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What is Techno-Entrepreneurship

Chapter 102
Encyclopedia of Organizational Knowledge, Administration, and Technology
This is the process of creating new technological and internet driven businesses, products and services with the utmost goal of driving efficiency and high return on investment.
Published in Chapter:
Understanding SME Techno-Entrepreneurship in Nigeria's IT Clusters
Immanuel Ovemeso Umukoro (Lagos Business School, Pan-Atlantic University, Nigeria)
Copyright: © 2021 |Pages: 18
DOI: 10.4018/978-1-7998-3473-1.ch102
Abstract
This chapter examines the concepts and issues of SME techno-entrepreneurship in ICT clusters. An integrative literature review was adopted and three purposively selected ICT clusters were observed. The chapter provides a conceptual framing of techno-entrepreneurship practices and identifies attributes of SME techno-entrepreneurship in Nigeria, its relevance to the ICT ecosystem growth as well as national development. The chapter identifies a frugal mindset, frugal processes, networking, innovative behaviour, and frugal outcome as key attributes of SME techno-entrepreneurs operating out of ICT clusters. By linking techno-entrepreneurship with frugal innovation, the chapter further proposes a model of SME techno-entrepreneurial practices in ICT clusters which highlights the various stages and processes of cluster SME techno-entrepreneurship. The paper concludes with a section on challenges and opportunities of SME techno-entrepreneurship in Nigeria.
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