What is Technopreneurship? Explain the Meaning and business model in 2021

Technopreneurship. Now that’s a new word, right? So what is it? Well, allow me to explain. Technopreneurship is a method of merging technological expertise with entrepreneurship skills. How cool is that!

A technopreneur is a person who revolutionizes the prevailing economic order by making the best use of technology at hand. They introduce new concepts of products and services in the market. When technopreneurs enter the market, all they have is an idea. You must be thinking that’s the norm, right? Well, here’s the difference! Technopreneurs observe the prevailing business practices and merge them with fresh ideas to create something exclusive.

Didn’t see that coming, did you?

Technopreneurs stand out through their capability to absorb knowledge and implement it. Using technological solutions to revolutionize orthodox practices is what they do and that’s a welcome change in the field of business. Don’t you think?

Understanding Technopreneurship and innovation

Let me break this down a bit more.Now that you have a basic idea of technopreneurship, let me break this down a bit more.

In this technology-driven era, technopreneurs start their businesses with a validated brainstorming session. Once they reach an innovative idea, they start plugging technology into this very brainchild. It is all about using creativity and innovation to revolutionize business productivity and traditional practices. You already see the flow, don’t you?

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