A technoprenuer is an entrepreneur who is technology skill, creative, innovative, dynamic, dares to be different and take the unexplored path, and very passionate about their work. They take challenges and strive to lead their life with greater success. They don't fear to fail. They take failure as a learning experience, a stimulator to look things differently and stride for next challenge. Technoprenuers continuously go through an organic process of continual improvement and always try to redefine the dynamic digital economy.

Technopreneurship is not a product but a process of synthesis in engineering the future of a person, an organization, a nation and the world. In a digital, knowledge based society, strategic directions or decision-making processes will be demanding and complex. This requires tertiary level and professional development programs and training to produce strategic thinkers who will have the skills to succeed in a dynamically changing global environment. Traditional educational programs, however, lack the methodology to transform today's students into creative, innovative, visionary global leaders who understand the importance of technopreneurship, (according to the article of yahoo.com).

Similarly, for technopreneurial venture to start, grow and succeed, it must also have the required resources, environment and support.

There are four Technopreneurship Ecosystem:

·         Human Resources have four components. First is research, is the one who will think and the one who can generate idea for business. Second is developer, is the implementor and technical people. Third are the scanner and marketing people. Lastly are the financers.

·         Laws and Policies

·         Environment has many components but I will give you four important components only. First are science and parks, incubation centers, infrastructure, communication and other support services.

·         Financial have four components. First are the investors, business sectors, funding agencies and also the financial services. One example of financial services is accounting.

Innovation is the person will gets an idea, active search, by chance and present employment or experience. There are two triggering event. First are career objects and deliberate objects.

For me, being inventive is about taking calculated risks which will require you to be positive, imaginative, fearless and undeterred by negativity, doubt and battle to change.

There are three vital components:

·         Exceptional market opportunity

·         Superb entrepreneur and management team

·         Resources needed to start the company and to make it grow.

There are 8 sources of Seed Capital:

·         Personal savings

·         Bank loans

·         Family

·         Employees/partners

·         Friends

·         Venture capital

·         Mortgaged property

·         Government guaranteed loan

Seed Money is sometimes known as seed funding. Seed Money is a form of securities offering in which an investor purchases the part of a business. The term seed suggest that this is an early investment, meant to support the business until it can generate cash of its own, or until it is ready for further investments. Seed Money has options include friends and family funding, angel funding and crowd funding.  

For me, Seed funding often comes from the company founder’s personal assets or from friends and family. The amount of money is usually relatively small because the business is still in the idea or conceptual stage. Such a venture is generally at a pre-revenue stage and seed capital is needed for research & development, to cover initial operating everyday expenditure until a product or service can start generating profits, and to attract the attention of endeavor capitalists.

Blood Money, beating up family and friends is the most common way to finance a start-up. It’s also the riskiest.

Borrowing: Avoiding problems with family and friends. When entrepreneurs borrow attar-up capital from family members or friends, it’s best to prepare for the worst before it happens.

Borrowing money for your business. Whether you borrow money from a bank or someone you know, you should sign a promissory note. Promissory note is a legally binding contract in which you promise to repay the money.

Steps to borrowing from family or friends. Keeping the relationship professional is the key to successful borrowing from close acquaintances.

Try Bank Borrowing. Bank financing isn’t impossible.

Angel Investors will not only share their money, they’re also great sources of knowledge for hatchling businesses.

Get Creative. Bank and investors aren’t the only ways to fund a business. Check out these unconventional resources that some business owners have used.

Use Credit Cards. Fake can jump start any business, but use it sensibly.

There are six famous Technopreneur:

·         Bill Gates, he developed Microsoft Software and he deals it to the IBM’s first PC’s. He dominated the industry.

·         Steve Jobs and Steve Wozniac, was founded the Apple Technology. Steve Jobs is known as one of the successful person.

·         Michael Dell, he created a new model for PC sales cutting out the retail middle man and custom building computer named as Dell computers.

·         Larry Page and Sergey Brin, they are both founded the Google.

