Entrepreneurship and Technological Innovation

Paper Summary:

The paper makes the claim that entrepreneurship has a vital role in creating technologies for a sustainable economy. According to the writer, the entrepreneur is often the source of technological innovation. The paper shows the impact entrepreneurship has had on the economy in the United States and the ways in which the U.S. government has encouraged entrepreneurs.

From the Paper:

"We are living in the age of the entrepreneur and of technology. To be sure, this is an era defined by technologies of thinking and forward-looking technology strategies established to create competitive advantage in the fast-paced global economy it is a time of boundless creative and inventive imaginations that lie in the heart of the entrepreneur, or the individual motivated by the risk of adventure and an insatiable desire to improve, modify, invent, and innovate. Notably, statistics show that entrepreneurial enterprises are the most important players in converting technology to goods and services, to profits and jobs, and that they often support much of the research needed to develop new technologies. As such, the U.S. government has made it clear that it is depending upon the entrepreneur to help increase our supply of technological innovations, a vital source of national security and prosperity (Gibbons, p. 11)."

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