FINAL BLOG

“ To learn, you have to listen. To improve, you have to try.” -Thomas Jefferson.

On the 19th day of April 2023, a lecture series program that entails valuable knowledge in innovative entrepreneurship was conducted. Different start-up ventures from various learners were proposed this academic year. Hence, to illuminate our inexperienced minds more on this entrepreneurial journey, a total of three resource speakers passionately affirmed to speak and share their informative yet inspiring insights and technical expertise.

The entire lecture series program was initially commenced by Dr. Gamaleila A. Dumancas from the Intellectual Property Technology Business Management Office of Central Mindanao University. Dr. Dumancas prepared the engaging discussion on Intellectual Property Rights and Technology Transfer. Indeed, intellectual property rights protection has a potential economic value for a wide range of assets, whether they are more contemporary or customary. These rights include copyrights, patents, and industrial design rights, which are protections against unlicensed or uncredited copying, manufacturing, or selling. With that being said, the early filing process protects the inventor from business competitors.

From the detailed talk presented by Dr. Dumancas, the team realized that any innovative and practically useful technical solution to a challenge in any area of human endeavor is essential in the field of service mark. Trademarks can be any distinguishing visual symbol that can be used to identify a company's products or services. The duration of its protection can last up to ten years from the filing date. These exclusive rights are not unchangeable, in fact, fair use can be considered a defense to use a portion of someone’s copyrighted work without the need for permission for commentary purposes. The legal defense provided to the owner of the rights to an original work is known as copyright. Owners of copyrights have the sole right to use and reproduce their creations, and the owner should be acknowledged more than only by adding a "CTTO" to the copyrighted item. By registering our trademark, we can be guaranteed the exclusive use of the phrase or emblem and eliminate the chance that our rivals may try to use it against us. The right to sue another firm that misrepresents itself as yours by using your trademark is likewise protected by registration.

The speaker, Dr. Gamaleila A. Dumancas, discussed a wide range of property rights and one thing she emphasized about numerous business owners running is the risk of having their innovations or even start-ups to be simply stolen by more powerful, well-funded competitors if the patent system were not there for protection. Its relatively social institution, which has certain social obligations and is linked to owners' legal rights, is essential for the preservation of economic potential, the protection of intellectual property rights on the market, and the growth of firms towards market success.

In the second half of the program, Professor Sheila Poonon explained in detail the discussion on “Incubating Innovation: Exploring Start-up Opportunities in the Philippines.” Prof. Poonon discussed the Musuan Peak Incubator, which is the center for technology transfer and business incubation of technologies generated in the university. In this lecture, we were notified that this provides support services to incubatees in terms of product commercialization, enterprise development, access to networks, and knowledge transfer, or what we call PEAK. In addition, Dr. Poonon also shared the successful entrepreneurs supported and guided by them, from aspiring students to successful entrepreneurs.

This lecture had a huge relevance and significance, especially since a lot of business-minded students who want to start a business in the future through incubation joined the said lecture series program. It was an overwhelming opportunity that Central Mindanao University is willing to assist those students who have high potential and the possibility of becoming successful entrepreneurs. With this thought in mind, most students have been certainly inspired to dream bigger and work harder to be one of the deserving CMUans supported by them.

Additionally in the lecture series program, it was followed by Ms. Keren Happuch Alampayan Lacadin, another diverse speaker who stated such an inspirational subject matter. She infused us with knowledge regarding the “RAISE, or Raising Awareness and Inspiring the Start-up Ecosystem." Ms. Lacadin began this informative discussion by sharing her “sugilanon" as a taga-bukid girl. We have been informed that she was raised in Quezon, Bukidnon, and she shared her experiences and opportunities with other people in the country. She began freelancing with CONVERGY'S and CONCENTRIX UPWORK from 2009 to 2013, and then launched CLEVERGRIT, a start-up business in 2014. In year 2017, she participated in a start-up weekend in Bukidnon called VXI: Passion for People, and in 2018, she worked with Clevergrit.

RAISE introduces and improves stakeholders' understanding and appreciation of basic startup ideas. It makes available, meaningful, impactful, and needs-based awareness activities that address gaps in the local start-up community. It encourages collaboration among key stakeholders in the start-up ecosystem. She then discussed DICT's and IIDB's roles in the startup community. She also informed us about RA 11337, the Innovative Start-Up Act. The team has learned that we have a Philippine law that encourages new businesses and start-up incentives and focuses on providing benefits and removing constraints to encourage the establishment and operation of innovative new businesses. Certainly, these are critical to the growth and expansion of businesses, as well as to strengthening, promoting, and developing an ecosystem of business, government, and non-government institutions that foster an innovative entrepreneurial culture in the Philippines.

Furthermore, Ms. Lacadin gave us light on the Philippine Startup 7 Challenge, a nationwide annual pitching competition for students and Filipinos to develop new and relevant ICT products and services that can also be profitable economic ventures and help solve social problems. It is remarkable to hear that it offers students the opportunity to develop their entrepreneurial attitude, improve start-up concepts through input from industry practitioners, foster strategic relationships and networks among participants and judges, and generate a pool of start-up founders prioritized for DICT financing and assistance.

