Technopreneurship and Intellectual Property Rights

       Technopreneurship Ecosystem

                This blog discuss about Technopreneurship and different Intellectual Property Rights that given to a person’s invention, artistic works, writing, logos, tags, and many more. This blog also help you to learn how to be an effective and successful Technopreneur.

         

              The Technopreneur Ecosystem Structure:

This ecosystem structure includes different components, these components as follows:

The Human Resource Components:

1.    Researcher = thinker, idea generator and innovator

2.    Developer = implementator and technical people

3.    Scanner and Marketing people, and

4.    Financer

Environment Components:

1.    Science Parks, Incubation Centers

2.    Academic Institutions, R & D Centers

3.    Internet Access, Communication and other support services, and

4.    Geographic Accessibility

Laws and Policies Components:

1.    Intellectual Property Rights

2.    Technology Licensing Office, and

3.    Legal Services

Financial Resources Components:

1.    Investor

2.    Business Sector

3.    Funding Agencies, and

4.    Financial Servicies

We had also learned the Three Vital Components for business: These are Excellent Market Opportunity, Superb Entrepreneur, and Resources needed to start the business and make it grow.

     Excellent Market opportunity means you should know who are your customers and the right timing and correct planning in opening a business.

     Superb Entrepreneur means that one should have experience in the same industry or similar one or cannot go on OJT at the same time. Also, and Ideal Entrepreneur is one who has been successful entrepreneur in the same industry and have management experience, preferably with responsibility  for budgets, profit and loss, sales.

     Resources means that the entrepreneur should be frugal it means that low overhead, high productivity, and minimal ownership of capital assets.

We had also discussed about SEED Money sometimes known as SEED Funding. It is a form of securities offering in which an investor purchases part of a business. The term seed suggest that this is an early investment, meant to support the business until it can generate cash of its own, or until it is ready for further investments.

The 9 F’s:

1.    Founders – first class entrepreneur

2.    Focused – focus on niche markets, specialize

3.    Fast – decision making, implementation

4.    Flexible – open mind, respond to change

5.    Forever – innovator

6.    Flat – organizations

7.    Frugal – low overhead, productivity high

8.    Friendly – to their customers, suppliers, workers

9.    Fun – to be associated with an entrepreneur  company

On our discussion our instructor also discuss some of the foreign and local Technopreneur that has been successful.

Foreign  Technopreneur

Bill Gates (Microsoft)

Steve Jobs (Apple)

Sergy Brin (Google)

Larry Page (Google)

Michael Dell (Dell Corporation)

Filipino Technopreneur

Dado Banatao ( ICT Hero)

Winston Damarillo ( Developed Gluecode)

Intellectual Property (IP) is refers to the creations of the mind such as inventions, literary  and artistic works, and symbols, names, images, and designs used in commerce. Also IP is a legal concept which refers to creations of the mind for which exclusive rights are recognized.  Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property rights include copyright, trademarks, patents, industrial design rights, trade dress, and in some jurisdictions trade secrets.

Intellectual Property is divided into categories:

1. Patent

2. Trademark

3. Copyright

Intellectual Property Rights (IPR) are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.

Patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.  In order to be patentable, the invention must fulfill certain conditions. A patent has a term of protection of twenty years providing an inventor significant commercial gain. In return, the patent owner must share the full description of the invention. This information is made available to the public in the form of the Intellectual Property Official Gazette nad can be utilized as basis for future research and will in turn promote innovation and development.

Official Gazette is the public journal and main publication of the government of the Republic of the Philippines.

Invention is a solution to a specific technological problem, which may be a product or a process.

Inventive Step is an invention involves an inventive step, if having regard to prior art, it is not obvious to a person skilled in the art.

Trademark is a toll used that differentiates goods and services from each other. A trademark can be one word, a group of words, sign, symbol, logo, or a combination of any of these. Trademark is a very effective tool that makes the public remember the quality of goods and services. Once a trademark becomes known, the public will keep patronizing the products and services.

Copyright is the right that creators have to stop others from copying their creative works without their permission. Also, Copyright is a legal concept, enacted by most governments, giving the creator of an original work exclusive rights to it, usually for a limited time. Generally, it is "the right to copy", but also gives the copyright holder the right to be credited for the work, to determine who may adapt the work to other forms, who may perform the work, who may financially benefit from it, and other related rights. It is a form of intellectual property (like the patent, the trademark, and the trade secret) applicable to any expressible form of an idea or information that is substantive and discrete.

How does it work?

Copyright protects the work of creators, such as artists, writers, musicians, and filmmakers.

Works are protected as soon as they are created, as long as they have been written down, filmed or recorded.

Copyright is automatic. You don’t have to put a copyright notice on works, but it is a good idea.

You will often see works with the copyright symbol (©) and the copyright owner’s name on them.

Copyright ownership is different to physical ownership of something. For example, if you buy a DVD of a film, you own the DVD, but you don’t own the right to copy it. The film producer owns copyright in it and you need to have their permission if you want to copy it.

Why is copyright important?

Copyright is important because it gives creators control over their creative works. This means they can decide who uses their work, how it can be used and if they will charge a fee to other people who want to use it. This gives creators the ability to earn a living from their works.

