Professional Documents
Culture Documents
TECHNOLOGY ENTREPRENEURSHIP
(ENT600)
OVERVIEW
A technology venture blueprint is a document that details out what a business wants to
accomplish with its new technology product. It is a detailed road map used to convert ideas
and visions into a real and functioning product that is profitable and viable for the business
to market.
INSTRUCTIONS
1. This is a group project and the students are required to form groups comprising of
4 - 5 MEMBERS ONLY.
2. Each group needs to choose and write one viable business idea (product or
service).
3. The group needs to write and present final report blueprint using the given format.
4. Use Times New Roman 12 or Arial 11 with 1.5 spacing for written blueprint report.
5. The report must be submitted on or before ______________. Failure to do so will
jeopardize the student’s grade for this subject.
1. COVER PAGE
ENT600
TECHNOLOGY BLUEPRINT
Faculty :
Program Code :
Group :
Course :
Semester :
Group Name :
Group Members :
Submitted to:
2. TABLE OF CONTENTS
Page Number
Contents
8.0 CONCLUSION 28
9.0 APPENDICES 29
BLUEPRINT OUTLINE
Note:
Before you begin writing within this section make sure that you have done some research.
Blueprint research helps you make informed decisions and create a successful direction for
your blueprint.
1. EXECUTIVE SUMMARY
The executive summary is usually short and concise. It is usually prepared after the
other sections of the blueprint are completed.
2.2 Discuss the application of the product or service and describe the primary end
use as well any significant secondary applications.
2.3. Emphasize any unique features of the product or service and how these will
create or add significant value; also, highlight any differences between what is
currently on the market and what you will offer that will account for your market
penetration.
2.4. Give a computer image or hand drawn photograph or picture of the product.
2.5. Describe any intellectual property or other proprietary features of the product or
service.
2.6. Discuss any opportunities for the expansion of the product line or the
development of related product or service.
3. TECHNOLOGY DESCRIPTION
Using the computer image or hand drawn photograph, identify the key components
of the product. Give a description and specifications of the key components. If
relevant, the followings can be highlighted - the intellectual property involved,
specialized knowledge, experience and skills involved and regulations that may
govern the use of the technology to deliver the product/service.
Information in this section needs to support the assertion that the venture can capture
a substantial market in growing industry and stand up to the competition. Because of
the importance of market analysis and the critical dependence of other parts of the
blueprint for this information, you are advised to prepare this section first.
4.1. Customers
Who are the customers – can be based on demographic factors and/or other
factors – geographic/ psychographic/ behavioral.
Examples:
• Households
• University/college students
• Female workers
Where:
• country/region
Estimate the market size for the proposed innovation. Give an estimation in
units or Ringgit Malaysia (RM)
Example:
• Example:
• Discuss the major factors affecting the market growth (e.g. industry
trends, socioeconomic trends, government policy, and population
shifts)
Estimate the percentage of market share of the market size in units or Ringgit.
The amount in Ringgit is the sales forecast; or the market commercialization
value for new technology product.
There are four important components of marketing strategy. They are called
the 4 Ps (also known as marketing mix) – product, price, place (distribution)
and promotion. Poor strategies regarding even one of the 4 Ps can lead to
business failure
The followings are common price strategy used to determine pricing for a
product/service
Cost-plus pricing – selling price is determined by adding a desired
amount/percentage of mark-up
Competitive pricing - set price based on competitors’ price
Value-based pricing – price is set based on how people perceive the
product and the price they are willing to pay for the product
Distribution strategy is the strategy used to guide a firm’s presence or entry into its
intended market. Considerations include the distribution channel, the degree of
market coverage, and the selection of the best modes of transportation
5. MANAGEMENT TEAM
This section includes a description of the key management personnel and their
primary duties and responsibilities. If relevant, include ownership position, amount
invested and salary. Indicate the support services that will be required, such as
experts from other disciplines and advisors - legal, accounting, advertising, consulting,
and banking advisors
a. For each key person, describe the background and working experiences.
b. Describe the exact duties and responsibilities of each of the key members of
the management team.
a. State the salary to be paid, the share ownership planned, and the amount of
equity investment (if any) of each key member of the management team.
Names & Positions Monthly salary Share of ownership Amount of Equity Invested
6. FINANCIAL PLAN
Sound financial management is one of the best ways for the business venture to
remain profitable and solvent. In this section think through some of the general issues
you will have to address in your formal business plan.
Estimate the costs incurred in conjunction with one-time activities that the venture
undertakes when it opens a new facility, introduces a new product or service,
conducts business in a new territory or with a new class of customer or beneficiary,
initiates a new process in an existing facility or commences some new operation after
considerable research and discussion.
Working capital represents the amount of initial expenditure required to finance the
daily operation until the business gets its first sale. The amount of working capital is
therefore dependent upon the period until the firm can generate enough sales to
cover its short-term expenditure.
Total start-up capital incorporates both start-up cost and working capital needed to
start a project. The most common source of finance for new venture is the
entrepreneur’s own equity contribution. The equity contribution can be in the form of
cash or assets. The next most common source of finance is term loan. This is a form
of long term financing offered by most commercial banks. The term loan can be used
to finance fixed assets as well as working capital requirements. The interest rate and
the loan period depend on the current interest rate and the amount of loan required
respectively.
7. PROJECT MILESTONES
Activities Deadlines
8. CONCLUSION
End with a brief conclusion and the next step of action to be taken. The conclusion
can include the entrepreneur’s decision on how to proceed next. It can be a statement
providing viability of the proposal business and seeking grants or loan approval.
9. APPENDICES
Attach any material that does nots easily fit into the body of a blueprint such as:
Resumes of the top management team members.
Photos or diagrams of product or prototype
All charts, financials, visuals, and other related items can be placed here and
referenced in the report.
Market research projections.