Innovation & Entrepreneurship Opening slide option 2B.McCollum/csc4004/2013Lectures/...Innovation & Entrepreneurship CSC4004 Queens University Belfast Changes Examples Demographics
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Queens University Belfast
Team Formation and Idea
Generation
Innovation & Entrepreneurship CSC4004
Innovation & Entrepreneurship CSC4004
Opening slide option 2
Teams
Team Allocation
Play to strengths and compensate for weaknesses
Good Time management
Agree an agenda
Take notes of attendance and the action points agreed
Be upfront
Queens University Belfast Innovation & Entrepreneurship CSC4004
Key Issues
Team ‘buy in’ Understanding of Team Strengths Initial background research Enthusiasm Attitude and belief Project Management Looking for opportunities which separate your team from others
Queens University Belfast Innovation & Entrepreneurship CSC4004
Idea Generation
Picture/section
divider slide
Idea Generation
Where are the Problems / Opportunities?
What are you aware of?
How do you find out?
Potential Areas to Focus on e.g.
Health, Economy, Environment, Education, Entertainment,
Business Processes, Travel, Community, Retail, Family,
Fashion and Beauty, Food, Gaming, Holmes and Housing,
Security, recreation, Marketing and advertising, Non Profit
Social Cause, Telecom and Mobile, Transportation, Style
and Design
Queens University Belfast Innovation & Entrepreneurship CSC4004
Idea Generation
Work experience - areas of problems, high demand, customer
complaints, frustrations and waste identified.
Family / Friends / Relations / Neighbours
Copy someone who is already successful
Many ideas come from customers - so find people with a need or a
problem.
Look to the USA for ideas emerging there. They tend to be several
years ahead of us..
Queens University Belfast Innovation & Entrepreneurship CSC4004
Idea Generation
Financial Times newspaper for identification of business
trends and results.
Professional services or products - make available to a
wider market.
Underused assets - seasonal fluctuations, for example:
QUB computer labs. Schools after school and during
holidays, golf clubs in the winter.
Queens University Belfast Innovation & Entrepreneurship CSC4004
Areas
Queens University Belfast Innovation & Entrepreneurship CSC4004
Changes Examples
Demographics aging population
Regulatory ‘nanny state’ need for checks and certifications
Technology Mobile computing, e-commerce, cloud
Cultural less home ownership, divorce, working parents, obesity, more domestic workers
Idea Generation
Change will throw up lots of opportunity
Existing firms may be slow to respond
Queens University Belfast Innovation & Entrepreneurship CSC4004
Existing product / service Medium Risk New Market
New product / service High Risk New Market
Existing product / service High Risk Existing Market
New product / service Medium Risk Existing Market
Business Context - Key Issues
Value Proposition
Target Market
Revenue Model
Unique selling proposition
Competitive Analysis
Market Size
Market Growth
Queens University Belfast Innovation & Entrepreneurship CSC4004
Market Share
Lifestyle or High Potential, Sole
Proprietorship or Corporation)
Start-up Costs
Investment needs
Exit Strategy
Return on Investment
Early Questions
What
Product, Service
Why
Why Now, Why You?
Where
Market, section of market
Queens University Belfast Innovation & Entrepreneurship CSC4004
Early Questions
Who
will use, will you need to partner?
Who will you approach for funding?
How
How will this function?
How will this fit in with other systems?
How do the finances stack up?
Queens University Belfast Innovation & Entrepreneurship CSC4004
Early Questions
SWOT Analysis
Competitor Analysis
Potential success strategies
Justifications of Assumptions made
Queens University Belfast Innovation & Entrepreneurship CSC4004
Early Questions
SWOT Analysis
Competitor Analysis
Potential success strategies
Justifications of Assumptions made
Queens University Belfast Innovation & Entrepreneurship CSC4004
Inspiration
Horizon 2020 – European The Framework Programme for
Research and Innovation (2014-2020)
http://ec.europa.eu/research/horizon2020/index_en.cfm
Various ICT Themes
Queens University Belfast Innovation & Entrepreneurship CSC4004
Information and Communication Technologies
Underpins innovation and competitiveness across a broad range of
private and public markets and sectors
enables scientific progress in all disciplines.
potential and capabilities of modern ICT systems are still growing
exponentially
These developments provide major opportunities
enable a wealth of new business developments in particular for
SMEs and will contribute to boosting competitiveness, creating jobs
and supporting growth
Queens University Belfast Innovation & Entrepreneurship CSC4004
Future Internet Smart Networks and novel internet architectures
Smart optical and wireless network technologies
Advanced Cloud Infrastructures and Services
Boosting public sector productivity and innovation through cloud
computing services
Tools and Methods for Software Development
Collective Awareness Platforms for Sustainability and Social
Innovation
FIRE+ (Future Internet Research & Experimentation)
Web Entrepreneurship
Advanced 5G Network Infrastructure for the Future Internet
Queens University Belfast Innovation & Entrepreneurship CSC4004
A new generation of components and systems
- Smart Cyber-Physical Systems
- Smart System Integration
- Advanced Thin, Organic and Large Area Electronic (TOLAE)
technologies
Queens University Belfast Innovation & Entrepreneurship CSC4004
Current Technologies and Information
Managementt Big data Innovation and take-up
Cracking the language barrier
Support the growth of ICT innovative Creative Industries SMEs
Technologies for creative industries, social media and
convergence.
Technologies for better human learning and teaching
Advanced digital gaming/gamification technologies
Multimodal and Natural computer interaction
Queens University Belfast Innovation & Entrepreneurship CSC4004
Robotics etc..
Robotics
Micro- and nano-electronic technologies
Generic micro- and nano-electronic technologies
Photonics KET
Cross-cutting ICT KETs
Customised and low power computing
Internet of Things and Platforms for Connected Smart
ObjectsHuman-centric Digital Age
Cybersecurity, Trustworthy ICT
Queens University Belfast Innovation & Entrepreneurship CSC4004
Horizontal ICT Innovation actions
Support for access to finance
Innovation and Entrepreneurship Support
Open Disruptive Innovation Scheme (implemented through the
SME instrument)
Queens University Belfast Innovation & Entrepreneurship CSC4004
Factories of the future
Process optimisation of manufacturing assets
ICT-enabled modelling, simulation, analytics and forecasting
technologies
ICT Innovation for Manufacturing SMEs
Development of novel materials and systems for OLED lighting or
displays
Queens University Belfast Innovation & Entrepreneurship CSC4004
Your Responsibility
Team Formation
Queens University Belfast Innovation & Entrepreneurship CSC4004
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