     Thank you for reading my blog :)...

TECHNOPRENEURSHIP

      

       Welcome to my Blog, it talks about Technopreneurship but first I will discuss how tecnopreneurship takes place.

Entrepreneurship

Entrepreneur is a people who enter into new and  pioneering ventures was involves having the guts to do what you believe is right, thinking out of the box and making business out of it.

Technology + Entrepreneurship = Techonopreneurship

Technopreneurship

-    A technopreneur is an entrepreneur who is technology savvy, creative, innovative, dynamic, dares to be different and take the unexplored path, and very passionate about their work. They take challenges and strive to lead their life with greater success. They don't fear to fail. They take failure as a learning experience, a stimulator to look things differently and stride for next challenge. Technopreneurs continuously go through an organic process of continual improvement and always try to redefine the dynamic digital economy

-    Is the use of technology as an integral andkey element in the transformation of goods and services?

-    Is an entrepreneur in the field of technology? Technopreneurship is being an entrepreneur by using existing technologies and suiting it to a new application, inventing or developing a new product.

Wrong Concepts about Effective and Successful Technopreneurship

v  Are all gifted

v  I am Superman

v  I take Risk

v  My Precious

v  It’s all about me

It should be:

ü  Molded by Experience

ü  We are the Justice League

ü  I take calculated Risk

ü  Our Precious

According to Steve Jobs during the World Wide Developers Conference on May 1997 that “You’ve got to start with the customer experience and work back toward the technology – not the way around.”

Most Successful and Effective Technopreneurs

      Are not born, but made.

      Is most often not a one man team. He works with a team

      Is trained by a mentor

      Is a calculated Risk Taker

      Shares the burden of responsibility to other team members

      Understand the needs of the customers

      Has a business model in mind

      Understand the value of resources and where to find them

      Does not aim to stand out but to address a solution for a common good.

Moving further when talking about Technopreneurship, for some people, it is not a product but a process of synthesis in engineering the future of a person, an organization, a nation and the world but according to our lessons,Technopreneurship is entrepreneurship in the field of technology. This means that the people that are in technopreneurship use existing technologies or invent and develop a new product. Examples of these are High tech ventures in ICT, electronics, internet, life sciences and biotech. This are innovations that are not confined to tangible products but also include services and processes like that of banks, airlines, shipping lines, telecommunications, hospitals, agencies and other establishments. 

Importance of Tecnopreneurship

Ø Employment Creation - entrepreneurs create employment for themselves and other people. They are employers, and hence assist in solving the unemployment problem in the country. For me, when someone starts a new venture, there are opportunities that are opened not just for the entrepreneur but also to other people who looks for a job. 

Ø  Local Resources - used by entrepreneurs causes increase in value of these resources. I see an example of these local resources, just like that of raw materials or ingredients in a certain product. 

Ø  Decentralization and diversification of business - is defined in its importance as Entrepreneurs are able to identify business opportunities and locate these businesses in suitable areas, including rural areas. Thus, in my own opinion, if entrepreneurs or technopreneurs will locate a certain business with a right product in a suitable area, then, the business can really help in meeting the needs of the residents there. 

Ø  Promotion of Technology - is being creative then using of technology is being utilized and because of the growing needs of the business, technology needs to be developed leading to new inventions and innovations. 

Ø  Capital formation - increases capital formation and investment. Thus, for me, when one increases income and can gain for a new investment, then, the business will grow and grow and will benefit the owner and its workers in a business. 

Ø  Promotion of an entrepreneurial  culture - it is by projecting successful images.

        

              In our class our instructor discuss a course model called SEED means S – Self Mastery, E – Environment Mastery, E – Enterprise Mastery and D – Development of Business Plan.

          We had learned that one can develop self – mastery first is to know yourself, because self – mastery brings passion. When you know yourself, you know what you want  and do not want. Also, a self – mastered person does not need high IQ, does need  high EQ and AQ. A self – mastered person is a performer, epicure and boss. Environment Mastery is about generating business ideas and seeking opportunities out from  his or her environment through, serendipity walks, crisis, trends and others. Also a self – mastered person understand the industry he / she is in, sees the opportunities, not the problems, is on top of the situation instead of being under the situation, is the organization/industry innovator and strategist. Enterprise Mastery is know how to run a business it pertains to the knowledge of the different  enterprise disciplines such as , Creating business, Marketing Management, Operations Management, Financial Management, Risk Management an enterprise mastered person  can understand and integrates the functions of management(planning, organizing, directing,  and controlling). He / She also lead and inspire rather than manage. We learned also the steps how  to develop a business plan first, writing the business plan, presenting and defending the business plan, lastly adding refinements to the presented business plan.

          We had also learned how an Entrepreneur makes a Technopreneur. First is A technology idea owner who ventures to make his idea a commercial reality, An Entrepreneur who gets a technology idea, find an opportunity to make commercial reality.

          In my own conclusion to be an pioneering in a field of technology one should be think out of the box, one should think about innovations because Logic answer why and creativity answers why not. Thank you for reading my short blog about technopreneurship I hope you learned from me.