q1 Flashcards
Involves using innovative
technology to create and manage a business.
Combination of Technology and Entrepreneurship
Focuses on solving problems or meeting needs through
technological advancements
Innovation-Driven
Aims to develop products, services, or solutions that improve
efficiency or quality of life.
Value Creation
Often associated with scalable ventures in industries like
software, hardware, or digital platforms.
High Growth Potential
Challenges traditional markets or practices with innovative
solutions
Disruption-Oriented
Involves strategic risk management to explore new opportunities in
tech-driven markets.
Risk-Taking
Relies heavily on technical skills, research, and market
insights for success.
Knowledge-Based
Technopreneurial Mindset
Adaptability, Creativity, Resilience, Proactiveness
Characteristics of a Technology Entrepreneur
Visionary Thinking, Innovation-focused, Tech-savy, Market Awareness
Success Factors Of Technology Entrepreneurs
Innovation & Creativity, Market Identification, Networking & Collaboration, Strategic Thinking
a measurement system used to evaluate the
maturity of a specific technology during its
development and implementation.
Technology Readiness Level (TRL)
Scientific research begins to explore the basic principles behind a
technology. At this stage, there is no practical application in mind.
TRL 1
The basic idea of how the technology might work is formulated, and
its feasibility is studied.
TRL 2
Early experiments or small-scale tests are conducted in a laboratory
to validate the core idea.
TRL 3
The technology is further developed and tested under controlled
conditions to validate its functionality.
TRL 4
Testing moves to an environment that mimics real-world conditions
where the technology would be applied.
TRL 5
A fully functional prototype is demonstrated in a simulated
operational environment
TRL 6
The technology is integrated into a working system and demonstrated
in its intended operational environment.
TRL 7
The technology is proven to work as designed and is qualified for
deployment.
TRL 8
The technology has been deployed in its final form and operates
successfully in real-world applications.
TRL 9
Challenges in Advancing TechReadiness
Funding Constraints, Regulatory and Standard Barriers, Technical Scalability Issues, Market Acceptance and Adoption, Interdisciplinary Collaboration Gaps, Lack of Skilled workforce
Strategies for Enhancing TechReadiness
Collaborate with Academia and Industry, Secure Government and Private Funding, Conduct Market Validation Early, Adopt Agile Prototyping Methods
