According to Peter Drucker, innovation to prosper must impact both society and economy. Inventors and creators (creative people) often mistake that new ideas, hi tech, inventions are enough. This is the trap that most inventors fall into and then complain about lack of government support, lack of patriotism by countrymen, etc. This is the gap to be filled in by techno-entrepreneurship. The invention/creation must satisfy the wants and need of the customer. The customer is the center of the creation/universe; it is not the invention creation.
I have been together with a group of businessman, to an agricultural school in Region 3 that is largely populated by PhDs and engaged in high level agri tech research. And yet much of their discovery and research results are within their campus wanting to be used by the farmers.
I have volunteered work on how to commercialize the inventions and that was about it-talk, a first wave of emails and that was it.
I want to recall Lee Beng's definition of entrepreneurship (from Timmons) "It is about doing something, not merely analyzing, discussing, and talking..."
"Innovation is creating value from existing resources." "Entrepreneurship is creating something from practically nothing"
