Philippine Business Landscape & Startup Ecosystem Quiz

The Philippines Business Landscape

• Ranked 52nd out of 64 countries in the World Competitiveness Ranking 2021
• 99.6% of registered businesses are Micro, Small, and Medium Enterprises (MSMEs)
• Estimated 110.8 million Filipinos as of 2021
• 70% of the workforce is employed by Small and Medium Enterprises (SMEs)

The Philippine Startup Ecosystem

• 440+ startups
• 120+ coworking spaces
• 50+ angel investors
• 40+ venture capitalists
• 35+ incubators and accelerators
• Support from government and educational institutions

MSME Development: 5 Strategic Goals

• Improved Business Climate
• Improved Access to Finance
• Enhanced Management and Labor Capabilities
• Improved Access to Technology and Innovation
• Improved Access to Market

What is Technopreneurship?

• Integration of technology, innovation, and entrepreneurship
• Identifying modern technologies and creating technological opportunities
• Presentation of commercial products and services

Types of Entrepreneurs

• Social Entrepreneur: pursues innovative solutions to social problems
• Lifestyle Entrepreneur: generates profit from personal passion
• Serial Entrepreneur: continuously produces new ideas and business ventures

Technopreneurship: Trilogy

• Work like a Technician
• Think like an Entrepreneur
• Behave like a Manager

Qualities of a Successful Technopreneur

• Creative
• Driven
• Persuasive
• Tech-savvy
• Innovative
• Leader/Visionary
• Problem Solver
• Risk Taker

Ideation and Innovation

• Ideation: process of generating a broad set of ideas on a given topic
• Sources of Ideas: internal (customer service, engineering, sales force, etc.) and external (individuals, lead users, patents, etc.)
• Innovation: value creation, changes, improvements, novel, new ideas
• Innovation Types: organization-driven and market-driven ideas
• Innovation Implementation: taking two things that exist and putting them together in a new way