Conceptual Framework on Technopreneurship

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SELP Journal of Social Science
Vol. VII, Issue. 27 ISSN : 0975-9999 (P), 2349-1655 (O)
January - March 201692
Introduction
Entrepreneurship is one of dynamic tools
to endorse the economic development of the
country which facilitate to accomplish the
sustainable and balanced growth. Promoting
entrepreneurship is the mission of the country
that accelerates the employment generation,
income generation, improving life style and
removal of poverty. Therefore every country
concentrates to promote the entrepreneurship
through its innovative policies and incentives.
India is one of the emerging countries in the field
of entrepreneurship with multi dimensional
aspects, which makes specialized financial
institutions at national and state level, technical
consultancy organizations and other specialized
institutions to encourage the entrepreneurship
which is connected with technology and
innovations.
Available online @ www.selptrust.org
ISSN : 0975-9999 (P) 2349-1655 (O)
Research Impact Factor : 1.056
Vol. VII, Issue. 27
CONCEPTUAL FRAMEWORK ON TECHNOPRENEURSHIP
M. Selladurai
Ph.D Full Time Research Scholar
PG & Research Department ofCommerce
Periyar E.V.R College (Autonomous), Tiruchirappalli - 23
ABSTRACT
Technology is one of the dominated factors in the present day industrial establishment.
Application of technology is transformed into technology based business play a key role in the
entrepreneurship. Technopreneurship it is a simple entrepreneurship in a technology intensive
context. It is a process of merging technology prowess and entrepreneurial talent and
skills. Technopreneurship is one of the emergent concepts in the topical developments in
business particularly in developing countries. This paper makes an attempt to disclose the
conceptual background of the Technopreneurship.
Keywords: Technopreneurship, entrepreneurship, technology, industrial establishment
Technopreneurship it is a simple
entrepreneurship in a technology intensive
context. It is a process of merging technology
prowess and entrepreneurial talent and skills.
Technopreneurs is the person who destroys the
existing economic order by introducing, new
products and services, by creating new forms
of organizations and by exploiting new raw
materials. More opportunities and prospectus are
associate with technopreneur in the recent origin.
Therefore the proposed research work provides
an opportunity to explore the issues and
challenges of technopreneur with respects to
mew start up.
What is Technopreneur?
Technopreneur can be defined only with
help of his or her application of technology in
the business. A person who sets up a business
concerned with computers or similar technology.

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A technopreneur is an entrepreneur who is
technology savvy, creative, innovative, dynamic,
dares tobe different andtake the unexplored path,
and very passionate about their work. They take
challenges and strive to lead their life withgreater
success. They don’t fear to fail.
What is Technopreneurship?
Now a day new types of entrepreneurs
are emerging owing that the nature of specialised
skills and innovations. Technopreneur is the
person who destroys the existing economic order
by introducing, new products and services, by
creating new forms of organizations and by
exploiting new raw materials. It is someone who
perceives an opportunity and creates an
organization to pursue it.
Who is Technopreneur?
Definition of the Technopreneurs have
been given by various experts in different
situations, the following are the major definition
cited by the experts
A person who destroys the existing
economic order (creative destruction) by
introducing newproductsand services by creating
new forms of organizations and by exploiting
new raw materials. (Schumpeter, 1934)
A person who undertakes risks (by
creating an enterprise or business) that has the
chance of profit (or success). Technopreneurs
distinguish themselves through their ability to
accumulate and manage knowledge, as well as
their ability to mobilize resources to achieve a
specified business or social goal. (Kuemmerle,
2002)
The technopreneur is a bold, imaginative
deviator from established business methods and
practices who constantly seeks the opportunity
to commercialize new products, technologies,
processes, and arrangements. (Baumol, 2002)
The technopreneur distinguishes logic
from tradition, tradition from prejudice, prejudice
from common sense and common sense from
nonsense while integrating a variety of ideas from
diverse groups and disciplines. (Manuel Cereijo,
2002)
Technopreneurship
Technology is a magical word that has
transformed the world today. Not only has it
made life easier, in fact much easier, it has also
accelerated it. Most of the work is done simply
in minutes without much ado. Technology is
nothing but the usage and knowledge of tools,
crafts, organizational methods and systems to
solve certain problems or provide services.
Entrepreneurship, like technology has
added another dimension to the human life. It is
impossible to not notice that all forms of
employment today have arisen from some or
other form of entrepreneurial venture.
Entrepreneurship and technology both are
products of the human genius and equally
marvellous is the compound that is formed by
merging the two together for benefit of the
society. There have been various forms of
entrepreneurship that have developed over the
ages. From entrepreneurship for profitable
purposes to social entrepreneurship, the world
is now welcoming Technopreneurship.
Technopreneurship is a jargon that
stands for the merging of technology with the
entrepreneurial skills. Simply put, a
Technopreneur is an entrepreneur who is tech
savvy and is using technology for the purpose
of entrepreneurship.
Conceptual Aspects Of Technopreneurship
Cezar Scarlat (2014) the aim of the
paper is to launch a provocative discussion on
the newly coined term Technopreneurship, and
even newer concepts as Technowledge
(technology knowledge) and, therefore,
Technowledgepreneurship (technology
knowledge entrepreneurship). Mostly
conceptual, based on significant literature survey,
the paper explores the entrepreneurshipbordering

