Technology, in and of itself, cannot transform ideas to profits. According to William Miller, a professor, entrepreneur and venture capitalist, having the technology that the market wants is only part of the game. To be successful, technology requires other necessary conditions to be in place – an ecosystem of talent, money, trade, education, art, even lawyers – to grow and flourish. The challenge, however, is in getting the hardware-software combination right.
Business | Entrepreneurial and Small Business Operations | Technology and Innovation
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Copyright © Singapore Management University 2012
Innovation and Entrepreneurship
Developing an advanced high-tech entrepreneurial habitat. (2010). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/148