Technological entrepreneurship and small business innovation research programs

The development and commercialization of new technologies are important to the global economy. New product technologies can revitalize old industries or create entirely new industries. New process technologies can streamline production and increase efficiency. High-tech start-ups and technology development firms, also known as technological entrepreneurs, play an important role in developing and commercializing the technologies, especially in artificial intelligence, biotechnology, software, and the telecommunications industry (Zahra 1996a). As technology adopters, they use new technologies for product and process innovation; as technology developers, they initiate the commercialization of new technologies (Clarysse and Moray 2004)