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areas, and the discussion stimulated by this paper
may be important for scholars and entrepreneurs
alike.
Honorata Dimapilis (2013) the
objective of the study was to determine among
the selected local entrepreneurs, how many of
them are open to the idea of innovation and if
they are, in what capacity have they innovated
their business? Innovation for a business does
not necessarily apply just for the overall make-
up of the final product or service for it may also
be in terms of the process that is used in the
daily operations. The results of the study are
significant for the academe particularly those
engage in teaching entrepreneurship since it
presents results indicating if entrepreneurs are
applying innovation.
Selvarani.Aand KanagarajVenusamy
(2015) stated that, technopreneurship it is a
simple entrepreneurship in a technology intensive
context. It is a process of merging technology
prowess and entrepreneurial talent and skills.
(Technology + Entrepreneurship =
Technopreneurship). A person who undertakes
some risk that has the chance of profit.
Technopreneur distinguishes themselves through
their ability to accumulate and manage
knowledge, as well as their ability to mobilized
resources to achieve a specified business or
social goal.
Okorie N.N, Kwa D.Y et.al. (2014) this
paper focus on the relevance of adopting
technopreneurship as a way of societal
development, thus establishing the inter-
relationship between the scientist, engineers and
the business sector with aim of enhancing
proficiency in research and development. This
paper also has brought to the fore the critical
need for underdeveloped and developing nations
to realize and urgently begin to promote and
appropriate technopreneurship as a way of life
among its citizenry.
Nurwahida Fuad and Abdul Manaf
Bohari (2013) concludes that, in context of
technopreneur business, competitive advantages
is the top most issues that facing by women
entrepreneurs especially for sustaining their
market positionand profitability.Thedramatically
change of technopreneur landscape has exposed
the women technopreneur with some of global
challenges. This study has adopted the model of
Porter Five Forces by Michael Porter to
understand the competitive advantages as faced
by women technopreneur.
Syed Khurram Ali Jafri et.al. (2013)
suggested that, sustainable growth of firms is
highly related to the Technopreneurship
development robustness in a region. Where
importance of innovative capability in
development of a technology based firm had been
considered inevitable, the essentiality of
managing this innovative capability for long-term
business success has evolved vividly in the recent
years. Literature reveals dire need of research
on attaining sustainable growth in women owned
SMEs.
Reza Vazifeh Dolatabadi and
MohammadRezaMeigounpoory (2013) intheir
article, effective factors on the process of
technological corporate-entrepreneurship in
active technology companies in the field of
nanotechnology in Iran are being evaluated and
identified and eventually offered a new
conceptual model of corporate
technopreneurship process in active knowledge-
based technological firms in nanotechnology area.
The results of this paper can be used for the
optimization of corporate nano-
technopreneurship of active knowledge-based
technological firms in all of world countries.
Hemantkumar P, Bulsara et.al.
(2013) suggested that, the best solution to solve
a problem of unemployment, in country like
India, is to have as many Job Creators as
possible, so we need Entrepreneurs. Various

