Technological innovation company
Introduction
A technology-based company (EBT), commonly known as technology company or simply technological,[1] is that commercial entity that bases its activity on the applications of new technologies and/or applied sciences for the generation or improvement of products, processes or services.[2] In the case of applied sciences, this type of company often arises from universities and public R&D organizations, in which case they are generally called spin-off.[2].
Description
Academic definition
There is no single definition of what a technology-based company is.[3] According to the acceptance of the School of Industrial Organization, it is generally one in which the mastery of technology is the basic element of the strategy.[3] The definition of what constitutes an EBT is important in the context of financing and support from authorities and public entities, since in many cases the survival of a new EBT depends on different subsidies. On the other hand, in the case of private investment funds, and especially angel investors, their financial support does not necessarily depend on a specific definition.
According to the CPAN"), the strictest sense of the term (used in the academic world) suggests that a technology-based company is proposed as a new way for the transfer and commercialization of research results, providing benefits both to the researchers who propose it and to society in general,[2] and that it must in any case have the following characteristics: a strong technological base, a high level of innovation, new products or services on the market and interaction with teaching staff or doctoral students.
common meaning
The world of business, however (and the most common meaning in general), offers a broader point of view, referring to any company whose main products or services are technologically based. This interpretation includes computer and telecommunications multinationals, such as Apple, Microsoft, Intel or Huawei; manufacturers of technological products, such as process automation, autonomous vehicles, robotics, home automation and similar; and companies dedicated to the development of software, SaaS, e-commerce platforms, or web and mobile applications; among others. Many times, companies that offer services based on these products, such as internet and computer security providers and digital agencies, are also included in this definition.