Introduction to Technopreneurship 1

What is the key difference between a traditional entrepreneur and a technopreneur?

• A traditional entrepreneur only works in the tech industry.
• The key difference is that a traditional entrepreneur focuses on general business ventures, while a technopreneur emphasizes technology-driven innovations.
• A technopreneur avoids using technology in their business.
• Both types of entrepreneurs have the same focus on market trends.

Can a digital entrepreneur be a technopreneur?

• Only technopreneurs can be digital entrepreneurs.
• No, a digital entrepreneur cannot be a technopreneur.
• A digital entrepreneur is the opposite of a technopreneur.
• Yes, a digital entrepreneur can be a technopreneur.

Three (3) examples of digital products or services.

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What are some challenges faced by digital entrepreneurs?

• Rapid technological advancements: Keeping up with the latest trends and technologies can be demanding.

• Competition: The digital market is highly competitive, requiring constant innovation and differentiation.

• Cybersecurity threats: Protecting sensitive data and preventing online attacks is a significant concern.

• Regulatory compliance: Adhering to data privacy laws and industry regulations can be complex.

What role does innovation play in the success of a technopreneur?

• Innovation is not important for technopreneurs.

• Innovation is crucial as it helps technopreneurs differentiate their products and services in the market.

• Technopreneurs rely solely on existing technologies without innovation.

• Innovation is only relevant to traditional entrepreneurs.

Which of the following best describes a social entrepreneur?

• A social entrepreneur focuses on profit maximization above all.

• A social entrepreneur aims to solve social issues through innovative solutions while being financially sustainable.

• A social entrepreneur is someone who only works in non-profit organizations.

• A social entrepreneur is the same as a traditional entrepreneur.

How does a technopreneur typically fund their ventures?

• Through personal savings only.

• By seeking venture capital and angel investors interested in technology.

• By relying on government grants exclusively.

• By using crowdfunding platforms without any business plan.