College of Engineering

Name of Student:________________________ Year/Section : BSME 2

Subject: Technopreneurship 101 Teacher: ______________

MODULE No. #1 , Prelims

TITLE: The Entrepreneurial Way - Introduction to Technoprenuership
OVERVIEW The modules deals with introduction and background of
technopreneurship.
INTRODUCTION Technopreneurship is the process organizational creativity it is also a
process of main streaming innovation to continually find solution to
important corporate problems and implementing the solutions to, in turn
satisfying the economy or target.
LEARNING The course should enable the students to:
OUTCOMES
1. Understand and experience the entrepreneurial process from the
generation of creative ideas.
2. Understand the market needs or provide a solution to a key problem.
3. Explore the feasibility and creation of a business enterprise
4. Implementation of creative ideas into real products and
5. Experience the dynamics of participating on a business team, create and
presents a business for a technology idea.
LEARNING 1. To understand and experience the entrepreneurial process from the
OBJECTIVES generation of creative ideas.
2. To understand the market needs or provide a solution to a key problem.
3. To explore the feasibility and creation of a business enterprise
4. To implement creative ideas into real products and
5. To experience the dynamics of participating on a business team, create
and presents a business for a technology idea.
The Entrepreneurial Way - Introduction to Technoprenuership

“The entrepreneurial mystique? It’s not magic,

it’s not mysterious and it has nothing to do with
the genes. It is a discipline. And like any
discipline, it can be learned.”

…Peter Drucker

Definition of Technopreneurship

1. Technopreneurship is innovative application of technical science and knowledge

individually or by a group of persons, who create and manage a business and take it financial risk in
order to achieve their goals and perspectives.

2. It is a process of merging technology prowess and entrepreneurial talent and skills.

3. Is a view of technology, innovations a entrepreneurship

Entrepreneurship and Technopreneurship Explained

Technopreneur - is the person who destroys the existing economic order by introducing,
new products and services, by creating new forms of organizations and by exploiting new raw
materials.

- It is someone who perceives an opportunity and creates an

organization to pursue it. A person who undertakes risks that has the chance of profit.

- Technopreneurs distinguishes themselves through their ability to

accumulate and manage knowledge, as well as their ability to mobilized resources to achieve a
specified business or social goal.

Entrepreneurship - is a way of thinking and acting that is opportunity obsessed,

holistic approach and leadership balanced for the purpose of wealth creation. Searches for change ,
responds to it, and exploits it as an opportunity.
- Innovation is the specific tool of entrepreneurs, the means by
which they exploits change as an opportunity for a different business or a different service.
Entrepreneurship pursuit of opportunity without regard to the resources currently under one’s
control.
Entrepreneurship and Technopreneurship Compared
 (Arthur D. Levinson
Bill Gates (Chairman) Tim Cook
(CEO) Jeff Williams
(COO)

ULTRA TECHNOPRENEURS IN THE WORLD

18 World-Class Filipino Technopreneurs this Days

1. Diosdado “Dado” Banatao, Monstron –

- invented the two of the foundation technologies in every Personal Computer (PC) until
today
2. Joey Gurango
- He is currently the CEO of Gurango Software, global provider of Human Capital
Management solutions.

3. Orlando Vea

- rlando B. Vea was appointed Chief Wireless Advisor of SMART.

4. Winston Damarillo

- Winston Damarillo is the chief executive officer and co-founder of Morphlabs

5. Joey Concepcion

- Recently, President Rodrigo Roa Duterte appointed Joe as Presidential Consultant for
Entrepreneurship.

6. Leandro Leviste

- Leandro was only 23-years-old when he founded Solar Philippines. The company provides
solar power in Leviste’s place.
7. Rachel De Villa

- She was chosen for her pioneering work on agritech startup Cropital, which she founded
and serves as chief

8. Raymond Racaza

- r. Raymond Gerard S. Racaza has been the Chief Operating Officer and Treasurer of
Xurpas Inc.

9. Diane Eustaquio

- Diane is the Executive Director of IdeaSpace.

10. Leo Lope Lofranco, Muber

- founder in building the start-up company Muber

11. Ralph Santos, founder, president and CEO of VMoney Inc.

- create the platform VMoney.

12. Paul Rivera of Kalibrr

- Kalibrr is the first Philippine company to get into Y Combinator, the most prestigious
technology incubator in the world.

13. Patch Dulay of The Spark Project

- The Spark Project

14. Nick Galan, co-founder and CEO of Satoshi Citadel Industries

-the company’s other ventures are no less innovative or bold – Bitstars, for example, is a
selfie-posting site that offers a daily prize in Bitcoin.

15. RJ David, Sulit.com to OLX.ph

- OLX

16. Gian Scottie Javelona of Orangeapps.ph

- the orange apps inc.

