B.S Business, Technology and Entrepreneuership

Technology entrepreneurship is an investment in a project that assembles and deploys specialized individuals and heterogeneous assets that are intricately related to advances in scientific and technological knowledge for the purpose of creating and capturing value for a firm. The interdependence between scientific and technological change, as well as the selection and development of new products, assets, and their attributes, differentiate technological entrepreneurship from other entrepreneurship types. Technology entrepreneurship has more to do with collaborative production based on a shared vision of future changes in technology. The existing entrepreneurship literature, however, describes an entrepreneur as: i) an alert individual discovering an existing opportunity (Shane, 2003; Shane and Venkataraman, 2000); ii) an innovative individual who shakes the economy out of its previous equilibrium (Schumpeter, 1939); iii) an experienced individual making judgments about an unknowable future (Foss and Klein, 2005); iv) an individual who believes she has lower information costs than others (Casson and Wadeson, 2007); vi) an individual with certain personality traits (Hood and Young, 1993); and vi) a charismatic leader (Witt, 1998).