PowerPoint Presentation

Biyi OladipoAcuity Limited/Nigerian Internet Registration Association (NiRA)CPN New Members Induction June 19, 2013AgendaOur Changing WorldWhat is TechnopreneurshipSome DefinitionsSome Thoughts from the DefinitionsSome ExamplesBill Gates, Steve Jobs, Mark Zuckerberg, Sergey Brin and Larry Page etc.Ideas on TechnopreneurshipUnderstanding your StrengthsHaving Eyes for Opportunities Distinguishing Between Risk and UncertaintyDefining and Assembling your AudienceDeveloping a Viable Business ModelMonetizing your Audience Funding your IdeasConcept of the 3FsAssessing the AngelsCollaborationFinal Thoughts

In The Beginning..The World was round..

In the beginningThe world was round in the game of IT Solution salesCustomers did not know everything there was to know about IT SolutionsThey relied solely on vendors to advice, and educate them, thereby influencing their thinking- Limited InformationThey often did not know what was going on at other parts of the world except as they were toldAlso, very few literatures available

Use the football Example- Premiership in the 80s and now.

4 2010 Profiliant Development Resources Limited. All rights reserved.The Solution Selling Program: Participant Handout

And Now.?Companies worldwide are finding they must either convincingly justify their prices or differentiate themselves with some kind of perceived recognizable value. Today the world is flat..Customers have unprecedented access to what is going on around themThey can be quite as knowledgeable and often even more knowledgeable than the vendorsSo what if the world is really flat.how do we then deal with the challenges arising out of such?

How is your products and services different from that of competitors? Commoditization Easier entry, in turn, means that all goods and services become commoditized.Businesses say that its tougher and tougher to differentiate themselves not just from their serious rivals, but from everybody else in the game.

Almost literally overnight, markets can be eroded with new players, or even old players with new products. And unlike the past, when it took years for newcomers to ramp up to serious-threat level, many contenders enter the game on essentially equal footing.

The reason: Customers and prospects no longer see an individual companys value.

Clients tell us they hear arguments like this all the time:

-Your products and services are indistinguishable from those offered by your lower-cost competitor, so your prices should match your competitors prices as well. 2010 Profiliant Development Resources Limited. All rights reserved.The Solution Selling Program: Participant HandoutTechnology is always evolving, and companies, not just search companies, cant be afraid to take advantage of change.-Eric Schimdt

The use of technology as an integral and key element in the transformation of goods or services. Randall StrossWhat is TechnopreneurshipDefinitionTechnopreneurshipis the Result of uniting Technology with EntrepreneurshipThis is not just the effect of technology on businesses but rather the process where progression in the lives of the people happens. It is the process of using the developments brought about by specialized knowledge to come up with innovations in all the aspects of human life with the aid of a creative and skillful mind. Birth of this field provides every entrepreneur a challenge of exploring an untraveled path towards greater success.In this generation, one factor that greatly influences the lives of people is technology. Everything under the sun must cope up with the changes created by this shape-shifting factor, even the businesses. Whether they see these developments as a challenge to surpass or as an opportunity to expand their venture, they just cant eliminate the fact that they should ride along with its trends.

Obviously, the termtechnopreneurshipwas coined from the words technology and entrepreneurship. It was first used in the year 1987 but gained popularity due to the wide use of the internet during the second millennium. There are various definitions of that word, depending on the individual giving meaning to it. From the most technical to the most sentimental and even the weirdest definition of the term, you have it all.9Technopreneurshipcan be defined as..Integration of Technology, Innovation and EntrepreneurshipAct of turning something into a resource of high value by converting good ideas into business ventures that relies heavily on the application of human knowledge for practical purposes.Entrepreneurship in the field of technology.Firms in which technology plays a critical role in their operations.Process of engineering the future of an individual, an organization or a nation.

Definition Continues.Application of the newest inventions and advancements in coming out with new and innovative products through the process of dissemination.Manufacturing of hi-tech products or making use of hi technology to deliver product to consumers.Exhaustive use of and Exploitation of technology in making profit.

Some Thoughts from Definition- The Meruvian Roadmap

Who Has Been?Steve JobsBill Gates

Who has Been..?Mark ZuckerbergSergey Brin and Larry Page

Ideas on technopreneurshipKey IdeasDiscovering GapsSeeking and Creating OpportunitiesWhat do you See?Problem or a Challenge?

Always Distinguish Between Risk and UncertaintyUncertainty is an opportunity for Innovation

Opportunities Abound, See or Create them

Knowing and Leveraging your StrengthsAreas of ExpertizeWhat comes to you NaturallyAreas you can Leverage in a SynergySkills, Knowledge, Proven Abilities

Defining and Assembling Your AudienceDefine your MarketSegment your AudienceAssemble the Audience and Target the Share of MindCreate Top of Mind Awareness

Developing a Viable Business Model

Monetizing your CreationRevenue ModelsSubscriptionAdvertisingOutright SalesSales and Service

Funding your ideasVarious Possible Funding ModelsFinal ThoughtsIf you really want it, youll find a way If you dont, youll find an excuse!- Jim Rohn

If I had asked people what they wanted, they would have said faster horses.-Henry Ford

Merci De Votre Attention