·         Dado Banatao, is known as the father of the semi conductor. He founded Mostron, Chips & Technologies, and S3.

Intellectual Property (IP), refers to creations of the mind like inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.

Intellectual Property is divided into three categories:

·         Industrial Property, which includes inventions such as (patents).

·         Trademarks, Industrial designs, and geographic indications of source.

·         Copyright, which includes literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs.

Intellectual Property Rights (IPR), are the rights are given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.

Patent, has a term of protection of twenty (20) years providing an inventor significant commercial gain. In return, the patent owner must share the full description of the invention. A patent grants an inventor exclusive rights to make, use, sell, and import an invention for a limited period of time, in exchange for the public disclosure of the invention.  This information is made available to the public in the form of the Intellectual Property Official Gazette and can be utilized as basis for future research and will in turn promote innovation and development.

Official Gazette is the public journal and main publication of the government of the Republic of the Philippines.

Invention is a solution to a specific technological problem, which may be a product or a process.

Who may apply for a Patent?

•   Natural person
•  Juridical person, a body of persons, a corporation, a partnership, or other legal entity recognized by law

Who prepares the Patent Application?

    
  • Applicant or Inventor
                First obtain practical ideas as to how specification and claims are drafted by perusal and study of patents previously granted on related invention in the IPP Library or to any IP website.

For me, innovation creates success and being innovative in your business is one of the keys to being doing well. Innovation is the beginning of new processes, new ways of doing things and revolutionizing how things have been accomplished previously.
Innovation isn't just about improvement; it's much more than that. Improvement is taking what you have and making it better doing more of the similar but enhanced, whereas innovation is about discovering new methods and making changes.

I hope you enjoy reading my blog thank you.

TECHNOPRENEURSHIP

TECHNOPRENEURSHIP

                 

The word Entrepreneur comes from French word “Entreprendre”. Entrepreneur is an individual who undertake the risk of new ventures.

What is an Entrepreneur? Entrepreneur is a people who enter into new and pioneering ventures. One example of entrepreneur is Mr. Richard Cantillon, he was a French Economist.

Why we need an Entrepreneur? In the world of business... definitely we need them.They are the persons who organize and manage any enterprise,especially a business, usually with considerable initiative and risk.Entrepreneurs are the ones who undertake innovations, finance and business acumen in an effort to transform innovations into economic goods.

The Characteristics of an Entrepreneur:

·         Hard working

·         Self- confident

·         Builds for the future

·         Profit-oriented

·         Goal-oriented

·         Persistent

·         Responds to feedback

·         Demonstrates Initiative

·         Willing to listen

·         Sets own standards

·         Copes with Uncertainty

·         Committed

·         Builds on Strengths

·         Reliable and has an Integrity

·         Risk Taker

What is an Entrepreneurship? Entrepreneurship was involves having the guts to do what you believe is right, thinking out of the box and making business out of it. 

There are 4 types of Entrepreneurship:

·         Incremental, is a routine business and modest novelty. Example of this is new coffee shop and new BPO.

·         Imitative, is an imitation of venture, same business model and template. Example of this is a new regional branch and franchised operations.

·         Rent-seeking, business that utilizes standards, regulations and laws to share in value of enterprise. One example of this is a Coca cola Export.

·         Innovative, is a business based on innovation. Example is a new memory chip.

Technology+Entrepreneur=TechnopreneurshipTechnopreneurship is an entrepreneur in the field of technology. Technopreneurship is being an entrepreneur by using existing technologies and suiting it to a new application, inventing or developing a new product.

(According to dancelfandinotechno) Technopreneurs are entrepreneurs who are into the core businesses involving technology-based industries. They make use of technology to come out with new or innovative products through a process of commercialization. The businesses are generally marked with high growth potential and high leverage of knowledge and intellectual property. Potential Technopreneurs must be equipped with both technical and business skills. Centre for Professional & Continuing Education (CPCE) is the centre responsible for coordinating, promoting, managing and supervising all activities pertaining to technopreneur development and innovation

(According to the Anonymous) Someone who uses technology will need to do something new or invents new devices and then make a business from selling these new things.

