Technology Entrepreneurship Research Articles

Financial Disruptions and the Organization of Innovation: Evidence from the Great Depression

AbstractWe examine innovation following the Great Depression using data on a century’s worth of U.S. patents and a difference-in-differences design that exploits regional variation in the crisis severity. Harder-hit areas experienced large and persistent declines in independent patenting, mostly reflecting the disruption in access to finance during the crisis. This decline was larger for young and inexperienced inventors and lower-quality patents. In contrast, innovation by large firms increased, especially among young and inexperienced inventors. Overall, the Great Depression contributed to the decline in technological entrepreneurship and accelerated the shift of innovation into larger firms.

A Theory of Product-Form Strategy: When to Market Know-How, Components, or Systems?

Commercializing technological innovations is a strategic goal in entrepreneurial ventures and established firms. A fundamental decision that remains understudied in this context is the form in which the innovation is to be commercialized. The authors term this decision the firm's “product-form strategy” for the innovation. In Study 1, they employ a theories-in-use approach and, using in-depth interviews and field observations with technology entrepreneurs and angel investors, develop a theory of product-form strategy—to market the innovation as know-how, a component, or a system—and identify the primary drivers of this choice. The theory is tested using a multimethod, multicontext approach. In Study 2, the authors use proprietary investment proposals generated by entrepreneurial ventures when they seek support from angel investors. In Study 3, they test the theory using video transcriptions of technology proposals from the television show Shark Tank. In Study 4, the authors assess the internal validity of the theory with active angel investors as subjects. They find consistent support for their theory and conclude with implications for theory and managerial practice.

Problems and prospects of the technological entrepreneurship: experience of the Republic of Kazakhstan

Today, in order to develop the innovation and technology sector in Kazakhstan, work is underway to create favorable conditions for the development of technological entrepreneurship. The development of technopreneurship implies the existence an effective national innovation system transforming new knowledge into new technologies, products, and services. The volume of innovative products is declining; one of the main reasons is the lack of connection between science and production. Innovative entrepreneurship is underdeveloped, hence technological entrepreneurship is underdeveloped. Innovative passivity is 89.5% that is the result of internal and external factors. In the scientific community, most studies focus on external factors, but in this study, the authors recommend paying attention to the importance of in-depth study of internal factors (personal experience and cultural characteristics). The purpose of the scientific article is to identify problems and prospects for the development of technological entrepreneurship in the Republic of Kazakhstan. To conduct the study, the authors used the method of descriptive statistics, based on data from the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan. The authors applied basic statistical procedures for data analysis, analysis of basic statistics and logical analysis. The key aspects of the development of technological entrepreneurship in the Republic of Kazakhstan, highlighted by the authors, are the development of innovative ties, the knowledge economy and high-tech production. Thus, the article analyzes the level of development and factors hindering the development of technological entrepreneurship and offers recommendations that contribute to their minimization.

Technology entrepreneurship in healthcare: Challenges and opportunities for value creation

The healthcare industry is nowadays increasingly forced to adapt to new fast-paced changes, despite its conservatism. Indeed, the number of new technology entrepreneurs and technology value is increasing. In this study, we use modern literature and illustrative cases to identify patterns of technological value creation in the healthcare industry with the purpose to form an understanding of the challenges and opportunities for technology entrepreneurs. Hence, we propose a new challenges-opportunities framework for understanding technology entrepreneurship (i.e., technology innovation, technology proactivity, and technology risk-taking) as a foundation for value creation concerning the needs of patients, medical personnel and hospitals, and the whole industry. We also end the article by outlining practical implications at the micro-level (i.e., patient advocacy and technology-enabled engagement strategies), meso-level (i.e., digital health solutions and motivation for collaboration), and macro-level (i.e., trust building and infrastructure).

