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285B Week 3 Lecture 1 TD

285B Week 3 Lecture 1 TD - ENG 185B/285B New Venture...

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Click to edit Master subtitle style ENG 185B/285B New Venture Creation: Entrepreneurship Innovation, Opportunity Identification and Evaluation
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ENGR185B/285B Week 3 – Lecture 1 22 Today’s Roadmap Assignment 2-B due today Discuss “Innovation” – Chapters 2 - 3 Discuss infoChachkie Readings Technologies and Innovation Opportunity Identification & Evaluation Note: Must be on a team in advance of Assignment 4, which is due 1/28
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ENGR185B/285B Week 3 – Lecture 1 33 Late Assignments 24-hours or less late - 10% off > 24-hours < 1-week 50% off > 1-week ZERO credit, barring a medical excuse or other reasonable excuse that is pro actively communicated Assignments are due BEFORE CLASS STARTS, unless otherwise specified.
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Click to edit Master subtitle style Entrepreneurial Networking Source: Jeff Carmody, Connector Extraordinaire Catalyst (http://www.catalystsb.org/) Science & Engineering Council (http://www.scieng.org/) Santa Barbara Young Professionals Club (http://www.sbypc.org/) Technology Council of Southern California (http://www.tcosc.org/) Entretech (http://entretech.org/) LA Venture Association (www.lava.org) Business & Technology Center of LA County ( http://www.lacdc.org/CDCWebsite/LABTC/home.aspx) So Cal BioMedical Council (http://www.socalbio.org/) LA Regional Technology Alliance (www.LARTA.org) Gold Coast Business Forum (http://www.goldcoastbusinessforum.com/) BioTech Forum of SoCal (http://www.thebiotechforum.com/) SoCalTech Calendar has a ton of stuff ( http://www.socaltech.com/calendar/calendar.php)
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ENGR185B/285B Week 3 – Lecture 1 55 Business Plan Competition
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Click to edit Master subtitle style Quiz “Art of the Start” Chapters 1 & 2 “Map Of Innovation” 1 – 3
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ENGR185B/285B Week 3 – Lecture 1 77 O’Connor – Chap 2 Brainstorming Prioritization Great products meet unfulfilled needs BPT attempts to: Draw out possible answers Narrow down the ‘best’ answers Build consensus 1. Get right people together 2. Define the problem 3. Spend 20-minutes brainstorming 4. Divide the number of ideas by three = # of votes/person 5. Vote on the ideas 6. Narrow down to best 3 – 6 ideas Multiple votes may be needed Throw out the chaff – only focus on winning ideas
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ENGR185B/285B Week 3 – Lecture 1 88 O’Connor – Chap 3 Technology – Need - Business is simple: Who are your customers? What are their needs? How can you solve those needs most efficiently? Separating needs from wants: Will idea make and/or save user money? Will idea make user more efficient? Will idea make user more competitive? Heed the Technology Absorption Curve Look for excessive buzzwords Map technologies against needs Test solutions in the market
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Click to edit Master subtitle style Rally Time Who has an idea
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ENGR185B/285B Week 3 – Lecture 1 1010 Think & Act Like an Entrepreneur Small Ideas, Big Benefits The world is a big cash machine Enter the right booth & take your Share www.infochachkie.com
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ENGR185B/285B Week 3 – Lecture 1 1111 Think & Act Like an Entrepreneur
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