TECHNOPRENEURSHIP

LEARNING OUTCOMES

At the end of the lecture discussion and engagement, students must be able to:
• Gain appreciation of being an technopreneur and understand the nature of
entrepreneurship and truths about entrepreneurs and entrepreneurship.
• Relate the types and characteristics of an entrepreneur to personal potentials.
• Students will able to learn Start-ups, Start up Act.
• Business Organizations and Functions
What is Technopreneurship & Technopreneur
• What is Technopreneurship?
• Technology + Entrepreneurship?

• What is Technopreneur?
• Describing an entrepreneur who uses the cutting-edge technology to develop
new business model. –Mankani, D-
• Someone who uses technology to do something new or invents new devices
& then makes a business from selling these new things. –anonymous-
 10 Principles of Entrepreneurship

Make Viable Products or Services

01 Be a Solution Provider 04

Proper Identification of Capital

Have a Vision 02 05 Requirements

Accountability and
03 Select the Team Wisely Responsibility with Integrity
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 10 Principles of Entrepreneurship

Effective Growth and Find the Right Opportunity

07 Marketing 09

Respect your Customers and

Know your Customers 08 10 Employees
 Kind

TRAITS OF AN
ENTREPRENEUR Competitive
According to Indeed Career Guide

Good Confident Disciplined

Leader
Open
minded
Optimistic Passionate Proactive
Entrepreneurship
The activity of setting up a business or
businesses, taking on financial risks in the
hope of profit.

The process of starting and developing a

company, with the aim of delivering something
new or improved to the market, or by
organizing the means of production in a
superior way.

The process of creating a new enterprise

and bearing any of its risks, with the view
of making the profit.
 SOCIAL ENTREPRENEURSHIP

A for-profit business The process by which

model that strives to individuals, startups
make a positive and entrepreneurs
impact on social develop and fund
issues or the solutions that directly
environment. address social issues.
 Research Write a mission
the field statement
7 Steps
to Becoming
a Successful
Social Entrepreneur Conceptualize your Reach out to team members for
unique offering feedback and support

Write an Identify initial Develop your

action plan funding sources business model
 INNOVATION
Innovation – the introduction of new method, procedure, custom,
among others.
1. New product
2. A new process of production
3. Substitution of a cheaper material in an unaltered product
4. Reorganization of production, internal function, or distribution
arrangement
5. Improvement in instruments and methods

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INNOVATION is the creation of new ideas that result in the development of new
or improved products, processes, business models, or services which are then
spread, transferred or commercialized. Innovation can be a product, a process,
or service that is new, original, or improved, which creates: Social Impact,
Economic Impact and Environmental impact.

Source: Republic Act 11293: The Philippine Innovation Act, Signed on April 17, 2019 Republic Act
11337: Innovative Start-up Act (ISA), Signed April 26, 2019

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 INVENTIONS

○ Invention – discovery or devising of new products

○ Development – Refers to the process by which the ideas and

principles generated from the stage of invention are embodied in
concrete products and techniques

○ Innovation – Actual introduction of a new product or process

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○ TYPES OF BUSINESS
FUNCTIONS

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 TYPES OF BUSINESS
FUNCTIONS
○ A business is an organization that uses economic resources or
inputs to provide goods or services to customers in exchange for
money or other goods and services. Business organizations come in
different types and forms. There are 4 Types of Business,

○ SERVICE MERCHANDISING
○ REAL ESTATE MANUFACTURING
○ FINANCIAL HYBRID
○ MINING

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 SERVICES
○ Service Business A service type of business provides intangible products (products with no
physical form). Service type firms offer professional skills, expertise, advice, and other similar
products. Examples of service businesses are: schools, repair shops, hair salons, banks,
accounting firms, and law firms

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 MERCHANDISING
○ This type of business buys products at wholesale price and sells the same at retail price. They
are known as "buy and sell" businesses. They make profit by selling the products at prices
higher than their purchase costs. A merchandising business sells a product without changing
its form. Examples are: grocery stores, convenience stores, distributors, and other resellers.

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 MANUFACTURING
○ Unlike a merchandising business, a manufacturing business buys products with the intention
of using them as materials in making a new product. Thus, there is a transformation of the
products purchased. A manufacturing business combines raw materials, labor, and factory
overhead in its production process. The manufactured goods will then be sold to customers.

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 MINING

○ the process or business of working mines and digging to obtain

minerals, metals, jewels, etc.

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 REAL ESTATE
○ Real estate is the land along with any permanent improvements attached to the land, whether
natural or man-made—including water, trees, minerals, buildings, homes, fences, and bridges.
Real estate is a form of real property. It differs from personal property, which are things not
permanently attached to the land, such as vehicles, boats, jewelry, furniture, and farm
equipment.

