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Technopreneurship The I T Viewpoint
Technopreneurship:The IT Viewpoint<br />Andre Joseph T. Fournier<br />Master’s of Business Process Management 2012<br />Faculty of Science & Technology<br />ALAS 2011<br />
4 Types of Entrepreneurship<br />Incremental<br /><ul><li>Routine business, modest novelty (new coffee shop, new BPO)</li></ul>Imitative<br /><ul><li>Imitation of venture, same business model and template (new regional branch, franchised operations)</li></ul>(Dorf & Byers) <br />
4 Types of Entrepreneurship<br />Rent-seeking<br /><ul><li>Business that utilizes standards, regulations and laws to share in value of enterprise (licensing of patented ideas, products or trade secrets - Coca Cola Export)</li></ul>Innovative<br /><ul><li>Business based on innovation (new cure for infectious diseases, new production method to bring down drug cost, new DVD format, new memory chip, ICT-enhanced home appliance)</li></ul>(Dorf & Byers) <br />
Technopreneurship Defined<br />High tech ventures in ICT, electronics, internet, life sciences and biotech, such as: Cisco, Microsoft, Intel, Google, Genentech (upcoming: nanotech, materials, energy, environment)<br />Service firms where technology is critical to their mission, such as: e-Bay, FEDEX, SMART money transfer, e-learning <br />
Other definitions of Technopreneurship<br /><ul><li>Delivery or design of High Tech product like Computer hardware or devices
Use of technology in the delivery or conduct of normal business activities
A combination of both</li></li></ul><li>More definitions<br /><ul><li>Technopreneur – the person who destroys the existing economic order by introducing new products and services, new forms of organization, use of new materials, etc.
Destruction/Disruption by creating a new business or doing it within an existing one</li></li></ul><li>Some successful Technopreneurs<br /><ul><li> Sabeer Bhatia started Hotmail with $300,000 and sold it two years later to Microsoft for $400 million.
Yahoo! began as a student hobby and evolved into a global brand that has changed the way people communicate with each other, find and access information and purchase things.
Google was co-founded by Larry Page and Sergey Brin while they were students at Stanford University. Their IPO took place on August 19, 2004, raising $1.67 billion, making it worth $23 billion</li></li></ul><li>More Successful Technopreneurs<br /><ul><li>eBay was founded as a marketplace for the sale of goods and services for individuals.
Amazon.com was one of the first major companies to sell goods over the Internet
Skype was founded by 2 entrepreneurs from Estonia and was acquired by eBay for $2.6bn (£1.4bn) .
YouTube is a popular free video sharing website which lets users upload, view, and share video clips.It was acquired by Google in 2006 for $1.65 billion</li></li></ul><li>4 February 2004<br />
the empowered and <br />connected customer <br />
But this is just all a fairytale as of the moment<br />There are important considerations before we can move to a level where we can compete with foreign giants<br />Slapping the name “Technopreneurship “ to a degree program without understanding the elements that make such a program work can prove to be disastrous.<br />Certain elements or “environment” is needed for such a program to grow.<br />
Some Basic Facts<br /><ul><li>Businesses start from ideas, but ideas alone do not make a business
Customers do not buy ideas, they buy products/services;
Customers pay the price; value is what they get</li></li></ul><li>Three crucial components for business:<br /><ul><li>Excellent market opportunity
Resources needed to start the company and make it grow</li></li></ul><li>More Facts<br />Education as a wholistic approach is needed to grow technoprenurial talents<br />Teamwork is essential-This cannot be done alone<br />Emphasis on Technical , managerial and entrepreneurial capabilities is important<br />Develop the proper mindset to overcome weakness in Filipino culture<br />
Weaknesses<br />Filipinos as investors are risk averse-Segurista<br />No Collaboration-Kanya kanya<br />Class room and learning environment does not match the subject matter mostly pertaining to technology<br />OJT system tends to marginalize student trainees<br />No firm Academe-Industry linkage<br />NO INTERNATIONAL CERTIFICATION<br />
