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TMC4013 Technopreneurship & Product Development

Lecture 1

Introduction toTechnopreneurship

So you want to be a Technopreneur?

Yes? No?

What is Technopreneurship?

Technology + Entrepreneurship ?

What is a Technopreneur?

Describing an entrepreneur who uses cutting- edge technology to develop new business models

-Mankani, D.

Definition of a Technopreneur

“Someone who uses technology to do something

new or invents new devices & then makes a

business from selling these new things”

-anonymous-

Entrepreneurship entails:

Understanding the situation.

Committing money and resources to pursue it.

Entrepreneurial Equation

Give up well-paying job

+

Put everything into a venture

+

No experience

=

Too Risky?

Why us rather than someone else? What are our differentiating factors?

Price? Flexibility? Meeting customer needs? Innovative in solutions? Being able to value-add?

Issues

Who is technopreneur? Why become a technopreneur? Technopreneurial motivation. Technopreneurial Traits, Characteristics and Skills.

Entrepreneurship & Technopreneurship

Entrepreneurship involves having the guts to do what you believe is right, thinking out of the box and making business out of it.

Technopreneurship is being an entrepreneur by:

Using existing technologies & suiting it to a new application

Inventing or developing a new product

-Axiom Technologies Mfg. Pte. Ltd.

Being A Technopreneur

Flexible can adapt to changing circumstances and recover from setbacks.

Visionary- have a vision of what he wants to achieve so that he is not distracted from his goal.

Practical- pointless to have ideas if they cannot be executed.

Realistic- to know that most start ups fail & that in all probability he will fail.

Being A Technopreneur

Romantic- will beat the odds & succeed. Loner- by nature but to succeed he has to be part

of a team (the more no. of productive & intelligent people, the higher the probability of success).

Leader- driving the team towards his vision (but

to succeed must also listen to his team members).

Being A Technopreneur

Greedy- for success & rewards (performance-

oriented individual who wants results, yet he has to be mindful of the contributions of his team members & may have to make sacrifices to keep a winning team).

Discipline- has to manage himself & his team

(else, his team will lose focus, dissipating their energy by duplicating tasks, squabbling and straying down blind

alleys).

Technopreneurship Who are Technopreneurs?

Technology entrepreneurs who develop an enterprise or business venture based on

innovative technological products or services.

What is Technopreneurship?

It is a socio-economic phenomenon which supports new economic growth in the k-based

economy.

Technopreneur Development Division, MSC.

MSC TDF Operational Framework

MSC TDF Operational Framework Lead Funding Spawning & facilitating the growth of technopreneurs & ICT companies
MSC TDF Operational Framework Lead Funding Spawning & facilitating the growth of technopreneurs & ICT companies

Lead

MSC TDF Operational Framework Lead Funding Spawning & facilitating the growth of technopreneurs & ICT companies

Funding

Spawning & facilitating the growth of technopreneurs & ICT companies for success
Spawning & facilitating the
growth of technopreneurs & ICT
companies for success

Market Access

morosita@fit.unimas.my
morosita@fit.unimas.my
MSC TDF Operational Framework Lead Funding Spawning & facilitating the growth of technopreneurs & ICT companies

Venture Capital

MSC TDF Operational Framework Lead Funding Spawning & facilitating the growth of technopreneurs & ICT companies

Incubation

Technopreneurship Development Flagship

Mission TDF by MSC

Facilitate start-ups and development of technopreneurs Spawn critical mass of ICT and Multimedia SMEs

Facilitate the growth of these ICT and MM companies to become world class.

Success comes from attitudes

Share the following:

  • 1. A challenge in all things

Success comes from attitudes Share the following: 1. A challenge in all things 2. A desire
  • 2. A desire to do things as best as possible

  • 3. A belief that everything can be done better

  • 4. Differentiating themselves from the rest

  • 5. Challenging the norm

Concluding Remarks

Concluding Remarks • You cannot be taught how to be an entrepreneur • You should enjoy

You cannot be taught how to be an entrepreneur

You should enjoy the challenge Innovation is the key, technology is the tool

Concluding Remarks • You cannot be taught how to be an entrepreneur • You should enjoy

Concluding Remarks

Concluding Remarks • Differentiate yourself from the rest • Don’t be caught up with the money

Differentiate yourself from the rest • Don’t be caught up with the money • Have fun

Concluding Remarks • Differentiate yourself from the rest • Don’t be caught up with the money

References

MSC Technopreneur Development Flagship, Dr Wilson Tay (Vice President), Technopreneur Development Division.

Technopreneurship and Innovation, Bernard Goh (Managing Director), Axiom Technologies Mfg. Pte. Ltd.