TECHNO 100
- Yahoo
TECHNOPRENEURSHIP – use of technology in
entrepreneurship
TECHNOLOGY
- Applied science – solve problems
- Greek word
 Techne – art, craft manage of
 Logos – thought is being expresses, an
expressions
- Knowledge of your machines, crafts
- To solve problem, improve solutions
 Problem with the use of technology
regarding hospitals/ nursing
ENTREPRENEUR – “startup” – idea
- Entre – enter; pre- before; neur- nerve center
- The key to entrepreneurship is doing that
“thing” differently which moves you up the
value chanin. (Peter Drucker)
- Innovation-improvement
- Willing to take the risk in the business endeavor
- Balance-how you think, work
Who are Entrepreneurs?
1. Bill Gates – founder of Microsoft
2. Steve Jobs – founder of Apple
3. Mark Zuckerberg – CEO of Facebook
4. Pierre Omidyar – founder of eBay
5. Tony Tan Caktiong – Jollibee Food Corp.
6. Henry Sy – ShoeMart (SM) Department
7. Cecilio M. Pedro – Lamoiyan Corp
8. Alfredo M. Yao – Zest-O Corporation
9. Mariano Que/Vivian Que Azcona – Mercury
Drug Stores
10. Corazon D. Ong – CDO Foodsphere
11. Engineer Gregorio G. Sanchez Jr. – LactoPAFI
12. Ernest L. Cu – SPI Technologies/ eTelecare
International,Inc.
13. Diosdado Banatao – Computer Chips – Mostron
and S3
The Importance of Technopreneurship
 When someone wants to improve their life they
had the choice if they really want to pursue it.
Technopreneurship examples
- Microsoft
- Facebook
- Google
- Apple
- Ebay
ENTREPRENEURSHIP
- Seek to understand how opportunities to create
something new arise and are discovered or
created by specific persons who then use
various means to exploit or develop them, thus
producing a wide range of effects
What is Nurse Entrepreneur?
- Businesses established by nurse entrepreneurs
may include developing and selling a home
health product or medical device, or offering
independent nursing devices
TECHNOPRENEUR
- a new age entrepreneur who makes use of
technology to come out with something new to
make some innovation
- a jargon that stands for the merging of
technology with the entrepreneurial skills
- technopreneur is an entrepreneur who is tech
savvy and is using technology for the purpose of
entrepreneurship
- entrepreneurial skills – art of finding an
opportunity and then pursuing …
- EXAMPLES: Microsoft, Facebook, Google, Yahoo
and Apple.
Top 10 Technopreneurs in the Philippines
1. Diosdado Banatao (Computer Chips- Mostron
and S3)
2. Nonoy & Ben Colayco (Online Gaming- Level Up)
3. Joey Gurango (Software Development-
Webworks OS)
4. Danilo Manayaga (Biotechnology- Servac
Philippines)
5. Dennis Mendiola (Wireless Technology- Chikka
Asia)
6. Manny Pangilinan (Telecommunications- First
Pacific, PLDT,)
7. Dr. William Torres (RP Internet Pioneer-
Mozcom)
8. Peter Valdes (software development- Vinta
Systems)
 9. Orlando Vea (Mobile Communications/New
Media – SMART founder, MediaQuest)
10. Jaime Augusto Zobel de Ayala II (Diversified IT
investing-iAyala)
Importance of Technopreneurship
- When someone wants to improve their life they
had the choice if they really want to pursue it
- Employment creation
- Local resources
- Decentralization and diversification of business
- Promotion of technology
- Capital formation
- Promotion of an entrepreneurial culture
Other forms of Technopreneurship
Entrepreneurship and Technopreneurship
Entrepreneurship – is having the guts to do what you
believe is right, thinking out of the box and making
business out of it.
Technopreneurship is being an entrepreneur by:
- Using existing technologies and suiting it to a
new application
- Inventing or developing a new product (axiom
technologies, mfg)
- Social entrepreneurship – use of social media
*There should be creativeness, resourcefulness,
innovation
*Both are products of …. For the benefit of the society
HIGH-TECH INDUSTRIES
- High tech is a term that is generally applied to
economic and industrial innovation is emphasized.
