corporate entrepreneur

8/6/2019 Corporate Entrepreneur

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LOGO

Corporate

Entrepreneurship andtechnopreneur


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Objectives

To have a better understanding on theconcept of corporate entrepreneurshipand technopreneur

To apply the concept in organizationdevelopment

Assoc Prof Habshah Bakar22


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Corporate Entrepreneur



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Corporate Entrepreneur

Entrepreneurship within an existing businessstructure

Also known as corporate venturing/ intrapreneur

The term was coined by Gifford Pinchott in 1985

Capitalize on the existing financial resources,business skills, the marketing and distributionsystems of organization to commercializeinnovation successfully.

To address innovation issue and attaining

competitive advantage



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Functions of corporate entrepreneurship

Ensure the sustainability and competitiveness of the businesssuccess

Enhance the creativity and innovation environment within the

organization

Diversify the business

Incubation for future entrepreneurs



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Climate for corporate entrepreneurship

Corporat

eentrepreneurshipclimate

Organizationoperateson frontieroftechnology

Ne

wid

Trial

Fa

il

Noopportunityparam

ete

Resourcesavaila

bleandaccessible



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Climate for corporate entrepreneurship

Corporate

entrepreneurship climate

Multidisciplinaryteamworkapproach

Long

tim

Vo

Appropriate

reward

Sponsorsandchampionsavailable

Support oftop

management



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Pre-requisite for developing corporateentrepreneurial environment

1.

2.

3. Responsive to opportunities



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Cont

4. Developing the right team

5. Communicating to customers

6. Working on small team



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Cont.

7. Strong support structure

8. Reward system

9.



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LOGO

Technopreneur

Assoc Prof Habshah Bakar 1212


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Technopreneur

Entrepreneurswho has the

expertise andcapability ofacquiring hightechnology and

sophistication indeveloping theirbusiness.

Theyapply

scienceandtechnology as

theircompetitiveadvantage

To enhance thequality, quantity

and to speed up theprocess ofproducing a productor giving services

through theintroduction ofinnovative method



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Types of technopreneurs

Biotechnology Agrotechnology

ICT

Automative

Space exploration



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The Biotechnology Quest

The use of micro organisms such asbacteria or yeast, or biological substances,such as enzymes to perform specificindustrial or manufacturing processes

Application include the production ofcertain drugs, synthetic hormones andbulk foodstuffs as well as thebioconversion of organic waste and theuse of genetically altered bacteria in thecleanup of oil spills



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9 thrust in the National BiotechnologyPolicy (NBP)

Thrust 1: Agriculture Biotechnology Development transform andenhance value creation of the agriculture sector through biotechnology

Thrust 2: Healthcare Biotechnology Development capitalise on thestrength of biodiversity to commercialise discoveries in natural productsas well as position Malaysia in bio-generics market

Thrust 3: Industrial Biotechnology Development ensure growthopportunities in the application of advanced bio-processing and bio-manufacturing technologies

Thrust 4: R&D and Technology Acquisition establish Centre of

Excellence in existing or new institutions, to bring togethermultidisciplinary research teams in coordinated research andcommercialisation initiative. Accelerate technology development viastrategic acquisitions



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Thrust 5: Human Capital Development build the nationsbiotech human resource capability in line with market

needs through special schemes, programmes and training.

Thrust 6: Financial Infrastructure Development applycompetitive lab to market funding and incentives topromote committed participation of academia, the private

sector as well as government-linked companies.Implement sufficient exit mechanism for investment inbiotech

Thrust 7: Legislative and Regulatory Framework

Development create an enabling environment throughcontinous reviews of the countrys regulatory frameworkand procedures in line with global standards and bestpractices. Develop a strong intellectual propertyprotection regime to support R&D and commercialisationefforts



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Thrust 8: Strategic Positioning establish a global marketingstrategy to build brand recognition for Malaysian Biotech andbenchmark progress. Establish Malaysia as a centre forContract Research Organisation and Contract ManufacturingOrganisation

Thrust 9: Government Commitment establish a dedicatedand professional implementation agency overseeing thedevelopment of Malaysias biotech industry, under the aegisof the Prime Minister and relevant government ministries.

Source: www.mosti.gov.my

http://www.mosti.gov.my/http://www.mosti.gov.my/


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What are Malaysian resources?

Flora 12,500 species of flowering plants and more than

1,100 species of ferns

Malaysian marine ecosystem one of the rich

Research centres the universities and private labs

Commitment seen from the establishment of BioValley anda fund of RM100 M for the establishment of agro-biotechnology, pharmaceutical and nutraceutical, and

molecular biology institutes

Targeted to attract 150 biotech companies to invest inMalaysia



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Agrotechnology

Incorporation of technology in agriculture sector

Efficient use of water, land and human labor,accompanied by record yields of high-qualityproducts.

Development of green fruit, grown with minimal

use of chemicals to avoid interfering with theecosystem or harming the environment.

Close cooperation between the R&D and the

industry

The development of a market oriented agro-business, that exports agro-technology solutionsworld wide



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MARDI

Malaysian Agriculture Research andDevelopment Institute (MARDI) is an agencyresponsible to develop technology in agriculture

To create, inovate, transfer and applyknowledge, competencies and services totransform the national food, agriculture andbio-based industries towards increasedcommercialtisation and competitivenes



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Activities

Technology development to enhance competitiveness inthe food processing industry

Technology development in the production of fruits,vegetables, flowers, cereals and others related to thecrop industry

Technology development related to the livestock industry

Technology development in biotechnology, mechanisationas well as resource and environment management

Sosio-economic studies and technology management forthe food and agriculture industries

Transfer of technologies and commercialisation toimprove agriculture productivity and food quality, as wellas to create viable agri-businesses



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Technopreneurs in ICT

Based on application of technology in information andcommunication using hardware and software ofcomputer

Development of software, syatem, communicationsystem development, cellphone

Make it easy to access information and to help inlearning process

Eg developing a system that made it easy to access thedictionary, the prayer time, tracing application, preelection information, e-wallet, e-government, e-auction, e-supermarket

Animation

Security CCTV, biometrics



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http://technopreneurdevelopment.net.my/cms/AllProduct.asp?a website that provide info for entrepreneurs in MalaysiasICT business

What Is Venture Capital?

What Is The Difference Between Venture Capital, Angel Funding,Debt Financing and Grants?

What Are The Various Stages of Company GrowthWhy Is Venture Capital Needed?

What Is The Current State Of The Venture Capital Industry InMalaysia?

What Do Venture Capitalists Look For?

How Do I Approach A Venture Capitalist?

http://technopreneurdevelopment.net.my/cms/AllProduct.asp?CatID=69http://technopreneurdevelopment.net.my/cms/AllProduct.asp?CatID=69


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Automotive Usage of technology in theproduction of cars, motocycles, trucks, 4WD,warfare machineries

Aerospace - satellite (TiungSAT-1, MEASAT-1,

MEASAT-2, development of satellite application,space transportation, space tourism.

The National Blueprint for the Development ofthe Malaysia Aerospace Industry designed asguideline for the aerospace technologydevelopment



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Challenges in developing technopreneurs

Development of the product or technologytakes time

Support and financial assistance needed todevelop the product seed capital provided in

some areas MDeC, Pusat Incubator, MAVCAP. To project the technopreneurs to the

international level

Availability and persistence in developing the

human capital


corporate entrepreneur

Documents