TECHNOPRENEURSHIP

PRELIMS

 

4 Kinds of Entrepreneurship

1. incremental

2. imitative

3. rent-seek

4. innovative

 

Technopreneur and the economy

• Technopreneur as agent of economic growth

 

 

 

Entrepreneurial process vs. Technoprenurial process

• Entrepreneurial process

1. Opportunity analysis

2. Business planning

3. Gathering resources

4. Implementation

5. Sealing and Harvesting

• Technopreneurial process

1. Idea generation

2. Idea screening

3. Concept testing

4. Business analysis

5. Prototyping

6. Test marketing

7. Commercialization

8. Monitoring and Evaluation

The technological entrepreneurship continuum

Technological entrepreneurship

• it is simply entrepreneurship in a technology-intensive context.

• it is a process of merging technology prowess and entrepreneurial talent and skills.

 

 

 

MIDTERMS

 

Technopreneurship Ecosystem

Successful technopreneur = H.E.L.F.

 

 

Human resources componet

• research

• thinker, idea generator, and innovator

• developers

• implementors,  and technical people, marketing people, financer

   

Environmental component

• science part

• incubation center, academics institution

• geographic accessibility

   

Laws and Policies component

• intellectual property rights

• technology licensing office

• legal services

   

Financial component

• investors

• business sectors

• funding agency

• financial services

 

 

FINALS

 

Business Plans

                               Planning as a process

The 4 elements for supporting successful plan implementation

1. Is the plan simple, easy to understand, and to act on? Does it communicate its contents easily and practically?

2. Is the plan specific? Are its objectives concrete and measurable? Does it include specific actions and data of completion, specific person and responsible, and specific budget?

3. Is the plan realistic? Are the sales goals, expense, budget, and milestone dates realistic? ("nothing stifles implementation like unrealistic goals")

4. Is the plan complete? Requirements of a business varied depending on context.

    

The uses of business plan

1.  Define and fix objectives

2. Create regular business review and course correction

3. Support a loan application

4. Define agreement  between partners

5. Set a value on a business for sale or legal purposes

6. Evaluate a new product line promotion or expansion

7. Define a new business

    

Business Plans Don'ts

1. Don't use a business plan to show how much you know about your business.

2. Nobody reads a long-winded business plan, not bankers, not bosses, etc.. (max. 50 pages)

    

Importance of Graphics

                  Table and charts present information in visual formats with greater impact than words alone. The business plans should include graphs, bar charts, and pie charts to illustrate: 

1. cash-flow - single most important numerical analysis in a plan.

2. sales forecast with break-even information.

3. profit and loss statements.

4. projected balance sheet and business ration.

 

Sample business plan outline

1. executives summary - write this last, is just a page or 2 of highlights

2. legal establishment, history, and start-up plan

3. product or service - describe what you are selling and focus on customer benefits

4. market analysis - you need to k now your market, customer needs, where they are, how to reach them

5. strategy and implementation - specific, include management responsibility with dates and budgets

6. management team - backgrounds o key members of the team, personnel strategy and details

7. Financial plan - including profit and loss, cash flow, balance sheet, break-even analysis, assumption, and business ratio