CS5263: IT

1
CS5263 IT Entrepreneurship Semester II
2002-2003 30 Jan 2003 Week 4
Week 4

• School of Computing
• National University of Singapore
• Lecturer Associate Professor Francis Yeoh
  (francis_at_gdis.com.sg)
• Co-ordinator/Tutor Mr Koh Chung Haur
  (kohch_at_comp.nus.edu.sg)

2
Visionary vs Entrepreneur

• Heres the difference between a visionary and an
  entrepreneur. Both have visions, which are a
  dime a dozen. But an entrepreneur has, in
  addition to visions, plans. In addition to
  plans, actions.
• - Bob Metcalfe, founder of 3Com

3
Definition of Entrepreneur

• In Latin
• entre enter
• pre before
• neur nerve centre
• An entrepreneur is someone who enters a business
  any business in time to form or change
  substantially that businesss nerve centre
• - Lloyd E Shefsky, Entrepreneurs are made, not
  born 1994

4
Entrepreneurial Ventures vs Small Businesses

• Entrepreneurial ventures
• Are driven by opportunity
• Focus on innovation
• Create new value by shaking up the marketplace
• Seek high growth
• Small lifestyle businesses are generally
  started to provide an income. They tend to
  remain small and geographically bound. Examples
  are the corner provision shop, café, pizza
  parlour, consultant company.

5
Class Admin

• Attendance taking
• Register will be passed around during the class,
  please mark your attendance
• If you are not present for particular classes,
  pls indicate a reason
• Online Class discussion
• Create a Yahoo Group to share your ideas and
  views with one another?
• Forming Project Teams
• 10 teams of 9-10 members each, with 1 contact
  person
• For business plan project, suggest forming 2
  sub-teams to prepare then submit the better plan

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CS5263 IT Entrepreneurship
Grading Structure
30
30
40
7
Contribution to Class Discussion

• Grading (30) will be based on
• Clarity of communication
• Soundness of argument
• Quality of content (not quantity)
• Response to cold calls
• Special bonus given for very innovative ideas or
  very original insights

8
Individual Assignments

• Graded assignments make up 30 of total course
  grade
• There will be 3 such assignments, each carries
  10
• These are to be done by those not assigned to
  prepare for the sessions with invited guests
• Each is a 300-500 word response to a particular
  report or paper
• The response could be a disagreement with some
  concept, expansion of some ideas raised,
  illustration from personal experience or any
  thing worth mentioning
• Submissions will be graded on
• Insightfulness of thought
• Originality of ideas or concepts raised
• Soundness of argument in support of thesis
• Clarity of communication
• Penalties to be incurred for
• Late submissions (-2)
• Plagiarisation (-10)
• Submissions which are too short or too long (-2)

9
Individual Assignment 1

• Give a 300-500 word response to the
  Technopreneurship 21 plan, from the perspective
  of ONE of the following
• An entrepreneur
• A businessman
• A policy maker
• Response could be a critique of some aspects of
  the paper, expansion of the ideas raised,
  illustration from personal experience or any
  thing worth raising
• Assignment to be submitted by 6 pm Thursday 6 Feb
  to Koh CH
• For ease of grading, hard copies (typed) to be
  handed up
• Responses to be discussed in class 1-2 weeks
  after submission

10
Team Assignment

• 4 teams will be picked to host 1 invited guest
  each
• Each team is required to
• Carry out background research on the guest and
  his company
• Take care of all admin arrangements for the guest
• Present the research to the class prior to the
  arrival of the guest (15 mins)
• Host the 1 hour QA session that follows
• Prepare present a gift to the guest (worth
  about 50)
• Summarise the lessons learnt in a slide
  presentation to the class the following week (15
  mins)
• A grade will be given for the entire team (30 of
  total grade)
• Presentation slides to class before and after
  session to be submitted for grading
• Grading will take into consideration
• How well arrangements were made
• Quality of the findings and presentation to the
  class

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Team Project Concept

• The class will be divided into 10 teams
• Team members will assume the roles of founders of
  a start-up company CEO, CTO, CFO, VP
  Engineering, VP Marketing etc.
• Each team will develop a business plan, a set of
  presentation foils and a 2 minute elevator pitch
• Each team will make a 12/15 presentation a 2
  min elevator pitch to the class
• The business plan presentation slides are to be
  submitted for grading

12
Team Project Grading

• Team project will make up 40 of total course
  grade
• Grading will be based on
• Quality of the business plan (15)
• Quality of the presentation slides (10)
• Effectiveness of class presentation (10)
• Effectiveness of elevator pitch (5)
• Business Plan must not exceed 50 pages, excluding
  annexes
• Presentation slides to be limited to no more than
  12
• Class presentation and elevator pitch will be
  assessed by the class
• A single grade will be given to the team

13
Course Outline
Updated 30 Jan 2003
14
Invited Guests

• Ng Kai Wa 20 Feb
• Co-founder Creative Technology
• Chairman CEO, Innomedia Pte Ltd
• Dr Foong Wai Keong 6 Mar
• CEO, Ecquaria Pte Ltd
• Dr Tan Eng Siong 13 Mar
• Founder, Thirdvoice Inc
• Ms Florence Tay 20 Mar
• Group CEO, LKN-Primefield
• Ex-woman entrepreneur of the year

15
Four Pillars of Innovation

• Risk aware capital
• High tech infrastructure
• A creative idea that serves a pressing human need
• Passion-oriented entrepreneurial culture
• Michael Dertuozos,MIT Lab for Computer Science
  1999

16
Technopreneurship 21

• National Science Technology Board
• Singapore 1999

17
Discussion on T21

• What is the most impactful result of T21?
• With the benefit of hindsight, what should have
  been done differently?

18
The Entrepreneurship Internationalisation
Sub-Committee (EISC)Report

• 13 Sep 2002

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Media Coverage of EISC Recommendations

• Private equity exchange, like Londons OF-EX with
  tax deduction for capital losses to improve
  access to capital
• Freeing up capital in the economy tapping from
  CPF
• Tax breaks tax holidays, waiver of estate
  duties, lower tax on options
• Attract global entrepreneurial talent
• Overhaul licensing environment
• Government agencies GLCs not to compete with
  private sector

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Discussion on EISC Report

• Which are the recommendations that are going to
  make the most difference? Why?
• Has the report covered every important area?
  Anything missing?
• Assuming all the recommendations are implemented,
  do you think Singapore would be like Silicon
  Valley?
• Assuming you want to start an entrepreneurial
  venture in Singapore, what are the 3 greatest
  obstacles that you will face?

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Readings for Week 5

• Peter Drucker, Innovation Entrepreneurship
• Chapter 11 Principles of Innovation
• Everything starts with a Vision Speech by
  Kwek Leng Beng , Jul 2002
• Business Plan examples at
• www.startupweb.com
• www.bus.colorado.edu
• Consider participating in Business Plan
  Competition at
• www.startup.org.sg
• (closing date for executive summary submission
  17 Feb)