What is ITIL?<br /><ul><li>ITIL is a documented set of best practices for ITSM
IT service management (ITSM) is concerned with planning, sourcing, designing, implementing, operating, supporting and improving IT services that are appropriate to service needs
ITIL provides a comprehensive, consistent and coherent best practice framework for IT service management and related processes, promoting a high quality approach for achieving business effectiveness and efficiency in IT service management</li></li></ul><li>ITIL Service Lifecycle<br />Source: http://www.itservicemanagement-itil.com/tracer/itilv3-alignment/<br />
Myopic Vision of some Institutions<br />Facebook ban spurs picket at ***** de *****<br />GMANews – Tue, Jul 19, 2011<br />http://ph.news.yahoo.com/facebook-ban-spurs-picket-ateneo-davao-162505497.html<br />
Dado Banatao<br />Born and raised in Barrio Malabbac, Iguig, Cagayan Valley, Banatao co-founded Mostron, Chips & Technologies, and S3 . <br />Banatao is now regarded as a major contributor to the PC industry. He holds several patents including the first Windows graphical user interface (GUI) accelerator chip. He also was the first to push the idea of the "local bus" for the PC, and putting the Ethernet controller on a chip.<br />
Dado Banatao<br />Chips & Technologies eventually went public in 1995, 22 months after it was established. This company was subsequently bought by Intel in 1997 for a reported 430 million dollars. <br />His other company, S3 (start-up number 3) also went public and earned 130 million dollars in 1993, was sold to VIA Technologies for $323 million and continues to develop and market chipsets based on the S3 graphics technology.<br />
Recent successes of Dado<br /><ul><li>Dado Banatao is now a multimillionaire investor.
Dado decided to start his own venture capital firm named Tallwood Venture Capital with a capital of US$300 million, all of which came from his own pocket</li></li></ul><li>Winston Damarillo<br /><ul><li>Developed Gluecode Software as an open source application system provider
Sold Gluecode to IBM in 2005 for an estimated $100 million
Launcedh Morphlabs and continues to invest in start up IT companies.</li></li></ul><li>Different Stages in ICT Development<br /><ul><li>ICT Consumer
Private sector takes the driver’s seat in development</li></li></ul><li>Davao City Strategy<br /><ul><li>Empower Student-Technopreneurs thru partnership with different Colleges and Universities with eventual goal of introducing a BS degree in Technopreneurship
Complement with Mentor/Expert development thru scholarship assistance
Promotion of Davao City-PESO business plan competition</li></li></ul><li>
taxes<br />owns/operates<br />incubator<br />savings, <br />trainings, <br />business help<br />rent<br />revenues<br />Entrepreneurs<br />can become<br />suppliers to big<br />companies<br />Incubator <br />donations<br />credibility,<br />expert advice,<br />technology, <br />intellectual property<br />consultancies<br />for faculty<br />university<br />donations<br />Entrepreneurs<br />Benefit from the cheaper cost of holding<br />office in an incubator. Benefits from training<br />and business assistance.<br />Private Sector<br />Owns/operates incubator<br />Incubator<br />Inexpensive office space with shared services<br />for new startup businesses.<br />Universities<br />Gets revenue from research that gets commercialized. Consulting opportunities for faculty members. Internships for graduating students.<br />Big Industry<br />Entrepreneurs could become part of their supply chain.<br />(c) 2006 UP Ayala TBI<br />
Contrary to what some people say.....<br />IT is not dead!<br />
Other Strategies for Success<br />Scholarships provide a means of training staff and local businessmen in new methods, technologies and learnings<br />Join Business Plan Competitions such as PESO<br />
Teams own rights to plans</li></ul>PESO establishes linkages among key elements in the techno-entrepreneurship ecosystem<br />Objective: Teams form start-ups to bring their business plans to market<br />
What YOU can do to help develop technopreneurs<br /><ul><li>Be the point of first contact with students and young SMEs/Entrepreneurs
Provide support facilities for budding technopreneurs