Abstract

There is a strong connection between Technological development Innovations and entrepreneurship It is noteworthy that entrepreneurship forms the sub structure upon which science and technology are built As we understand it technopreneurship is by a large part still entrepreneurship The difference is that technopreneurship is either involved in delivering an innovative hi-tech product e g Microsoft or makes use of hi-tech in an innovative way to deliver its product to the consumer e g eBay or both e g most pharmaceutical companies Technopreneurship is not a product but a process of synthesis in engineering the future of a person an organization a nation and the world Strategic directions or decision-making processes are becoming more demanding and complex This requires universities and in site professional development programs and training to produce strategic thinkers who will have skills to succeed in a rapidly changing global environment This paper has brought to the fore the need for countries to put forward realize and promote technopreneurship as a way of technological advancementin the modern age as it asserts that entrepreneurship must be the sole baseof innovation in the world of science and technology only then can technological innovations be valuable to the pursuit of economic development While the strength and growth of any economy is facilitated by the civil entrepreneurial culture and the versatility of its technical knowhow this paper focus on the relevance of adopting technopreneurship as a way of societal development thus establishing the inter-relationship between the scientist engineers and the business sector with aim of enhancing proficiency in research and development