Innovation and entrepreneurial opportunities with internet ventures

Singh, Mohini and Waddell, Dianne 2006, Innovation and entrepreneurial opportunities with internet ventures, in Proceedings of the European Conference on Entrepreneurship and Innovation 2006, Academic Conference Limited, United Kingdom, pp. 247-254.

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Title Innovation and entrepreneurial opportunities with internet ventures
Author(s) Singh, Mohini
Waddell, Dianne
Conference name European Conference on Entrepreneurship and Innovation (2006: Paris, France)
Conference location Paris, France
Conference dates 16-17 Nov 2006
Title of proceedings Proceedings of the European Conference on Entrepreneurship and Innovation 2006
Editor(s) Remenyi, Dan
Publication date 2006
Conference series European Conference on Entrepreneurship and Innovation
Start page 247
End page 254
Publisher Academic Conference Limited
Place of publication United Kingdom
Keyword(s) entrepreneurship
cyber entrepreneurship
entrepreneurial opportunities on the Internet
Summary This paper discusses innovation and entrepreneurial opportunities of Internet ventures. In the last decade the Internet has become an important communication tool as well as a platform for new business enterprises. Internet businesses are global, easy to set up with little or no capital requirements and innovative. These businesses range from intermediary services such as financial service providers supporting online payments and e-markets facilitating buying and selling in horizontal and vertical markets, to new enterprises selling unique products. However, the Internet age has seen a rise in startup dot.coms, a failure of dot.coms and an increasing trend in consolidation of the digital economy. Entrepreneurial opportunities on the Internet are highlighted in this paper with a review of literature on entrepreneurship opportunities, characteristics and and challenges. It includes case studies demonstrating the opportunities and challenges of Internet innovations and discusses characteristics of cyber entrepreneurs identified from the case studies. The relevance of technical knowledge such as computing and programming skills, perseverance and the ability to set up business with little or no capital are important traits of cyber entrepreneurs discussed in this paper. The other issues apparent from the case studies are an opportunistic and innovative mindset, and an ability to create value where there was none before. This paper highlights that Internet ventures are a type of e-business that are easy to implement, have no barriers to entry and for which technical knowledge is an asset.
ISBN 9781905305391
Language eng
Field of Research 150307 Innovation and Technology Management
HERDC Research category E1 Full written paper - refereed
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