#theentrepeneurialmind

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The Heartbeat of InkPrint VendoPro: Vision Crafting in Motion

Welcome to the latest chapter of our startup adventure!

Step into the vibrant pages of our team's entrepreneurial journey as we delve deeper into the exciting realm of our business startup, "InkPrint VendoPro."

This journal entry invites you to accompany us through the twists and turns of innovation, where convenience and technology intersect to revolutionize the current way in which we approach printing. Our journey began with the meticulous crafting of the Business Model Canvas with each element serving as a stroke on the canvas of our vision. We navigated through the intricacies of market segments, value propositions, revenue streams, and more, all the while shaping a comprehensive blueprint for our path ahead.

The heart of our narrative beats with the creation of our startup product promotion video—an immersive journey into the core of IVP or InkPrint VendoPro. We embraced the creative process from conceptualization to execution, which aims to convey the essence of our innovative vending printing machine that allows Bluetooth connectivity with the simplicity of bill/coin-operated transactions. And as avid learners, we seized the opportunity to enrich our entrepreneurial perceptions through a series of enlightening lecture sessions.

The virtual landscape came alive as our screens connected us with seasoned resource speakers via Zoom meeting and Facebook live last November 15, 2023. We will need a lot more pages just to enumerate all the things we learned from these amazing speakers, so allow us to present their names and topics that they shared:

Dr. Gamaliela A. Dumancas

∆  Intellectual Property Rights and Technology Transfer

We learned that understanding intellectual property and technology transfer is essential for individuals as it empowers them to protect their innovative ideas and creations, fostering a culture of innovation. This knowledge is not only crucial for safeguarding one's intellectual labor but also holds economic significance by enabling individuals to leverage and commercialize their innovations. Moreover, being well-versed in intellectual property rights ensures legal compliance, reducing the risk of unintentional infringement and potential legal consequences. In the context of technology transfer, this knowledge facilitates collaboration and the responsible exchange of knowledge and technology for mutual benefit. For entrepreneurs and businesses, it is instrumental in maintaining a competitive edge, attracting investors, and building a strong brand presence. Overall, a comprehensive understanding of intellectual property and technology transfer is indispensable in navigating the intricacies of the modern knowledge-driven economy and promoting ethical practices.

 Ms. Alice Therese L. Caballeda

∆  Startup Ecosystem

One of the most important things we learn in a startup ecosystem is the function of invention, networking, and cooperation. Often covered subjects include industry trends, funding sources, mentorship, and the function of incubators and accelerators which offer specialized infrastructure, direction, and assistance to help businesses develop and prosper. Building a good team, being scalable, and  familiar with regulatory issues are all essential for effectively navigating the difficulties of a startup ecosystem. It provides resources, networking, mentorship, and funding opportunities, it also encourages creativity, teamwork, and mutual learning, which makes an environment that is favorable for businesses to flourish.

Ms. Doreen Elsie Jane Gersava

∆  Start-Up Journey (VIRTUALAHAN- a visual eskwelahan for disabled persons founded by Mr. Ryan Gersava)

There are several stages in the startup process from ideation to growth. Important lessons we learned include the value of conducting market research, coming up with a workable business plan, getting money, assembling a solid team, responding to input from the market, and remaining resilient in the face of difficulties. We realized that rebuilding from setbacks, challenging ordeals, and tough situations is essential to a successful startup path. And that agility, impeccable decision-making skills, and ongoing learning are all necessary for surviving in the fast-paced world of business.

As we embark on our next journey—the startup promotional video and preparation for our final pitching—their wisdom and experiences became guiding lights, illuminating the path forward and inspiring us to elevate our startup endeavors. Join us on this exhilarating expedition, where every page turns and unfolds new insights, challenges, and triumphs. Together, let's venture into the uncharted territories of business innovation, embracing the spirit of collaboration, learning, and growth

Buckle up—our IVP startup saga is just beginning!

Insights:

As our entrepreneurial mind journey goes longer, it also signifies that we are nearing the end. The past weeks had been a roller coaster of emotions. First we were nervous towards our Business Model Canvas (BMC) pitching, then confused on what we should do for our start up video because not all of us are skilled in editing, and now lastly for our promotion video that needs to be planned carefully and make sure it does attract attention for it to be effective. These events had been a challenge but working as a team made it easier. We have been doing this since the beginning of the semester and I believe we will get through this till the end no matter how hard it may get as long as we are working together. Now that we are nearing the end, I realized that anything is possible as long as you work on it. We started this without any idea what to do, what path we should take, and what venture we should pursue. We were clueless and yet here we are. I am proud of what we have achieved so far and of course I am proud of us.