Enhancing Value Chain Development in Bio-Resource Innovation through Entrepreneurship Skills Training

1. Path to Entrepreneurship

Path to entrepreneurship in biosciences

2. Establishing a Successful Enterprise: Things to know and do

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3. Identifying an Innovation that can be Commercialized

Technology Readiness Levels (TRL)

4. Managing a Small Business

Planning

Organizing

Directing

Controlling

5. From Feasibility Plan to Plan Business

Why do a Business Plan?>> Serves as a Road Map > Serves as a Sales Tool

Sample Framework for a Business Plan

Serves as an Action Plan

6. Ethics in Running a Small Business

Knowing what is right or wrong and doing what is right in the workplace.

The 'dos' and the 'don'ts'

7. Technology Licensing

Licenses and rights

Registration rights

Technology patent rights and disclosure

Disclaimer of Warranty

8. Intellectual Property Rights

Project Partners:

Founder:Inventor of Technology

Opportunity recognition

Intellectual Property Rights

Fund and build team & company

Develop technology toward product

Survive by additional funding, selling assets (IP licensing) or spinning out applications

Market product

Patents

Copyright

DatabaseRights

DesignRights

TrademarksPerformance

Rights

IntellectualPropertyRights

Cover Page

Content

Executive Summary

Introduction

Business history and current situation – what do you have?

Vision, mission and goals (where do you want to go)

Scanning the environment

Industry/ market analysis

SWOT – analysis

Product & Service Plan

Operational & Production Plan

Marketing Plan

Competitor plan

Management

Financials

Risk Planning

Support systems

Implementation monitoring and evaluation

List of references

Annexure and support documents

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Building a business team

Asking for the sale

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Plan

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Managing money

wisely

Remembering it is all about the customer

Being a self-promoter with reputation

Projecting a positive business image

Levelling the playing field with technology

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Being accessible and involve

dSelling benefits

Being a negotiator

Designing a comfortable workspace

Taking time off

Limiting the num

ber of hats you wearFollow

ing-up constantly

Founder:Market Perceiver

Why do feasibility Plan?> List in detail all the things you need to do to make the business work; > Identify logistical and other business-related problems and solutions; > Develop marketing strategies to convince a bank or investor that your

business is worth considering as an investment; and > Serve as a solid foundation for developing your business plan.

Components of a feasibility plan:> Description of the Business> Market Feasibility: > Technical Feasibility: > Financial Feasibility: > Organization Feasibility:

FAO March 2011 © Siegfried Modola/IRIN

Authors: Nicholas Ozor, K. Urama, E. Acheampong, J. Ecuru, M. Karembu, F. Nguthi, L. Opati, J. Komen, I. Virgin, M. Gasingirwa, T. Haileselassie, A. Abebe, J. Omari, P. Chuwa, N. Nyange

Lead author’s contact details: Dr. Nicholas Ozor, Senior Research Officer, African Technology Policy Studies Network (ATPS), Nairobi, Kenya; email: nozor@atpsnet.org; Mobile: +254713161926; Website: www.atpsnet.org