Innovation & Entrepreneurship Opening slide option 2B.McCollum/csc4004/2013Lectures/...Innovation & Entrepreneurship CSC4004 Queens University Belfast Changes Examples Demographics

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


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


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..


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.


Areas


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


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


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


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?


Early Questions

SWOT Analysis

Competitor Analysis

Potential success strategies

Justifications of Assumptions made


Early Questions

SWOT Analysis

Competitor Analysis

Potential success strategies

Justifications of Assumptions made


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


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


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


A new generation of components and systems

- Smart Cyber-Physical Systems

- Smart System Integration

- Advanced Thin, Organic and Large Area Electronic (TOLAE)

technologies


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


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


Horizontal ICT Innovation actions

Support for access to finance

Innovation and Entrepreneurship Support

Open Disruptive Innovation Scheme (implemented through the

SME instrument)


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


Your Responsibility

Team Formation


Documents

Innovation & Entrepreneurship Opening slide option 2B.McCollum/csc4004/2013Lectures/...Innovation & Entrepreneurship CSC4004 Queens University Belfast Changes Examples Demographics