iZone-iHub : Changing the Rules of Startup Assistance

An invention is, more often than not, very slow to transcend from conceptualization to implementation. It often requires a critical mass of talents and resources to market and commercialize a single technology no matter how breakthrough it is. This is the main reason why technology business incubators are being established to accelerate the successful development of tech startup firms through an array of business support resources and services, developed and orchestrated by the incubator through its network of contacts and affiliates.

I've read a lot about companies and groups coming up with programs that are aimed to tap into the potentials of entrepreneurs. They are venture capitalists whose ultimate goal is to discover bright new innovative ideas that could make a fortune, and give them a lot of bragging rights to say they invested on that entrepreneur's little project which that's now making a name in the technology industry - meaning the next Facebook, Twitter or Instagram.

Entrepreneurship on the Verge of a Threat

This might just kill entrepreneurship in the country..

The Bureau of Internal Revenue (BIR) will hold operators of buy-and-sell websites liable for any entrepreneur who makes money online without first registering with the bureau and the Department of Trade and Industry (DTI).

“We will file cases against sellers who fail to issue receipts and pay taxes, but we will also file cases against the websites which provide such service,” BIR Commissioner Kim Jacinto-Henares said.

She said website operators engaged in buy and sell are similar to that of mall operators that allow entrepreneurs to lease a commercial space in their establishments.

#readmore
BIR: We can go after Sulit, AyosDito and YOU for unregistered, untaxed online sales
http://www.interaksyon.com/infotech/bir-we-can-go-after-sulit-ayosdito-and-you-for-unregistered-untaxed-online-sales

Startups Versus the Juggernauts

Should entrepreneurs just give up on their app ideas, simply because Facebook could eventually clone them and crush them with a billion users? Of course not, and anybody who thinks that Facebook (or any other big company) cloning a startup's product spells Armageddon for that startup doesn't know what they're talking about.

Remember when Facebook tried to make a Foursquare competitor? How about the time it tried to make a Groupon competitor, and it went nowhere? The same is true of its Quora competitor (Facebook Questions) and even its Craigslist competitor (Facebook Marketplace).

I could go on and on, but the point is clear: a big company launching a clone can be scary, but it doesn't mean Armageddon. There are two other factors to consider: defensibility and vision.