This document discusses technopreneurship from various perspectives. It defines technopreneurship as ventures in fields like IT, electronics, biotech where technology is critical. It outlines 4 types of entrepreneurship and provides examples of successful technopreneurs. It also discusses elements needed for a successful technopreneurship program or hub, including education, culture of innovation, and industry partnerships. Finally, it proposes some strategies for the Philippines, such as developing student-technopreneurs and strengthening the ICT industry through competitions and scholarships.

1. Technopreneurship:The IT ViewpointAndre Joseph T. FournierMaster’s of Business Process Management 2012Faculty of Science & TechnologyALAS 2011

2. 4 Types of EntrepreneurshipIncrementalRoutine business, modest novelty (new coffee shop, new BPO)ImitativeImitation of venture, same business model and template (new regional branch, franchised operations)(Dorf & Byers)

3. 4 Types of EntrepreneurshipRent-seekingBusiness that utilizes standards, regulations and laws to share in value of enterprise (licensing of patented ideas, products or trade secrets - Coca Cola Export)InnovativeBusiness 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)(Dorf & Byers)

4. Technopreneurship DefinedHigh tech ventures in ICT, electronics, internet, life sciences and biotech, such as: Cisco, Microsoft, Intel, Google, Genentech (upcoming: nanotech, materials, energy, environment)Service firms where technology is critical to their mission, such as: e-Bay, FEDEX, SMART money transfer, e-learning

5. Other definitions of TechnopreneurshipDelivery or design of High Tech product like Computer hardware or devices

6. Use of technology in the delivery or conduct of normal business activities

7. A combination of bothMore definitionsTechnopreneur – the person who destroys the existing economic order by introducing new products and services, new forms of organization, use of new materials, etc.

8. Destruction/Disruption by creating a new business or doing it within an existing oneSome successful Technopreneurs Sabeer Bhatia started Hotmail with $300,000 and sold it two years later to Microsoft for $400 million.

9. 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.

10. 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 billionMore Successful TechnopreneurseBay was founded as a marketplace for the sale of goods and services for individuals.

11. Amazon.com was one of the first major companies to sell goods over the Internet

12. Skype was founded by 2 entrepreneurs from Estonia and was acquired by eBay for $2.6bn (£1.4bn) .

13. 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 billion4 February 2004

14. the empowered and connected customer

15. But this is just all a fairytale as of the momentThere are important considerations before we can move to a level where we can compete with foreign giantsSlapping the name “Technopreneurship “ to a degree program without understanding the elements that make such a program work can prove to be disastrous.Certain elements or “environment” is needed for such a program to grow.

16. Some Basic FactsBusinesses start from ideas, but ideas alone do not make a business

17. Customers do not buy ideas, they buy products/services;

18. Customers pay the price; value is what they getThree crucial components for business:Excellent market opportunity

19. Superb entrepreneur (and management team)

20. Resources needed to start the company and make it growMore FactsEducation as a wholistic approach is needed to grow technoprenurial talentsTeamwork is essential-This cannot be done aloneEmphasis on Technical , managerial and entrepreneurial capabilities is importantDevelop the proper mindset to overcome weakness in Filipino culture

21. Technopreneurship Trilogy

22. WeaknessesFilipinos as investors are risk averse-SeguristaNo Collaboration-Kanya kanyaClass room and learning environment does not match the subject matter mostly pertaining to technologyOJT system tends to marginalize student traineesNo firm Academe-Industry linkageNO INTERNATIONAL CERTIFICATION

23. What is ITIL?ITIL is a documented set of best practices for ITSM

24. IT service management (ITSM) is concerned with planning, sourcing, designing, implementing, operating, supporting and improving IT services that are appropriate to service needs

25. 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 managementITIL Service LifecycleSource: http://www.itservicemanagement-itil.com/tracer/itilv3-alignment/

26. Myopic Vision of some InstitutionsFacebook ban spurs picket at ***** de *****GMANews – Tue, Jul 19, 2011http://ph.news.yahoo.com/facebook-ban-spurs-picket-ateneo-davao-162505497.html

30. Do we have Filipino Technopreneurs?Yes or No?

31. Dado BanataoFilipino ICT Hero

32. Dado BanataoBorn and raised in Barrio Malabbac, Iguig, Cagayan Valley, Banatao co-founded Mostron, Chips & Technologies, and S3 . 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.

