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Technopreneurship
| Term | Definition |
|---|---|
| Technopreneurship | hybrid discipline that fuses the world of technology with the principles of entrepreneurship |
| Technopreneurship | It is defined as the innovative application of technical science and knowledge, where technology and/or scalability are at the core of the business model |
| Process of Synthesis | Technopreneurship is a discipline described as a _____ rather than a finished product |
| Businessperson | Called to: those who typically operates within established market systems, focusing on maintaining stability and achieving incremental profit through proven business models. For them, technology is just a utility tool. |
| Entrepreneur | Called to those: self-starter driven by the desire to innovate and create new systems, often spanning multiple industries. their primary focus is often on market innovation, branding, and advertising to stand out in crowded markets. |
| Technopreneur | Called to those: Represents the specialized evolution of the entrepreneur where advanced technological innovation is the "soul" of the venture. They typically come from engineering, R&D, or data science backgrounds. |
| Data Democratization | a critical pillar of modern technopreneurship, referring to the process of making data tools and insights accessible to everyone in an organization, regardless of their technical expertise. |
| Management Information System | provides the structural framework for this act of democratization by collecting, organizing, and analyzing data to support decision-making. |
| VisTA (Visualization Tool for Analytics | an interactive supervision technology (SupTech) that extracts massive amounts of financial data from prudential reports to provide real-time, data-driven insights into the financial condition of the Philippine banking system. |
| Data-Driven Decision Making | the practice of basing strategic actions on information and systematic study rather than intuition. |
| Startup Ecosystem | a shared pool of resources, including policymakers, accelerators, incubators, coworking spaces, and funding group |
| Business-to-Consumer (B2C) | An E-business Model: Driven by convenience and price sensitivity; examples include Shopee and Lazada. |
| Business-to-Business (B2B) | An E-business Model: Focused on supply chain optimization for MSMEs; examples include GrowSari |
| Consumer-to-Business (C2B) | An E-business Model: nvolves the monetization of skills and social capital; examples include Upwork |
| Consumer-to-Consumer (C2C) | An E-business Model: Built on peer-to-peer trust and the circular economy; examples include Carousell Philippines and Facebook Marketplace. |
| Cloud-Native Infrastructure | allow fintechs to launch products cost-effectively without heavy hardware investment. |
| Blockchain | Used by firms like Coins.ph to facilitate secure cross-border remittances. |
| APIs | Enable "Open Finance," allowing third-party fintechs to create bespoke products using consumer data with user consent. |
| AI and Machine Learning | Automate data visualization and provide protection against fraud while customizing services based on financial profiles. |
| Platform responsibility | refers to the ethical and legal obligation of digital service providers to protect their users. |
| Fintech | a primary driver of financial inclusion in the Philippines, reaching marginalized populations. |
| Innovative Startup Act | RA 11337 | RA: Encourages the establishment of new innovative businesses through regulatory support and financial aid |
| Ease of Doing Business Act | RA 11032 | RA: Reduces bureaucratic friction for registering and operating ventures. |
| Broadband ng Masa Program | A DICT initiative to expand internet infrastructure nationwide, providing the "lifeblood" required for technopreneurship |
| Regulatory Sandbox Framework | A "test and learn" approach (BSP Circular 1153) allowing startups to test new financial solutions in a controlled environment |
| eGov PH App | A "one-stop shop" application that enhances efficiency in exchanges between the government and citizens, helping MSMEs and farmers grow their businesses. |
| Build-Measure-Learn | the fundamental activity of a startup. Its purpose is to transform ideas into products, measure how customers respond to those products, and learn whether the startup should pivot, change the fundamental strategy, or persevere,stay the course. |
| The Minimum Viable Product (MVP) | the version of a new product that allows a team to collect the maximum amount of validated learning about customers with the least amount of effort. |
| The Wizard of Oz MVP | Type of MVP: Known as "Faking the Back-End." technique where a, "fake" automated product is used, with a human manually performing the backend work, to test a concept before full development |
| The Video MVP | Type of MVP: "Testing Interest Before Building" often low-fidelity, video that demonstrates a product’s value proposition to gauge market interest before building a functional prototype. |
| The Concierge MVP | Type of MVP: "Personalized Manual Service" a strategy where a service is delivered manually, offering highly personalized, high-touch support to a small group of users before any automation is built |
| The Piecemeal MVP | Type of MVP: "Repurposing Existing Tools". Stitching together existing components—such as landing pages, forms, and email services—to simulate a complete product and provide new functionality |
Created by:
RamRamRam