the technopreneurship formula: promoting alternative career pathways for tvet graduates
DESCRIPTION
10th HRSD SUMMIT July 20-22,2011, General Santos CityThe Technopreneurship Formula: Promoting Alternative Career Pathways for TVET GraduatesThe MinTVET ApproachBy: ROBERT C. BASTILLOTRANSCRIPT
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The Technopreneurship Formula: Promoting Alternative Career Pathways for TVET Graduates
The MinTVET Approach
By:ROBERT C. BASTILLO
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Why
ENTREPRENEURSHIP
as a career pathway?
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TVET and CHED Enrolment TVET and CHED Enrolment (1994-2009)(1994-2009)
CHED
TVET
1994 2009
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TVET and CHED Graduates (1994-2009)TVET and CHED Graduates (1994-2009)
TVET
20091994
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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 %11.11 %
SOURCE: CAO-TESDA
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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.
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TESDA Strategic Directions 2011-2016
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NTESDP 2011-2016
Technical Vocational Education and Training for
1.EMPLOYMENT
2. SELF-EMPLOYMENT/ ENTREPRENEURSHIP
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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
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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.
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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.
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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.
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What is Techno-preneurship?
Technical Training Entrepreneurship Training
+
=Techno-preneurship
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Therefore:
Technical Training +
Entrepreneurship Training=
SUCCESS
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The MINTVET Formula
The MINTVET TECHNOPRENEURSHIP PROGRAM
Guarantees Success!
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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
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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.
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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
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PHASE 1 PHASE 2TECHNICAL TRAINING
1. Training on core, common & basic competencies required for qualification2. Introduction to Entrepreneurship3. Product/Service Selection
TECHNOPRENEURSHIP TRAINING
1. Opportunity Seeking2. Product
Development3. Product Costing, Pricing & Breakeven4. Sales & Promotions5. Test Marketing and
Soft Launch6. Accounting, Bookeeping & Fin.
Mgt7. Supervision & Mgt. 8. Business Set-Up
Assessment
Certification
TRAINING FLOW
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TECHNOPRENEURSHIP PROGRAM 2011
YEARNO. OF
TECHNOPNO. OF
CHAMPIONS
2011 1,000 34
2012 2,000 40
2013 4,000 56
2014 7,000 79
2015 10,000 119
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CHILI SAUCE
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CALAMANSI MARMALADE
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MOBILE COFFEE
Tarpaulin
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MOBILE COFFEE
Flyer
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WHITENINGSOAP
Tarpaulin
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WHITENINGSOAP
Flyers
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THANK YOU
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Part 2 Entrepreneurship Training and Business
Incubation
Technopreneurship Program Technopreneurship Program DesignDesign
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A. Demand and Supply AnalysisB. Competitive AnalysisC. Pre-feasibility AssessmentD. Initial Cost and Returns AnalysisE. Investment Requirement Estimates
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A. Product Research and Concept DevelopmentB. Prototype and Process DevelopmentC. Product TestingD. Product Finalization
Module 2 –Product Development(80 hours)
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A. Product CostingB. Cost AllocationC. Cost- based PricingD. Pricing ResearchE. Market Based PricingF. Variable and Fixed CostsG. Breakeven Analysis
Module 3 – Costing, Pricing and Breakeven Analysis (40 hours)
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A. Sales and Negotiation TechniquesB. Promotions TechniquesC. Communication and AdvertisingD. Production of Marketing and Promotional
Collaterals
Module 4 – Sales and Promotions (40 hours)
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A. Order Solicitation/TakingB. Production of Initial StocksC. Sales Monitoring and Re-order TakingD. Assessment of Sales Performance
Module 5 – Test Marketing and Soft Launch (160 hours)
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A. BookkeepingB. Preparation of Financial StatementsC. Analysis and Management of Financial
StatementsD. Financial Monitoring and ControlE. Taxation
Module 6 – Accounting, Bookeeping and Financial Management (40 hours)
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A. Hiring and StaffingB. Directing and SupervisingC. Managing PerformanceD. Team Building
Module 7 – Supervision and Management (24 hours)
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A. Finalization of Investment Requirement B. Preparation of Business PlanC. Legal aspects of business set-up and
operationD. Business RegistrationE. FinancingF. Procurement of Assets and Working Capital
Module 8 – Business Set-Up (200 hours)
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Program Schedule (In Weeks)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16Module
1 – Opp. Seeking
2 – Prod.Devt.
3 – CPBE
4 – Sales & Promo
5 – Test Mktng.
6 – ABFM
7 – Sup. & Mgt.
8 – Bus. Set-Up