Title: On the nature of technological opportunities: concept, origin and evolution
Authors: María-Teresa Aceytuno; F. Rafael Cáceres
Addresses: Department of Economics, University of Huelva, Plaza de la Merced 11, 21071, Huelva, Spain. ' Department of Applied Economics I, University of Sevilla, Avda. Ramón y Cajal 1, 41018, Sevilla, Spain
Abstract: This paper studies in depth the concept of technological opportunity. Our first step is to identify a valid concept of entrepreneurial opportunities, since technological opportunities make up a kind of them. From this, we draw up a definition of technological opportunity. Our definition implies that to generate new opportunities once the capacity to generate opportunities from existing knowledge is exhausted new scientific or technological knowledge have to be introduced into the economy. From this idea, we identify cycles in the evolution of technological opportunities, derived from the cyclical evolution of knowledge.
Keywords: entrepreneurial opportunities; technological opportunity; opportunity life cycles; entrepreneurship.
International Journal of Entrepreneurial Venturing, 2012 Vol.4 No.2, pp.168 - 180
Received: 12 Nov 2010
Accepted: 17 Mar 2011
Published online: 31 Jul 2014 *