(According to Mankani,D.) There are 6 Importance of Technopreneurship. First is Employment Creation, the entrepreneur can create employment for themselves and to other people. They are employers and hence assist in solving the unemployment problem in the country. Second importance is Local Resources, when entrepreneur will utilize the local resources, the value of these resources will be increases. Third is Decentralization and diversification of business, the entrepreneurs are able to identify business opportunities and locate these businesses in suitable areas including the rural areas. Fourth is Promotion of Technology, by being creative the entrepreneurs are able to contribute to the utilization and development of technology. Fifth is Capital Formation, the entrepreneurship increases the capital formation and investment. Lastly is Promotion of an Entrepreneurial culture, by projecting successful images the entrepreneurs will become models that can be copied by young people.

To develop of a business plan, the first thing to do is you need to write a business plan, presenting and defending the business plan and adding refinements to the presented business plan.

What are the things to be considered in starting/Creating a business?
1. Financial/Capital
2.Location
3.Market
4.Profitability
5.Structure of the business

What's the difference between Entrepreneur, Technopreneur, Intrapreneur, Innovator and Manager?

Entrepreneur- organizes and manages any enterprise with or without applied technology.
Technopreneur - undertakes innovations usually with the aid of technology.
Intrapreneur -An inside entrepreneur, or an entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks associated with those activities.
Innovator -the first person to show something new and is a person or an organization who is one of the first to introduce into reality something better than before.
Manager - the one who manages and give commands ...he doesn't have to be a model to his/her employees.

Technopreneurship

          A technopreneur is an entrepreneur who is technology savvy, creative, innovative, dynamic, dares to be different an take and unexplored path, and very passionate about their work. They take challenges and strive to lead their life with greater success. They don’t fear to fail. They take failure as learning experience, a stimulator to look things differently and stride for next challenge. Technoprenuers continuously go through an organic process of continual improvement and always try to redefine the dynamic digital economy.

Most Successful and Effective Technopreneurs:

1.     Are not born, but made

2.    Is most often no a one man team. He works with a team

3.    Is trained be a mentor

4.    Is a calculated risk taker

5.    Shares the burden of responsibilities to other team member

6.    Understand the needs of the customers

7.    Has a business model in mind

8.    Understand the value of resources and where to find them

9.    Does not aim to stand out but to address a solution for a common good

10. Love what they do

According to steve jobs – You’ve  got to start  with the customer experience  and work back toward the technology – not the other way around. On May 1997 at World Wide Developers Conference.

Some basic facts about Technopreneurship:

·         Businesses start from ideas, but ideas alone do not make a business.

·         The customers do not buy ideas, they buy products or ideas.

·         Customers pay the price, value is what they get.

·         A studied approach to planning the business is needed.

·         A marketable product may not result in a viable business.

·         The entrepreneurship is calculated risk-taking ,not foolhardiness,.

Technopreneurship = entrepreneurship applied to the technology industry.

For me, it is right.  In other words, to succeed in the technology industry, you still have to apply the same principles of good entrepreneurship. A lot of people forget that. Good thing you’re reminding them of it. I hope you enjoy reading my blog thank you .

 Intellectual property is a term used for an area of the law dealing with creations of the mind and the corresponding property rights to these creations.  Patents, trade-marks, copyright, industrial designs and similar rights are referred to as intellectual property. These rights are property in the sense that they are based on the legal right to exclude others from using the property and in that ownership of the rights can be transferred. The rights are intellectual in the sense that they protect intangible subjects, usually arising out of some form of human creativity.

