Role of Technopreneurs in Malaysian Economic Mohd Abdullah Jusoh, Sultan Idris Education University, Malaysia Hazianti Abdul Halim, Sultan Idris Education University, Malaysia ABSTRACT This new Flagship Application bears vital importance to the growth and development of entrepreneurs in the knowledge-based economy. New structures and strategies are being explored and formulated to help technology-based small and medium-sized enterprises (SMEs) grow and to offer a promising future within the global marketplace. Flagship Application aims at the creation of technopreneurs, information and communication technology (ICT) SMEs as well as start-up companies around the country and acts as focal point in clustering the technopreneurs. Technopreneurs play important role in economic by carry heavier burden as they employ technology in creating and improving the products, services, and production process. INTRODUCTION In this world of accelerating economic globalization, advances in science and technology continue in the blink of an eye, and knowledge is recognized as a core competence in accumulating wealth (Lalkaka, 2002). From a business perspective, the shift toward increasingly automated business process and communication based on for instance the transfer of electronic data is designed to achieve greater efficiency and effectiveness in business processing (Hall, 2001). Around the world, we can see that nations have embraced information and communication technology (ICT) as a means to enrich public and private sector processes, while providing citizens with easier access to these services (Fang, 2002). The emphasis on ICT has also boosted Internet penetration and literacy rates as well as investments in research and developments. The emergence of technological innovations has opened up to new opportunities and challenges to a nation’s economic development (Yunos, 2002). It is worth to mention that information technology has becoming an important fact to the business community as it helps improve the business processes. In Malaysian perspective, the term “technopreneurs” means technology entrepreneurs, which are represented by ICT and multimedia SMEs, seed level ICT and multimedia companies and start-ups ICT and multimedia companies. Hence, the introduction of Technopreneur Development as the new Flagship Application has demonstrated that the government has extended the opportunity especially among SMEs to participate in the local ICT market. By focusing on the technology-based SMEs, technological adoption and ICT advancement will act as channels to expand and accelerate the business as well as the people. This new Flagship Application bears vital importance to the growth and development of entrepreneurs in the knowledge-based economy. Besides, new structures and strategies are being explored and formulated to help technology-based SMEs grow and to offer a promising future within the global marketplace. In this case, SMEs will be able to expand themselves to compete in this borderless world, at the same time create, and add value to their business in order to achieve sustainability. LITERATURE REVIEW The emphasis on information and communication technology (ICT) has boosted investments in research and developments as well as Internet penetration and literacy rates. The emergence of technological innovations has opened up to new opportunities and challenges to businesses. Lalkaka (2002) defined technological innovation as the process that drives a concept towards a marketable product or service.This holds true as it contributes towards raising productivity and competitiveness (Lalkaka, 2002). In this regard, technological adoption and advancement act as channel to expand and accelerate the businesses as well as the people. Businesses will be able to expand themselves to