Module 1

Question 1

It is the application of scientific knowledge to the practical aims of human life or to the change and manipulation of the human environment.

Answer 1

Technology

Question 2

It is the process by which individuals or a group of individuals (entrepreneurs) exploit a commercial opportunity, either by bringing a new product or process to the market, or by substantially improving an existing go0d, service, or method of production.

Answer 2

Entrepreneurship

Question 3

In this era of technology, a technopreneur begins their business with nothing but with a ____________________.

Answer 3

brainstorming idea

Question 4

He identifies present practices and assesses some new ideas to do something different.

Answer 4

Technopreneur

Question 5

A person who is engaged in technopreneurship creates a product or solution that uses technological solutions to change the way of doing something in an orthodox way.

Answer 5

Technopreneur

Question 6

It is not a product but a procedure of synthesis to improve and create innovate the future of a person, a nation, and the globe as a whole.

Answer 6

Technopreneurship

Question 7

It comprises identifying mode technologies and even creation of technological opportunities by the presentation of commercial products and services.”

Answer 7

Technopreneurship

Question 8

Technopreneurship is an integration of two concepts or processes, namely:

Answer 8

1. technology
2. entrepreneurship

Question 9

It is a kind of entrepreneurship in the field of technology.

Answer 9

Technopreneurship

Question 10

It is a combination of technological advancements and entrepreneurial skills.

Answer 10

Technopreneurship

Question 11

It is a process of using the developments brought about by specialized knowledge to come up with innovations in all aspects of human life with the aid of a creative and skillful mind.

Answer 11

Technopreneurship

Question 12

Benefits of Technopreneurship

Answer 12

1. Creating Employment Opportunities
2. Business Diversification and Decentralization
3. Technological Advancement
4. Capital Formation
5. Promotion of Entrepreneurial Activities

Question 13

When startup businesses, then there is an increase in the pool of job opportunities as they need manpower to run all business operations. In the same way, technopreneurship creates jobs and helps the nation to combat the problem of unemployment. It increases the employment rate of an economy

Answer 13

Creating Employment Opportunities

Question 14

An entrepreneur can find out the business opportunities and locate them in areas that are suitable including remote areas.

Answer 14

Business Diversification and Decentralization

Question 15

By being a creative and innovative technopreneur, they play an important role in the field of utilization as well as the development of technology.

Answer 15

Technological Advancement

Question 16

It is an integral part of a business and an entrepreneur requires funds to start up and take their business to the new heights.

Answer 16

Investment

Question 17

Investment is an integral part of a business and an entrepreneur requires funds to start up and take their business to the new heights. They take financial assistance from the investors and financiers and utilize the public savings that lead to economic development.

Answer 17

Capital Formation

Question 18

The young generation gets a chance to work with such technopreneurship firms and learn nuts and bolts how to get success. It also inspires these teammates and employees to grow and start up their business firms too.

Answer 18

Promotion of Entrepreneurial Activities

Question 19

Utilizing Iot and AI to optimize farming practices, increase crop yields and reduce resource consumption through precision agriculture techniques.

Answer 19

Smart Agriculture

Question 20

Developing wearable devices and mobile health applications that monitor heath metrics, manage chronic diseases, and provide telemedicine services

Answer 20

Health Tech

Question 21

Creating blockchain-based platforms for secure and transparent financial transactions, as well as developing A-driven tools for personalized financial planning and investment

Answer 21

Fintech Innovations

Question 22

Building online learning platforms and interactive educational tools that enhance remote learning experiences and make education more accessible globally

Answer 22

EdTech Solutions

Question 23

Innovating in renewable energy technologies like solar, wind, and bioenergy to provide sustainable and eco-friendly energy solutions

Answer 23

Clean Energy

Question 24

Implementing loT-based infrastructure to enhance urban living with smart transportation systems, efficient energy management, and improved public safety.

Answer 24

Smart Cities

Question 25

Developing AR and VR applications for various sectors, including entertainment, education, and training, to create immersive and interactive experiences

Answer 25

Augmented Reality (AR) and Virtual Reality (VR)

Question 26

Utilizing machine leaming algorithms to provide personalized shopping experiences and recommendations, enhancing customer satisfaction and sales.

