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| Technopreneurship Ecosystem |
Succesful technopreneurship = H-E-L-P. Techno Ventures has HUMAN RESOURCES, ENVIRONMENT LAWS & POLICIES and FINANCIAL RESOURCES.Human resources components are: Research who is the thinker, idea generator and innovator. Developer who is the implementor, technical people. Scanner and marketing people and Financer. Environment component are: Science parks and incubation centers, Academic Institutions and R & D centers, Internet access and Communication, Communication and other Support Services, Geographic accessibility and Venture Mentoring Services/Support. Incubation is the programmes provide incubation services to assist technology start-ups in their vulnerable stages, enabling them to grow and flourish. It supports office space and facilities, technical and management assistance, promotion and development assistance, business support and financial aid package. Laws and Policies, it is the Intellectual Property Rights Office, Technology Licensing Office – facilities commercialization of Inventions and Legal Services. Financial Component is the investor, Business Sector, Funding Agencies and Financial Services (i.e. Accounting).
To start the ball rolling there should have Innovationwho person gets an idea, active search, by chance, present employment or experience. Triggering Event - career prospects and deliberate choice. Implementation and last Growth. There are also three (3) vital common components for business: 1. excellent market opportunity – customer Need and timing, 2. superb entrepreneur (and management team) – with the right opportunity, the business will be successful if led by a person with strong entrepreneurial and management skills, and 3. resources needed to start the company and make it grow.
Seed money is sometimes known as seed funding. It is a form of securities offering in which an investor purchases part of a business. The term seed suggests 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. Seed money options include friends and family funding, angel funding and – recently – crowd funding.
Tapping Family and Friends is tapping personal ties to raise cash for a company that’s either too new or too small to get financing elsewhere is an age-old formula that still makes sense. Blood money is hitting up family and friends are the most common way to finance a start-up. It’s also the riskiest. Borrowing it is avoiding problems with family and friends, wen entrepreneurs borrow start-up capital from family member or friends, it’s best to prepare for the worst – before it happens. Borrowing money for your business whether you borrow money from a bank or someone you know, you should sign a promissory note – a legally binding contract in which you promise to repay the money. Steps to borrowing from family or friends are keeping the relationship professional is the key to successful borrowing from close acquaintances. Try bank borrowing bank financing isn’t impossible.Look into government programs – some entrepreneurs say government programs are easy to secure financing form; others say steer clear of them. Regardless of the opinions, if you’re serious about your capital search, you shouldn’t overlook government programs. Find an angel – angel investor will not only share their money; they’re also great sources of knowledge for fledgling businesses. Get creative – banks and investors aren’t the only ways to fund a business. Check out these unconventional resources that some business owners have used. Use credit cards – plastic can jump-start any business, but use it wisely.
The nine (9) F’s are: 1.) Founders- first class entrepreneurs. 2.) Focused- focus on niche markets, specialize. 3.) Fast - decision making and implementation. 4.) Flexible - open minded and can respond to change. 5.) Forever innovating. 6.) flat – organizations. 7.) Frugal – low overhead, productivity high. 8.) Friendly – to their customers, suppliers and workers. 9.) Fun – to be associated with an entrepreneur company.
What is Intellectual Property (IP)?
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| Intellectual Property |
This refers to creations of the mind: inventions, literacy and artistic works, and symbols, names, images, and designs used in commerce. IP is divided into categories: industrial property, which includes inventions (patents), trademarks, industrial designs, and geographic indications of source and last is copyright, which includes literary and artistic works such as drawings, paintings, photographs and sculptures, and architectural designs. Intellectual Property Rights (IPR)– intellectual property rights 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. Intellectual property code of the Philippines, Republic act No. 8293 on June 6, 1997, this is an act prescribing the intellectual property code and establishing the intellectual property office, providing for its powers and functions, and for other purposes.