Technopreneurship Development: Entrepreneurship Ecosystem Analysis in Tasikmalaya

Entrepreneurship is currently an interesting topic in academic discussions because it is considered a solution for a country's economic development. However, the entrepreneurship ratio in Indonesia is currently still very low, reaching 3.47% of the total population of Indonesia. This figure is still lower than neighboring countries such as Singapore 8.76%, Thailand 4.26% and Malaysia with 4.74%. One area of entrepreneurship that is expected to encourage the business ecosystem in Indonesia is the field of technology entrepreneurship. Technopreneurship itself refers to entrepreneurial practices that focus on the development and application of innovative technology. It involves the process of creating, developing, and marketing technology-based products or services. Currently, the concrete step that is most likely to be taken is entrepreneurship. For this reason, a business development model is needed that is adapted to the needs of the technology entrepreneurship ecosystem in Tasikmalaya.

Development of Infrastructure to Support the National Technological Initiative: The Case of the Russian Federation

The modern world lives in a digital transformation. Many researchers consider this period to be a new technological paradigm or a digital economy. The widespread digitalisation of production and management processes not only affects the processes of global globalization, but also contributes to the rapid growth of the economy, enhancing living standards. While the global economy identifies some common characteristics of the development of the digital economy, there is no consistent methodological approach. The Russian Federation in the world scores to evaluate the development of the digital economy, in general, is in the group of developing countries. Therefore, at the state level, the digital transformation is recognized as a strategic priority for Russia's developers. Since 2014, the development strategy of Russia has been the National Technology Initiative (NTI), a long-term program to create new markets and lay the groundwork for Russia's technological leadership by 2035. Its first steps served as a foundation for the adoption of the national project “Digital Economy of the Russian Federation”. This study analyses the implementation of joint government and corporate efforts in this direction. It was revealed that the main NTI operators are both state institutions (state investment bank “Bank VEB”, “Innovation Promotion Fund”), and business partially government-owned communities – Agency for Strategic Initiatives (ASI), Russian Venture Company (RVC). Based on the analysis of NTI roadmaps and events, a model of institutions to support the digital economy in Russia has been built. The conclusion concerns the overall support of the State during the construction of an ecosystem of technological entrepreneurship. At the same time, there is a certain differentiation of the NTI infrastructure, tending towards large subjects of the Russian Federation with a high level of Information and Communication Technologies (ICT) development - Moscow and St. Petersburg.

ICT entrepreneurship training and job creation in post-COVID-19 in Ikeja Local government, Lagos State, Nigeria

Background: For an economy to live up to expectation in the committee of nations, Information Communication Technology (ICT) entrepreneurship training for employment generation has become a viable intervention.Aim: The purpose of the study is to interrogate the role of ICT entrepreneurship training on employment generation in post-COVID-19 pandemic in Ikeja Local Government, Lagos State.Setting: The study was conducted in Ikeja Local government area of Lagos of Nigeria.Methods: A survey design was adopted for the study. Data were collected from secondary sources, such as extant literature, journal articles, books, government records and newspapers. Primary data were collected from face-to-face interview from six key informants and structured questionnaires distributed. One hundred and eight respondents were randomly sampled. Out of 108 questionnaires administered, 104 questionnaires were returned (96%), while four non-responses were discarded. Frequency distribution method was used for exploratory analysis, while chi-square statistic was used to test the hypotheses at 0.05 significance level, using Statistical Package for Social Sciences (SPSS version 17) to analyse and interpret results. Secondary data analysis was adopted to complement empirical analysis.Results: Findings showed that ICT Entrepreneurship training has promoted job creation and reduction of youths’ unemployment in Ikeja Local Government of Lagos State.Conclusion: The study concluded that ICT entrepreneurship training promotes job creation and reduction of youths’ unemployment in Lagos State.Contribution: The study has contributed to a body of knowledge on ICT youths’ entrepreneurship education in Ikeja Local government.

