BET 6 Technopreneurship Flashcards by KATRINA BEA MANALILI

Process of starting a new and running business, and you as entrepreneur will have to choose your own style on running business but before that you will have to know the responsibility or risks of running a business.

Entrepreneurship

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Process of creating a new enterprise and bearing any of its risks, with the view of making the profit.

Entrepreneurship

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An individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

Entrepreneur

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The process of setting up a business is known as

Entrepreneurship

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Types of Entrepreneurs

Builders, Opportunist, Innovator, Specialist

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They are focused on rapid expansion, scaling their businesses aggressively within a short time frame. They assemble strong teams, secure top investors, and create a solid infrastructure to sustain growth.

Builders

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Howard Schultz(Starbukcs)
Reed Hastings(Netflix)
Zhang Yiming(TikTok/ByteDance)
Kylie Jenner(Kylie Cosmetics)

Builder Entrepreneurs

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They excel at spotting profitable ventures, getting in at the right time, and exiting when a business peaks. They are primarily driven by financial gain and residual income but can sometimes act impulsively.

Opportunist

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Shaquille O’Neal (Investor, Endorsements)
Mark Cuban (Entrepreneur & Investor) Peter Thiel (PayPal, Facebook investor)

Opportunist Entrepreneur

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They create revolutionary ideas that transform industries. They focus on groundbreaking solutions rather than immediate profits, often delegating
business operations to others.

Innovator

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Elon Musk (Tesla, SpaceX)
Steve Jobs (Apple)
James Dyson (Dyson)
Nikola Tesla (Inventor)
Thomas Edison (Inventor)

Innovator Entrepreneurs

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They are experts in a specific field, growing their businesses steadily through networking, referrals, and deep industry knowledge. They take calculated risks and focus on long-term stability.

Specialist

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They will build out their business through networking and referrals, resulting in slower growth than a builder entrepreneur.

Specialist Entrepreneur

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Gordon(Culinary Expert)
Phil Knight(Co-Fonder of Nike)

Specialist Entrepreneur

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Focuses on a small-scale business on a local community without the need of continuous expansion.

Small Business
Ex: Running Local Shop

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It begins on a small scale with the plan for long term growth with also the help of investors that are willing to invest on the idea.

Scalable Start-up Entrepreneurship
Ex: TikTok

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It’s exclusively for already established business as this the act of acquisition of another business and creating another division within that company.

Large Company Entrepreneurship
Ex: Disney acquisition of Pixar

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Focuses more on societal changes the goal is benefit the humankind and the way of life.

Social Entrepreneurship
Ex: Grameen Bank

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Focuses more on new ideas, groundbreaking products, innovating the current market and find ingenious and creative way to introduce to the market it’s all about pushing the boundaries.

Innovative Entrepreneurship
Ex: Tesla

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is all about that grindset, determination, gumption and can do attitude, starting off small business and through sheer determination and learning from failures you’ll eventually reach that goal

Hustler Entrepreneurship
Ex: Amazon, Jeff Bezos

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It refers to adopting existing business, ideas or products and modify or improve said product and creating something new by creating a new concept for it

Imitative Entrepreneurship
Ex: McDonald

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It is the same as Large company entrepreneurship but instead they want their vision and control the business they bought, pivoting what it originally was.

Buyer Entrepreneurship
Ex: Tesla buying Twitter, now X

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If you have a hobby why not make some profit from it , if you like baking why not make a bakery not only you enjoy what your doing you are gaining profit from.

Lifestyle Entrepreneurship

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7 Characteristics of Entrepreneurship

● Versatility
● Flexibility
● Money Savviness
● Resiliency
● Focus
● Business Smart
● Communication Skills

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the use of scientific knowledge to create tools, techniques, and processes to solve problems and make life easier.

Technology

A person who always finds out the opportunities and converts it into reality in the form of products and services to maximize profit and develop their business.

