When Joseph Schumpeter defined the entrepreneur as an innovator, he stated, "[...] that someone is basically an entrepreneur only when he enforces a new combination." (Schumpeter, J., 1912, p. 173). He calls this process "creative destruction, since old patterns are replaced here by new combinations (Schumpeter, J., 1912, p. 157). Since then, Entrepreneurship is in the focus of interest in both management and academia presenting itself as an interdisciplinary field of research. Entrepreneurship is one of the megatrends of our time and has long since reached the general public. Failure is usually an inherent part of starting a business, so the success factors of entrepreneurial ventures are equally in the focus of students, managers, founders and politicians.

At the Chair of Technology Management, within this research area, we primarily focus on entrepreneurship in technology-oriented endeavors. Our research applies both for start-ups and established companies, where such entrepreneurial activities lead to new companies or business areas. We aim to answer the following research questions:

  • How do technologies evolve, and how can such processes be managed in high-tech environments?
  • How can "entrepreneurial ecosystems" support entrepreneurial endeavors?
  • Which ways of successful collaboration exist between established companies and start-ups?
  • How can "Intrapreneurship" in organizations be managed successfully?