Technology entrepreneurship is
a vehicle that facilitates prosperity in individuals, firms, regions and
nations. The study of technology entrepreneurship is there for, serves an
important function beyond satisfying intellectual curiosity.
Technology entrepreneurship may also include projects that search for problem,
applications and exploit opportunities that rely on scientific and technical
knowledge provided that their ultimate outcome is to create and capture value
for the firm.
Technology entrepreneurship is about collaborative productive decisions and not
about a single individual making of delegating decision. The firm’s top
management team jointly decides to invest in a project and a team of specialized
individuals create and capture value for the firm. The specialized individuals
and assets can be held by a single entrepreneur, manager or a distributer.
Over the last four decades, technology entrepreneurship is has become an
increasingly important global phenomena. It is perceived as necessary for
growth, differentiation, and competitive advantage at the firm’s regional and
national level.
The primary function of technology entrepreneurship is to assemble combination
of specialized individuals and heterogeneous assets in order to create and
capture value for the firm through collaboration, exploration, and
experimentation.
The combination of the assets and attributes may be unique and novel. And the
initial combination may change over time.