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Technopreneurship Conceptualization and New Venture Wellness: A Study of Selected SMEs in Delta State

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Abstract

This study investigates the connection between Delta State’s new venture wellness and technopreneurship. The study population consisted of 160 managers and non-managerial employees from seven (7) new businesses that were registered in Delta State. A sample size of 113 was determined using the Krejcie and Morgan sampling technique. A cross-sectional design was employed for this study. A Google online survey was used to collect data for the study. The instrument’s reliability was assessed using the Cronbach Alpha reliability test, which yielded results of 0.7 and higher. Pearson’s product moment correlation of SPSS version 25 was used for analysis. Multiple regression statistics were used to test the hypotheses that were developed. The outcome from the hypotheses suggested that technopreneurship is highly connected with supporting the wellbeing of new companies. From these data, the study concluded that technopreneurship is fundamentally driven by the pursuit of creative ideas and the transformation of technology skills into viable market offerings; again, technopreneurship serves as a catalyst for the flourishing of new initiatives in Delta State. In order to successfully navigate the processes required to become successful technopreneurs, the study advised technopreneurs to arm themselves with both technical expertise and entrepreneurial understanding.


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