- Nursing today is a high-tech profession. Ex:
automatic monitoring of VS,
HIGH TECHNOLOGY IN NURSING
- Compromise – human touch
- Nakapaligid computer
Advantages of Technologies
- Facilitation of communication between
nurses, doctors, clinicians and/ or
anything that is involve in the care of
patients
- Improving medication safety
- Reduce potential medical errors
- Increasing access to medical information
- Encourage patient center care
CHARACTERISTICS AND ATTRIBUTES OF A
TECHNOPRENEUR
- Being a Technopreneur you should be – Flexible
- Change – Adjust - Shift – New
- Have to Act, Plan, Try, Review
- flexible
- visionary
- practical
- realistic
- romantic – beat the odds and succeed rewards
- loner- by nature
- leader
- greedy – for success and rewards
- discipline
- risk taker – foolish vs. calculated risk taker
- creativity – prepare-incubation-insight-
evaluation-elaboration
- resourceful
- initiative
Being a Technopreneur…
1. Have to be Visionary – work Hard; Dream big;
foresee future
- Must know how to reinvent
- Expect the unexpected
- Be the unexpected yourself
- Have to dream as big as you know
- Put those dreams into reality, make it
happen
2. Have to be Practical – know how to discover,
ideas to be put in action, know how to shape it,
make it happen, prioritize your ideas and
actions
- All is pointless if it is not executed, if you
don’t know how execute it or put it in
reality
3. Have to be Realistic – Goals, Strategies when it
comes to marketing. Your innovations and you’ll
have to know how to make your Business Plan.
4. Have to be Romantic- know how to beat the
odds and succeed reward, treat employes
 - Know to recognize to treat employees
- Have to meet with your opponents
5. Have to be a Loner- by nature,
- To be able to succeed you need to be
part of a team
- No man is an island
- The more number of productive
intelligent people the more minds/ the
more ideas being contributed the more
bright ideas the more probability of
being successful or there is a bigger
opportunity to be successful with that
6. Have to be Leader – think of profits/sales, san
pupunta sino ang bebentahan
- Mix the team
- Drive the team towards the vision
- To succeed has to listen to team
members
- You don’t know the dumb ideas of
others may be the one that will be
successful than your bright ideas
7. Have to be Greedy for success and rewards
only
- Performance oriented individual ones
results yet has to be mindful of your
contributions of that team members
- Take sacrifices to keep a winning team
or to keep your members a winning
team
8. Have to be Discipline – learn how to be
discipline that is in achieving those goals,
manage yourself
- From goals to accomplishments, you
have to have discipline
- You have to know how to discipline
yourself
- You have to manage yourself and the
team members not you alone
- The team will also lose the focus
resupinating their energy by duplicating
your task
- Squabbling and straying down blind allies
9. Have to be Risk taker – Foolish vs. Calculated
Risk Taker
- It not only involves idea also Involves
money – parang sugal
- Try new things, if not trying new things
you’re going to do an innovation of a
present thing that is already there, you
improve it. It doesn’t mean na always
bago pwede namang there is an
improvement
- Are like gamblers
- More likely to succeed if they have the
right cards and the wright moves
- Your decisions here implants your
strategies are very important here it
place a vital rule when it comes to
technopreneurship
- You’re going to pursue a business even if
you know the possibility of negative
output is high, kasi nga sumusugal ka
- Try new things without any diligent to
study about your ventures
- Calculated are those underwent
researches, the studies, possibilities
- Foolish risk can deliver a positive return
but you’re going into the situation
blindly and don’t know what is actually
waiting on the other end
- Essentially rolling the dice when it comes
