TECHNOLOGY BASED ENTREPRENEURSHIP

Presented by :
Priyangshu Chandra Das (21UME061)
Namrata Chakraborty (21UME035)
Debleena Roy (21UME055)
Vineet (21UME125)

NATIONAL INSTITUTE OF TECHNOLOGY , AGARTALA

DEPARTMENT OF MECHANICAL ENGINEERING 1
 Contents
A real-life story of a successful technology entrepreneur.
What is Technology entrepreneurship.
The Impact of Technology .
The Skills Required For Technology Entrepreneurship.
Challenges Faced By Technology Entrepreneurs.
Technology Trends And Their Impact On Entrepreneurship.
Name Of Some Successful Technology Entrepreneurs.
Some Possible Future Trends In Technology Entrepreneurship. 2
Conclusion.
Mark Zuckerberg
Founder & CEO of
Facebook

Facebook

Facebook is a social networking

company founded by Mark
Zuckerberg in 2004 that allows
users to connect and share
content with friends, family, and
acquaintances. It has more than
2.8 billion monthly active users . 3
 What is Technology entrepreneurship ?

02 01
The process of
It involves identifying and
exploiting opportunities in using technology
the marketplace through the to create new
use of technology. products, services,
and business
models.

03
Successful technology 04
entrepreneurs possess a
Technology entrepreneurship has the
combination of technical
potential to create significant economic and
knowledge, business acumen,
social value by driving innovation and creating
and entrepreneurial skills.
new jobs and industries. 4
The Impact of Technology
Access to Information
Technology has made it
easier for
entrepreneurs to access
information on their
industry, market trends,
and competitors.
Lower Costs
Technology has made it
possible for
Increased Competition
entrepreneurs to start
On the other hand,
their businesses at a
technology has also
lower cost. For
increased competition
example, Cloud
in many industries.
computing.

Increased Connectivity Automation

Technology has also Technology has also
increased connectivity enabled entrepreneurs
between to automate many of
entrepreneurs, their business processes,
customers, and reducing the need for
investors. manual labor and
increasing efficiency. 5
The Skills Required For Technology Entrepreneurship
Creativity and Innovation
Business Skills Technical Skills
Technology
This includes This includes entrepreneurship
marketing, programming, requires a high
sales, data analysis, degree of
finance, and software creativity and
strategic development. innovation.
planning.
Adaptability

Need to
be able to
adapt
quickly to
new
developm
Leadership Skills -ents .

Technology entrepreneurship requires Communication Skills

strong leadership skills. This requires strong written and verbal
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communication skills.
Benefits Of Technology Entrepreneurship

Innovation

Economic growth

Disruption

Flexibility

Personal fulfillment
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Challenges Faced By Technology Entrepreneurs

Competition
 Highly competitive,
with many players vying
for market share and
attention.

Funding Talent Acquisition

securing funding for Finding and retaining
their startups, specially skilled employees for
in early stages making unique products.

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Technology Trends And Their Impact On
Entrepreneurship

Artificial Cloud Computing Internet of Things

Intelligence

Entrepreneurs can Made it easier for Enabled entrepreneurs to

leverage AI to entrepreneurs to scale their create smart products and
automate various businesses. services .
tasks.
 Reduce IT costs, and Increases efficiency.
Improve customer provide remote access to
experience. their teams.
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Augmented Reality & Cyber Security
Virtual Reality

 Helps entrepreneurs As businesses become

create immersive more reliant on technology,
experiences for customers. cyber security becomes a
crucial factor in ensuring
 Improve employee business continuity and
training, and enhance customer trust.
product visualization.

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 Some Successful Technology Entrepreneurs

Elon Musk Bill Gates Jeff Bezos Larry Page

(Co-founder of (Co-founder of (Founder and and Sergey
PayPal, Tesla, Microsoft and CEO of Brin
SpaceX, philanthropist. Amazon.) ( Co-founders
Neuralink, and ) of Google.)
The Boring
Company.)

Reid Hoffman Brian Chesky

Steve Jobs Jack Ma (Co-founder
(Founder of (Co-founder
(Co-founder of LinkedIn.) of Airbnb.)
of Apple Alibaba
Inc.) Group.)

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 Expected Future Trends In Technology
Entrepreneurship

Rapid
Continued development
growth of of advanced
artificial telecommuni
intelligence. cations
technologies.

Growing
importance of
virtual and
augmented
reality Emergence of
technologies. new
decentralized
technologies
like
blockchain.
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 Conclusion

Thank you for taking the time to learn about technology

entrepreneurship with this presentation. I hope that it has
inspired you to explore the possibilities of starting your own
technology venture.

Remember, entrepreneurship is a challenging but rewarding

journey. It requires hard work, dedication, and persistence.
But with the right mindset, skills, and support, you can
make a positive impact on the world and achieve your
goals.

So, what are you waiting for? Start your journey towards
technology entrepreneurship today!
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