Entrepreneur

A person who is engaged in technopreneurship creates a product or solution that uses technological solutions to change the way of doing something in an orthodox way.

Technopreneur

a type of entrepreneurship that involves high technology. and It is a type of entrepreneurship in the technology field.

Technopreneurship

This period marked the beginning of technological advancements. Inventors such as Nikola Tesla and Thomas Edison were proprietors of innovations (Palmer, 2024).

Industrial Revolution

He was known for the invention of the incandescent light bulb, but he was not the first to invent the light bulb. He invented and sold a design that would last long enough for practical use (Kiger, 2020).

Thomas Edison

He created a transformer that produces high voltage electricity which is known as the Tesla coil.

Nikolas Tesla

With the help of _______________________ in 1893 World’s Columbian Exposition in Chicago, they partnered with _________________ to install __________________ in Niagara Falls to create the first modern ___________________ (Nikola Tesla, 2020)

George Westinghouse; General Electric; Alternating Current generators; power sation

He was known for his invention of the telephone in the year _____ and he was the one who refined Thomas Edison phonograph in 1886.

Alexander Graham Bell; 1876

He was the successful inventor of the wireless telegraph or radio in ______ using the concept of radio waves by Heinrich Hertz, a German physicist. His invention was used for long-distance communications during his time

Guglielmo Marconi; 1896

During this period, computers, semiconductors, and the internet started to emerge (Palmer, 2024).

20th Century Technologies

They are the co-founders of the brand Apple, who began Apple Computers in the year _____. Apple is still the most popular brands in personal computers and devices around the world. Their invention of the first personal computer gave people the idea of what computers could contribute to the ease of life.

Steve Jobs and Steve Wozniak; 1976

His Microsoft Corporation is a technology company which has contributed to the computer industry since 1975

Bill Gates

Initially co-founded the electronic payment firm known as Paypal. He then formed SpaceX and Tesla that primarily innovated on spacecrafts and electric cars. He was also the one who bought Twitter in 2022 an rebranded it as X.

Elon Musk

Founder and CEO of Meta formerly known as Facebook Inc. in 2004. The company focuses on social media platforms such as Facebook, Instagram, WhatsApp, and Messenger Its name gives an emphasis on the term “Metaverse”.

Mark Zuckerberg

This marks the beginning of the rise of startups and digital platforms such as Amazon, Google, Uber, etc. This is also the era where artificial intelligence emerged.

21st Century and the Digital AGe

It is the study of the origin of words and how their meanings and structures have evolved over time.

Etymology

It refers to the system or set of names used in a specific field of study or discipline

Nomenclature

meaning art, skill, craft

"techne"

“logia” meaning

study of

Derived from the Greek word technologia. “techne” meaning art, skill, craft “logia” meaning “study of”

Technology

It refers to the application of scientific knowledge for practical purposes.

Technology

Originating from the French word entreprendre, meaning "to undertake."

Entrepreneurship

entreprendre

to undertake

inter

between

to grasp, seize, or take

prehendre

refers to the practice of using technology to innovate, create, and manage entrepreneurial ventures.

Technopreneurship

It falls under the entrepreneurship nomenclature, which categorizes different types of business ventures.

Technopreneurship Nomenclature

Other types of entrepreneurship

Social Entrepreneurship Traditional Entrepreneurship Digital Entrepreneurship

A law that allows researchers, scientists, and universities to own and commercialize inventions made with government funding.

The Philippine Technology Transfer Act Of 2009 (RA 10055)

House Bill No. 5208 & Senate Bill No. 3416 Introduced ▪ Lawmakers proposed a bill to define IP ownership for publicly funded research and promote technology transfer.

March 3, 2009

The bill sought to grant Research and Development Institutions (RDIs) the right to manage their innovations.

House Bill No. 5208 & Senate Bill No. 3416

Bicameral Conference Committee Approval The Senate and House of Representatives reconciled their versions of the bill.