to technopreneurship, most especially if
you’re having a new thing, or if you’re
going to try a new thing.
- When it comes to calculation this is done
with research chances, are the higher
possibilities of being a successful one.
Failures here may seem but a lesson is
left to think the other way around.
- Start to weigh the pros and cons
- Anticipate any mistakes, pivot it and
learn to say no
- Jump when the water feels good, trust
also your instincts, and relay on your
research
 - Always grab any opportunities that
comes your way
- Yes to calculated risk and No to foolish
risk
10. Have to be Creativity – new thinking, be
original, think of positive
Five Steps to generating Creative Ideas
1. Preparation – what are you going to
What is Job Creation?
prepare, what is that ideas that you
have prepare
2. Incubation - it is there wherein you are
going to develop, develop those ideas
that you have prepared
3. Insight – what is your vision when it
comes to those ideas you have
prepared. Your understanding when it
comes to that, your views and
perception on it.
 Eureka!
 Business idea conceived
 Problem solved
4. Evaluation – have to assess
5. Elaboration – have to expand it,
elaborate
11. Have to be Resourcefulness – cognitive factors
Job creation and job description --- How?
- hosting technologies that bring new
products or services that changes the
lives of many
12. Have to be Initiative – must have the initiative
to start without being push by anyone or by
someone
- Not because everyone is into it you
should have the drive to start it all
- No one should convince you to do it. You
have to do it voluntarily with yourself
because you have the enthusiasm to do
it
- You must have to be pro-active,
responsible, dynamic, and adaptable to
any changes that might happen in that
business that you’re going to put up
WHAT IT IS AND WHAT IT IS NOT
 Technopreneurship
- Molded by experience
- Take the risk – have to be ready, what
if’s, - have to have in mind what are you
going to do next if it will not succeed.
- Calculate risk
 Job Creation – The process by which the
number of jobs in an economy increases.
- Unemployed
- Is intended to reduce unemployment
- This is the provision of new
opportunities, especially to the
unemployed, sustain economic growth
- When it comes to technopreneurship
aside from creating a job, quite amount
of money will be circulating here
- A plane tool for duties, responsibilities,
functions, positions, salary rates and the
likes
- going to hire when it comes to job
creations
 Job Analysis
- Most especially when it comes to the
Knowledge, Skills, Abilities or Attitudes
and the Educations
- Going to gather datas about the job
interviews
- Observation on how is this job being
done, do a survey also – knowledge,
skills, attitudes, abilities, competencies,
physical characteristics/attributes of
every individual, working conditions,
credential, and experiences.
- how can we have an experience for us
fresh graduates if you will not give us the
opportunity to have the experience
Job Creation/Description… - May be needing experts when it comes
to the review to all those documents,
1. Establish the Essential Function – how is the
and you might miss some important
job to be performed. Ano ba yung mga gagawin
details that’s why you may ask and have
niya sa mga job description na crineate mo
the help of someone who can review it.
- Determine how important and the
6. Posting/advertising
negative effect of these job if it is not
done or if it is not performed very well. - Make your own Art Website
The consequences of not performing
- may use social media
his/her functions
- tv ads, radios, flyers, and newspapers –
2. Organize the Data Concisely
may be involving money
- Job title
Job Description
- Work environment
 Use an accurate job title
- Position type, no. of work hours
 Write a brief summary paragragh that provides
- Physical demands an overview of the job

