New Businesses

Technology StartupsBill Gates , Paul totallyen , Steve Jobs , Larry Page , Sergey Brin , Michael dell , all(a) of these people are one million millionaires who never stayed a day in billet school . However , their lack of a contrast background hasn t stopped them from creating multinational companies with market capitalizations of billions of dollars all deep down the past few decades It was Microsoft for Gates and Allen , Apple for Jobs and Google for Page and Brin and dingle for Dell . All of these people became billionaires through technical schoolnology , creating their great fortunes on products that they themselves created , marketed and grew into the corporations we know todayRome wasn t built overnight and so were these racy tech titans . Silicon Valley lore is rich with the stories of billion dollar companies starting out in garages or residence rooms . While the original offices of these companies were located in such(prenominal) decrepit locales , we could hardly credit these places with the starts of these companies . What would be more(prenominal) holy is to say that these companies started with engineering found oftentimes in still a single product . Bill Gates wanted to write programming languages , Steve Jobs wanted to make an easy to implement computer , Page and Brin came up with a great representation to rapidly meet needles in the in pull ination haystack and Dell to use his dorm room to make computers instead of studyingAside from creating riches for its creators , applied science is important to the nation as a social unit . Technology allows the state to have sustainable economic blowup by creating new jobs , new export products , and by change magnitude the productivity of the economy . Aside from that , new technology improves the tonicity of life for the people that it affects (MehlmanFor the period between 1992 and 2000 , high tech companies were responsible for creating twice as many jobs in the US as non high tech companies . In addition to creating more jobs , tech jobs also pay more on mean(a) than non high tech jobs .

Special mention is the IT sector which created 28 of real economic growth from 1996-2000 even if it accounted for only 7 of all business . Additionally , high tech business areas give back immensely to the community by creating a healthy local economy and by reinforcing the development of a strong educational system in the area as good schools are essential for the success of tech sectors . All of these benefits are locked in a cycle of innovation and enthronement between the scientists , engineers , entrepreneurs and venture capitalists (MehlmanIt is in this cycle that we will find the technology startup , a company that seeks solely to market a technology developed or created by its founders . Startups form a part of the technology transfer process In the case of startups , a business is created around a technology made in a university or research governance . A researcher will stumble upon a potentially profitable technology and decides to commercialize it Other times , a startup may simply license a technology from a research institution . In...If you want to get a full essay, order it on our website: Orderessay

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