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[kenventure]

Navigating Intellectual Property Rights and Startup Ecosystems: Insights and Opportunities

In the ever-evolving landscape of business and innovation, understanding the intricacies of intellectual property rights (IPR) and the dynamics of startup ecosystems is crucial. This blog delves into the essentials of IPR, highlights the importance of startup ecosystems, and shares valuable insights from experts in the field.

Understanding Intellectual Property Rights

Intellectual property rights protect the creations of the mind, ensuring that inventors and creators can control and profit from their innovations. Here's a quick rundown of the main types of IPR:

Patent

A patent is a government-issued grant that bestows an exclusive right to an inventor over a product or process. This right is protected for 20 years, allowing inventors to commercialize their innovations without competition.

Utility Model

A utility model is a technical solution to a problem in any field of human activity. It must be new and industrially applicable. This type of protection is crucial for incremental innovations.

Industrial Design

An industrial design refers to the ornamental or aesthetic aspect of a product. It is protected for 5 years from the date of filing, safeguarding the unique appearance of a product.

Trademark/Service Mark/Word Mark

These marks protect the identity of goods and services. They last for 10 years from the date of filing, ensuring that brands can build and maintain their market presence.

Original Works

Original works are protected for the lifetime of the creator plus 50 years after their death. This long-term protection ensures that creators and their heirs can benefit from their intellectual efforts.

Insights on Startup Ecosystems

Speaker: Keren Happuch A. Lacadin

What is a Startup?

A startup is a project with the potential to be highly scalable, working to solve a problem where the solution is not obvious. Examples include platforms like Airbnb and Grab, which disrupted their respective industries by offering innovative solutions.

Criteria for Startups

Project: An initiative aimed at solving a specific problem, such as sulit.com.ph.

Scalable: The potential for rapid growth, like Airbnb.

Non-Obvious Solution: Innovations that provide unique solutions, exemplified by Grab.

Differentiating SMEs and Startups

Small Medium Enterprises (SMEs)

Market Proven

Linear Growth

Business Plan

Startups

Disruptive

Exponential Growth

Business Model Canvas (Single one-pager)

Defining a Startup Ecosystem

A startup ecosystem is formed by people, startups in various stages, and various types of organizations in a location, interacting as a system to create new startup companies. It includes physical and virtual interactions, fostering a vibrant environment for innovation.

Key Startup Statistics

Global Startup Economy Snapshot

Most Highly Valued Unicorns Worldwide

Best Countries for Startups: Sweden, Norway, Israel

Philippine Startup Ecosystem

Ranked 59th globally and 13th in the Asia-Pacific region, the Philippine startup ecosystem boasts over 100 startups and a valuation of $3.05 billion.

Innovative Startup Act - RA No. 11337

This act supports the development and growth of startups through various programs and policies.

Philippine Startup Development Programs

Support R&D

Promote Access to Programs

Participation in Local and International Events

Support Collaboration

Develop Policies

DSDAP (Digital Startup Development and Acceleration Program)

Programs under DSDAP include:

Scale, Raise, StepUp

Startup Grant Fund

Startup Philippines Website

The Role of Technology

"Technology gives a silent student a voice." This emphasizes the transformative power of technology in enabling innovation and communication.

Exploring Incubation Programs and Opportunities

Speaker: Glyrhiz Mariel A. Tabamo

#ParaSaMindanao and #ParaSaBukidnon

These initiatives focus on incubation programs and opportunities for startups, particularly in Mindanao and Bukidnon.

Entrepreneurial Life

Speaker: John Ryan Loyloy

Sir Ryan's first advice to us was to not try business or not to be an entrepreneur, that intrigued my curious mind on why won't I try business in the future. He then explains his challenges on his entrepreneurial journey, as a young entrepreneur, many businesses are discouraged to be his business partner because he is young and still lack of experience and the difficulties that he encountered when investing businesses which is show below.

Starting and growing a business involves:

Idea Generation

Skill Development

Financing

Building Strong Connections

Lifestyle Adjustments

Handling Depression and Rejection

Overcoming Financial Struggles

"Failure is part of the success.", this quote really strikes me down to my core because I thought it was the opposite but then after what he and the other participants / co-entrepreneurs answers, I made me realize that failure is not the reason to give up on your dream thus you fail because you are still lacking the qualities to achieve your goal, making failure as part of your success. "You fail because that is life.", the closest answer to Mr. Loyloy's question on "why do we fail?". This made me lecture series complete and inspires me to risk and build my own business someday.

