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Startup Guide to Intellectual Property: Opportunities and Challenges

Importance of IPR: In the rapidly changing world of technology and innovation, understanding IPR is not just a legal requirement; it’s a strategic necessity for businesses. IP rights safeguard innovations, attract investments, and maintain market competitiveness.

Types of IP Rights:

Patents: Protect technical inventions and require novelty, inventiveness, and applicability.

Trademarks: Safeguard brand identity, including logos, names, and even distinct sounds or colors.

Design Rights: Cover aesthetic aspects of products, such as shape, color, and material.

Startups and IP Strategy: A robust IP strategy can attract investors by lowering risks and preserving product uniqueness.  The Importance of Intellectual Property Rights Unveiled Intellectual property refers to creations of the mind, such as inventions, literary works, artistic pieces, designs, and symbols used in commerce. These intangible assets are legally protected by patents, copyrights, and trademarks, allowing individuals and companies to gain recognition or financial benefits from their inventive or creative. Invention Protection A government-issued grant that gives inventors exclusive rights over a product or process for 20 years, allowing them to commercialize their innovations without competition. Technical Solution Patent  Protects technical solutions in any field of human activity. It’s crucial for incremental innovations. Product Design Covers the ornamental or aesthetic aspect of a product, safeguarding its unique appearance for 5 years. Logo Protection These marks protect brand identity and last for 10 years, helping brands maintain market presence. Creative Works  Creations like literary works are protected for the creator’s lifetime plus 50 years, benefiting both creators and their heirs. Insights on Startup Ecosystems Speaker: Keren Happuch A. Lacadin A startup is a project that aims to solve a specific problem in an innovative way. It has the potential for rapid growth and offers unique solutions. Examples include companies like Airbnb and Grab.

Small Medium Enterprises (SMEs) are market-proven businesses with linear growth, while startups are disruptive and experience exponential growth. Startups often use a Business Model Canvas to define their strategy.

A startup ecosystem involves people, startups, and organizations interacting to create new companies. It fosters innovation through physical and virtual connections.

Some key startup statistics include the Global Startup Economy Snapshot, information on highly valued unicorns worldwide, and the best countries for startups (such as Sweden, Norway, and Israel).  The Philippine startup ecosystem is ranked 59th globally and 13th in the Asia-Pacific region. It comprises over 100 startups with a total valuation of $3.05 billion.  The Digital Startup Development and Acceleration Program (DSDAP) includes programs like Scale, Raise, StepUp, the Startup Grant Fund, and the Startup Philippines Website.

Regarding the role of technology, the quote “Technology gives a silent student a voice” highlights how technology empowers innovation and communication.  Analyzing Entrepreneurship Incubation Opportunities Speaker: Glyrhiz Mariel A. Tabamo These efforts are centered on nurturing programs and chances tailored for startups, specifically targeting those in Mindanao and Bukidnon. Entrepreneurial Life Speaker: John Ryan Loyloy Mr. Ryan advised against initiating a business venture, sharing his own struggles as a young entrepreneur. He highlighted the deterrent effect of both inexperience and age-related barriers on potential business collaborations.

Idea Generation: Creating and refining business concepts.

Skill Development: Enhancing relevant skills for business success.

Financing: Securing funds to support business operations.

Building Strong Connections: Networking and forming valuable partnerships.

Lifestyle Adjustments: Adapting personal routines to entrepreneurial demands.

Handling Depression and Rejection: Coping with emotional challenges.

Overcoming Financial Struggles: Dealing with financial obstacles. “Initially, I believed the opposite, but hearing from Sir Ryan and other co-entrepreneurs, I now understand that failure isn’t a reason to abandon our dreams. Instead, it highlights areas where we need to improve. As one participant put it, ‘You fail because that’s life.’ This realization completes my lecture series and motivates me to take risks and pursue my own business someday.” 