November 2009

RA 10055 Signed into Law President Gloria Macapagal-Arroyo signed RA 10055 (Philippine Technology Transfer Act of 2009) into law.

March 23, 2010

RA 10055 Published in the Official Gazette

May 7, 2010

An act providing the framework and support system for the ownership, management, use, and commercialization of intellectual property generated from research and development funded by government and for other purposes

Republic Act 10055

* Establishes the name of the Act and its policy objectives * Defines key terms and specifies that the law applies to all government- funded research institutions (RDIs) and funding agencies (GFAs).

Article I: Title, Declaration of Policy, Objective, and Scope

* Grants ownership of intellectual property (IP) to the RDI that developed it using public funds. * The government retains march-in rights, allowing intervention if an RDI fails to commercialize a critical technology.

Article II: Intellectual Property Ownership

Defines the obligations of Government Funding Agencies (GFAs), such as ensuring the proper management and commercialization of funded technologies. * Establishes the responsibilities of RDIs, including protecting, managing, and commercializing IPs.

Article III: Rights and Responsibilities of GFAs and RDIs

Establishes a revenue-sharing mechanism for IP commercialization, ensuring that: o Researchers, RDIs, and the government receive fair compensation. o The GFA’s share does not exceed that of the RDI.

Article V: Revenue Sharing

Allows the government to step in (march-in rights) if an important technology is not being developed for public benefit. * Provides conditions under which the government can issue compulsory licenses for public use.

Article VI: Government Use and Compulsory Licensing

Encourages RDIs to set up TLOs or Technology Business Development Offices to support innovation and commercialization.

Article VII: Technology Licensing Offices (TLOs) and Business Development Offices

Provides incentives for researchers, such as: o Leaves of absence (up to two years) to allow them to commercialize their inventions. Continued access to RDI facilities during commercialization.

Article VIII: Incentives for Commercialization

Mandates the Department of Science and Technology (DOST) and the Intellectual Property Office (IPO) to create implementing rules and regulations (IRR).

Article IX: Miscellaneous, Transitory, and Final Provisions

It refers to creations of the mind that are legally recognized and protected to ensure that inventors and creators benefit from their work.

Intellectual Property (IP)

Depending on the nature of the technology, it may be licensed exclusively to one entity or non exclusively to multiple partners.

Exclusive vs. Non-Exclusive Licensing

Research institutions may commercialize their technologies themselves or form joint ventures with private industry.

Direct Commercialization

Startups and spin-offs may be created to develop and scale the technology further.

Technology Incubation

Collaboration between the government, academia, and private sectors facilitates commercialization.

Public-Private Partnerships

RDIs that develop technologies using government funding are granted ownership of the resulting IP, with the government retaining march-in rights to ensure public benefit.

Intellectual Property Rights (IPR) Management

Provides a clear structure on how revenues from technology commercialization are shared among researchers, RDIs, and government agencies.

Revenue Sharing Mechanisms

Encourages RDIs to establish Technology Licensing Offices (TLOs) to facilitate technology transfer to industry and private sectors.

Technology Licensing and Commercialization

Promotes partnerships between government research institutions and private industry to maximize the impact of R&D innovations.

Public-Private Sector Collaboration

Ensures that government-funded research aligns with national development goals and priority areas in science and technology.

Compliance with National R&D Priorities

Leads the implementation of RA 10055, provides funding for R&D, and ensures proper technology transfer mechanisms.

Department of Science and Technology (DOST)

IT plays a crucial role in implementing and regulating RA 10055 by funding research, formulating policies, and ensuring that publicly funded technologies benefit society.

Government

Key Stakeholders

Government, Research Institutions, Private Sector, Inventors and Researchers

Assists in patent applications, enforces intellectual property rights, and ensures compliance with national IP laws.

Intellectual Property Office of the Philippines (IPOPHL)

Includes agencies such as the Department of Agriculture (DA), Department of Energy (DOE), and Department of Health (DOH), which provide funding and oversight for research projects.