Technical founders, digital transformation and corporate technological innovation: empirical evidence from listed companies in China’s STAR market

Technology entrepreneurship and corporate innovation are important for the development of indigenous innovation. In the digital age, founders are subject to fundamental changes in their strategy choices, which in turn affect corporate innovation performance. This paper aims to explore the strategic choices adopted by technical founders of listed companies in China’s STAR market to reap the rewards of innovation in a digital context. Based on the annual reports of 124 listed companies in China’s STAR Market, this paper applies machine learning methods to quantify digital transformation of enterprises, and empirically analyzes the relationship between technical founders and innovation performance by constructing a moderated mediating model. Our results show that companies with technical founders are more likely to adopt digital transformation and thus show better innovation performance. In terms of heterogeneity, the empirical results demonstrate that firms with technical founders show better performance in digital transformation, followed in turn by those with business founders and academic founders. Both the positive relationship between enterprise digital transformation and innovation performance and the mediating effect of digital transformation are positively moderated by venture capital or private equity support. The findings reveal the microscopic mechanism of the role of technology-based founders on corporate innovation performance and hence have practical implications for promoting corporate digital transformation and enhancing firm technological innovation.

The significance of technology-driven entrepreneurship activities: Lessons from SMEs operating in the manufacturing industry

Innovation in small and medium enterprises (SMEs) is often the result of technology-driven or market-pull entrepreneurship activities. So far, although its importance in practice, as well as in academia continues to grow, extant research exhibits little theory about the process of technology-driven entrepreneurship in SMEs. The study aims to better understand how technology-driven entrepreneurship processes transform business in SMEs in the manufacturing industry. Therefore, we developed a technological entrepreneurship (TE) process framework by utilizing the flexible pattern matching approach (FPMA). We iteratively compared a priori patterns from existing theoretical knowledge to empirical findings that emerged from in-depth interviews with corporate executives in the manufacturing industry. The framework highlights the TE process in SMEs leading to four output components: (1) corporate-function-related, (2) business-model-related, (3) competitiveness-related, and (4) customer-related. This study makes a unique contribution to academia by being the first that develops a TE process framework tailored to SMEs from the manufacturing industry. We point out that sustainable growth and competitiveness of SMEs depends on appropriate TE process management, and we underline the strategic importance of TE-driven transformation for SME managers. Our study expands the scope of TE and SME research and provides empirically grounded insights into technology-driven innovation.

TECHNOLOGICAL ENTREPRENEURSHIP

ABSTRACT Based on an exploratory approach, this research project aims to understand technological entrepreneurship. Eleven semi-structured interviews were conducted in 2017 with entrepreneurs who create technology, from the province of Québec, in Canada. The analysis of their experiences made it possible to identify the success factors and barriers of technological entrepreneurship. These factors were analyzed according to the stages of innovation: conception, implementation, and marketing. As a result, this research provides a portrait of technological entrepreneurship by not only providing recommendations for budding technological entrepreneurs, but also by identifying some leads for future research. Keywords Entrepreneur; Technological entrepreneurship.

Stepping towards the Green Transition: Challenges and Opportunities of Estonian Companies

Addressing the sustainability crisis requires innovative approaches such as sustainable technological entrepreneurship. The case of Estonia, as an example of a twin (digital and green) transition, is examined. We explored Estonian entrepreneurs’ perceptions of challenges and opportunities related to the green transition. The data were collected via an online survey from 532 Estonian companies, focus groups, and individual semi-structured interviews with 42 experts. Survey data were analyzed using proportional odds logistic regression, and interview data were examined using thematic analysis. Based on the interview findings, the main perceived entrepreneurial opportunities related to green transitions were increasing production efficiency and favoring taxation for green products and services. The main challenges included losing competitive advantage, coping with crises, and the need for long-term planning and significant investments. Survey findings revealed that too much pressure only from politicians and a lack of innovation might increase the likelihood of perceived company cost increases. More pressure from other stakeholders and increased innovation were associated with higher odds of viewing the green transition as an opportunity. This study provides valuable insights into the perceptions of Estonian entrepreneurs regarding the challenges and opportunities of the green transition and contributes to their categorization.

