The Role of Technology Entrepreneurship Education in Encouraging to Launch New Ventures

Abstract

Technology entrepreneurship refers to processes by which entrepreneurs use resources, and technical systems through collaborative exploration and experimentation to pursue opportunities. The purpose of this study is to explore the role of technology entrepreneurship to increase the intention and motivation of engineering students to establish and manage sustainable new ventures and commercialization of technologies developed in university laboratories. Quantitative data were collected via a questionnaire-based by investigating whether engineering students have sufficient entrepreneurial skills to evaluate opportunity, developing new products, and recognizing potential market applications. Engineering students need to be able to exploit opportunities that rely on scientific and technical knowledge to create and capture value by launch new venture. Our important findings have a series of important practical implications for managers, engineering students, engineers, and scientists interested in encouraging economic growth. For example, technology entrepreneurship education increases the intention to start a business and stimulates the activities in a group setting and a network context because of increasing global competition based on agility, creativity and innovation. The findings of the study also provide practical implications suggest that increasing engineering students understanding and awareness of entrepreneurship lead to greater levels of interest in entrepreneurship careers.