The Technopreneurship Formula: Promoting Alternative Career Pathways for TVET Graduates

2. The Technopreneurship Formula: Promoting Alternative Career Pathways for TVET Graduates The MinTVET Approach By: ROBERT C. BASTILLO

3. Why ENTREPRENEURSHIP as a career pathway?

4. TVET and CHED Enrolment (1994-2009) CHED TVET 1994 2009

5. TVET and CHED Graduates (1994-2009) TVET 1994 2009

6. TVET STATISTICS, 1994-2009 TVET graduates : 13.5 Million Persons assessed: 3.0 Million Persons certified: 2.5 Million TVET graduates employed: 1.5 Million Absorption rate: 11.11 % SOURCE: CAO-TESDA

7. REPUBLIC ACT NO. 7796“TESDA Act of 1994” • SEC. 23. Administration of Training Programs. - The Authority shall design and administer training  programs and schemes the will develop the capabilities of public and private institutions to provide  quality and cost-effective technical education and skills development and related opportunities. Such  training programs and schemes shall include teacher's trainors' training, skills training for entrepreneur development and technology development, cost-effective training in occupational trades and related   fields of employment, and value development as an integral component of all skills training programs.

8. ENTREPRENEURSHIP TESDA Strategic Directions 2011-2016

9. NTESDP 2011-2016 Technical Vocational Education and Training for • EMPLOYMENT • SELF-EMPLOYMENT/ ENTREPRENEURSHIP

10. What is Technopreneurship? • Technopreneurship is entrepreneurship that combines Technical Training (as the springboard) and Entrepreneurship Training (as the finisher) to ensure overall competitiveness and success. • The technical training must produce a set of competencies that are certified, (or must lead to a qualification, specifically NCII) • Certification is an assurance of quality of products or services that could be produced • Quality is the minimum requirement for a product or service to be competitive

11. What is Technopreneurship? • Entrepreneurship training ensures the success of a business venture that sells a product or service produced by someone who is certified. • It provides practical and applied tools for determining the potential size of the business, the specific attributes of the products or services to be produced, their detailed costs and prices, and their acceptability and marketability, given competitors in the market.

12. What is Technopreneurship? • The resulting product or service is one that conforms to or exceeds quality standards and is acceptable (or desired), and sellable. • While quality standards are seen from the technical point of view, acceptability is from the customers point of view and sellability is from the total market point of view.

13. What is Technopreneurship? • In other words, it is not enough that a product or service is of good quality. It has to be perceived as possessing the attributes and characteristics that the consumers are looking for, and that they must be priced, packaged, and made available in a way that makes them irresistible or easy to buy. • Technical training alone is not enough. • Entrepreneurship training alone is not enough.

14. What is Techno-preneurship? + Technical Training Entrepreneurship Training = Techno-preneurship

15. Therefore: Technical Training + Entrepreneurship Training = SUCCESS

16. The MINTVET Formula The MINTVET TECHNOPRENEURSHIP PROGRAM Guarantees Success!

17. The MINTVET Formula • Business set-up is part of the Techno-preneurship Training Program • The school becomes the Incubation Facility for the business enterprises of students • Training is completed only upon the successful set-up of the business enterprise outside of the school premises • Students are linked to funding sources (micro-finance institutions, banks and equity partners) • Curriculum is applied, hands on, practitioner oriented, and market based

18. The MINTVET Formula • Technical Training and Entrepreneurship Training are not two separate training segments but are integrally linked phases in a continuum • Some entrepreneurship topics start during the technical training phase • For instance, Product Development starts during the Technical Phase but is fine tuned and completed during the Entrepreneurship Phase • during Technical Training, the student selects a particular product or service; during Entrep Training, the attributes of this product are fine tuned based on rapid market research.

19. The MINTVET Formula • Technical training leading to a qualification enables students to produce products and services that are of high quality; entrepreneurship training makes them focus on specific products or services and fine tune them according to market demands

20. TRAINING FLOW PHASE 1 PHASE 2 TECHNICAL TRAINING Training on core, common & basic competencies required for qualification Introduction to Entrepreneurship Product/Service Selection TECHNOPRENEURSHIP TRAINING Opportunity Seeking Product Development Product Costing, Pricing & Breakeven 4. Sales & Promotions 5. Test Marketing and Soft Launch 6. Accounting, Bookeeping & Fin. Mgt 7. Supervision & Mgt. 8. Business Set-Up Assessment Certification

21. 5-YEAR TARGETS TECHNOPRENEURSHIP PROGRAM 2011

22. CHILI SAUCE

23. CALAMANSI MARMALADE

24. MOBILE COFFEETarpaulin

25. MOBILE COFFEEFlyer

26. WHITENINGSOAPTarpaulin

27. WHITENINGSOAPFlyers

28. THANK YOU

29. Technopreneurship Program Design Part 2 Entrepreneurship Training and Business Incubation

30. Module 1 – Opportunity Seeking(40 hours) • Demand and Supply Analysis • Competitive Analysis • Pre-feasibility Assessment • Initial Cost and Returns Analysis • Investment Requirement Estimates

31. Module 2 –Product Development(80 hours) • Product Research and Concept Development • Prototype and Process Development • Product Testing • Product Finalization

32. Module 3 – Costing, Pricing and Breakeven Analysis (40 hours) • Product Costing • Cost Allocation • Cost- based Pricing • Pricing Research • Market Based Pricing • Variable and Fixed Costs • Breakeven Analysis

33. Module 4 – Sales and Promotions (40 hours) • Sales and Negotiation Techniques • Promotions Techniques • Communication and Advertising • Production of Marketing and Promotional Collaterals

34. Module 5 – Test Marketing and Soft Launch (160 hours) • Order Solicitation/Taking • Production of Initial Stocks • Sales Monitoring and Re-order Taking • Assessment of Sales Performance

35. Module 6 – Accounting, Bookeeping and Financial Management (40 hours) • Bookkeeping • Preparation of Financial Statements • Analysis and Management of Financial Statements • Financial Monitoring and Control • Taxation

36. Module 7 – Supervision and Management (24 hours) • Hiring and Staffing • Directing and Supervising • Managing Performance • Team Building

37. Module 8 – Business Set-Up (200 hours) • Finalization of Investment Requirement • Preparation of Business Plan • Legal aspects of business set-up and operation • Business Registration • Financing • Procurement of Assets and Working Capital

38. Program Schedule (In Weeks)