Technopreneurship combines technology and entrepreneurship, focusing on creating innovative solutions that benefit society and the economy. It emphasizes team collaboration, problem-solving, and utilizing local resources to foster job creation and technological advancement. Successful technopreneurs, like Steve Jobs and Elon Musk, illustrate the importance of executing ideas effectively within a supportive team environment.

1. Technopreneurship
- Presented By
Archit Jain (20BCAR0250)
Suman Garai (20BCAR0246)
Utsav (20BCAR0265)

2. Contents
What it is all about ?
Successful Technopreneurs Around Us
Main Focus of Technopreneurship
Importance of Technopreneurship in Today’s Society
How can one become a Successful Technopreneur ?
What did we learn ?

3. What it’s all about?
Technopreneurship is the latest buzzword in the field of entrepreneurship. It is considered the next big thing in the
start-upecosystem. Asdefined by the Collins Dictionary,
“technopreneur are entrepreneurs who start and manage their own technology business.”
The term was first used in the year 1987. But it gained popularity around the 2000s when a large number of people
started usingthe Internet.
The term technopreneurship is a fusion of two words, technology, and entrepreneurship. It is a kind of
entrepreneurship in the field of technology. This is not a product but a procedure of synthesis to improve and create
innovate the future of a person, a nation, and the globe as a whole. It involves tech-savvy, creative, innovative
individuals who have a knack for taking a calculated risk, unlike entrepreneurship, which can sometimes be a one-
person show. In this digital world, professional development programs, as well as training, have required to succeed in
a knowledge-based society. They produce various strategic thinkers who have the relevant skills and talent to grab
success in a changing global atmosphere at a fastpace.

4. So,technopreneurshipisjustabouttechnologyonly?
Not Quite. To embark with, Technopreneurship acts as a new breed in the field of
entrepreneurship. Technopreneurship is not a solo show, so it includes individuals
who are passionate, innovative, and tech-savvy.
While the center of the stage is the technology but it all results from an excellent
idea. If you have a blockbuster idea that takes the entire tech industry by storm,
then you can become the next Steve job. Under Technopreneurship, not invention
but innovation is the key to success. It means to find out solutions for the problems
by utilizingtechnological resources.
Sometimes these ideas take a long time before it becomes a competition in the
marketplace. However, utilize that available time to build up as an entrepreneur
and boosts your technicalskillsand expand your connections.
Fig: Technopreneurship Trilogy

5. Successful Technopreneurs Around Us
Steven Paul “Steve” Jobs was the co-founder, chairman and chief executive officer of Apple Inc. He is one of a
kind, ultimate businessman and has a great mind. With his charisma, he was the innovator of the personal
computers evolution and known to be the most influence technopreneur.
Bill Gates, in full William Henry Gates III, (born October 28, 1955, Seattle, Washington, U.S.),
American computer programmer and entrepreneur who cofounded Microsoft Corporation, the world’s largest
personal-computer software company.
Visionary Technopreneur Elon Musk is the charismatic co-founder of PayPal (PYPL) and Tesla (TSLA), as well as
the founder of SpaceX, Neuralink, and The Boring Company. He serves as CEO of Tesla and CEO/lead designer of
SpaceX.
Other examples include Google by Larry Page and Sergey Brin, Dell Technologies by Michael Dell, Twitter by Jack
Dorsey, Instagram by Kevin Systrom, Uber by Garrett Camp and Travis Kalanick etc. Many other websites for online
education via on-demand streaming and student-teacher interaction, online job portals and e-commerce websites
such as eBay & Amazon are also some benchmarking technopreneurial ventures.

6. Main Focus of Technopreneurship
Provide an introduction to the technology venture creation and management through a mix ofexperiential
learning, skill building and most importantly, mind-set shift.
Hi-tech ventures in Information and Communication Technology, the internet, life services, electronics, and
biotechnology.
Service firm where the main missionis technology.
Designing of hi-tech products such as computer hardware or devices.
Use of technology in the delivery of normal business activities.

