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.