TOWARD A MODEL FOR THE POLICY REQUIREMENTS OF TECHNOLOGICAL ENTREPRENEURSHIP IN THE URBAN ECOSYSTEM

Abstract. Cities are creating an environment that encourages digital growth. Cities' capacity to facilitate and drive the development of a digital core system emphasizes the importance of cities in creating the necessary circumstances for a successful ecosystem - access to talent, access to funding, access to spaces and locations, and access to markets. Cities, on the other hand, can contribute to the creation of mechanisms such as co-investment funds, in which the public and private sectors share the risk of supporting new creative businesses. All facets of manufacturing, consumption, and regulatory services could be altered by digital technologies in our everyday routines. By introducing new capabilities and business models, as well as by influencing their environment and the policy systems that govern them, they will have a significant impact on entrepreneurial ecosystems. In this article, we are looking for a model that may express policy requirements of technological entrepreneurship in the urban ecosystem, based on knowledge about the importance and requirements of entrepreneurial ecosystems, the smart city approach, and the knowledge-based development strategy.A comparative analytical method was used to conduct this research. We review the literature on ecosystems, urban ecosystems, smart cities, and knowledge-based urban development. Then we classified the parameters of each and presented how these categories are related in a model. In the research literature and in an executive position, dealing with a model for the policy requirements of technological entrepreneurship in the urban ecosystem can explain how the issue is operationalized, examine the city as an ecosystem where entrepreneurship occurs through technology and requires its own policies.

The emergence of entrepreneurial ecosystems by capital, habitus, and practice: A two-phase model based on Bourdieu's approach.

Entrepreneurial ecosystems (EEs) are identified as regions with intensive and coordinated entrepreneurship practices. However, there is less focus on the longitudinal perspective to track how an EE has taken form. In this research, to understand the emergence of an EE, we developed a two-phase model with Bourdieu's approach and identified the contents and interaction of entrepreneurship capitals, habitus, and practices in each phase. By analysing 34 interviews of technology entrepreneurs from Shenzhen, China, we found that in the heteronomous phase, pursuing economic capital and the habitus of making quick profit results in entrepreneurship practices of copycat business; and in the autonomous phase, valuing cultural capital and the habitus of altruism result in entrepreneurship practices of innovation activity. This study offers the following implications for practitioners. First, public sectors should invest in industries with high technology affordance that can create entrepreneurship opportunities. Second, social events can transform entrepreneurship practices from distributed individual level to coordinated social construction.

Feminist perspectives on gender and technology entrepreneurship in incubator settings

PurposeThe objective of this article is to map and assess current evidence in women's technology entrepreneurship in business incubators with the aim of producing a conceptual framework that will allow us to understand how gender shapes the life of women technology entrepreneurs.Design/methodology/approachThe authors conducted a systematic literature review. The data set comprises 49 publications, including peer-reviewed articles and prominent book chapters. These are first categorized according to their feminist approach and second analysed using an inductive thematic approach to map dominant concepts and research methods.FindingsThe authors develop a framework with four dimensions: (1) antecedents, (2) challenges, (3) outcomes and (4) solutions. The authors show that current literature mainly focuses on the challenges faced by women technology entrepreneurs in incubator settings. Although liberal feminist research is present, social feminist perspectives dominate, with poststructuralist research as a close second. Interestingly, current research has not focused much on individual characteristics; in other words, the baggage that women bring with them in terms of prior experiences is hardly investigated, even though there is general agreement that socialization shapes women's experiences of and responses to gender challenges.Originality/valueThe authors contribute to the literature in the following ways: The developed framework assists in understanding how gender is an overarching factor that shapes every facet of the life of a women technology entrepreneur, and how incubator environments intensify gender issues. Indeed, being in an incubator environment adds an extra layer of gendered conditions, thus intensifying the challenges that women meet, creating a “triple masculinity trap”. The review highlights that little is known about how early conditioning shapes women technology entrepreneurs' reactions to the gendered conditions they meet and that there is a lack of research on how women “do entrepreneurship”.

Linking technology entrepreneurship to a business model towards the growth of ventures: Lessons from Ethiopian small manufacturing ventures

Evidence exist that most small ventures fail at developing a successful business model (BM) to enhance their technological capability. Besides, the studies that were undertaken in low-income countries also have no capacity to demonstrate the processes in the articulation of a BM that failed to consider the opportunities of technology entrepreneurship. Therefore, this study analyzes the linkage between technology entrepreneurship and the BM toward small venture growth. To achieve this, data were collected using a questionnaire from 335 small manufacturing enterprises selected from Addis Ababa. The result indicates that BM influences venture's growth indirectly through technology entrepreneurship. To the small businesses facing the problems of resource scarcity and poor strategy development, designing appropriate BM is an opportunity and can be used as an input to the adoption of technology entrepreneurship. Besides, by capturing values from combining the factors of production and technology entrepreneurship, the BM organizes and orchestrates the incumbent assets and other resources that make enterprises grow more than their counterparts. As a result, small enterprises should try to exploit existing technological opportunities by developing technology-oriented BM and integrating with technology entrepreneurship.

