs set realistic goals and work with determination to achieve them.
Persistent: entrepreneurs continue firmly in solving problems and overcoming obstacles.
Copes with failure: entrepreneurs learn from their failures and seek new opportunities.
Responds to feedback: entrepreneurs obtain useful feedback and advice from others to improve their performance.
Sets own standards: entrepreneurs set performance standards and work to achieve them.
Copes with uncertainty: entrepreneurs handle uncertainty about sales, material delivery, and bank support without becoming too stressed.
Committed: entrepreneurs are totally committed to their business in terms of time, money, and lifestyle.
Builds on strengths: entrepreneurs base their work on their strengths, such as manual skills, interpersonal skills, selling skills, or knowledge of a particular product or service.
Reliable and has integrity: entrepreneurs are honest, fair, and reliable in their dealings.
Risk-taker: entrepreneurs take calculated risks, working out the likely costs and gains, and believing in themselves to make the risk pay off.