TECHNOPRENEURSHIPSUKRI BIN HARON019-9898203matyie61@yahoo.com

Chapter 1 Evolution of EntrepreneurshipThe wordentrepreneuris derived from the Frenchentreprendre, meaning to undertake

IntrapreneurPichot (1985) defined as individuals in organization who have high entrepreneurial characteristics

Practices their ideas on the companys products

Believes his / her talent and ability

Desires to create something with his /her own initiative and cretivity

TechnopreneurAn entrepreneur whose business involves in high technologyTechnology Savvy

Two major characteristics :Not out of greed of profits BUT he wants to innovate Confortable working with or using technology

So, it is simply entrepreneurship in a technology-intensive contextTechnology + Entrepreneurship = Technopreneurship

Difference Between Entrepreneur and Intrapreneur

EntrepreneurIntraprenurSkills and experiencesHas the same skills but with more has the same skills but still needs freedom to exploit their skillsto abide by company's policiesand proceduresEnvironment has to face the micro and macrohas to face the micro and macroenvironments such as governmentenvironments plus the coporateemployees, competitors and othersenvironmentsFailures and mistakesis held accountable for all mistakesis sheltered by the company eachmade by the companytime he/she makes a mistakeDecision-makingcan make decisions without havingshould have all the decisions to ask or depend on anybody or canrefered to co's top managementchoose not to accep any concessionRisk acceptance accepts a medium level of risk, butwilling to accept a medium level ofalways priotizes co's reputationrisk but in some cases willing toregard his job & career as collateralAttitude towards Perceives that the corp symbol is 0fis willing to sacrifice status in orderStatusutmost atmosphereto succeed

Difference Between Entrepreneur and Intrapreneur

EntrepreneurTechnopreneurlikes to competelikes to innovateis a pioneer is part of a teamis creative and has dreams and goalsis able to do many things at once but choosesto delegatelikes to work for him/herself and be controllikes to be the one to control innovation and be be part of an evolutionis motivated by a strong desire to achieveis motivated by a strong vision and the passion to innovateand attain financial successFocuses attention on the chances of success rather than the possible of failuretakes failure in stride and knows it will lead to success if correction can be made

Characteristics of A Successful EntrepreneurIs motivated by personal and family considerationsA desire for independence and a strong sense of initiativeReact quickly to changeDedicated to their business

Characteristics of A Successful Entrepreneur

Entrepreneurial ProcessOpportunity Analysis

Tecnopreneurial Process

Technopreneurship DevelopmentIn AsiaCountries like South Korea, Taiwan and Singapore changed from developing countries to Advanced economy based on technology industry.Singapore - Electronic and semiconductor with West Taiwan-Personal ComputerIndia-Innovation in automatic payment machinePhilippines-SMART PhoneChina-Chinas LENOVO 2004

Factors Contribute to ASIAs TechnopreneurshipAn inspiration from innovation of the Silicon Valley a race to build their own silicon valley

Innovation have indirectly liberated developing countries from the dependency on the Western World create opportunity for technopreneurs to come up with technology innovation.

In MalaysiaSignificance with the establishment of Ministry of Entrepreneur Development in 1996Recognizing the importance of nurturing technopreneurs Various policy regimes which include R & D and human development strategiesICT Based

National Incubator Network (NIN)Is one of the three key components of the Start-up Programme under the Technopreneur Development Division initiative.Plays an important role towards fulfilling one of the main objectives of the Division that is to capture and clustertechnopreneurs nationwide and to spawn as well as nurture a critical mass of technopreneurs, Small and Medium Enterprises (SMEs) and start-up companies involved in Information and communications Technology (ICT) and biotechnology industries.

NIN Benefits to TechnopreneursIncubator operators will provide strategic guidance, mentoring and assistance to technopreneurs.Technopreneurs located in MSC Malaysia Status incubators will be able to enjoy some of the incentives under the Bill of Guarantees.Technopreneurs will be clustered and be able to leverage from the community network and Centre of Expertise in terms of knowledge-sharing.Project collaboration with world class ICT companies/leading international incubators, technopreneurs will be able to gain added value in terms of knowledge, resources and new market access.

Benefits to incubator operatorsWorld class telecommunications infrastructure (currently extended to incubators located in MSC Malaysia designated cybercities only)Employment of foreign knowledge workersFreedom of ownershipIncome tax exemptionIntellectual property protectionGuaranteed no censorship of the internetCompetitive telecommunications tariffTendering for MSC Malaysia infrastructure projectsOne stop shop service of MDeCFreedom to source capital

SummaryEntrepreneurship is important in todays world.It is a catalyst for economic change and growth. The role of entrepreneurship in economic development involves more than just increasing per capita output and income. It involves initiating and constituting change in the structure of business and society.Entrepreneurship, through its creativity and innovation process produces new products and services to fulfil human needs. It provides specific products or services needed by customers.

Technology + Entrepreneurship = Technopreneurship