33. Dado BanataoChips & 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. 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.

34. Recent successes of DadoDado Banatao is now a multimillionaire investor.

35. 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 pocketWinston DamarilloDeveloped Gluecode Software as an open source application system provider

36. Sold Gluecode to IBM in 2005 for an estimated $100 million

37. Launcedh Morphlabs and continues to invest in start up IT companies.Different Stages in ICT DevelopmentICT Consumer

38. Manpower Supplier

39. BPO destination

40. Incubation and Innovation Hub

41. ICT HUB

42. Science and Technology HubSuccessful ICT HubsSilicon Valley

43. Taiwan S & T Hub

44. Bangalore

45. Japan S & T Hubs

46. Singapore S & T Hub

47. CyberJaya (upcoming)Elements for a successful ICT HUBDevelopment of strategic talents thru Universities and schools

48. Culture of Innovation and Creativity

49. Strong Public-Private Sector partnership

50. Presence of Incubators and VCs

51. Private sector takes the driver’s seat in developmentDavao City StrategyEmpower Student-Technopreneurs thru partnership with different Colleges and Universities with eventual goal of introducing a BS degree in Technopreneurship

52. Complement with Mentor/Expert development thru scholarship assistance

53. ICT Industry Sector Strengthening

54. Promotion of Davao City-PESO business plan competition

55. taxesowns/operatesincubatorsavings, trainings, business helprentrevenuesEntrepreneurscan becomesuppliers to bigcompaniesIncubator donationscredibility,expert advice,technology, intellectual propertyconsultanciesfor facultyuniversitydonationsEntrepreneursBenefit from the cheaper cost of holdingoffice in an incubator. Benefits from trainingand business assistance.Private SectorOwns/operates incubatorIncubatorInexpensive office space with shared servicesfor new startup businesses.UniversitiesGets revenue from research that gets commercialized. Consulting opportunities for faculty members. Internships for graduating students.Big IndustryEntrepreneurs could become part of their supply chain.(c) 2006 UP Ayala TBI

56. Contrary to what some people say.....IT is not dead!

60. Other Strategies for SuccessScholarships provide a means of training staff and local businessmen in new methods, technologies and learningsJoin Business Plan Competitions such as PESO

61. Scholarships

62. ©2004 Philippine Emerging Startups Open. All rights reserved.41PESO: a “brain gain” initiative by Filipino graduate students at MITInspired by the MIT $50k (now $100k) Entrepreneurship CompetitionEstablished MIT PESO in 2004 with help from the MIT Public Service CenterMet up with local PESO organizers with MIT tiesLaunched PESO Challenge: a technology and innovation business plan competition now on its 3rd yearMens et manus“Mind and hand”– MIT creed

63. ©2004 Philippine Emerging Startups Open. All rights reserved.42Modeled After The MIT $100K CompetitionMost prestigious and successful entrepreneurship competition in the United States, formerly $50k competition17 years in the runningFacilitated creation of 60+ companiesAggregate value of $10.5+ billion “If all the companies founded by MIT graduates and faculty formed an independent nation, the revenues produced by the companies would make that nation the 24th-largest economy in the world.” - 1997 Bank of Boston study

64. ©2004 Philippine Emerging Startups Open. All rights reserved.43BusinessAcademiaSci. & Eng’gAcademiaGovernmentIndustryPESOVenture CapitalEntrepreneursThe PESO Challenge is more than just your usual business plan competitionTechnology and innovation orientation

65. Teamwork and diversity

66. Workshops in entrepreneurship skill-building

67. Mentoring and tech transfer

68. Post-competition monitoring and networking

69. Teams own rights to plansPESO establishes linkages among key elements in the techno-entrepreneurship ecosystemObjective: Teams form start-ups to bring their business plans to market

70. What YOU can do to help develop technopreneursBe the point of first contact with students and young SMEs/Entrepreneurs

71. Provide support facilities for budding technopreneurs

72. Be Technopreneurs/investors yourselves!

73. Spread the word/be disciplesCall To ActionOrganize and strengthen the IT sector in your area and provide a unified front

74. Support SMEs/SMITEs in incubating business

75. Provide impetus for growth and development

76. Be a strategic partner to in developmental effortsThank you, G’day and have a great conference