What has been emphasized the most to the team was the motto of Ms. Lacadin, saying “No grit, No glory.” This phrase has been implied in our minds that success and achievement come with a cost, and that one must be willing to put in the necessary effort and endure hardships to attain them. It has been suggested that a willingness to push through difficult times, to keep going when others might give up, and to maintain a positive attitude in the face of adversity are essential qualities for success.

As the ending moments of the entrepreneurial mind journey are fast approaching, it has been quite a tough yet meaningful ride to establish a start-up business, especially when the entire team has no prior professional nor practical experience. We have proved this notion when we launched our start-up venture. We had a rocky start in our entrepreneurial adventure because the idea was too complex, too broad, and not too specific to be ventured into, and we are glad that we listened for it is undeniably so true.

Previously, the young entrepreneurs of the Mosqui-Trap venture had undergone the Business Model Canvas presentation, and constructive feedbacks and suggestions received from the highly-respected panel were all accepted and followed. As of the moment, it is still a challenge for the team regarding the concrete breakdown of the fixed and variable costs that the product will require, and so, we do not have the definite price of the Mosqui-Trap for the target market yet. As a team, we are currently persevering with the mindfulness of time to grasp the envisioned plans and outcomes that we have for our start-up business pre-recorded video. Now, it remains a work in progress, and we must act with collective minds to keep up with the final pitching presentation that we will be preparing as we are expected to be.

Now that our entrepreneurial journey is coming to an end, I have come to understand that starting a business or a start-up is not simple. There will be times when your concept will blossom but later be rejected or unable to flourish, but if someone has an entrepreneurial mentality and is willing to move forward, failure is merely the chance to start over, this time more intelligently. Similar to what happened to us, our first start-up was called "tabang," but due to unforeseen circumstances we were unable to push it and now we have a product called "mosqui-trap" as our new start-up. We may stumble once, but we shall get back up stronger. Also, what Ms. Lacadin said, "No grit, No Glory," is true because if you do not move or start your idea, no matter how nice or promising it is, it will remain an idea unless action is taken. Sure, the path may be scary and unknown, but with a little courage and a strong belief in yourself, it can take you to incredible places.

BLOG #2

The past few weeks of February were a rollercoaster ride. Through interviews, the team was able to identify the rampant problems that CMU students had. These prompted the group to have a vision of startup businesses primarily in printing services or in developing a sustainable product for university litters. Nonetheless, the team first suggested the “Tabang” website intervention during the presentation of venture proposals to alleviate the significant student concern of inadequate allowances. Upon taking into account the panel's feedback, the team has firmly decided to switch to a different venture.

In this time and age, the face-to-face conduct of classes has continued. Students from different locations have opted to avail a boarding house or a dormitory for their needed accommodation as they enroll themselves in Central Mindanao University. Despite the comfort of the provided accommodation, the team took the initiative to assess some residents for timely and relevant concerns that they are currently experiencing.

With the team’s passionate attempt of brainstorming ideas from the gathered responses, an idea for another startup business emerged. It is a generated idea of a product that, as a group, we have believed and thought as much more specific, more practical and feasible to venture for the renting students of Central Mindanao University. Upon the conduct of the brainstorming session among the members of this group, we have envisioned paying attention to the prevalent mosquito issue in boarding houses and some college dormitories, as the interviewed renting students of this prestigious university claimed this to be a recurring matter that they experience during their stay.

To validate the to-be-proposed product from our target market, the team has endeavored to conduct another face-to-face interview among the renting students of the university. Prior to the interview, we have hypothesized that all residents in the dormitories and boarding residences around the university experience mosquito-related issues. Another hypothesis made by the team is that all boarding student residents are willing to avail the mosquito trapper product that the group will propose.

The team was able to have a conversation this week through interviews with 28 boarding students who concurred that there is a prevailing existence of mosquitoes in dorms and some boarding residences, which is such a distraction for their studying and most significantly at risk, their health. In line with this, 2 students, particularly from the Mahogany dormitory, hesitated to be potential customers. This enlightened the group that not all dormitories have frequent encounters with mosquitoes, given that windows of some dormitories are enclosed with mesh screens. Nevertheless, 26 of the interviewees, mostly coming from the College Park and Field 1 Residence, have given the affirmation of interest and willingness in purchasing the product as long as it is affordable and true to its claims.

As a result, the team has agreed to push and propose a model that will not use fire and will not emit smoke. It will be a portable, rechargeable mosquito trapper through its suction-capability. The display of a red-orange hue light that researches have tested to be effective in attracting mosquitoes will be its prime feature. The device will attract mosquitoes, which will then be captured for the product’s tray to die. The team also thought of an option in associating the mosquito trapper with a solar power panel to make use of the renewable energy from the sun in times of recharging. Indeed, this will make the product become sustainable, compared to when electricity is the only main source of power. In addition, it is crucial to consider that "katol" may be powerful in eliminating these mosquitoes, however, it is not permitted to be used inside the dorms or boarding residences because once it is left unattended, it could start a fire.

