Technopreneurship 1 PDF

Special Track 1 – Technopreneurship 1 BS in Entrepreneurship Third Year PREPARED BY: SONNYLEN G. REQUILLAS, MBA Course Professor, Entrep 22c Lesson 1. Introduction to Technopreneurship ❑Basic concepts of technopreneurship ❑Technopreneurship versus entrepreneurship ❑Te...

Special Track 1 – Technopreneurship 1 BS in Entrepreneurship Third Year PREPARED BY: SONNYLEN G. REQUILLAS, MBA Course Professor, Entrep 22c Lesson 1. Introduction to Technopreneurship ❑Basic concepts of technopreneurship ❑Technopreneurship versus entrepreneurship ❑Technopreneur versus entrepreneur ❑Technopreneurship ideas 2  PREPARATORY ACTIVITY Part 1 (10 minutes) ❑Write a short reflection on the following prompt: “What comes to your mind when you hear the term TECHNOPRENEURSHIP?” How do you think technology influences entrepreneurship today?” ❑Identify any technology-driven businesses or start-ups you are familiar with and describe their impact. 3  PREPARATORY ACTIVITY (Cont’d.) Part 2 (15 minutes) ❑Form with at least 7 members. Share your reflection with your group. ❑Discuss the following questions: 1. What are some key characteristics that differentiate a traditional entrepreneur from a technopreneur? 2. Can you think of any local or global technopreneurs who have significantly impacted society? What makes their approach unique? 4  PREPARATORY ACTIVITY (Cont’d.) Part 3 (15 minutes) ❑Each group will select a representative to share their insights with the entire class. ❑Highlight common themes and unique perspective discussed in the group. 5 Definition of Technopreneurship Technopreneurship, a fusion of technology and entrepreneurship, refers to the process of integrating technological innovations with entrepreneurial ventures to create new businesses or transform existing ones. 6  Definition of Technopreneurship Technopreneurship in a nutshell is “Creating the NEW and destroying the OLD” with new knowledge, new products, new processes, new services, new markets and new business. 7  Definition of Technopreneurship Technology Innovation Entrepreneur ship TECHNOPRENEURSHIP 8  Definition of Technopreneurship Technology Entrepreneurship 9  Definition of Technopreneurship Manufacturing of hi-tech products or making use of hi- technology to deliver products to consumers is Technopreneurship.10  IMPORTANCE OF TECHNOPRENEURSHIP Supports the beneficial and long-term development of technology It opens access to technological advancement It leads to more employment opportunities, particularly in MSMEs It supports the growth of the market economy It encourages entrepreneurial mindset 11  TECHNOPRENEURSHIP vs. ENTREPRENEURSHIP? SIMILARITIES DISTINCTION Technopreneurship Creation & focuses on leveraging management of new technological ventures innovations Goal = to generate Entrepreneurship can profit and add value span wide range of to the company industries & sectors 12  TECHNOPRENEUR VS. ENTREPRENEUR DISTINCTION In terms of: TECHNOPRENEUR ENTREPRENEUR Focus on Technology creating and commercializing new technology starting businesses in a variety of industries Background and background in engineering or research and come from a wider range of disciplines Experience development Funding and Resources need more capital and resources to develop may be able to bootstrap their businesses or start with and grow their technology little resources Intellectual Property and more concerned with securing intellectual building a strong brand and a compelling marketing Branding property rights and patenting their technology plan in order to stand out from the crowd Staying Up-to-Date keep abreast of the most recent technological need to be updated on market trends and customer advancements requests 13  TECHNOPRENEUR VS. ENTREPRENEUR RISK-TAKER INNOVATIVE FLEXIBLE PERSISTENCE VISIONARY S I M I L A R I T I E S 14  Who is a Technopreneur? a technopreneur is someone who The goal in this field is to develop a establishes and runs product or solution that employs technological methods to alter how his/her own something was done previously and technology company how it will be done better in the future. 15 CHARACTERISTICS OF A TECHNOPRENEUR ================ 16 Presentation title 20XX  TECHNOPRENEURSHIP IDEAS COMPUTER ARTIFICIAL DIGITAL SECURITY INTELLIGENCE MARKETING 17  TECHNOPRENEURSHIP IDEAS (cont’d.) EDUCATIONAL ROBOTICS E-COMMERCE TECHNOLOGY 18  TECHNOPRENEURSHIP IDEAS (cont’d.) SOFTWARE SOCIAL MEDIA WEB DESIGN DEVELOPMENT MARKETING 19  ACTIVITY #1. Brainstorming In your class, select your partner that you can work along with your techno business idea within the semester. With your partner, brainstorm and list techno business ideas (as many as you can) that can solve current business challenges or improve existing business process. From your list, select at least three (3) that you can possibly propose. 20 Lesson 2. Technology Transfer and Commercialization 1. Understanding technology transfer 2. Models and mechanisms of technology transfer 3. Case studies of successful technology commercialization  UNDERSTANDING TECHNOLOGY TRANSFER Technology transfer is the movement of data, designs, inventions, materials, software, technical knowledge or trade secrets from one organization to another or from one purpose to another.  UNDERSTANDING TECHNOLOGY TRANSFER Technology transfer (or tech transfer), in the context of research institutions, is the process by which new inventions and other innovations created in those institutions’ labs are turned into products and commercialized. 23  UNDERSTANDING TECHNOLOGY TRANSFER Technology transfer, or Tech Transfer or transfer of technology (ToT), is a process in which technology or knowledge developed at one organization is transferred to another, typically for the purpose of commercialization. 24  MODELS OF TECHNOLOGY TRANSFER 1. Linear Model – traditional model 25  MODELS OF TECHNOLOGY TRANSFER 2. RELATIONAL MODEL – relationships between various stakeholders COLLABORATION PARTNERSHIPS NETWORKS 26  MODELS OF TECHNOLOGY TRANSFER 3. INTERACTIVE MODEL –continuous interaction between researchers and users FEEDBACK ITERATIVE LOOPS PROCESS USER INVOLVEMENT 27  MODELS OF TECHNOLOGY TRANSFER 4. NETWORK MODEL – role of networks and ecosystems ECOSYSTEM MULTI-ACTOR INVOLVEMENT INTERCONNECTED NETWROKS 28  MODELS OF TECHNOLOGY TRANSFER 5. ABSORPTIVE CAPACITY MODEL - highlights the importance of the recipient’s ability to recognize, assimilate, & apply new technology ABSORPTIVE ORGANIZATIONAL CAPACITY READINESS KNOWLEDGE ASSIMILATION 29  MECHANISMS OF TECHNOLOGY TRANSFER LICENSING SPIN-OFFS AND JOINT VENTURES RESEARCH STARTUPS COLLABORATIONS CONSULTING AND TECHNICAL ASSISTANCE TECHNOLOGY INCUBATORS Public-Private ADVISORY SERVICES AND TRAINING AND ACCELERATORS Partnerships (PPPs) 30