Techno 1.1

Question 1

• ability and willingness to develope, organize and manage a business venture
• practice of starting a business to provide product or service
• product or service does not
  need to be new or innovative,
  but this is what many people
  typically because
  there is more risk in presenting
  a new idea

Answer 1

Entrepreneurship

Question 2

• new breed of Entrepreneurship
• seldom a one-man show
• also known as technology entrepreneurship
  involves coming together of people who are tech-savvy, intelligent, innovative, creative

Answer 2

technpreneurship

Question 3

an investment project that deploys specialized individuals and heterogeneous assets that are intricately related to advances in scientific and technological knowledge for the purpose of creating and capturing value for a firm

Answer 3

Technology Entrepreneurship
(Bailetti, 2012)

Question 4

Four elements of technology entrepreneurship

Answer 4

1. creating and capturing value for the firm through projects that combine specialists and assets to produce and adopt
   technology
2. collaborative experimentation and production of new products, new assets, and their attributes, which are intricately linked to scientific and technology advances and the firm’s asset ownership rights
3. may entail projects that search for problems or applications for a particular technology, launch new ventures, introduce new applications, and exploit opportunities that rely on scientific and technical knowledge
4. technology entrepreneurship is not about the general management practices used to operate small businesses owned by engineers or scientists or just about
   small businesses

Question 5

How technology entrepreneurship differentiates from other entrepreneurship types

Answer 5

The interdependence between scientific and technological change, as well as the selection and development of new products, assets, and their attributes, differentiate technological entrepreneurship from other entrepreneurship types

Question 6

enables companies to track customer buying habits and make adjustments quickly if necessary

Answer 6

Big Data

Question 7

a function of numerous converging factors: aging Baby Boomers who want to maintain their youth and vitality into their senior years; the miniaturization of
sensors and their ability to be embedded in the body and in exercise gear

Answer 7

The Quantified Self

Question 8

It was only a matter of time before
entrepreneurs realized that people are becoming more comfortable sharing thingsvia the Internet

Answer 8

Collaborative Commerce

Question 9

ever decreasing cost of embedding
sensors and microchips in objects, people, pets, and so on, has opened up a new world

Answer 9

Context Awareness

Question 10

companies and consumers alike are
comfortable with storing important information, pictures, and other digital content in the cloud

Answer 10

Cloud Computing

Question 11

This emerging category builds on someof the technologies listed above, but is not necessarily human-centric

Answer 11

Internet of Things

Question 12

process of wealth creation characterized by the dynamics of new, creative firms forming and growing and old, large firms
declining and failing

Answer 12

Dynamic capitalism

Question 13

In this model, it is disequilibrium—the disruption of existing markets by new entries—that makes capitalism lead to wealth creation [Kirchhoff, 1994]

Answer 13

dynamic capitalism

Question 14

overall process of change and adaptationof actual industries to novelties

Answer 14

Creative destruction

Question 15

Many traditional business models are driven out of the market processes by new technology, new forms of production, new marketing and new business models

Answer 15

Creative destruction

Question 16

describes a process by which a product orservice takes root initially in simple applications at the bottom of a market and then relentlessly moves up market, eventually displacing established
competitors

Answer 16

Disruptive innovation

Question 17

Term coined by Clayton Christensen

Answer 17

Disruptive innovation

Question 18

a temporary organization used to search for a repeatable and scalable business model (Blank & Dorf, 2012)

Answer 18

STARTUP

Question 19

human institution designed to deliver a
new product or service under conditions of extreme uncertainty

Answer 19

STARTUP

Question 20

an entrepreneurial venture or a new
business in the form of a company or a partnership designed to search for a repeatable and scalable business model

Answer 20

startup

Question 21

STARTUP CHARACTERISTICS

Answer 21

1. small, limited resources
2. chaotic, rapidly evolving environement
3. relentless competition
4. intense time pressure from market
5. not a smaller version of a large company
6. no well-defined process
7. speed is faster
8. finding business model

Question 22

GLOBAL IMPACT OF STARTUPS

Answer 22

1. introduce innovation
2. bolster competition
3. foster the development of dynamic
   business environment
4. create new jobs
5. drive economic growth
6. Brings positive impact to society
7. Contribute to research and development

Question 23

PLANS OF STARTUPS

Answer 23

1. Philippine Roadmap for Digital Startups
2. Senate Bill on Innovative StartupAct
3. Startup Ecosystem Development Plan
4. 2020 targets -> 500 additional startups and provide jobs

Question 24

It aimed to create an innovation council that can lead in directing and sustaining innovation efforts

Answer 24

Innovative StartupAct

Question 25

This plan is to make the startup ecosystem more conducive to new and existing players, determine blocks in starting a business, and establish specific development programs with the DICT

Answer 25

Startup Ecosystem Development Plan

Question 26

STRENGTHS

Answer 26

1. fastest growing economy in Asia 1. low operating cost 1. vast market w/ minimal competition 1. English speaking population 1. vast Internet users

Question 27

CHALLENGES

Answer 27

1. lack of funding 2. scarcity of talent 3. poor infrastructure