Our previous venture proposal has made us realize that in starting a startup, we should consider different factors. The team should focus on one specific issue that we want to address. Our previous proposal was quite broad and general, therefore we should be more specific. Secondly, we should consider our own limitations and capabilities as students. We discovered that as students, we are constrained and incapable of providing as much because creating something is expensive, and we are not yet competent to do so. Hence, the team must always bear in mind that we need to come up with a startup, which is a rich idea that something small yet scalable at the same time.

As mentioned , as a student we are not really capable of producing a product in terms of financing all the costs covered, however we can provide or generate an idea or a start up plan wherein not only addresses the problems of students but also we as young entrepreneurs can gain profit. Throughout our journey in Entrepreneurship we have encountered challenges and one of them was our first venture proposal was the same with the other group so as a team we decided to change our proposal and came up a portable, rechargeable mosquito trapper through its suction-capability. With that situation I have learned that being flexible and can adjust to any circumstances that may come is essential in making a venture proposal. The fact that , in a short period of time , I was amazed that we manage to switch our proposal from the service called "tabang" to a product named "mosquito trapper". Along the way, I also realized that conducting a face to face interview for validation is much better than interviews done through Google docs and working together can make the work more faster and productive.

DOCUMENTATION

Blog #1

As the recent global health crises gradually became less intense or severe than before, the advent of returning to traditional learning has been practiced nowadays. Professors in universities have conducted face-to-face classes, and students can now attend to learn and continue their education. In line with this, during the first week, the students belonging to this group decided to divide into two portions with the aim of gathering diverse respondents from the premises of Central Mindanao University, including the students, tricycle drivers, and security guards, for a greater range of the encountered problems. The team conducted eight interviews and distributed online surveys regarding their different personal inconveniences, which garnered 82 responses from the people at CMU.

From the gathered data, several issues have been identified that need to be addressed. The team made a few selections, such as creating a venture that primarily focuses on printing services since their stations are distant from college buildings, making it a problem for students. Another choice was to innovate a sustainable product that could help lessen scattered garbage since trash bins are quite limited around the campus. Nonetheless, it can be indicated that the need for allowances among students remains timely and significant in the present time, given the existing inflation in food prices from various markets. As fellow students, we share the same sentiments, hence understanding them, especially since we have fees to pay, daily food expenses to budget, and school necessities to buy. Due to these circumstances, as a team, we attempted to create an intervention to alleviate this relevant concern of students.

To solve these problems, the team devised a website called "Tabang." Tabang is an accessible website for students, faculties, and any residents of the university. It specifically aims to help students earn money while accepting tasks that are posted by either faculty or other students. Students can work and earn money with jobs that are convenient to their schedules, especially since they also have to prioritize good academic performance. The work to be posted on the website is not limited to cleaning assistance; it also includes delivery orders around the university, printing orders, paperwork assistance, and some additional tasks that do not require a professional license to perform. This website will be tested to see if it will be beneficial to the users in alleviating their problems. When it comes to profit, the team has come up with the idea of giving free trials until one successful transaction is made. After that, for the users to obtain continued access to the website, an accompanying two percentage charge for every transaction that follows will be implemented. The team will ask for 2% of both the so-called employer and employee as compensation for our facilitation service in their every successful transaction. We will only ask for 2% to make it friendlier since the main problem for the student users is allowance.

Furthermore, the entire team learned to work in association with each other for this venture. We realized the value of decision-making as a whole, with a concrete aim of achieving our planned ideas and objectives. Consistent efforts must be exerted in both the minds and actions of the group members. Additionally, we also learned that we need to bear in mind that our acts of brainstorming will always lead to a more productive outcome and a widened perspective, resulting in various possible solutions.

Personally, I find it challenging to ask random people of various ages when conducting interviews, especially in-person ones. I've seen that everyone has their own beliefs and viewpoints, and how they perceive and evaluate their surroundings varies. As students, like the majority of those we interviewed, we attempted to comprehend their situation from their point of view which served as our inspiration for developing a solution. We came up with a strategy and suggested a website service called "Tabang" that tries to discover or finds support and offer help and assistance to individuals in need in order to address their main issue, which is the lack of allowances. The fact that the team came up such an idea I am amazed that even a student has a capability to think objectively or make a start-up that can be beneficial to everyone. Moreover, at the end of the things we have done together such as brainstorming, conducting interviews, planning, presenting, as well as writing this blog together I have observed that an individual both has its weakness and strength in specific fields. Knowing the strengths and weaknesses of my other group members helped me to recognize that both my strengths and weaknesses may be the other person's strengths. Throughout the time we spent together, I have seen that we fill each other's shortcomings. Also, there will be a times that the team will be tested by critics and pressure but if we work as one it will always lead to a productive outcome.

Documentation