Government Funding Agencies (GFAs)

Aligns technology transfer initiatives with national economic development plans.

National Economic and Development Authority (NEDA)

Serve as major contributors to government funded R&D, generating innovations for commercialization.

State Universities and Colleges (SUCs) and Research Institutions

the primary developers of new technologies under RA 10055. They conduct research, apply for intellectual property protection, and collaborate with industry partners for commercialization.

Research Institutions

plays a vital role in bringing government-funded technologies to the market through investments, commercialization, and large scale production.

Private Sector

are at the core of the technology transfer process, developing innovations that have commercial and societal value.

Inventors and Researchers

A law passed in 2019 to support and encourage startups in thePhilippines. ▪ Helps entrepreneurs by providing financial aid, workspaces, tax benefits, and easier business processes. ▪ Focuses on technology-driven and innovative businesses.

Philippine Startup Ecosystem (RA 11337)

An Act Providing Benefits and Programs to Strengthen, Promote and Develop the Philippine Startup Ecosystem.

Philippine Startup Ecosystem (RA 11337)

Philippine Startup Ecosystem (RA 11337) date of enactment

July 26, 2019

It’s Senate Bill No. 1532 filed by who as its principal author.

Former Senator Paolo Benigno “Bam” Aquino IV

The Act establishes the PSDP, a comprehensive program designed to support the growth and development of startups and startup enablers.

Philippine Startup Development Program (PSDP)

The Act promotes the creation of special economic zones specifically designed to support startups and startup enablers, offering various incentives and benefits.

Philippine Startup Ecozones

The Act mandates the development of strategies to attract investment in startups and facilitate the provision of benefits to investors.

Startup Investment Development Plan

The Act establishes dedicated funds to provide grants-in-aid and match investments in startups, respectively.

Startup Grant Fund (SGF) and Startup Venture Fund (SVF):

The Act introduces three types of startup visas:

startup owner visa, startup employee visa, and startup investor visa

Filipino executives of qualified startups are eligible to apply for an ABTC, facilitating business travel within the APEC region

APEC Business Travel Card

An act prescribing the intellectual property code and establishing the intellectual property office, providing for its powers and functions, and for other purposes.

CHAPTER 5: Intellectual Property Code of the Philippines (RA 8293)

PART 1

The Intellectual Property Office

PART 2

The Law On Patents

PART 3

The Law on Trademarks, Service Marks and Trade Names

PART 4

The Law On Copyright

PART 5

Final Provision

The Agency of the government in charge of the implementation of the Intellectual Property Code is the

Intellectual Property Office which replaced the Bureau of Patents, Trademarks and Technology Transfer.

It is divided into six Bureaus, namely:

1. Bureau of Patents 2. Bureau of Trademarks 3. Bureau of Legal Affairs Documentation 4. Information and Technology Transfer 5. Bureau Management Information System and EDP Bureau 6. Financial and Personnel Services Bureau

It is a right granted to an inventor by the federal government that permits the inventor to exclude others from making, selling or using the invention for a period of time.

Patent

What can be patented?

Any technical solution of a problem in any field of human activity which is new, involves an inventive step and is industrially applicable shall be patentable,

Who may apply for a Patent?

Any person, natural or juridical, may apply for a patent

It refers to a recognizable insignia, phrase, word, or symbol that denotes a specific product and legally differentiates it from all other products of its kind.

Trademark

a collection of rights that automatically vest to someone who creates an original work of authority - like a literacy work, song, movie, or software.

Intellectual Property Code of the Philippines

RA 8293

Philippine Startup Ecosystem

RA 11337

The Philippine Technology Transfer Act Of 2009

RA 10055

Parts of the law

PART 1- The Intellectual Property Office PART II - The Law On Patents PART III - The Law on Trademarks, Service Marks and Trade Names PART IV - The Law On Copyright PART V - Final Provision

BET 6 Technopreneurship Flashcards

Midterms Reviewer Chapter 1 - 6 (115 cards)