 When it comes to organization of the data it  Define what success looks like in the position
varies from company-to-company depende sa after 30 days, the first quarter, and the first year
pinapasukan mo.
 Write only the job responsibilities that are
3. Add the Disclaimer necessary for this job, not every job
o “Duties, responsibilities and activities  List essential qualifications
may change or new ones may be
assigned at any time with or without  Have someone proofread it
prior notice.”  Get HR and the hiring manager to sign off on it
4. Add the signature lines  Publish it where employees can get easy access
Important part to it

- Validating the employees understood, Presentation of Job Creation

the job the functions, the duties, the Critical Thinking
benefits that she/he will be taking,
whatever disclaimer that you make, the A proposed business venture out put:
dos and don’ts, preventive measures for  What business venture in nursing is toying in
both employer and employees your mind?
5. Finalize
 What is your concept about business?
- You have to believe this work is
A. Company profile to include Mission, Vision
successful because..
B. Product description
- You have already reviewed, revisit, may C. Projected cost
add or delete some data or any D. Intended market
information there and polish it, secured E. Profitability
all the documents once it is final. This Summary
can be used for reviewing the salaries of
 You can not be thought how to become an
employees, the benefits that they will be
entrepreneur
taking
 Enjoy the challenge
  Don’t be caught up with the money - Wild and unexpected technological
 Innovation is the key, technology is the tool breakthroughs that require corporations to
 Have fun, enjoy the journey radically rethink their very existence
- Photographic industry – ex. Polaroid – digital
photography
VIDEO - Polaroid – re-designed business
TECHNOPRENEURSHIP - Dr. Wing Lam 2. Why is it important?
3. Examples
1. What is technopreneurship? - Google desktop – unsolved Microsoft
- Amazon – highly entrepreneurial - E-book
- Entrepreneurship – the practice of consistently - Movie glasses
converting good ideas into profitable commercial - GM and Segway “PUMA”
ventures-innovative ideas (Peter F. drucker – 4. Elements
innovation and entrepreneurship) - A creative and innovative act that involves the
- Teachnopreneruship – entrep + technology application of technology to transform products
- The use of technology as an integral and key or services
element in the transformation of goods and - Contextualized by a vision of the future
services (ex. Google) - Generates meaningful and beneficial business
- Transformation services – banking results
- Learning from the dot-com bubble – technology - Involves making calculated risks, upon which
is great, but if you don’t understand the business success depends
model, you will fail
- Is there a business model here? Facebook – Entrepreneurship Process

Some differences b/n Entrepreneurhip and Small 1. Ideation – where are there gaps in the
Business marketplace? How can we improve upon our
product or service? Who would benefit?
Entrepreneurial Business - search for new ideas that would be beneficial to
- High innovation the world
- High risk  Creative, inspirational process
- Fast growth  Tape player – one regular user was
- Driving vision Ibuka, the Sony’s honorary chairman
- Significant impact
2. Prototyping – can we test out the idea? Can we
Small Business create a demo?
- Low innovation - test the idea
- Low or minimal risk
- Static or slow growth 3. Buy-in – who do we need to convince? The CEO
- Little vision in the company, or venture capitalists? Yourself!
- Limited or localized impact - convince other people

4. Mobilization – Let’s now mobilize the necessary

resources to develop the idea for real
Technopreneurship in Game industry
- get together resources to develop idea for real
- High level of graphics – Xbox, PS3
- Wii – different gaming experience, innovation by 5. Development – develop the idea to a level that
Nintendo is can be offered to the market
- take the idea from the concept to market
Disruptive technologies