7. Importance of Technopreneurship
Needless to say, technopreneurship has played an influential role in the use of technology for fulfilling various
purposes. First off, it makes easy for people to stay in touch with each other and comes up with some unpredictable
products as well as solutions that are beneficialfor the nation.
Apart from this, it has also provided some other benefits to society and the nation that contributes to economic and
human development. Here, we are going to discuss the significance of Technopreneurship for a nation and the world
too.
Creating Employment Opportunities: Hundreds of thousands of individuals, despites being well-educated
individuals do not get a job and hence, an opportunity to prove themselves. As technopreneurial startups and
ventures grow, they tend to create a pool of career and growth opportunities as they need human resources in
different areas of function. By hiring individuals, these ventures help the nation combat one of its big concerns,
unemployment.
Local Resources: Various natural and productive resources are available that every entrepreneur can utilize for
businesssuccess.The usage of local resources increases itsvalue and reduces the rate of resource wastage.

8. Business diversification and decentralization: An Entrepreneur can find out the business opportunities and
locate them in areas that are suitableincludingremote areas.
Technological advancement: When technopreneurs come up with brilliant ideas that could improve the people’s
quality of life, they contribute significantly towards the constructive development of technology and align with
the changes and be welcoming to them. Technopreneurship is allabout that acknowledgment.
Capital formation: Investment is an integral part of a business and an Entrepreneur requires funds to start up
and take their business to the new heights. They take financial assistance from the investors and financiers and
utilizethe publicsavingsthat lead to economic development.
Promotion of entrepreneurial activities: The young generation gets a chance to work with these start-ups. It
promotes qualities in them like risk-taking skills, creativity, a strong work ethic, and passion. This young
generation of workers can, in the future, be successfulentrepreneurs themselves.

9. How to become a Successful Technopreneur ?
A technopreneur often needs to go the extra mile to be successful. Any innovative idea can sound promising, but what
matters is the execution. Exploring uncharted territories and being persistent are essential for any technopreneur. The
will to never give up, even after failures, is what distinguishes them from the rest of the population. Given below are
specificpoints that need to be kept in mind for any technopreneur to be successful:
Identify and develop your idea: It is going to take hours, sometimes weeks or months, of brainstorming to find an
industry gap and a better, alternative way to do a thing. But once you do, the best way is to keep asking yourself
the questions. Ask yourself why is this way better than the traditional way? How would it help the end consumer?
Why would they consider spending money on this? Would they actually spend any money on the new technology?
Is it too complicated? Would it make the consumers’ lives easier? Think from a consumer perspective, always.
Imagine, if you were the end consumer, would you want to use what you are creating? Once you start having
answers to these questions, your idea will be developing into a product/service/process.

10. Build an agile team: Technopreneurship is the art of combining technological fortitude with entrepreneurial
skills. A dedicated cadre of support staff is significant for any technopreneurship to be successful. If you’re not
that tech savvy, hire someone who is. If you don’t know the right way to reach your target customer group, hire a
marketing expert. Find individuals that can support you who can help you turn your idea into reality. Remember:
It is not a one-man show, it is simply team effort. Yes, you gave birth to the idea, but it is best to build a team of
talented people you can rely on for differentaspects of your technopreneurial venture.
Boosts problem-solving skills: As a technopreneur, you’ll be facing new challenges every single day, especially
in the beginning. You may have to figure out operational blockages, raising funding, budget obstacles and other
problems. To deal with what’s thrown at you, problem-solving skills are imperative. The best way is to take it
one-issue-at-a-time and fix all that is within your control. Keep in mind that if your Plan A fails, you might need
to come up with a Plan B.
Decision on the final strategy: When trying to come up with a better way of doing things, you might end up with
more than one alternative. If you do so, conduct an in-depth research of estimates, pros and cons of all the
alternatives. At the end, try choosing the most cost-effective, commercially viable and feasible option that would
also cater to the needs of the customers in the best possible way.

11. Wrapping Up
In a nutshell, the Technopreneurship business is a formula to discover innovative ideas using technology. It is the
procedure to brainstorm human innovations with the help of technology. It is basically all about finding the scope of
and making improvements with the help of technology for a company, country as well as the whole world. This form of
entrepreneurshiphas helped reduce the cost of various other businessventures.
Thank the Technopreneurship, It makes it easy for companies to develop, distribute, store, process, and even access
the information at a cheap cost. A big advantage that we should never ignore is that hitherto physical space covered
with thousands of papers and now, it is simple to store it as a technological element.
It is a revolution in the field of businessand entrepreneurshipwhichwill keep growing.

12. Thank You All
For Your Patient Listening