Regional ecosystem of technological entrepreneurship: Model and methodology for assessing performance (the case of the Novgorod region)

The article proposes a model of a multi-level regional ecosystem of technological entrepreneurship and a methodology for assessing its effectiveness. The problems of innovative development of high-tech industries are significant, but only a small part of first-time entrepreneurs associate their businesses with high technology. In Russia, only 3% of startups emerge at universities. The most favorable environment for the development of technological entrepreneurship is entrepreneurial ecosystems covering university, regional and sectoral levels. The article focuses on the formation of technological entrepreneurship ecosystems in the regions that generate business projects with a high potential for market success. Using the ecosystem approach, the theory of entrepreneurship, the structural and functional typology of economic systems, the study discusses a methodical approach to the creation and development of regional ecosystems of student technological entrepreneurship. The paper shows the object, project, process, and environmental elements of the regional ecosystem of student technological entrepreneurship. Methodology for assessment of the performance of regional ecosystems of student technological entrepreneurship is proposed, including assessment at the level of university (the effectiveness of educational technologies, programs, climate, and infrastructure), industry and the region. The results are significant for the formation of an optimally functioning economy in the current conditions, the acceleration of import substitution, and the achievement of the country's technological sovereignty.

Эволюция студенческого инновационного предпринимательства в России

All over the world, students are regarded as the most creative and driving force of innovative entrepreneurship. Technological entrepreneurship is an essential tool for the transition to innovative economic development. It is especially in demand in modern conditions, when the most sensitive and strategically significant blow to Russia is inflicted precisely in the technological plane. The purpose of the article is to analyze the evolution of student entrepreneurship in Russia in order to generalize the accumulated experience, identify promising areas for further development of youth innovations. Based on a significant historiographical analysis, the study of the documentary database, statistical data and qualitative content analysis of the official websites of nine universities, three main stages in the development of youth innovative entrepreneurship in Russia have been identified. The first stage is associated with the creation of student business incubators for the development of small innovative enterprises, the second - with an increase in the involvement of business incubators in the educational process, when universities begin to practice the protection of final qualifying work as startups, the third – with the beginning of the formation of a unified startup ecosystem of student technological entrepreneurship in Russia. The first results of the implementation of the federal project "Platform of University Technological Entrepreneurship" are summarized, achievements and problems are shown. Conclusions are drawn about the weak coverage of non-technical universities by innovative entrepreneurship, special attention is paid to new financial instruments aimed at commercializing the results of intellectual activity created in educational institutions and supporting student startups at earlier stages of development.

Co-evolution of an entrepreneurial ecosystem and technology entrepreneurship in a transforming economy

Co-evolution of an entrepreneurial ecosystem and technology entrepreneurship in a transforming economy

The Current State of The Problem of Technological Entrepreneurship

The article analyzes foreign and domestic research on the current state of the problem of technological entrepreneurship, including student entrepreneurship. Differentiation of research approaches on the problems of student technological entrepreneurship research was carried out.

Innovative and technological entrepreneurship in the context of sustainable development approaches

Today, the sustainable development agenda is relevant not only as a factor of investment attractiveness for business, but also for the state as a whole. In the current situation, of course, it is important to stay the course towards the goals of sustainable development, but taking into account our own economic, socio-economic and technological interests. Many components of ESG are based on solving technological problems. At the same time, technologies and tools to a certain extent have reached their limit and can no longer provide the necessary level to solve the problem. In this regard, the role and relevance of innovative projects are increasing daily. This article is devoted to an overview of current views on the innovative design approach, in particular start-ups, in the context of sustainable development approaches.