17. Marx Melencio of Grayscale Business Consultancy & Marketing ServicesGrayscale founder
Marx

- grayscale

18. Bernie Abis Webcast Technologies, Inc.

- WTI

THE BIRTH OF TECHNOPRENEURSHIP

“ TECHNOLOGY - the application of scientific knowledge for practical purposes, especially in

industry.”
Examples of Technopreneurship

1. Apple iPod (why)

- it has a number of innovations
- the most significant of which is 160Gb 1.8 inch hard disk drive ( smaller than average
harddisk 3.5 inch a 40Gb capacity )
- Many people, even techies was fascinate by this and wonder how Apple able to do that

2. Facebook
3. Ebay
4. Google
5. UPS, (logistics tracking) and many more

What is Intrapreneur?
Example of Intrapreneur

1. Sony PlayStation

Intrapreneur:
Ken Kutaragi
Company: Sony Computer Entertainment Inc. Year Launched: 1994

•Ken Kutaragi was working in Sony’s sound labs when he bought his daughter a
Nintendo game console
•Watching her play, he was dismayed by the system’s primitive sound effects.
•He realized that a digital chip dedicated solely to sound would improve the quality
of the games-and the product itself
•Keeping his job at Sony, Kutaragi developed the SPC7000 for the next generation
of Nintendo machines.
•Sony execs nearly fired him after discovering his sideline project, but then-CEO
Norio Ohga realized the value of his innovation and encouraged Kutaragi’s efforts
•With Sony’s blessing, Kutaragi worked with Nintendo to develop a CD-ROM-based
Nintendo
•Kutaragi helped Sony develop its own gaming system, which became the
PlayStation.
•He first PlayStation made Sony a major player in the games market, but the
PlayStation 2 did even better, becoming the best-selling game console of all time.
Entrepreneurial VS Technopreneurial Process
Entrepreneurship VS Technopreneurship Similarities and Differences
Competition and Progress in the Technopreneurs’ World

Competition is the process of trying to do better than others. In the world today, people and
organizations face a common global problem which is the need to improve in performance so as to
adapt to the fast paced global changes. People and organization who deliberately innovate, or make
continuous changes in their products and processes, has a huge gap in the world of information and
communication technology. The basic key to maintaining competitiveness lies in the ability to
change and improve what we do and how we do it. According to Paul Mott-University of
Pennsylvania, in the world of competition, an effective organization, institutions etc. displays three
characteristic simultaneously(Molt, 1972).

These are:

a. Efficiency: This is the optimal use of services to create a well structural, stable, routine
in product in high quantities, quality and at low cost. In this world of advance technology,
efficiency alone is not enough to meet the global market(Molt, 1972).

b. Adaptability: Adaptability means mastering; Innovation is the key to Adaptability. It

requires looking for new technologies, ideas and methods that may improve or completely change a
process routine to match the demands of the technological world. Adaptability also involves
processes based on knowledge acquired from an earlier work done. Adaptability helps you not just
to reproduce but to improve on an existing model so as to meet the demand of clients. This means
that as technopreneurs, we must not just study the technology of product and services but we must
study the market so as to adapt the innovation to meet the market demand. In other words we must
main stream innovation (Molt,1972).

c. Flexibility: This is the ability of an organization to react to unexpected emergencies

quickly while still maintaining it’s routine. It’s no longer enough to rely solely on flexibility in
order to cope with change, anticipating a change by “leapfrogging” bringing to the market goods
and services that meet the needs of the consumer to them even before the consumer envisage the
change.

Challenges to Technopreneur

In the new age of IT, great exploits in innovations research and development hasn’t been
without its negatives and disadvantage. These hindering factors include: government policy, human
capacity development, lack of facilities, and lack of standard for confirmation, capital, market and
energy. Research innovation is generally not appreciated, so less investment would lead to less
development breakthrough in products. Instead of being trend setters, they choose the easier option
which is to follow trends.

Role of Government

Government roles in supporting technopreneurship comes in various forms directly and

indirectly, indirectly by enacting favorable regulation and public policies for creating conducive
economic system fo technopreneurship to grow and directly by providing risk capital. Venkataram
an(2004) clearly believed that some kind of intervention was necessary for encouraging
technopreneurship.
 However, if government attempted to provide the intangible infrastructure, an entitlement
mentality would emerge. On the other hand, markets or private institutions have not always solved
problems effectively and efficiently. Both independent on each other would crash. The governments
basically promote technopreneurship by injecting risk capital; this alone does not provide
encouraging results. It should be noted that massive interventions may increase
dependency of technopreneurship to government aids, which cannot be sustainable in the long term.
Government intervention should be comprehensively analyzed and carefully designed to
focus on developing technologies that are relevant to the needs of potential users, technically
reliable, and economically competitive. Availability of desirable technologies is a pre-requisite for
technopreneurship to be viable. It will be extremely challenging to encourage technopreneurship if
business enterprises are not interested in indigenous technology developed domestically. Growth
and transformation spinoff firms will also be very difficult, no matter what or how much incentives
provided by government.

Conclusion

Technopreneurship is the process organizational creativity it is also a process of main

streaming innovation to continually find solution to important corporate problems and
implementing the solutions to, in turn satisfying the economy or target. It also lays emphasis on
integrating technology with entrepreneurship.
Technopreneurs are entrepreneurs who are into the intimate business of technology based
industries. They make use of technology to come up with innovative products through
commercialization. Aspiring technopreneurs must be adequately equipped with both technical and
business skills.
Technopreneurs continually go through the process of constant improvement and always try
to redefine our dynamic digital economy. We need to encourage entrepreneurial views and skills at
all levels of the society.