Technology entrepreneurship is greatest understood therefore, as a joint-production phenomenon that attracts from a group of specialized people from multiple domains, some or all of whom turn out to be embedded in the expertise path they attempt to form in actual time (Garud and Karnøe, 2003). Technology entrepreneurship isn’t a couple of single individual or the innovations they introduce. It is about managing joint exploration and exploitation, where every particular person has roles and obligations in collaboratively and cooperatively shifting ahead toward undertaking shared targets (Lindenberg and Foss, 2011). Technology entrepreneurship is about investing in and executing the companies’ tasks, not simply recognizing technology or market alternatives. Technology entrepreneurship is an funding in a venture that assembles and deploys specialized individuals and heterogeneous property which might be intricately associated to advances in scientific and technological data for the purpose of making and capturing worth for a agency.

Technology (“science of craft”, from Greek τέχνη , techne, “artwork, talent, cunning of hand”; and -λογία , -logia [2] ) is the sum of methods, abilities, strategies, and processes used within the production of products or services or in the accomplishment of objectives, corresponding to scientific investigation. Technology may be the knowledge of strategies, processes, and the like, or it may be embedded in machines to allow for operation without detailed information of their workings. Systems (e. g. machines) making use of expertise by taking an input, changing it according to the system’s use, after which producing an end result are referred to … Read More