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Lecture Series: Intellectual Property, Start-ups, and Entrepreneurship

I recently attended a series of lectures that covered important topics like intellectual property, start-ups, and entrepreneurship. In this blog, I want to share what I learned from each of these lectures and how they helped me understand the business world better.

The first lecture taught me about the importance of protecting our ideas and creations. I learned about a famous example of a picture that was copied from a convenience store's logo; this is especially relevant in light of the viral picture of the "seven ebelen" whose face was copied from the 7-Eleven convenience store logo. which showed how easily someone's work can be stolen. I learned the importance of registering a business idea or product to safeguard it from intellectual property theft. By registering, you can secure your business idea through various methods like copyrights, patents, or trademarks. This can provide legal protection and recourse in case of infringement. It's crucial to take these steps to protect your business idea and any unique elements associated with it. This lecture made me realize how important it is to understand the laws that protect our intellectual property.

The second lecture was about the world of start-ups. Ms. Keren Happuch A. Lacadin shared her knowledge about the different people and organizations that help start-ups grow, such as investors, mentors, and government agencies. I learned that start-ups need a supportive environment to succeed, and that working together with others is key.

The third lecture was about the different programs that help start-ups grow, such as business incubators and accelerators. Ms. Glyrhiz Marhiel A. Tabamo taught me about the resources available to entrepreneurs and the importance of seeking guidance and support when starting a business.

The final lecture was a personal story of success and failure shared by Mr. John Ryan Loyloy. He taught me that failure is a natural part of the entrepreneurial journey and that we can learn from our mistakes. His message was inspiring and reminded me that perseverance and adaptability are essential for success.

Conclusion

The lecture series was a valuable learning experience that helped me understand the business world better. I learned about the importance of protecting our ideas, the support system needed for start-ups, and the resources available to entrepreneurs. Most importantly, I learned that success and failure go hand-in-hand, and that we can learn from our mistakes.

I'm grateful for the opportunity to have learned from these experienced speakers, and I look forward to applying these lessons in my own entrepreneurial journey.

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FODE Team's Progress and Challenges

The FODE team has made significant progress in developing an application that addresses the challenges faced by students. The team's willingness to conduct thorough research and gather feedback from potential partners has been crucial in this process. We the FODE Team, conducted a series of interviews with 13 aspiring FODE riders, faced a challenge in convincing potential riders to share 50% of the income with the app. Out of these interviews, only 5 students agreed to become a FODE rider due to concerns about the shares of income. To test the hypothesis, we presented the idea of sharing 60% of the income with the riders and 40% with the app. We reapproached the previously interviewed 13 aspiring FODE riders and explained to them that we had come up with this new agreement.

The team's hypothesis was that potential riders would be more inclined to use the app if they received a larger share of the income. This hypothesis was tested by presenting the idea of a 60%-40% income share between the riders and the app, respectively. The results were overwhelmingly positive, with all 13 aspiring riders agreeing to become FODE riders. This indicates that the income share was a significant factor in their decision, supporting the team's hypothesis.

The team faced a challenge in convincing potential riders to share 50% of their income with the app. However, by increasing the income share to 60%, they were able to overcome this obstacle.

Another challenge was the privacy concern of some students regarding the uploading of their photos. The team respected the privacy of those who did not want their photos included and did not include any photos in their documentation. However, other potential riders agreed to have their photos used for our team's blog. This experience taught the team the importance of respecting people's privacy and being sensitive to their concerns.

The FODE app has the potential to not only provide convenience for students but also create employment opportunities. This impact could be significant, considering the financial problems that many students face. The team plans to hold a seminar to explain how to use the app to everyone involved, including the FODE riders and the eatery owners. This would make the app more convenient for students and help solve problems instantly.

In conclusion, the FODE team's experience provides valuable lessons on the importance of conducting thorough research, gathering feedback, being adaptable, respecting privacy, and understanding the potential impact of the solution. These lessons will be useful in our future endeavors.

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Innovative Solutions for University Students: How Our Team's Decisions are Making a Difference

As a team, we were given the task to identify a problem faced by students in our university and come up with a solution using technology. Through a series of interviews with students, we discovered that the long walk from the market to the different colleges on campus or boarding houses was a major issue. This not only caused inconvenience for students, but also made it difficult for those who wanted to have a part-time job.

After interviewing a total of 23 students, we found that most of them struggled to find a part-time job because of the location of our university. They would have to walk a long distance to get to the market, and then back to their respective colleges. This not only took up a lot of time, but also added to their transportation costs. This was a major concern for students who wanted to save money while also earning some extra income.

Based on these findings, our team came up with the hypothesis that an app that could provide a solution to this problem would be highly beneficial for students. We believed that if students could order items or foods from the market and have them delivered directly to their colleges or boarding houses, it would save them time and money. Additionally, this app could also provide opportunities for students to work as delivery personnel, thereby solving the issue of finding part-time jobs.

To test our hypothesis, we created a prototype of the app and asked students and karinderya owners in the market to look at it. The results were overwhelmingly positive, with all students and karinderya owners agreeing that this app would be extremely useful for them. They liked the idea of being able to order items from the market and have them delivered to their colleges, saving them time and effort. They were also excited about the prospect of working as delivery personnel and earning some extra income.

After analyzing the results, our team decided to move forward with our idea of creating an app that could solve the long walk problem in our university. We also made the decision to have the app cater to both the needs of students wanting to order food and those looking for part-time jobs. This would not only make the app more convenient for students, but also help to solve three problems at once.

 During this process, our team learned the importance of conducting thorough research and gathering feedback from potential customers. We also learned the value of being open to different ideas and options, and making decisions based on the needs and wants of our target audience. Our team also realized the potential impact our app could have on the lives of students, not just in terms of convenience but also in terms of providing employment opportunities.

However, one challenge we faced was that all students and karenderya owners we interviewed did not want their photos uploaded as part of our documentation. We respected their privacy and did not include any photos in our documentation. This experience taught us the importance of respecting people's privacy and being sensitive to their concerns.

In conclusion, we were able to identify a major issue faced by students and come up with a practical solution using technology. This experience has taught us valuable lessons that we will carry forward in our future endeavors.

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The Spirit: Embracing Risk and Innovation

As a student, it's important to think about your goals and what you want to achieve. Some may be satisfied with just being a student, but for others, the desire to create and innovate is strong. This is where entrepreneurship comes in, offering a unique opportunity to break away from the norm and find success. With these, I will discuss what I have learned in our introduction and what the entrepreneurial spirit and the significance of taking risks and the culture of 'good enough' in entrepreneurship.

The Entrepreneurial Spirit:

Entrepreneurs are the driving force behind the economy. They must be rebels, as starting a business means going against the norm. While a student's goal is to be perfect, in entrepreneurship, it is crucial to take risks and be willing to make mistakes.

The Importance of Risk-Taking:

Entrepreneurs must be ready to take risks in order to achieve success. Failure is a natural part of the process, and it's important to learn from it. Embracing risk allows entrepreneurs to adapt to changing circumstances and grow as individuals.

The Culture of 'Good Enough':

In entrepreneurship, perfection is not the main goal. The focus is on creating a product or service that is good enough to meet the needs of the market. This mindset enables entrepreneurs to constantly improve and make changes to their offerings.

By embracing the entrepreneurial spirit, taking calculated risks, and adopting the culture of 'good enough,' we students and individuals can find success in the world of entrepreneurship. Being open to challenging the status quo and taking risks can lead to innovative solutions and thrive in the competitive market.