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Definition of Terms Technology

The document provides definitions for key terms related to technopreneurship. It defines technology as the application of scientific knowledge for practical purposes, especially in industry. An entrepreneur is defined as an innovator who recognizes opportunities, converts opportunities into marketable ideas through time and effort, assumes risks to implement ideas, and realizes rewards. Technopreneurship is defined as identifying modern technologies and creating technological opportunities by developing commercial products and services that rely on applying human knowledge for practical purposes.

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Sunshine C. Doroteo
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48 views2 pages

Definition of Terms Technology

The document provides definitions for key terms related to technopreneurship. It defines technology as the application of scientific knowledge for practical purposes, especially in industry. An entrepreneur is defined as an innovator who recognizes opportunities, converts opportunities into marketable ideas through time and effort, assumes risks to implement ideas, and realizes rewards. Technopreneurship is defined as identifying modern technologies and creating technological opportunities by developing commercial products and services that rely on applying human knowledge for practical purposes.

Uploaded by

Sunshine C. Doroteo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Introduction to TECHNOPRENEURSHIP

Lesson 1
The field of technology entrepreneurship is in its infancy when compared to other fields such as
economics, entrepreneurship, and management. 
Technology entrepreneurship has more to do with collaborative production based on a shared
vision of future changes in technology.

Definition of Terms
Technology

“the application of scientific knowledge for practical purposes, especially in industry”


"advances in computer technology"
“machinery and equipment developed from the application of scientific knowledge”

ENTREPRENUER
An innovator or developer who recognizes and seizes opportunities; converts
these opportunities into workable/marketable ideas; adds value through time, effort, money or skills;
assumes the risks of the competitive marketplace to implement these ideas; realizes the rewards
from these efforts.(Kuratko & Hodgetts,2007)

ENTREPRENEURSHIP?
Entrepreneurship is the practice of embarking on a new business or reviving an existing business by
pooling together a bunch of resources in order to exploit new found opportunities.

Technopreneur
defies the present economic order by ideating a product or service that uses
technological solutions to change the traditional way of doing something.
Generally speaking, a technopreneur is a tech-savvy, creative, driven, innovative and
dynamic person who thinks out of the box. 
Technopreneurship:
comprises identifying modern technologies and even creation of technological
opportunities by the presentation of commercial products and services.” – Blanco, 2007

“integration of technology, innovation and entrepreneurship”.

“Act of turning “something” into a resource of high value by converting good ideas into
business ventures that relies heavily on the application of human knowledge for practical
purposes. “

“Entrepreneurship in the field of technology.”

“Process of engineering the future of an individual, an organization or a nation.”

“Application of the newest inventions and advancements in coming out with new and
innovative products through the process of dissemination.”

“Manufacturing of hi-tech products or making use of hi technology to deliver product to


consumers.”

“Exhaustive use of technology in making profit.”

Self Check

1. What are the 2 words used in TECHNOPRENEURSHIP?


2. What is TECHNOPRENEURSHIP?

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