Techno - Quiz Mar18 Flashcards
For technopreneurial venture to
start, grow and succeed, it must also
have the required ____________ (RES)
resources, environment, and support.
defined as the interaction of entrepreneurs and various institutions and organizations to support the development of startups being built up. (Carlos Barraza, 2018)
Entrepreneurial Ecosystem
A successful technopreneurship venture involves = HELF
Human Resources
Environment
Laws & Policies
Financial Resources
Human Resources Components
- Research - Thinker, Idea generator,
Innovator - Developer - Implementer, technical
people - Scanner and marketing people
- Financers
Environment Components: SAICGV
- Science parks, Incubation centers
- Academic Institutions, R & D Centers
- Internet access, Communication
- Communication and Other Support Services
- Geographic accessibility
- Venture Mentoring Services/Support
Laws and Policies Components: ITL
- Intellectual Property Rights Office
- Technology Licensing Office – facilitates
commercialization of inventions - Legal Services
Financial Components: VBFF
- Venture Capitalists (VC) and Investors
- Business Sector
- Funding Agencies
- Financial Services (i. e. Accounting)
What are the top 3 most evident support systems of tech startups?
Opportunities for engagement
advisors and mentors
entrepreneur leaders
A law which aims to “support for tech
start-ups”, “subsidize businesspermit
applications, visa programmes for
foreigners establishing start-ups in the
country, and even investment
funding”.
Innovative Start-up Act
Three crucial components for business:
-Excellent market opportunity
-Superb entrepreneur (and
management team)
-Resources needed to start the
company and make it grow
THE 9 Fs
Founders
Focused
Fast
Flexible
Forever Innovating
Flat
Frugal
Friendly
Fun
Sources of Seed Capital: PBFEFVMG
Personal Savings
Bank Loans
Family
Employees/partners
Friends
Venture Capital
Mortgaged property
Gov’t Guaranteed Loan
Entrepreneurial frugality means: LHM
Low overhead
High productivity
Minimal ownership of capital assets
TRUE OR FALSE
If the window is brief, the entrepreneur
will rush to open the business, usually
with inadequate planning.
TRUE
Percentage of large companies in the PHI?
5%
Percentage of small companies in the PHI?
95%
TRUE OR FALSE?
most Filipinos rely more on the non-risky path which is to have a secured regular source of income by being an employee either in the Philippines or outside the country; rather than putting up their own businesses.
TRUE