A patent grants an inventor exclusive rights to make, use, sell, and import an invention for a limited period of time, in exchange for the public disclosure of the invention. An invention is a solution to a specific technological problem, which may be a product or a process. It is issued by the government through the intellectual property office of the Philippines (IP Philippines). Exclusive right granted for a product, process or an improvement of a product or process which is new, inventive and useful. This exclusive right gives the inventor the right to exclude others from making, using, or selling the product of his invention during the life of the patent. A patent has a term of protection of twenty (20) 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 and can be utilized as basis for future research and will in turn promote innovation and development. The official Gazette is the public journal and main publication of the government of the Philippines. http://www.gov.ph/ . A patentable invention has a technical solution to a problem, in any field of human activity, it must be NEW, it must involve an INVENTIVE STEP, and it must be INDUSTRIALLY APPLICABLE. A useful machine for statutory classes of invention is the following: a product or composition, a method or process, an improvement of any of the previous invention, microorganism, and non-biological microbiological process. Discovery of non-patentable inventions are scientific theory, mathematical methods, scheme, rule and method of performing mental act, playing games, doing business, program for computer, method of treatment for human or animal body by surgery or therapy & diagnostic method, plant variety or animal breed or essentially biological processes for the production of plants and animals, artistic creation and contrary to public order or morality. Requirements for patentability are novelty – originality, inventive step – creativity and industrial applicability – manufacturing and developed. An inventive involves an inventive step, if having regard to prior art, it is not obvious to a person skilled in the art of obviousness which not beyond normal progress of technology and skilled person which ordinary practitioner who is aware of common general knowledge in specific art. Natural person and juridical person or body of persons, a corporation, a partnership or other legal entity recognized by law may apply for a patent. Contents of the specification are the following: 1. Title of the invention. 2. Abstract of the disclosure. 3. Background of the invention. 4. Summary of the invention. 5. Brief description of the drawings. 6. Detailed description and 7. Claims. Applicant or inventor can prepare the patent application.
What is a trademark? Why is it important?
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| Trademarks |
Trademark is a tool 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. Generally, a 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 on patronizing the products and services. Utilized properly, a trademark can become the most valuable business asset of an enterprise. In addition to making goods and services distinctive, the owner of a mark may earn revenues from the use of the mark by licensing its use by another or through franchising agreements. Service mark is same as trademark, but for a service. Trademark can be protected through registration. Registration gives the trademark owner the exclusive right to use the mark and to prevent others from using the same or similar marks on identical or related goods and services. The right to a trademark is granted to the one who first files a trademark application with the IP Philippines. Before applying for trademark registration, it would help if you conduct a search in the trademark database to determine if there are identical or similar marks that would prevent the registration of your mark. This is to prevent future conflicts with marks that are already registered or with earlier filing dates. The trademark protection granted by IP Philippines protects your mark only in the Philippines. If you want you mark protected outside the country, you will need to file applications in the countries where you want your market registered. Your mark should be able to distinguish your goods and services from those of others. Your mark should also meet the requirements for registrability of marks under Sec. 123.1 of the intellectual property codes. You mark will not be registered if it is descriptive, misleading, generic and customary to trade, consists of names, portraits or persons, maps, flags and other political symbols, shape and color, marks that may cause confusion and identical with, or confusingly similar to Well – known marks. The requirements to apply for registration are 1. A duly filled out trademark application form [you can access link from site]. 2. Drawing of the mark. 3. Payment of fees. Trademark Infringement is a mark that is likely to cause confusion with a trademark already existing in the marketplace. Trademark Counterfeiting is the deliberate copying of a mark. Trademark Dilution is the value of the mark is substantially reduced through competition or through the likelihood of confusion from another mark.
What is copyright?
It is the protection for authors of original works whether published or unpublished. It covers original works of authors, composers, screenwriters, and computer programmer. Owner has the sole right to print, reprint, sell & distribute, revise, record and perform the work. “Original work” refers to every production in the literary, scientific and artistic domain. Among the literary and artistic works enumerated in the IP code includes books and other writings, musical works, films, paintings and other works and computer programs. Works are protected by the sole fact of their creation, irrespective of their mode of form of expression, as well as their content, quality and purpose. Thus, it does not matter if, in the eyes of some critics, a certain work has a little artistic value. So long as it has been independently created and has a minimum of creativity, the same enjoys copyright protection.
