Cases in Technological Entrepreneurship

Cases in Technological Entrepreneurship

Converting Ideas into Value

Edited by Claudio Petti

The book examines from different perspectives a number of fundamental issues in the process of transforming technological innovations into profits. Key cases and field insights from distinguished contributors show the role and the practices of government bodies, universities, private investors and companies within the transformation of new ideas into value, in start-ups as well as in incumbents. The book takes a systemic view of technological entrepreneurship, positioning the topic at the interface between entrepreneurial and strategic perspectives within the emergent strategic entrepreneurship field.


Aldo Romano

Subjects: business and management, entrepreneurship, organisational innovation, economics and finance, economics of innovation, innovation and technology, economics of innovation, organisational innovation


The modern socio-economic environment is constantly reshaped by the incessant introduction of new technologies and related innovations. Today’s entrepreneurs are associated with the capability to identify the distinctive and disruptive potential of emerging technologies and connected business opportunities that others might not see. This capability is a necessary, though not singularly sufficient, element in setting up a successful technology-based venture, fostering economic growth and increasing social well-being. In an environment characterized by fast and fierce competition, a successful technological venture must have a compelling value proposition capable of rapidly going to market, possibly with a proven and sustainable business model, as well as a set of formal and informal supporting institutions. These are usually the charge of managers and civil servants. Technological entrepreneurship is instrumental here; the process connects technology development with business creation. Specifically, the process entails the recognition or creation of potential business value of new discoveries and technologies and then matching these with existing and/or potential market needs. The ultimate goal is, of course, the transformation of those opportunities in commercial products, services and ultimately new businesses. Even when such opportunities, compelling value propositions, markets, business models and related capabilities exist, the process is too complex to be handled by individuals or companies, no matter how talented or powerful they are. Technology-based entrepreneurial initiatives are inextricably linked and affected by their environmental context. This context can be a specific set of local conditions, or a particular country or region, or even a mix of cultural, organizational and...