How Technology and Entrepreneurship are Shaping the Development of Industries and Companies
- Elgar original reference
Edited by François Thérin
Chapter 1: The knowledge base of technology entrepreneurship
Technology entrepreneurship (TE) is considered to be a field at the nexus of entrepreneurship and technological innovation (Beckman et al., 2012; Shane and Venkataraman, 2003). If central questions in entrepreneurship involve creation and discovery of novel opportunities (Shane and Venkataraman, 2000), TE is distinguished by its focus on how these oppportunities are advanced through innovations in science and engineering (Beckman et al., 2012). Limited attempts have been made to define or review the field. Spiegel and Marxt (2011) examined editorials and calls for papers to special issues on TE (Beckman et al., 2012; Litan and Song, 2008; Phan and Foo, 2004; Shane and Venkataraman, 2003) in order to define the field. Their findings suggest that TE research investigates all phases of entrepreneurial process in both new technology-based firms (NTBF) and incumbent technology-based firms (ITBF) on multiple levels: product/service, firm and system. Zahra and Hayton (2004) stated that TE refers to ëthe creation of new firms by independent entrepreneurs and corporations to exploit technological discoveriesí and defined the levels of analysis as individual, collaborative and collective. Although technology entrepreneurship is considered to be a small subset of the larger area of entrepreneurship research (Schildt et al., 2006), and still largely underexplored (Beckman et al., 2012), the volume of publications in the area has increased significantly in the last decade.
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