ABOUT SOCIAL TECHNOPRENEURSHIP
"Entrepreneurship through technology serving a social cause."
That is, social technopreneurship.
Entrepreneurship plays two significant roles where it comes to economic development and poverty reduction. First, entrepreneur-ship increasingly contributes to the creation of new jobs as well as growth in productivity and value add. Second, many technological interventions are converted into innovative products or services by entrepreneurs for the benefit of the wider society.
While most research and development is carried out in large firms or universities, subsequent implementation of the research outcomes, however, depends on entrepreneurial individuals who economically exploit these opportunities.
Entrepreneurship has thus an important function for technological transfer from research institutions to the general society. This technological transfer further contributes to the economic develop-ment of a country.
OUR CORE BELIEFS
/ ENTREPRENEURSHIP IS FUNDAMENTALLY PERSONAL
Entrepreneurship is fundamentally personal because in the absence of action by individual entrepreneurs, there would simply be no entrepreneurship. Which is why our sister website, Social Technopreneur Academy, has been devoted to put the individual entrepreneur as centre stage for personal development.
Whereas at Social Technopreneurship, our focus is more on the leveraging of technology and business models to change and innovate for greater success.
/ CONTEXT IS KING
It is important to understand and facilitate entrepreneurs to be successful under different contextual conditions - especially in resource-constraint and unfavourable regulatory/cultural environments. To this end, our definition of entrepreneurship needs to be all-encompassing, involving the conventional for-profit entrepreneurship (i.e., starting new ventures), social entrepreneurship (i.e., identifying and exploiting opportunities to address social problems), and corporate entrepreneurship (i.e., entrepreneurship within established organisations).
/ LEVERAGING ON TECHNOLOGY
Leveraging on a technology can provide a competitive advantage. Yet as the world becomes more technologically advanced, product life cycle will become shorter and the rate of technological change continues to increase at an unprecedented pace. It is no longer sufficient, therefore, to rely on a technology or competitive advantage but a system of technologies and competitive advantages so unique and distinctive to each organisation that it would be almost impossible for competitors to duplicate. That is, truly, sustainable social technopreneurship.
OUR CORE VALUES