In the third meeting in the Technopreneurship class our instructor has the lesson called ecosystems in technopreneurship and states these acronyms called HELF Human resources, Environments, Laws & policies and lastly Financial Resources. First what is a Technopreneurship Ecosystem? A Technopreneurship Ecosystem is a community of components that supports and links together to supports Start Up companies and Tech Firms in these environments. Its ecosystems that have its checks and balances and resources it gathers that are essentials in order to survive in this Technopreneurial Serengeti. Lets Breakdown what is HELF acronym by each letter.
First is Human Resources Comments to start a Business or a Start-UP you need manpower in order to begin it. It very essentials to that you pick the right person to the job there are good at. If not you just wasting your time, essential money and resources to do it thus making you entrepreneurial endeavor down into drain. In A Technopreneurship Ecosystem there are three Components’ and these are Researches, Developers, Marketing People and lastly are your Financers.
First is the Researcher these are your people that you need there are the tinkers, idea generator and innovator in your start up even you are the Researcher in making your start up. They are the glue that binds a startup to grow and even start because they are the driving force for that company to start and really to grow.
Next are the Developers there are your technical people making your idea into a reality they are the craftsman, builders and engineers that assess if the idea you want is possible or need some little tweaks and built it. They are the one of the pillars of your start up is they hold your idea up high making your idea in reality.
Another is the marketing people these are tried to market your idea that the Developers that created for the potentials consumers by the use of Traditional Mass Media or the use of another means like the use of the Internet or any other means. They are the façade or walls/roof of your start up as they project your idea or product as marketable to the consumers and entice them to buy your idea or product.
And the last is the Financers they Finance your idea as they give you or lend you with money as they said money makes the world go around even your parents are also your Financers as they give you small amounts of money, bank loans even Cooperatives can even loan you money and Investors if they find your idea profitable. They are the base or the foundation for your start up as they support your endeavors.
Next in the HELF acronyms is E for Environment in the ecosystem the Environment dictated what types of animals in that environment the examples are the Serengeti animals should be fast or sneaky because the Serengeti is a wide open plains that have grasses that varies in length and color in the given weather. When in terms of A Technopreneurship Ecosystem the Environment dictates what idea will you make and the resources to gather in order to built your idea into a product and the consumers that the will be market into. Let’s explore the components that Environment in Technopreneurship Ecosystem is.
First are Science Park and Incubation center these are the initial presentation of the product or idea for viewing as they assessment if the idea is good. They assist start ups to develop more of the idea that presented into them.
Next are the Academic Institutions and R and D or Research and Development Center examples of these are Research Universities like USEP and UP Mindanao even Government intuitions like the Department of Science and Technology and some non government or even private for development of idea into a product or research possible use of the idea in mind.
Another is Internet Access many startup coagulate in areas that fast and accessible internet service due to the large data it must transmit and due to the internet it is possible to connect your investor and find new solutions that can only be access in the internet and to connect you to other Academic Institutions and Research and Development Center for more information.
Next are Communication and other support service these are your resources mobile reception and telecommunication service like telephone because some support services have them and far more accessible due to its locations and support services like your suppliers, maintenance services and etc are essential for the running of a start up as you can buy or materials at your location in will be discuss in the final component.
The final Component of the Environment is the Geographic accessibility or location of the startup any start up starts on the location with this said before will have the advantage like they can pull resource far more cheaper and accessible for the to get manpower, materials’ and data/information the examples of these are Silicon Valley California, Shenzhen China, and Toyota City Japan these name a few as these area are rich in manpower and can pull resources cheap and can connect other companies and other institutions for example in silicon valley California many start up can pull manpower because they can hire newly graduated students at University like Caltech or Berkley or other former employees like form Google to Intel and in the case Shenzhen China due to the many manufacturing companies that supplies like LCD screens to CPU for a Phone to supplied big companies like Apple to Samsung and the case of Toyota City Japan it was due to the Small workshops that dotted the area that they can pull into.
These Factors in the environment side you must take in order that your startup to grow and even to be a successful and we learn some of the examples on it.
Next in the HELF acronyms is L for Laws and Policies in the ecosystem there are natural laws that guided every organisms and their place at it but in the field on Technopreneurship Ecosystem these are the laws that any start up must comply it in order to compete with that ecosystem it’s like having a game of basketball they have rules and regulation in order to fair play and to have good competitive sprite to the players and groups in hand. Many Stat ups must follow these rules in order them to comply or else. The components Intellectual property rights, Technology licensing office and Legal services.
