sub deck topic 2

• Technopreneurship is the integration of Technology, Innovation and Entrepreneurship.
• Technopreneurship is the act of turning “something” into a resource of high value by converting good ideas into business ventures that relies heavily on the application of human knowledge for practical purposes.
• Entrepreneurship in the field of technology is a firm in which technology plays a critical role in their operations.
• Technopreneurship is the process of engineering the future of an individual, an organization or a nation.
• Application of the newest inventions and advancements in coming out with new and innovative products through the process of dissemination is a part of Technopreneurship.
• Manufacturing of hi-tech products or making use of hi technology to deliver products to consumers is a part of Technopreneurship.
• Exhaustive use of and Exploitation of technology in making profit is a part of Technopreneurship.
• Discovering Gaps: Environmental Alertness, Mental Alertness, Research and knowledge seeking behaviors, Eye for Detail are key ideas of Technopreneurship.
• Seeking & Creating Opportunities: What do you see ?, A problem or a challenge, Always distinguish between risk and uncertainty, Uncertainty is an opportunity for Innovation, Opportunities abound, see or create them are key ideas of Technopreneurship.
• Knowing and leveraging your strengths: Areas of expertise, What comes to you naturally, Areas you can leverage in a synergy, Skills, knowledge & proven Abilities are key ideas of Technopreneurship.
• Developing a viable business plan: Step 1 : Define your business, Step 2 : Determine your target audience, Step 3 : Understand the 5 forces that impact your business, Step 4 : Create a competitive strategy, Step 5 : Project your final performance are key steps in developing a viable business plan.
• Monetizing Your Creations: Revenue Models, Subscriptions, Advertising are various possible revenue models.
• Various Possible Funding models: Concept of 3 F’s, Friends, Family, Foes are various possible funding models.
• Final Thoughts: Always Keep Abreast of Your Environment and Develop and Opportunity Seeking Mindset, Translate your Dreams into Visions, Your Visions into Mission, your Mission into Action and your Actions into Cash, Keep the Right Company, they would Help your Growth, Learn, Innovate, Compete, Collaborate and Repeat are final thoughts on Technopreneurship.