What is a Copyright? The copyright is established in the US Constitution. Copyright deals with the rights of an author or creator of an original work.  Copyright does not protect many of the things people think it does.  Copyright does not protect ideas, concepts, facts, names, titles, slogans, procedures or methods.  Copyright only protects original works of authorship fixed in a tangible medium of expression. Examples of tangible mediums of expression include photos, video recordings, audio recordings, written records, paintings and computer programs.  Copyright protection starts as soon as the author or creator’s original work is fixed in one of the above tangible mediums of expression, and the author or creator then begins establishing common law rights.  But, like with trademark, the work must be registered in order to be able to pursue alleged copyright infringers. I’m sure most of you are aware that photographs and videos have copyright protection, and ownership is attributed to the photographer or videographer.  But copyright protection is also afforded to the text on your business website, or the language in your advertising and marketing material, whether or not you realized that when you wrote it.

What is a Trademark? Basically, a trademark is your company’s brand. In more technical terms, a trademark is a word, name, symbol or device that is used in commerce with a product to indicate the source of the product and to distinguish it from the products of others.  While “trademark” is the most commonly used term, there is a distinction made for words, names, symbols or devices used in trade to indicate the source of a service, rather than a product, and these are called service marks.  A trade name is the term used to refer to a business’ name.  “Trade dress” refers to the appearance of a product or its packaging, when that appearance indicates the source of the product.

What is a Patent? Patent is issued by the U.S. Patent and Trademark Office (USPTO). A patent is a set of rights given to an inventor for a certain period of time.   In order to receive this protection, the inventor must show that the invention is new, non-obvious and useful or industrially applicable.  In order to receive protection, the invention must be publicly disclosed, through registration.

What is a Trade Secret? A trade secret is basically your business’ confidential information.   In most states, this includes any formula, pattern, practice, physical device, design, idea, process or compilation of information that provides the owner of the information with a competitive advantage in the marketplace and treated in a way that can reasonably be expected to prevent the public or competitors from learning about it, absent improper acquisition or theft. Trade secrets can be very important to your business, but are often overlooked or abused.  You cannot register your trade secrets the same way you can a trademark, copyright or patent.  Instead, your rights and protection relate specifically to your ability to keep your secrets secret.

The key intellectual property issues:

·  Plagiarism is theft and passing off of someone’s ideas or words as one’s own. Many students do not understand what constitute plagiarism and they believe that all electronic content is in the public domain.

·   Reverse engineering is a process of taking something apart in order to understand, build a copy of it and improve it.

·  Open source code is made available for use or modification as users or other developers see fit.

· Competitive intelligence is the ethical gathering and analysis of competitor and market information from open sources. This analysis is used by organizations to make better strategic decisions.

Social network is the mapping and measuring of relationships and flows between people, groups, organizations, computers, URLs, and other connected information/knowledge entities. The nodes in the network are the people and groups while the links show relationships or flows between the nodes. Social network provides both a visual and a mathematical analysis of human relationships. To understand networks and their participants, we evaluate the location of actors in the network. Measuring the network location is finding the centrality of a node. These measures give us insight into the various roles and groupings in a network who are the connectors, mavens, leaders, bridges, isolates, where the clusters are and who is in them, who is in the core of the network.

What is a social networking web site? Social networking web site is a site whose purpose is to create an online community of Internet users that enables members to break down barriers created by time, distance and cultural differences. It allow people o interact with others online by sharing opinions, insights, information, interest and experience.

A social shopping web site can brings shoppers and sellers together in a social networking environment in which members can share information and make recommendations while shopping online.

Social Networking Ethical Issues when you have a community of tens of millions of users, not everyone is going to be a good neighbor and abide by the rules of the community. Many will stretch or exceed the bounds of generally accepted behavior.

  Cyberbullying is the harassment, torment, humiliation, or threatening of one minor or group of minors via the internet or cell phone. Cyberstalking is threatening the behavior or unwanted advances directed at an adult using the internet or other forms of online and electronic communications. It is the adult version of cyberbullying.

Thank you very much for reading my blog.

References: www.google.com.ph

                      http://en.wikipedia.org

                      http://thelawforcreatives.com