Youngsters now aged ten have been exposed to computers and technology all of their lives. Even though technologies entrepreneurship applies to any firm with projects that rely on advances of science and technologies, the resource-primarily based view applies to these handful of firms that are continuously profitable. The technology entrepreneurship domain and the theory of the firm are interdependent by means of the specialized men and women and heterogeneous assets committed to a project for the purpose of creating and retaining value for the firm.
The proposed definition emphasizes the importance of technology entrepreneurship in enabling specialized individuals to develop combinations of assets and their attributes in order to produce and capture worth for the firm. The factors that technologies entrepreneurship requirements a firm are equivalent to the motives why an entrepreneur needs a firm described by Foss, Klein, and Bylund ( 2011 ).
More than the last 4 decades, technologies entrepreneurship has turn out to be an increasingly critical worldwide phenomenon. Technology entrepreneurship appeals mainly to leaders and best management teams of modest and huge firms who use technologies to generate, provide, and capture value for their stakeholders. Technology entrepreneurship also appeals to personnel of regional financial development agencies that attract investments in productive technologies and talent to a specific geography.
The major function of technologies entrepreneurship is to assemble a mixture of specialized people and heterogeneous assets in order to generate and capture worth for the firm through collaborative exploration and experimentation. In this article, the literature on technology entrepreneurship was classified into eight themes. The literature search revealed that most of the articles on technology entrepreneurship appeared in journals not considered to be in the technologies innovation/entrepreneurship domain. They then try to distill from all this noise a definition that everybody can agree on.
A much better definition of technology entrepreneurship can support enhance its functionality, improve its relevance, and establish it as a genuine domain of inquiry in its own right. This definition wants to determine and incorporate the numerous distinctive elements of technology entrepreneurship and its links to the current domains of economics, entrepreneurship, and management.