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Chapter 16: Nascent Technology Entrepreneurs: A Case Study of Setting up an Academic Research-driven Technology Business in Malaysia
16 Nascent technology entrepreneurs: a case study of setting up an academic researchdriven technology business in Malaysia Mine Karataş-Özkan and Katerina Nicolopoulou Introduction Nascent technology entrepreneurs are those who initiate serious entrepreneurial activities that are intended to commercialize their scientific research with a view towards starting a viable business. It is important to understand how nascent technology entrepreneurs in university contexts create business opportunities in order to meet the market demands. This should be examined in relation to the nature of university environments, processes, resources and the nature of scientific disciplines as they are likely to have implications for business venturing (Wright et al., 2004a, 2004b, 2008). This calls for further research that tracks nascent technology entrepreneurs’ learning as they go through different phases of venture creation and growth (Chell and Alman, 2003; Chell and Oakey, 2004). To this end, the study on which this chapter is based has explored the business venturing experience of a nascent student entrepreneur who was in the process of setting up a technology business in Malaysia, building on his academic research base and entrepreneurial knowledge and skills that he has gained through his participation in a program in entrepreneurship offered by his university’s Science Enterprise Centre. His business involves underwater integrated thrusters. The chapter analyzes the way in which he identified the business opportunity and engaged in commercialization activities by deploying his cultural, social and economic capitals. The identities of the ‘nascent entrepreneur’ and his partner, Adam (a pseudonym) have been concealed....
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