Third/Final Blog {Entrepreneurial Mind}
 “ To learn, you have to listen. To improve, you have to try.” -Thomas Jefferson.
On the 19th day of April 2023, a program of lecture series 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 had 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, and they mark as protection 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 details 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 an aspiring student to a successful entrepreneur.
This lecture had a huge relevance and significance, especially that 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 potentials and possibilities of becoming successful entrepreneurs. With this thought in mind, most students has 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 startups 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 strengthen, promote, and develop 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 was 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 is 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 on, 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.
Personally, I think that our start was really rough but then through our group effort and our willingness to generate an idea which could benefit our target customers which are the CMUANS, we were able to create an amazing idea. Though it would be really challenging to actualize the idea knowing that it would require a lot of financing. But I do hope that we would be able to achieve what our group would want to achieve in this entrepreneurial journey of ours.