Conclusion

Navigating the intricacies of intellectual property rights and understanding the dynamics of startup ecosystems are critical for anyone looking to innovate and succeed in today’s competitive business environment. The essential aspects of intellectual property, highlighting the different types of protections available to inventors and creators. Insights from experts like Keren Happuch A. Lacadin and Glyrhiz Mariel A. Tabamo emphasize the distinction between SMEs and startups, the significance of a robust startup ecosystem, and the promise shown by the Philippine startup scene with its substantial government support. Entrepreneurial journeys, as shared by speakers including John Ryan Loyloy, highlight the importance of resilience, adaptability, and continuous learning. Loyloy’s experiences underscore the challenges young entrepreneurs face, from gaining credibility to handling financial struggles and rejection. In conclusion, whether protecting intellectual property or aiming to disrupt an industry, leveraging available resources and support systems is key. Embrace the journey with its ups and downs, and let these expert insights guide you towards achieving your goals in the ever-evolving landscape of business and innovation.

[kenventure]

Unveiling Rider Validation and Shop Commissions

Hello Philippines and Hello Entrepreneurial World! It's been a month since I uploaded my second blog. I hope you did miss me because I'm here back at it again to update you about our start up business proposal. Our goal for this validation is to ensure that our key partners would agree on our commission percentage for our start up business and to be able to validate our other key partner which is the motorcycle riders. My team propose 10% commission of every order to the shop owners and riders, and the commission will be given weekly. The reason for this is that, since we are still a start up business, we would ensure that our riders' salary will be efficient. We also propose that the quota should at least be 10 orders per day.

During our validation, we went back to the shops we validated last February to validate if they would agree on the 10% commission for every order that our business will be made. The owner of Sungkab a karenderia, stated that they would give 5-10% commission depending on how many and the price of the order with a minimum of 120 pesos per order. On the other hand, the owner of Kobi Kopi agreed on the 10% commission per order.

We also interviewed motorcycle riders which is one of our key partners. We asked if a commission-based business will emerge inside the CMU would they apply if the commission will be 10% per order, 5 days a week, and a 10 order quota per day. The riders agreed on the commission and asked us if what will happen if they will exceed the quota, we stated that they will earn more if the had more deliveries than the quota. We also proposed that aside from the commission, they will also be given a percentage of the shipping fee. They also suggested that we would call them if there will be an order so that they can also sideline as a habal-habal rider which we agreed upon.

The photos above is our documentation during the validation.

INSIGHTS:

My team successfully achieved our goal for this validation which proposing 10% commission on our key partners. By giving a quota ensures that the shop owners will not lose profit despite the commission, rather they will earn more and for the riders, they will also earn if they reach or exceed the daily quota.

For our team decision, we would work on our communication process of our business so that it will be more convenient to us, our riders, and our dear customers.

That's it for today's blog. Stay safe mga ka KenVenture!

[kenventure]

Empowering Voices: Community Validation in my Second Blog Journey

Prior the community validation, my team prepared three (3) questions to be used during the validation process. These are the three questions;

1. Would you want a food delivery service here in CMU?

2. Do you like it if your store will be one of our featured shops in our delivery app?

3. Would you give a priority or separate lane for our delivery riders?

Hypothesis: My team would like to test if the shops in the market will agree on our questions, then we will proceed to our validation process. and if not, we would like to find an intervention to make the shops agree.

Kape Barato was the first shop my team was able to validate. I was the one who asked survey questions. According to the shop owner, they would agree on a food delivery service here in CMU. She also agreed on featuring their shop on our website and they would give a priority lane for our delivery riders.

The second shop we validated was Kobe Kopi, a coffee shop, in which Janmarc Pulmones was the one who ask our questions in which they also agreed.

The third shop was interviewed by Kenneth Abellar, it was a karenderia, Sungkab. It is one of the famous karenderia in the market because of it's unique plating, in which you will eat directly from the pot. The owner also agreed on our survey questions.

The last shop we validated is a karenderia. Earlryd Bontuyan was the one who asked the survey questions. The owner also agreed upon answering our survey questions.

CONCLUSION: We therefore conclude that we would proceed to the next step of our validation process in which we will dig deeper. The team has made a decision in which our venture will be commission-based. The team chose the commission-based delivery service because our business venture is inspired from the local delivery service, Food Panda. The commission will still be negotiated from the shop and we will ensure that the commission will be fair for our riders.

The lesson that I learned upon validating is that, the team should have made more time on validation. The questions we also asked was also hanging, in a way that we just asked 3 questions. I hope the next validation will be more concrete, concise, and comprehensive. I hope we can do better next time. Above all, I really like how our team worked as one. I hope we can make it through and pass this subject. 'til next time!

[kenventure]

The First Step: Starting a Journey to the Entrepreneurial World.

We took the first step and now we have come a long way, a quote that I hope someday I will say again in my blog. This is us, after presenting our new venture named "Calayo Food Delivery". There are a lot of learnings after our teacher evaluated our new business venture. Validation is a must before starting a new business. Learn to innovate and always find a way to make your business stand out. I am now getting myself ready for the challenges our team will face in the future. Failure will become our best friend and inspiration to continue improving our business. I hope that what we have learned in our Entrepreneurial Mind subject will be our foundation on improving our business. I hope our teamwork will unravel the mystery of the future.