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 FINANCIAL
○ is a broad term that describes activities associated with banking, leverage or debt, credit,
capital markets, money, and investments. Basically, finance represents money
management and the process of acquiring needed funds. Finance also encompasses the
oversight, creation, and study of money, banking, credit, investments, assets, and liabilities
that make up financial systems.

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 HYBRID

○ Hybrid businesses are companies that may be classified in more

than one type of business. A restaurant, for example, combines
ingredients in making a fine meal (manufacturing), sells a cold
bottle of wine (merchandising), and fills customer orders (service).
Nonetheless, these companies may be classified according to their
major business interest. In that case, restaurants are more of the
service type – they provide dining services.

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○ TYPES OF BUSINESS ORGANIZATION

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 TYPES OF BUSINESS
ORGANIZATION
○ Sole Proprietorship
○ PARTNERSHIP
○ CORPORATION
○ COOPERATIVE

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 Sole Proprietorship
○ A type of business unit where one person is solely responsible for providing the capital and
bearing the risk of the enterprise, and for the management of the business.
○ A sole proprietorship is a business owned by only one person. It is easy to set-up and is the
least costly among all forms of ownership.
○ The owner faces unlimited liability; meaning, the creditors of the business may go after the
personal assets of the owner if the business cannot pay them.

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 PARTNERSHIP

○ A partnership is a business owned by two or more persons who

contribute resources into the entity. The partners divide the profits
of the business among themselves.  In general partnerships, all
partners have unlimited liability. In limited partnerships, creditors
cannot go after the personal assets of the limited partners.

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 CORPORATION
○ A corporation is a business organization that has a separate legal personality from its owners.
Ownership in a stock corporation is represented by shares of stock.  The owners
(stockholders) enjoy limited liability but have limited involvement in the company's
operations. The board of directors, an elected group from the stockholders, controls the
activities of the corporation.  In addition to those basic forms of business ownership, these
are some other types of organizations that are common today

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 COOPERATIVE

○ Cooperative Society is defined as “a society, which has its objectives

for the promotion of economic interests of its members in
accordance with cooperative principles.”
○ A cooperative is a business organization owned by a group of
individuals and is operated for their mutual benefit. The persons
making up the group are called members.
○ Cooperatives may be incorporated or unincorporated.
Some examples of cooperatives are: water and electricity (utility)
cooperatives, cooperative banking, credit unions, and housing
cooperatives.

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START UPS

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Startup Benefits​

• Full or partial subsidy for the registration and cost in the application and processing
of permits and certificates required for the business registration and operation of
an enterprise with the appropriate national and local government agency;​
• Endorsement of the host agency for the expedited or prioritized processing
of applications with other government agencies;​
• Full or partial subsidy for the use of facilities, office space, equipment, and/or
services provided by the government or private enterprises or institutions;​
• Full or partial subsidy in the use of repurposed government spaces and facilities of
the host agency as the registered business address of the startup;
Startup Benefits​
• Grants-in-aid for research, development, training, and expansion projects;​
• Endorsement of the host agency for the expedited or prioritized processing of
travel documents of startup members for the purpose of joining startup events
and competitions abroad;​
• Full or partial subsidy for fees and charges incurred in applying for travel
documents;​
• Full or partial subsidy for baggage allowance for materials, equipment, and
products required for the participation in local and international startup events;​
• Full or partial subsidy for airfare; and​Per diem allowance
PEZA Involvement ​
DOST, DTI and DICT are required to promote and facilitate the
registration of qualified startups in PEZA’s Ecozones. Investment
promotions agencies are likewise authorized to extend
applicable benefits to startups under their respective rules.​
​
Additional Funding​
The Startup Grant Fund, as part of the provisions under RA
11337, is an available additional funding through DOST, DTI and
DICT. A Startup Venture Fund, as administered by DTI and the
National Development Company, shall be used to correspond
investments from the private sector with startups. ​
​
Startup Visas​
With RA 11337, founders and employees of startups in the
Philippines are eligible for their respective Startup Visas under
the Department of Foreign Affairs, upon endorsement by DOST,
DTI or DICT. The visas are valid for 5 years and renewable or
can be extended for another 3 years.​
Inventors and Invention Incentives Act – R.A. 7459​
Inventors change lives and the world through technological
inventions. Acknowledging their talents and the reality that many Filipino
inventors lacks the financial capability to commercialize their products, RA
7459 was passed into law to give inventors incentives. ​
Cash Rewards​
Tax Incentives​
Tax Exemption ​
Inventions Development Assistance Fund (IDAF)​
Invention Guarantee Fund (IGF)​
Financial and Loan Assistance from Government Banks​
Government Agencies Assistance​
FILIPINO
SUCCESSFUL
ENTREPRENEURS

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