- The innovator’s dilemma

 6. Commercialization – turn the product/service Course Model – SEED
into a market success!
- transform idea to marketable product 1. Self-mastery – passions come from knowing
yourself
BASICS OF TECHNOPRENEURSHIP – Ma’am dela-Vega - Brings passion – EQ
- When you know yourself, you know what you
What is technopreneurship?
want and do not want
- High tech ventures in ICT, electronics, internet, - Adversity quotient – resilience (capacity to cope,
life sciences and biotech how tough are you)
- Services firm where technology is critical to their - A self-mastered person:
missions – ex. E-Bay, FEDEX, SMART money  does not need high IQ
transfer, E-learning  does need high EQ and AQ
- Technopreneurship is entrepreneurship in the  in naturally a/an:
field of technology o performer (competitive and
efficient)
What is entrepreneur/ship?
o epicure (sensual and cheery)
Entrepreneurs- they don’t copy another’s idea o boss (takes charge and loves a
good fight); whole-brained; has a
- People who enter into new and pioneering
personal vision and knows
ventures
strengths and weakness
- Whole-branded, meaning they uses both the left
o flexible
brain (logical) and right brain (creative)
 is whole-brained
Entrepreneurship – starting up a new business  has a personal vision and knows strengths and
weaknesses
What is the role of technopreneurship in job creation
and in the national economy
2. Environment mastery – about generating
1. Employment creation – more entrepreneurs, business ideas and seeking opportunities out of
more employment, more opportunities his or her environment through:
2. Local resources – helping the economy of the  serendipity walks
community and local producers, when their  crises
materials are used  trends, etc (ex: from selling rugs to
3. Decentralization and diversification of business mask and ppe- increased sewers)
– when they stay in their community, they - An environment mastered person
provide employment to the people of that  understands the industry they are in (can
community, preventing them to go to other adapt)
provinces; jobs are provided at a community  sees the opportunities, not the problems
level  on top of the situation instead of being
4. Promotion of technology – contribute to the under the situation
utilization of technology (ex. Online sellers)  is the organization/industry innovator
5. Capital formation – increase in capital and strategist
formation increases the economy (ex. Baguio –
local or chartered city – capable of sustaining 3. Enterprise mastery – how to run a business
their need financially- a lot of - Pertains to the knowledge of the different
business/entrepreneurs-contributes income enterprise discipline such as:
earning generation for our city)  Creating the business
6.  Marketing management
7. Promotion of an entrepreneurial culture – by  Operations management
projecting successful images – inspiration/role  Financial management
model to the young people  Risk management
 - An enterprise-mastered person: - A technology idea owner who ventures to make
 Understands and integrates the his idea a commercial reality
functions of management (marketing, - An entrepreneur who gets technology idea, finds
human resource, operations, and an opportunity to make it a commercial reality
finance)
SOME TECHNOLOGY VENTURES
 Understands and integrates the process
of management (planning, organizing, LOCAL
directing, and controlling)
1. SMART LINK – (computer shop) dealing with
 Leads and inspires rather than manage
computer hardware and software, repairs,
4 TYPES OF ENTREPRENEURSHIP networkkng and computer and LCD rentals
(OCW)
1. Incremental
2. LANE SYSTEM – software integration developer
 Routine business, modest novelty – (ex:
new coffee shop, new BPO) NATIONAL
2. Imitative
1. NETOPIA – internet café
 Imitation of venture, same business
2. YEHEY.COM – internet portal
model and template
 Ex: new regional branch, franchised INTERNATIONAL
operations
1. YOUTUBE – a video sharing website
3. Rent-seeking
 Business that utilizes standards, SOME BASIC FACTS
regulations and laws to share in vale of
enterprise  Business starts from ideas, but ideas alone do
 Ex: Coca Cola Export not make a business
4. Innovative  Customers do not buy ideas, they buy
 Business based on innovation products/services
 Ex: new memory chip  Customers pay the price; value is what they get
 A marketable product may not result in a viable
CHARACTERISTICS OF AN ENTREPRENEUR business
1. Hardworking  A studied approach to planning the business is
2. Self-confident needed
3. Builds for the future  Entrepreneurship is calculated risk-taking, not
4. Profit oriented foolhardiness
5. Goal oriented DEVELOPMENT OF BUSINESS PLAN
6. Persistent
7. Copes with failure - Writing the business plan
8. Responds to feedback - Presenting and defending the business plan
9. Demonstrates Initiative - Adding refinements to the presented plan
10. Willing to listen
11. Sets own standards
12. Copes with uncertainty Module 2 - Technopreneurship Ecosystem
13. Committed
Introduction
14. Builds on strengths
15. Reliable and has integrity • Many of the tasks, if not all, have pre-requisites (i.e.
16. Risk taker money, materials, personnel, etc)

