International Journal of Technoentrepreneurship (4 papers in press)
Self-Efficacy and Entrepreneurial Intentions in Nascent Technology Entrepreneurs: A Temporal Construal Theory Approach
by Cory Hallam, Gianluca Zanella
Abstract: The growth of the high tech sector has had an enormous impact on economic growth. As a result, institutions and governments are increasingly focused on fueling this type of entrepreneurial activity in their regions and countries. Technology entrepreneurship requires an ability to understand and manage advanced scientific and technological knowledge, and involves assembling heterogeneous assets to produce value for enterprise stakeholders. While there is a significant amount of literature on nascent entrepreneurs and intentions, there is a lack of cognitive research exploring the potential differences with nascent techno-entrepreneurs. This paper focuses on filling this gap by differentiating entrepreneurial intentions amongst self-declared high-tech and non-high-tech nascent entrepreneurs. We present a quantitative study analyzing 1,045 undergraduate business and engineering students from three countries (Mexico, Spain, and the US). The results provide evidence that technological entrepreneurs have the highest intentions to start a business. Further, our findings show that the cultural context and university major significantly influence entrepreneurial intentions. Finally, exploring our data for the temporal construal effect, we provide evidence that previous entrepreneurial experience exerts an effect on short-term entrepreneurial intentions and not on on long-term intentions. These findings are a potential key consideration for educators and scholars that aim at identifying and developing nascent technology entrepreneurs within student populations, a precursor to economic growth.
Keywords: Self-Efficacy; Entrepreneurial Intent; Technology Entrepreneurship; Temporal Construal Effect; Cultural Context; Quantitative Study; Short-Term Entrepreneurial Intent.
Commercializing Energy Technology Innovations: Case of Waste Heat Recovery for Power Generation
by Mark Ryan, Tugrul U. Daim
Abstract: The conversion of industrial waste heat to power represents a significant opportunity for society to reduce the impact of industry processes on the environment, as well as an opportunity for entrepreneurs to develop new and innovative renewable energy businesses models. Through systematic analysis and comparison to geothermal energy, this paper will show that waste heat is a superior energy source that should be considered an independent and specific renewable energy. The change in status to a recognized renewable energy will stimulate significant investment in industrial waste heat, with the potential to provide electricity to 10 million homes from the current industrial waste heat stream, reducing pollution and improving industry profitability. Additionally, this status change would allow investors and developers to collect all available incentives, such as incentive tax credits, production tax credits and renewable energy credits.
Keywords: Energy Technology Innovations; Multiple Perspectives; Renewable Energy.
R&D Partner Selection in ICT Industry Associated with Platform Technology Dominance
by So Young Sohn, Bo Kyeong Lee, Yoon Seong Kim
Abstract: In information and communication technology (ICT) areas, dominated platform technologies give significant influences on customers purchase decision. Therefore, the success of ICT product/service depends on platform technologies. Eventually firms having accumulated knowledge about platform technologies would be preferred as R&D partners according to strategic behavior theory. We utilize an adaptive conjoint analysis to determine the relative importance of various attributes representing platform technology dominance. The results derived from the preferences of R&D managers show that the network externalities are the most important attribute in selecting R&D partner. Moreover, significance of increasing returns to adoption, attracting complementary suppliers and building an early lead follow in the order as mentioned.
Keywords: R&D Partner Selection; Platform Technology Competition; Adaptive Conjoint Analysis; Strategic Alliance; Technology Competition.
The entry strategies of research-based firms in the transition to a sustainable energy system
by Margarida Fontes, Cristina Sousa
Abstract: The paper discusses the entry strategies adopted by research-based firms introducing advanced renewable energy technologies in the electricity production sector and their interactions with regime incumbents. Drawing on the sustainability transitions and the strategic management of technology literatures we build an analytical framework and apply it, in an exploratory way, to firms operating in two very diverse energy niches - wind and wave energy - using in depth-case studies. The results suggest that new entrants tend to depend on complementary assets possessed by incumbents, but have conditions to protect their technologies from expropriation; and that the technology is relevant for (at least some) incumbents, which show interest on them, or are directly involved in their development/use. This is, in most cases, conducive to cooperation strategies, which assume different forms according to the stage of development of the technology and its proximity to incumbents competences and assets.
Keywords: research-based firms; entry strategies; sustainability transitions; renewable energy technologies; niche regime interaction; new entrants; incumbents; disruptive innovation; commercialization strategy; complementary assets; actor behavior; case studies.