In the world today, technology and innovation are changing the way we live and create jobs in the 21st century. Before moving any further, let us look at the definition of technopreneurs. According to Google, “a technopreneur is a person who sets up a business concerned with computers or similar technology.”
Technopreneurs combine the power of technology with the spirit of entrepreneurship. They create new products that can be sold by new businesses. They find high-tech ways to keep us informed, entertained, and connected every day. Here, we go through the in’s and out’s of being a technopreneur and, in the end, how you can become one too:
Who are technopreneurs?
Technopreneurs are different from inventors. Inventors come up with ideas, but technopreneurs put them into action. Their businesses provide jobs and challenges and opportunities for new workers. They have a much larger impact than inventors, as the inventors are the only ones benefiting monetarily from their inventions, whereas technopreneurs provide job opportunities to the common man and benefit the whole society.
The end of the 20th century has seen rapid advancements in technology and creative innovations, and informed us of the unlimited potential of the internet. Now that we are in the 21st century, it is clear that these advancements and innovations have caused an evolution in the way we live. Leaders of this change are technopreneurs who are at the forefront of our current world economy. These are people who dared to dream big, seized opportunities, and flexed their creative muscles to bring innovations of value to the masses.
What do they do?
Technopreneurs are people with vision who look past the norms and see opportunities where most do not. They combine technology with entrepreneurial endeavors in the hopes of creating something with a positive impact on society. They do this even at great risks of failure and with an abundance of uncertainties. For those of you with technopreneurial ambitions, this might just be the course for you.
How to become a successful technopreneur
To become a successful technopreneur, there are a few guidelines, or rules, that you need to keep in mind:
- Technopreneurs need to be visionaries. They need to see things that other human beings fail to see, the most important of which is opportunity. They think about how to make a system work rather than complaining about how the system is failing to work.
- They need to be active learners and should be able to assess the situation in real time and make timely decisions.
- They must be systematic. This is accomplished by trial and error. They need to work out different systems and decide which one works and make sure everything follows a certain path in accordance with that system.
- They need to know how to reframe mental models to think positively and not get sidetracked by the challenges they face, rather they should view those obstacles as pathways to opportunities.
- Before they embark on the technopreneurial journey, they need to learn and study the methods and techniques, such as the lean startup, in order to function efficiently.
- They need to learn the art of technopreneurship while, at the same time, maintain the strength of their communication skills. They should avoid using fancy words that would puzzle a normal person and explain in such a way that it is understandable to all.
- They should be well aware of the importance of building a conductive technopreneurial ecosystem and the importance of choosing the right team. A team should be constructed so that their qualities complement one another without getting overshadowed. They should be able to apply the CDIO (conceive, design, implement and operate) framework to manage a crowdfunding project.
Technopreneurs are successfully gaining traction in the Middle East. Take the example of the websites, which shows news in all languages and the news is centric to that specific region.
It is a simple enough idea and yet has gained a lot of traction and is working better than anyone expected. The website owners choose simple topics that are the requirements of the local people and make them easily available for the people. One simple example is the price of dollars in Egypt. This saves the business men trips to local money exchangers.
It is simple ideas like these that the technopreneurs need to focus on instead of making big promises which they find hard to deliver later on.