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Government and Non-Government agencies are
doing lot of work to promote Entrepreneurship.
Particularly Government of India is doing great
work to promote Techno-Entrepreneurship by
providing support through various agencies
under the umbrella of Department of Science
and Technology (DST). This paper will show a
research gap, in the context of India, in the area
of Techno-entrepreneurship through Technology
Business Incubation.
Benyamin Lakitan (2013) observed
that, there is no doubt that technopreneurship
must be encouraged and facilitated. However,
all aspects of technopreneurship should be
carefully and comprehensively examined in order
to fully understand the challenges in every phase
of the technopreneurship development. Policy
of the HEI and RDI in developing technologies
should be properly directed and their R&D
capacity should be continuously improved such
that they will be able to create technologies
relevant to user’s needs, technically reliable, and
economically competitive.
Kasthoory Rajalingam (2014) noted
that, the term “technopreneur” is relatively new
and is positioning its prominence through the
linkages of science, engineering and
management. It is a job description, which has
unfolded through the realization that the
knowledge of entrepreneurship is insufficient
with the absence of a sound grounding of
technological related substance. Hence, this
green paper presents an authorial perspective as
to how the role of technopreneur will be able to
construct an ethical business climate with a
special emphasis on nanotechnology.
Hanis Syazwani Kamarudin and
Sulaiman Sajilan (2013) in their article, the
creative industries are fast becoming an important
income generator for a nation’s economy. This
is evidenced in a report by the United Nations
Conference on Trade and Development
(UNCTAD), confirming that the creative
industries generate income and job opportunities.
This paper looks at the barriers to the success
of animation technopreneurship and possible
factors that may well contribute to the success
of this field of enterprise.
Abdul Talib Bon (2010) this study
purpose is to provide a new model and concept
to develop excellence centre for
technopreneurship studies in the university. The
research focus of the technopreneur centre goes
beyond the domain of traditional interdisciplinary
technology. The objectives of developing
excellent centre to give focus as a guidance and
exercise centre to students and staffs in
successful technopreneurs.
Muhammad Harlanu and Agus
Nugroho (2015) this study is to find out the
actual existing entrepreneurship education profile
at vocational school and teachers’ perception
regarding the importance development of
technopreneurship education model at school.
Some governmental vocational schools in
Semarang were investigated. This study worked
on descriptive qualitative and quantitative
methods.
Hardi Emrie Rosly, Junainah Junid
et.al. (2015) suggested that, Creativity is the
act of coming up with an idea. In order to
contribute to economic growth, entrepreneurs
are currently adapting creativity in their business
operations. This study seeks to find out level of
creativity of science and technology (S&T)
cluster students’ of University Technology Mara
(UiTM) and how does it affect them in terms of
technopreneurship intention.
Dutse.A.Y, Ningi.S.I et.al. (2013) the
study identified and reasserts the position of
microfinance as a central policy and research
issue in the development of technopreneurship
and enterprise growth among MSMEs in Nigeria.
With these potentials, the desired output such as
to improve national productivity and
competitiveness will be achieved.

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Mohd Abdullah Jusoh and Hazianti
Abdul Halim (2006) it is evidenced by the
commitment put by the government to support
entrepreneurial activity around the country by
having various “farming” programs such as
incubation programs and communication
programs for technopreneurs to grow. Future
research could comprehensively examine the
effectiveness of the development process by
comparing the technopreneurs who undergone
the process until graduation with the
technopreneurs who do not go through the
process.
Mohd Asruladlyi Ibrahim et.al.
(2015) highlighted that, tele centre is one of the
methods used by the government to bridge the
digital gap in Malaysia. Issues and matters of
this study are how far the effectiveness of tele
centre in helping to bridge the digital gap and
developed technoprenur. Data were collected
through interview and observation. Cumulative
data were analysed in descriptive. The study
found that this programme is capable to give big
impact on the socio-economic community.
Vera Pujanis et.al. (2015) this study
investigates e-commerce adoption in small
business and developing country such in
Indonesian case and small travel Enterprises
(STEs). The research study focuses on
electronic travel (e-travel) adoption as a
subdivision of electronic commerce (e-
commerce) in Padang, West Sumatra Province.
The research would be undertaken descriptively
using purposive sampling technique is used for
5-STE’s as the no adoption e-travel.
Prabjot Kaur and Mahesh Belwal
(2011) the case study in this paper demonstrates
the potential for developing entrepreneurship in
rural areas of India by bringing their new
thoughts into execution within the set boundary
of limited resources. The innovation (Bio gas
from kitchen domestic waste) as shown in the
study has proved that nothing is useless i.e. even
the waste lying aside the road and residues from
the kitchen can come into purpose if a person
has an attitude of seeing it useful (not scrap) and
could utilize it optimally resulting into bio gas.
Kevin Walker (2012) this paper, using
Shane’s entrepreneurial process model, seeks to
determine what processes, procedures, and
organizations are critical in terms of creating an
environment conducive toward encouraging
researchers to form new firms, university spin-
offs, based on their research.
Conclusion
Entrepreneurship is a way of thinking
and acting that is opportunity obsessed, holistic
approach and leadership balanced for the purpose
of wealth creation. Searches for change,
responds to it, and exploits it as an opportunity.
Innovation is the specific tool of entrepreneurs,
the means by which they exploits change as an
opportunity for a different business or a different
service. Technopreneurs are skilled in applied
creativity, thrive in response to challenge, and
look for unconventional solutions. They
experience challenges, create visions for
solutions, build stories that explain their visions,
and then act to be part of the solution. Therefore
there is a vast growth opportunities for the
technopreneurship in the world particularly in
the developing country. Technology based start-
up should be the alternative solution to the
sustainable and inclusive enlargement; hence
Technopreneurship is needed in an hour for the
consistent growth of the economy of the
country.
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Abdul Talib Bon (2010), New Model and Concept
for Technopreneurship Studies in University
through Excellence Centre, Persidangan
Kebangsaan Pendidikan Kejuruteraan dan
Keusahawanan, 25-26 September 2010
Baumol (2002) Entrepreneurship, Innovation and
Growth: The David Goliath Symbiosis, Journal
of Entrepreneurial Finance and Business
Ventures

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Conceptual Framework on Technopreneurship

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