Why do we really needed Intellectual property rights because they are need to have protections in order for other competitors to not copy them examples of these are Trademarks, Copyrights and Patents.
In the words of US Patents and trademarks Office A trademark is a word, phrase, symbol, and/or design that identifies and distinguishes the source of the goods of one party from those of others. A service mark is a word, phrase, symbol, and/or design that identifies and distinguishes the source of a service rather than goods. Some examples include: brand names, slogans, and logos.
A patent is a limited duration property right relating to an invention, granted by the United States Patent and Trademark Office in exchange for public disclosure of the invention. Patentable materials include machines, manufactured articles, industrial processes, and chemical compositions.
They are both same in concept but different trademarks really deals on the brand names, slogans, and logos of the company in order to stop other companies to confuse and misdirect consumers or promising investor stabbing you in the back. But a patent is really different due in being it only have a limited duration that you really owns your idea or inventions due being many companies abuse it suing other companies with similar ideas but different solutions thus making it a Monopoly in a part and really stifle the growth and innovations in it for example Microsoft just update the patent of their patents of their old operating system even its not in the market anymore and still has hold of the 80 percent of the market of Operating system in use. I am more in advocate of the Open source concept because it generates more innovations in the market us a whole and far more diversity in the market making it more competitive. The more choices in the market the better.
Technology licensing by definition of businessdictionary is an Agreement whereby an owner of a technological intellectual property (the licensor) allows another party (the licensee) to use, modify, and/or resell that property in exchange for a compensation (consideration). The compensation may take the form of a (1) lump sum royalty, (2) royalty based on volume of production (called running royalty), or (3) right to use licensee’s technology (called cross licensing). Through licensing of proprietary technology, small firms can earn substantial income from markets that they could not penetrate on their own, and large firms can have foreign affiliates without high financial and legal risks. Example of this is the GNU Project is the agreement or mass-collaboration project for open software movement as they must follow strict guidelines in order to use some parts of the components in software. Another is franchising like Jollibee and McDonalds’ they license their name and product to the person how wants to have business with the terms and agreements that the owner of the establishment must follow.
And the last is Legal services these are service that need in order you to start a start up like business permit, Taxes and law offices as they are the referees and they enforce laws that abides many companies and must pay taxes into them for service like trash disposal trademark protections, issuing a patents and so on.I don’t know what to say here so OWO!
The last in the HELF acronyms is F for Financial Resource Component these are the final components if you really want to start a startup I guesses you want to these Component are the Investors , Business sectors, Funding Agencies and Financial Services.
First is the investor is any person or other entity (such as a firm or mutual fund) who commits capital with the expectation of receiving financial returns. Investors utilize investments in order to grow their money and/or provide an income during retirement, such as with an annuity. Examples of these are Angel investors giving you money even your parents or relative are in this part of in and some investors are gives you money but have share in your startup.
Business sectors are what sector of the startup must get if you are in manufacturing you must have the some backing of the raw materials industry and manufacturing and construction or your startup in service sectors like the call centers or intellectual services industry like the software developers and App companies.
Funding Agencies are Agencies that givers you money for your idea or inventions these Agencies are Private Banks or even the government will give you funds in the name called Government Grants today many startups by the use Crowdfunding by some websites like Kickstarters, Indiegogo, GoFundMe and the most popular one is Patreon. Many Crowdfunding startups became successful like The Pebble E-Paper Watch and the Oculus Rift. But Crowdfunding have some cons due to the instability and the lack of transparency to the Crowdfunder to startup and high expectations.
Financial Services Companies in the financial services industry are in the business of managing money. Globally, the financial services industry leads the world in terms of earnings and equity market capitalization. Large conglomerates dominate this sector, but it also includes a diverse range of smaller companies. Models are Commercial financial administrations, a speculation bank ordinarily just works with arrangement creators and high-total assets customers, not the overall population, Private value reserves, funding suppliers and heavenly attendant speculators supply venture cash-flow to organizations in return for possession stakes or benefit support and Insurance is another essential subsector of the budgetary administrations industry.
Reference
https://www.investopedia.com/ask/answers/030315/what-financial-services-sector.asp
https://www.investopedia.com/terms/i/investor.asp
https://www.uspto.gov/trademarks-getting-started/trademark-basics/trademark-patent-or-copyright
http://www.businessdictionary.com/definition/technology-licensing.html
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