The document discusses entrepreneurship, edupreneurship, and technopreneurship in higher education. It defines these concepts and explains their growing importance for higher education institutions. Entrepreneurship involves opportunity recognition and business creation. Edupreneurship refers to entrepreneurship specifically in the education sector. Technopreneurship focuses on commercializing innovations and technologies developed at universities. Higher education institutions are increasingly engaging in these areas to generate revenue and benefit society through knowledge transfer.
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A description of entrepreneurship, edupreneurship , technopreneurship and their relevance to higher education.
The document discusses entrepreneurship, edupreneurship, and technopreneurship in higher education. It defines these concepts and explains their growing importance for higher education institutions. Entrepreneurship involves opportunity recognition and business creation. Edupreneurship refers to entrepreneurship specifically in the education sector. Technopreneurship focuses on commercializing innovations and technologies developed at universities. Higher education institutions are increasingly engaging in these areas to generate revenue and benefit society through knowledge transfer.
The document discusses entrepreneurship, edupreneurship, and technopreneurship in higher education. It defines these concepts and explains their growing importance for higher education institutions. Entrepreneurship involves opportunity recognition and business creation. Edupreneurship refers to entrepreneurship specifically in the education sector. Technopreneurship focuses on commercializing innovations and technologies developed at universities. Higher education institutions are increasingly engaging in these areas to generate revenue and benefit society through knowledge transfer.
technopreneurship in Higher education HIGHER AND TERTIARY EDUCATION CONFERENCE, BULAWAYO, ZIMBABWE
M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of
Technology The purpose of higher education The roles of HEI are teaching, conducting research, and (Community service) working to assist in the economic and social development of a region via the capitalization of knowledge Knowledge generation and transfer is core business Higher Education Institutions (HEI). the dissemination of knowledge has been in the form of high quality academic publications, abstracts, conference proceedings, and invited presentations. This core mission of HEI is being transformed world over, there has been an addition of commercial value to the mission of HEI Today teaching and research institutions not only aim to serve the public interest with educational objectives, but also focus on the receipt of revenue through the exploitation of intellectual property created by university staff and students. The new call is for technology transfer and the formation of firms
M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology
To address the new community service purpose new concepts have been introduced in the HE business: Entrepreneurship Edupreneurship Technopreneurship Intellectual property M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology Entrepreneurship defined
Hisrich, Michael, and Shephard, (2005) regard entrepreneurship as a grouping of
behaviors such as initiative taking, organizing and reorganizing social and economic mechanisms to turn resources and situation to practical account. Kirby and Honeywood (2007) recognize entrepreneurship as more than new venture creation and posit that it involves opportunity recognition, resource harnessing, risk taking and change. It is a behaviour that results in the creation of business organisations Entrepreneurship has gained significant attention in both the developing and the industrialised world. This has led to widespread development of entrepreneurship curricula in many higher education institutions M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology Entrepreneurship in HEI
The popularity of entrepreneurship in HEI is largely due to fundamental
socio-economic forces such as the persistence of unemployment, precarious employment and the emergence of knowledge-driven economies. The shift towards entrepreneurship education is also from the realization that students can and should derive benefit from learning how to create value from their knowledge and skills (Duval and Shartrand, 2010).
M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology
Edupreneurship Is the practice of entrepreneurship in the education sector an edupreneur has been defined as a person who has served as an educator prior to organizing a business related to education and has invested time, energy, and capital to create, develop, and market a program, product, service, or technology to enhance learning (Lacatus and Sticulescu , 2016) Edupreneurs are not satisfied with mere possession of knowledge and understanding of a subject, but are desirous of such metamorphosing into value addition for the society. The extraordinary value that edupreneurs have is the new vision on what the educational system should be in order to be better off. They think beyond existing constraints and solutions. M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology EDUPRENEURSHIP ACTIVITIES
developing and editing of educational products and materials
providing of tutoring services educational consulting Educational software provision founding of independent education institutions
M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology
Technopreneurship Changes in technology disrupt the comparative advantage of nations and industries entrepreneurship forms the sub structure upon which science, technology and the creative industries are built Technopreneurship refers to Technological entrepreneurship or technology based entrepreneurship . Technopreneurship also refers to new or high-growth potential enterprises based in technology M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology Objectives of Technopreneurship One of the objectives of Technopreneurship is commercialization of innovations developed by academic scientists via patenting, licensing, start-up creation, and universityindustry partnerships Commercialization is a highpoint in Technopreneurship - the hallmark of turning technology-based ideas, products and industries into profitable entrepreneurial projects. Technopreneurship also aims at disseminating technology for communities as part of social responsibility of the HEI and providing technology for government, especially for defence technology and technology required for quality improvement of public services especially when the government is the major sponsor of R&D
M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology
Benefits of Technopreneurship to HEI
For the HEI, successfully engaging in Technopreneurship is likely to lead to
financial, reputational, and societal benefits. the financial rewards can occur directly or indirectly via an increase in reputation, prestige, influence or societal benefits technopreneurial universities should however avoid having an over- emphasis on royalty income and an under-emphasis on entrepreneurship.
M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology
Viable Technopreneurship The viability of Technopreneurship heavily depends on its ability to produce desirable technologies i.e it should be more focused on developing technologies that are relevant to the needs of potential users, technically reliable, and economically competitive technologies It is extremely difficult to encourage technopreneurship if business enterprises are not interested in indigenous technology developed by domestic HEIs
Therefore, technology development at the HEIs should be based on a
demand-driven approach.
M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology
Technopreneurship development
To provide the necessary ecosystems for technopreneurship development
some countries develop science and technology parks . Technopreneurship development has also taken the form of entrepreneurship programs in educational institutions (Tan, 2002) Technopreneurship can also be developed through business plan competitions
M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology
Technopreneurship development; Whose responsibility? HEI- faculty , students and administrators Government- enacting favorable regulation and public policy for creating conducive ecosystem for Technopreneurship to flourish and directly by providing risk capital. Industry Community
M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology
HIT HIT mandate- development, incubation, transferring and commercialisation of technology Technopreneurship aims at producing scientists and engineers who can create new products, industries, and markets. These scientists and engineers are productivity driven, technologically capable and competitive at both the local and global markets. Potential technopreneurs must be equipped with both technical and business skills. B.Tech programmes offer a hands-on approach A formalised program to equip students with the needed skills, motivation and knowledge to recognise business opportunities, search customers insights, understand the needs of the market , create an idea, develop a business plan and run the business . the thrust is to produce knowledge- able graduates rather than just knowledgeable graduates
M.M.MASUNDA , Technopreneurship Development Centre, Harare Institute of Technology