Technopreneurship lesson 5 and 6

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44 Terms

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High-tech industry

characterized by an extremely complex supply chain, relying on multiple external partners like design consultancies and Electronics Manufacturing Services (EMS)

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EMS

Electronics Manufacturing Services

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Entrepreneurs

play a central role in societal and economic progress by creating innovative and technology-driven businesses

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Success

begins with identifying and communicating a strong business opportunity, building a sustainable business model, and crafting a competitive innovation strategy

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250

A study of ___ Northern California tech companies (1960s–1988) found

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50%

failed

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32%

were acquired/merged

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18%

survived independently

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poor market-product fit, undercapitalization, managerial issues

common failure factors

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success indicator

78% of surviving companies had original founders still involved.

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know yourself, love your product, honor your customer, treat your people well, keep your integrity

five lessons from long-term survivors

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technopreneur

uses technology to create new solutions that challenge traditional method

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Artificial intelligence & Machine learning(AI/ML), Augmented & Virtual Reality (AR/VR), Blockchain and Decentralized Systems, Internet of Things (IoT), 3D and Additive Manufacturing

examples of game-changing technologies driving modern technopreneurship

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willingness to take action, knowledge, creativity, skills, intelligence, patience, persistence, teamwork, calculated risk-taking, self-confidence, experience, talent, honesty, connections, luck

Key success factors

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Willingness to take action

the most critical factor

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Knowledge

domain-specific and business-related

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Creativity

fuels innovation and uniqueness

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Skills

practical application of knowledge

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Intelligence

for decision-making and problem-solving

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Patience

enduring long business journeys

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Persistence

refusing to give up despite setbacks

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Teamwork

success requires collaborative effort

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Calculated risk-taking

managing uncertainly wisely

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Self-confidence

belief in oneself and the venture

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Experience

past learning applied to new challenges

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Talent

though useful, it can be developed or substituted with effort

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Honesty

builds credibility, though can be challenging in complex situations

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Connections

networks offer access to resources and opportunities

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Luck

occasionally plays a role but not a dependable factor

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Technopreneurship

a modern extension of traditional entrepreneurship, characterized by the use of technology and innovation to develop novel products, services, or business models

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Technopreneurs

differ from conventional entrepreneurs in that their ventures are often high-risk, high-reward, heavily reliant on intellectual property, and possess strong potential for scalability.

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Spanish Era (1879–1898)

The first copyright law was the Spanish Law on Intellectual Property (1879). Patent rights were also recognized but processed through Spain

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American Era (1898–1945)

After the Treaty of Paris, the U.S. introduced its own patent laws via Act No. 2235 and later, Act No. 3134, based on U.S. Copyright Law (1909).

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1947

The Philippines passed Republic Act 165 (Patents) and Republic Act 166 (Trademarks) in

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Presidential Decree 49

replaced earlier copyright laws during the Marcos regime.

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Republic Act 8293 (1998)

the Intellectual Property Code of the Philippines modernized and consolidated the country’s IP laws

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The 1987 Philippine Constitution, Article XIV, Section 13

recognizes and protects the IP rights of Filipino creators, scientists, and inventors

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Copyrights, trademarks and service marks, patents, industrial designs, trade secrets

Ip law in the philippines protects

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Business Registration Processes

Registering a business is essential for legal recognition, tax compliance, and operational legitimacy. The registration steps differ based on the form of business

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5 years

DTI registration is valid for

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Trade Laws and Economic Agreements

Understanding trade laws is critical for technopreneurs aiming to engage in domestic or international trade

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ASEAN Trade in Goods Agreement (ATIGA)

): Seeks free flow of goods in Southeast Asia through reduced tariffs and streamlined rules

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Philippines–Japan Economic Partnership Agreement (PJEPA)

Covers trade, investments, IP, labor mobility, and more

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Philippines–EFTA (European Free Trade Association) FTA

Signed with Iceland, Norway, Switzerland, and Liechtenstein; includes trade in goods, services, and IP protections