What is the difference b/n an entrepreneur and a • Similarly, for technopreneurial venture to start, grow
salaried employee? and succeed, it must also have the required resources,
environment and support.
What makes an entrepreneur a Technopreneur
What are these things?
Successful Technopreneurship = H E L F
Technopreneurship ecosystem
Human Resources
Environment
Laws & Policies
Financial Resources
 Techno Ventures
Human Resources Component
• Research - Thinker, Idea generator, Innovator
• Developer - Implementor, technical people
• Scanner and marketing people
• Financers
Environment Component
• Science parks, Incubation centers
• Academic Institutions, R & D Centers
• Internet access, Communication
• Communication and Other Support Services
• Geographic accessibility
• Venture Mentoring Services/Support
Laws and Policies
• Intellectual Property Rights Office
• Technology Licensing Office - facilitates
commercialization of inventions
• Legal Services
Financial Component
• VC and Investors
• Business Sector
• Funding Agencies
• Financial Services (i.e. Accounting)
 Technology Venture
Academe and Research Institutions
1. Ateneo de Davao University
2. Brokenshire College
3. Cor Jesu College
4. Davao Doctors College
5. Holy Child School of Davao
6. Jose Maria College
7. St. Mary's College
8. Interface Computer College
9. University of Immaculate Concepcion
10. University of Mindanao
11. University of the Philippines Mindanao
12. University of Southeastern Philippines
Environment
 Department of Science and Technology
 Commission on Higher Education
 PESO
 Davao City Chambers of Commerce and
 Industry
 Science and Technology Park, Bago
 Oshiro, Tugbok, Davao City
 Brokenshire Learning Center
Why Technopreneurship?
Philippine Economy
•Population 84 M
•Population of working age?
- Approx 50% of popn = 16 years old and below
•Employment
•GNP from large companies > 100 employees
•GNP from small companies, < 100
•Number of large companies 5%?
•95% are small companies?
How?
Start the ball rolling -Entrepreneurs should have experience in the same
industry or a similar one. Cannot go on OJT at the same
•Innovation
time.
-Person gets an idea, active search, by chance, present
-Ideal entrepreneur is one who has been a successful
employment or experience
entrepreneur in the same industry
•Triggering Event
-Have management experience, preferably with
- Career prospects responsibility for budgets, profit and loss, sales.

- Deliberate choice 3. Resources

•Implementation • Entrepreneural frugality means:

•Growth -Low overhead

Common components -High productivity

•Three crucial components for business: -Minimal ownership of capital assets

- Excellent market opportunity Sources of seed capital

- Superb entrepreneur (and management team) Personal savings - 78.5%

-Resources needed to start the company and make it Bank loans - 14.4
grow
Family - 12.9
1. Excellent market opportunity
Employees/partners - 12.4
Customer Need
Friends - 9
- "Can you give me the names of prospective
Venture Capital - 6.3
customers?"
Mortgaged property - 4.0
- If you cannot give any names, you only have an idea,
not a market. Gov't guaranteed loan - 1.1

- Would-be entrepreneurs who are unable to name Other - 3.3

customers are not ready to start a business. They have
only found an idea and have not yet identified a market
need.
Timing
-Will the idea or window of opportunity look brief, it
could just be a fad?
-If the window is brief, the entrepreneur will rush to
open the business, usually with inadequate planning.
The 9 F’s
• Founders - first class entrepreneur
• Focused - focus on niche markets, specialize
•Fast - decision making, implementation
• Flexible - open mind, respond to change
• Forever innovating

-Can lead to costly mistakes. •Flat - organizations

2. The Technopreneur and the Management Team • Frugal - low overhead, productivity high

• Even with the right opportunity, the business will be • Friendly - to their customers, suppliers,
successful if led by a person with strong entrepreneurial workers
and management skills.
• Fun - to be associated with an entrepreneur
company

ENTREPRENEUR OR TECHNOPRENEUR

1. People who choose to run their own business

rather than work as employees. -
ENTREPRENEUR
2. Creates a business from scratch, with all the
risks and rewards it implies. - ENTREPRENEUR
3. Makes use of technology to come out with
something new to make some innovation. -
TECHNOPRENEUR
4. Identifies an opportunity, converts it into a
product or service. - ENTREPRENEUR
5. Once the person succeeds in it, s/he exploits
his/her achievement in the market to make
money. - TECHNOPRENEUR
6. Starts out with nothing but an "idea'. -
TECHNOPRENEUR
7. Person who identifies an opportunity. -
ENTREPRENEUR
8. Estimates earnings and profit and builds a
successful business with it. - ENTREPRENEUR
9. One who is willing to take risk in any business
endeavor. - ENTREPRENEUR
10. Come out with something new to make some
innovation. - TECHNOPRENEUR