TECHNOPRENEURSHIP 3

Dr S. Murebwa PhD in
Entrepreneurship
 Technopreneurship

Why become a
Technopreneur
Elaborate reasons for
becoming an
entrepreneur
 Technopreneurship

Why become a
Technopreneur
Employment creation
Personal
Family
Community
 Technopreneurship

Why become a
Technopreneur
Autonomy
Being one’s own boss
 Technopreneurship

Why become a
Technopreneur
Wealth creation
Profit
Desire to become
wealth
 Technopreneurship

 Discussion Point
How justified is the view
that engineering
graduates should choose
technopreneurship as a
career
 Technopreneurship
Features of Technopreneurs
Technology savvy
They are technical &
have technical
knowledge
Technical skills
 Technopreneurship
 Features of Technopreneurs
 Technology savvy
They possess the ability
to use technology as a
key and integrated
component of goods and
services
 Technopreneurship
Features of Technopreneurs
 Technology savvy
 Use technological
innovations and
translate technology into
successful products or
services
 Technopreneurship
Features of Technopreneurs
Technology savvy
Technopreneurs are
technological pioneers
and intelligent
 Technopreneurship
Features of Technopreneurs
They
are thinkers
Technopreneurs think
 Technopreneurship
 Features of Technopreneurs
 Visionaries
 They generate unique
ideas.
 They are always thinking
of innovative solutions and
want to build businesses
that stand apart in a crowd
 Technopreneurship
Features of Technopreneurs
Risk taking
They are risk takers.
 Technopreneurship
 Features of Technopreneurs
 Focus
 Are not only high risk takers
but also highly focused on
seeing through the incubation
of their ideas, and the eventual
market debut of the innovation
that offer new solutions to
social and economic challenges
 Technopreneurship
Features of Technopreneurs
 Resilient
 Failureor fear of not
succeeding does not
stop them from trying
to turn their idea into
reality!
 Technopreneurship
 Features of Technopreneurs
 Resilient
They are extremely

resilient, learn quickly from
their mistakes and move on
to find solutions rather than
dwelling over what went
wrong in the first place
 Technopreneurship
Features of Technopreneurs
Teamplaying
Good leadership skills
and team spirit are
very important for
technopreneurship
 Technopreneurship
Features of Technopreneurs
Team playing
Finding the best team
that helps bring the
vision and ideas into
reality
 Technopreneurship
 Features of Technopreneurs
 Team playing
 Capability of working in a team
Entrepreneurship is not a one-man
job.
 One has to liaise and collaborate
with people from various
backgrounds at different levels and
build a team that is as happy and
content with them as they are.
 Technopreneurship

 Technopreneurial Process
A process of creativity and a
process of mainstreaming
innovation to continually find
solutions to problems and
implementing the solutions
to satisfy the economy and
or target
 Creativity
Conceptualisations,
Definition & Meanings
Understanding Creativity
Creativity
It
is a human activity
which produces
something new and
unique
Understanding Creativity
Creativity
It is the generation of
new ideas.
It is defined as original
thinking (Amabile,
1988)
Understanding Creativity
Creativity
It is the ability to come
up with ideas that are
new, surprising and
valuable (Boden, 2004).
Understanding Creativity
Creativity
The formation of novel,
appropriate and useful
ideas by individuals or
small groups.
Understanding Creativity
Creativity
It is the ability to challenge
assumptions, break
boundaries, recognise
patterns, see in new ways,
make new connections, take
risks, and seize upon chance
when dealing with a problem
Understanding Creativity
Creativity
It is defined as a
process of finding and
solving problems
(Basadur et al., 1982)
Understanding Creativity
Creativity
It is an ability to discover
something new, to adapt
the available knowledge
purposefully and solve
the problems originally,
flexibly and effectively.
Understanding Creativity
Creativity
It is defined as a
creative use of existing
knowledge (Henard &
McFadyen, 2008)
Understanding Creativity
Creativity
It is defined as an ability
to create new
combinations between
fields of knowledge
(Mahmoud-Jouini &
Charue-Dupoc 2008).
Understanding Creativity
Creativity
What is the outcome of
Creativity?
Understanding Creativity
The outcome of Creativity?
Ideas
Discoveries
Insights
Knowledge
 Creativity
Discussion Point
Demonstrate the role of
creativity in
technopreneurship
Innovation & Technopreneurship
Innovation
What is the role of innovation
in technopreneurship?
 Innovation
 Innovation
 Innovation as a process
 It is generating ideas and
putting them into practice to
overcome challenges and exploit
opportunities.
 It is the introduction of new
things
 It is the development of new
things.
 Innovation
Innovation as a process
Ideation Phase
The idea generation phase
includes all the steps from
idea creation to the decision
of implementing the idea.
 Innovation
Innovation as a process
Implementation Phase
The implementation phase is
seen as an experimentation
process, where trial and error
is repeated in an effort to
achieve an innovative result.
 Innovation
Stages of the Innovation as a
process
1. Idea generation
2. Idea screening
3. Concept development & Testing
4. Prototype development
5. Production
6. Market testing
7. Commercialisation
 Innovation
Innovation Process
Idea screening
Why should ideas be
screened?
 Innovation
Innovation Process
Concept Development &
Testing
A detailed description of an
idea explained from the
perspective of customers
It is what the company wants
the customers to think about
the product.
 Innovation
Innovation as outcome
New products
New quality of existing
products
New production methods or
processes
 Innovation
Technovations
Scientific
innovations
Technological innovations
 Innovation
Innovation
Innovation
as a outcomes of
a process
New products
New quality of existing
products
New production methods or
processes
 Innovation
Idea evaluation
What is idea evaluation?
Why should ideas be
evaluated?
Who should evaluate the
ideas?
What factors are considered
in the evaluation exercise?
 Innovation
Idea evaluation
What is idea evaluation?
It is the process of
determining whether the idea
is good or bad before the org
commits resources to it.
 Innovation
Idea evaluation
Factors for evaluating ideas
Discussion Point
Using examples of ideas for
an innovation, discuss the
factors for evaluating idea for
a new technology
 Innovation
Idea evaluation
Factors for evaluating ideas
Value
Suitability
Acceptability
Feasibility
Enduring
 Innovation
Discussion Point
1. Demonstrate the role of
innovation in
technopreneurship