Answer 26

Ecommerce Personalization

Question 27

They are distinguished by their innovative use of technology to create products and services that disrupt traditional markets and drive significant change

Answer 27

Technopreneurship business

Question 28

It revolutionizes the automotive and energy sectors with electric vehicles and sustainable energy solutions

Answer 28

Tesla

Question 29

It transforms the hospitality industry by creating a global online marketplace for lodging.

Answer 29

Airbnb

Question 30

It advances space exploration and transportation with the goal of making space travel more affordable

Answer 30

SpaceX

Question 31

It develops groundbreaking mRNA-based vaccines and therapies, contributing to rapid medical advancement

Answer 31

BioNTech

Question 32

It provides an easy-to-use e-commerce platform, enabling entrepreneurs to create and grow online stores

Answer 32

Shopify

Question 33

It offers essential video conferencing solutions that facilitate remote communication and work

Answer 33

Zoom

Question 34

They are entrepreneurs who start and manage their own technology business."

Answer 34

techpreneurs

Question 35

When did the name technopreneur originated?

Answer 35

1990s

Question 36

The name originated from the year 1990s and a blend of ____________ and __________- who takes the calculated risks in the techy world.

Answer 36

1. techno 2. entrepreneur

Question 37

Ten (10) major qualities of an entrepreneur that make them successful.

Answer 37

1. Discipline 2. Risk-taking 3. Open-Minded 4. Creativity 5. Work Ethic 6. Direction Sense 7. Solid People Skills 8. Passion 9. Action-oriented 10. Competitive

Question 38

One thing that all well-known businessmen possess is ________________ to handle the operation. The success is guaranteed for entrepreneurs with this quality

Answer 38

discipline and patience

Question 39

An entrepreneur is a person who is wiling to risk it all for making profits in the business. All of businessmen invest their effort and money without any guarantee of income.

Answer 39

Risk taking

Question 40

It is a cognitive belief system consisting of interrelated beliefs, assumptions, and knowledge that we use to process information, inform our decisions, and guide our behavior.

Answer 40

Mindset

Question 41

It is a specific set of beliefs, knowledge, and thought processes that drive entrepreneurial behavior.

Answer 41

Entrepreneurial Mindset

Question 42

It is the process through which founders establish a team to start a new venture - has important implications for team performance and entrepreneurial success.

Answer 42

Entrepreneurial team formation

Question 43

Team Formation Formula

Answer 43

1. Self-Mastery 2. Environment Mastery 3. Enterprise Mastery 4. Development of a Business Plan

Question 44

Passion comes from knowing yourself . It brings passion. When you know yourself, you know what you want and do not want.

Answer 44

Self-mastery

Question 45

It is about generating business ideas and seeking opportunities out from his or her environment through serendipity walks, crises, trends, etc.

Answer 45

Environment Mastery

Question 46

It is how to run a business. This pertains to the knowledge of the different enterprise disciplines such as: Creating the Business, Marketing Management, Operations Management, Financial Management, Risk Management.

Answer 46

Enterprise Mastery

Question 47

Development of a Business Plan Plan covers:

Answer 47

1. writing the business plan 2. presenting and defending 3. the business plan

Question 48

How to be a Successful Technopreneur?

Answer 48

1. Build a Team 2. Boosts Problem -Solving Skills 3. The Decision on the Final Strategy

Question 49

It is based on teamwork and creativity, and is defined as invention that has produced economic value in the marketplace. Innovations can be new products, new processes, new services, and new ways of doing business

Answer 49

Innovation

Question 50

It is characterized by faster, better, and/or cheaper versions of existing products.

Answer 50

Incremental innovation

Question 51

It leaves core design concepts untouched, but changes the way in which components of a product are linked together.

Answer 51

Architectural Innovation

Question 52

It is focused on the innovation of new Components and modules. But it does not disrupt the linkages between modules.

Answer 52

Modular Innovation

Question 53

It uses new modules and new architecture to create new products.

Answer 53

Radical innovation or Disruptive Innovation

Question 54

It is a theory that refers to a concept, product, or a service that creates a new value network either by entering an existing market or by creating a completely new market. I

Answer 54

Disruptive innovation

Question 55

Sources of lnnovation

Answer 55

1. Existing Companies 2. Research Laboratories and Universities 3. Independent Inventors and User Innovators 4. Open Technical Committee

Question 56

It is the collection of many firms and individuals collaborating to develop and deploy an innovation. These communities share a common goal and an agreed to governance system.

Answer 56

Open source innovation