Corporate

Entrepreneurship and
technopreneur

LOGO
 Objectives

§
To have a better understanding on the
concept of corporate entrepreneurship
and technopreneur

§
To apply the concept in organization
development

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Corporate Entrepreneur

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Corporate Entrepreneur

ü Entrepreneurship within an existing business

structure
ü Also known as corporate venturing/ intrapreneur
ü The term was coined by Gifford Pinchott in 1985
ü Capitalize on the existing financial resources,
business skills, the marketing and distribution
systems of organization to commercialize
innovation successfully.
ü To address innovation issue and attaining
competitive advantage

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Forms of corporate entrepreneurship

Ø
Administrative
Ø
Opportunistic
Ø
Imitative
Ø
Acquisitive
Ø
Incubative
Ø
New strategic direction
Ø
Initiative from below
Ø
Autonomous business creation

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Functions of corporate entrepreneurship

Ensure the sustainability and competitiveness of the business

success

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
e
entrepre
●
Resou neurship
climate
rces
availa
ble
and
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No access ●
Organizati
opp ible on
ort operates
uni on frontier
ty ● of
par F N
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technolog
am a e y
Tria
ete i w Prof Habshah Bakar
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l l id
Climate for corporate entrepreneurship

Corporate
entrepreneur
ship climate
●
Suppo
rt of
top
mana
geme
●
Sponsors ●
Multidiscip
nt
and linary
champio teamwork
ns approach
available
●
Appro ●
Lo
priate ng
rewar ●
V ti Prof Habshah Bakar
Assoc
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d o m
Pre-requisite for developing corporate
entrepreneurial 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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 Technopreneur

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 Technopreneur
Entrepreneurs They To enhance the
who has the apply quality, quantity
expertise and science and to speed up the
capability of and process of
acquiring high technol producing a product
technology and ogy as or giving services
sophistication in their through the
developing their competi introduction of
business. tive innovative method
advanta
ge

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 Types of technopreneurs

ü
Biotechnology
ü
Agrotechnology
ü
ICT
ü
Automative
ü
Space exploration

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 The Biotechnology Quest
§
The use of micro organisms such as
bacteria or yeast, or biological substances,
such as enzymes to perform specific
industrial or manufacturing processes
§
Application include the production of
certain drugs, synthetic hormones and
bulk foodstuffs as well as the
bioconversion of organic waste and the
use of genetically altered bacteria in the
cleanup of oil spills

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9 thrust in the National Biotechnology
Policy (NBP)
ü Thrust 1: Agriculture Biotechnology Development – transform and
enhance value creation of the agriculture sector through biotechnology

ü Thrust 2: Healthcare Biotechnology Development – capitalise on the

strength of biodiversity to commercialise discoveries in natural products
as well as position Malaysia in bio-generics market

ü Thrust 3: Industrial Biotechnology Development – ensure growth

opportunities in the application of advanced bio-processing and bio-
manufacturing technologies

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

Excellence in existing or new institutions, to bring together
multidisciplinary research teams in coordinated research and
commercialisation initiative. Accelerate technology development via
strategic acquisitions

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ü
Thrust 5: Human Capital Development – build the nation’s
biotech human resource capability in line with market
needs through special schemes, programmes and training.

ü
Thrust 6: Financial Infrastructure Development – apply
competitive “lab to market” funding and incentives to
promote committed participation of academia, the private
sector as well as government-linked companies.
Implement sufficient exit mechanism for investment in
biotech

ü
Thrust 7: Legislative and Regulatory Framework
Development – create an enabling environment through
continous reviews of the country’s regulatory framework
and procedures in line with global standards and best
practices. Develop a strong intellectual property
protection regime to support R&D and commercialisation
efforts
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ü
Thrust 8: Strategic Positioning – establish a global marketing
strategy to build brand recognition for Malaysian Biotech and
benchmark progress. Establish Malaysia as a centre for
Contract Research Organisation and Contract Manufacturing
Organisation

ü
Thrust 9: Government Commitment – establish a dedicated
and professional implementation agency overseeing the
development of Malaysia’s biotech industry, under the aegis
of the Prime Minister and relevant government ministries.

Source: www.mosti.gov.my

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 What are Malaysian resources?

Ø
Flora – 12,500 species of flowering plants and more than
1,100 species of ferns

Ø
Malaysian marine ecosystem – one of the rich

Ø
Research centres – the universities and private labs

Ø
Commitment seen from the establishment of BioValley and
a fund of RM100 M for the establishment of agro-
biotechnology, pharmaceutical and nutraceutical, and
molecular biology institutes

Ø
Targeted to attract 150 biotech companies to invest in
Malaysia

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 Agrotechnology
Ø Incorporation of technology in agriculture sector
Ø Efficient use of water, land and human labor,
accompanied by record yields of high-quality
products.
Ø Development of “green” fruit, grown with minimal
use of chemicals to avoid interfering with the
ecosystem or harming the environment.
Ø Close cooperation between the R&D and the
industry
Ø The development of a market oriented agro-
business, that exports agro-technology solutions
world wide

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 MARDI

Ø
Malaysian Agriculture Research and
Development Institute (MARDI) is an agency
responsible to develop technology in agriculture

Ø
To create, inovate, transfer and apply
knowledge, competencies and services to
transform the national food, agriculture and
bio-based industries towards increased
commercialtisation and competitivenes

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 Activities

Ø
Technology development to enhance competitiveness in
the food processing industry
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Technology development in the production of fruits,
vegetables, flowers, cereals and others related to the
crop industry
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Technology development related to the livestock industry
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Technology development in biotechnology, mechanisation
as well as resource and environment management
Ø
Sosio-economic studies and technology management for
the food and agriculture industries
Ø
Transfer of technologies and commercialisation to
improve agriculture productivity and food quality, as well
as to create viable agri-businesses

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 Technopreneurs in ICT

Based on application of technology in information and

communication using hardware and software of
computer
Development of software, syatem, communication
system development, cellphone
Make it easy to access information and to help in
learning process
Eg developing a system that made it easy to access the
dictionary, the prayer time, tracing application, pre
election information, e-wallet, e-government, e-
auction, e-supermarket
Animation
Security – CCTV, biometrics

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http://technopreneurdevelopment.net.my/cms/AllProduct.asp?C
a website that provide info for entrepreneurs in Malaysia’s
ICT 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 Growth
Why Is Venture Capital Needed?
What Is The Current State Of The Venture Capital Industry In
Malaysia?
What Do Venture Capitalists Look For?
How Do I Approach A Venture Capitalist?

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§
Automotive – Usage of technology in the
production 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 of
the Malaysia Aerospace Industry” designed as
guideline for the aerospace technology
development
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Challenges in developing technopreneurs

§ Development of the product or technology

takes time
§ Support and financial assistance needed to
develop 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

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