Conclusion Comprehending intellectual property rights and maneuvering through startup ecosystems are vital for thriving in today's cutthroat business environment. Authorities stress the significance of strong startup ecosystems and governmental backing. Entrepreneurial experiences highlight resilience, adaptability, and utilizing existing resources.

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Presenting Rider Validation and Marketplace Fees"

Hello, entrepreneurs and people from the Philippines! Despite discovering that I posted a blog entry, I'm happy to be back in touch with you after a month. I'm here to discuss the most recent developments on our recently formed business idea with you, as I'm sure you've been waiting for updates.

Our aim with this validation is to secure agreement from our main partners regarding the commission percentage for our startup business and to validate our other key partner, the motorcycle riders. Our team suggests a 10% commission for both shop owners and riders for every order, distributed on a weekly basis. This is intended to ensure that our riders' earnings are fair, especially considering our startup status. Additionally, we propose setting a daily quota of at least 10 orders to maintain efficiency.

During our validation process, we returned stores that we had already vetted in February to negotiate a 10% commission per order for our company. Sungkab, a karenderia, offers a 5-10% variable fee depending on order size and price, with a minimum compensation of 120 pesos for each order. However, Kobi Kopi agreed to the 10% commission unconditionally.

We also interviewed motorcycle riders, our primary partners, and proposed a 10% commission for every order, five days a week, with a daily quota of ten orders. They accepted the terms and then inquired about exceeding the quota, to which we informed them that more deliveries would result in larger rewards. We suggested giving them a part of the delivery fee as well. The riders advocated being alerted of orders that they could potentially agree on.

Our validation documentation is shown in the photographs above. INSIGHTS: Our objective of recommending a 10% commission to our major partners was achieved. Implementing a quota ensures increased earnings for store owners alongside the commission, while riders benefit from meeting or surpassing daily targets. To enhance communication and decision-making, we'll improve our company's communication system. That's all for today's blog post. Stay safe, EarlBlog readers!

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"Collective Empowerment: Engaging with Community Validation in my Blogging Journey"

Before seeking validation from the community, my team formulated three questions for use in the validation process. The three questions are as follows:

1. Would you want a food delivery service here in CMU?

2. Do you like it if your store will be one of our featured shops in our delivery app?

3. Would you give a priority or separate lane for our delivery riders? Hypothesis: My team would like to see if the stores in the market will agree on the questions we ask before continuing with our validation procedure. If not, we would like to find a solution to convince the shops to agree.

Kape Barato was the first shop which my team validated. Ken was the one who asked the survey questions. According to the shop owner, they would agree on a food delivery service for CMU. She also agreed to feature their shop on our website and offered a priority lane for our delivery riders.

Next is i interviewed the owner of Karenderia for up to five minutes. The owner has answered all of my questions in a positive approach. The owner believes that having an online food delivery service allows them to reach more customers and sell more food or products, which significantly boosts sales.

Kenneth Abellar conducted the following interview in Sungkab, a karenderia. Popular in the industry for its unique plating—in which people eat directly from the pot—Sungkab is a well-known restaurant. Also, the owner said she completely agree with the survey's questions.

Also i am starting making website for this project so that i have more time to think on what to put or what design should i use to make the website more attractive, Also to finish the website or application on time. CONCLUSION: Henceforth, we affirm our progression to the next stage of the validation process, involving a more thorough exploration. The team has opted for a commission-based approach for our venture. Drawing inspiration from the local delivery service, Food Panda, our decision aligns with this model. Negotiations for commission rates with the shops will be a key aspect, and our priority is to ensure equitable compensation for our riders.

The insight gained from the validation process emphasizes the importance of allocating more time for thorough validation. The questions posed seemed somewhat incomplete, with only three questions being asked. I am optimistic that our team will improve in subsequent attempts. Most importantly, I appreciate the unity within our team and hope we can successfully navigate and pass this subject. Looking forward to the next opportunity!