Creativity is Ability to produce something new through imaginative skill, whether a new solution to a problem, a new method or device, or a new artistic.
Technopreneurship is by large part still entrepreneurship but it is either involved in delivering in innovative hi-tech product or make use of hi-tech in an innovative way to deliver its product to the consumer.
High-tech and entrepreneurial skills are driving our economy back to prosperity. Technopreneurship-merging technology prowess and entrepreneurial skills- is the real source of power in today's knowledge-based economy. A technopreneurship distinguishes logic from tradition, tradition from prejudice, prejudice from common sense and common sense from nonsense while integrating a variety of ideas from diverse groups and disciplines.
Technopreneurship is not a product but a process of synthesis in engineering the future of a person, an organization, a nation and the world. Strategic directions or decision-making processes are becoming more demanding and complex. This requires universities, and in site professional development programs and training to produce strategic thinkers who will have skills to succeed in a rapidly changing global environment.
The local technopreneur landscape has made good strides in the past decade with more startups sprouting in the market, but technopreneurs today face different kinds of challenges that may impede the nation's hopes of producing regional and global champions, industry watchers say.
According to Cradle Fund CEO Nazrin Hassan, Malaysia has a vibrant talent pool, many of whom would like to strike out on their own with the aim of making it big. In an interview with ZDNet Asia, the former entrepreneur-turned-fund manager noted that over the last seven to eight years, many new startups have emerged, obtained pre-seed funding and come through quite well in the market.
"But the challenges are different for these players when compared to those faced 10 years ago," he said. "Ten years ago, there wasn't very much money available for startups to create prototypes, let alone to help with the commercialization of products." Cradle Fund is a government-funded company established to manage the Cradle Investment Programme, a pre-seed and seed commercialization fund. The Ministry of Finance has allocated 100 million ringgit (US$33.3 million) for this programme since it began in 2003.
One of the biggest problems technopreneurs have to face is their ability to run their business successfully. The technopreneur needs to have knowledge of the industry or market they are entering into. They also need to be aware of their financial situation and how much money they will have to put toward their business in the beginning and even during production. If a technopreneur fails to pay attention to these important aspects, their business could fail and the technopreneur would be left with virtually nothing.
There are many different techniques to mastering technopreneurship, but they all exercise practically the same processes in order to reach the same goal of marketing success. First, the technopreneur must decide on the type of product to develop. Then, the team must gain knowledge and research the product they have chosen to develop. After that, a business plan must be carried out to help keep the team on track. Then, finally, the technopreneur must launch the product on the market and hope for positive results. Using these methods allows the technopreneur and their team to stay focused and organized throughout the process.
