Hungarian venture capital agency Creative Accelerator and INPUT organised a competition called “Creative Pitching Day” for startups to promote their project ideas and attract investors’ attention. One of the most promising projects of the EEE Entrepeneurship Course, PriceMind, has been selected among the 6 most attractive project ideas to be presented to the investors, at the event that took place on the 16th of November. 

The team is working on a marketing service that could yield significant statistical insights for companies into their competitors’ prices. The software monitors the prices in the competitors’ webshops and collects these data into tables and figures. This information could help to making better pricing decisions.

In recent weeks, significant development in the software has been carried out. Thus, the mentors suggested the team to submit their project idea to the competition, that is not only an idea any more.  At the end of the selection process, PriceMind has been selected and had the opportunity to demonstrate their project concept to a board of potential investors.

Although none of the participants received investment offer, taking part in the Creative Pitching Day gave the team new impetus and provided significant insights from the investors’ point of view. PriceMind is now searching for potential users, who will use the software for 2-3 months test period. Negotiations with 3 companies has been started. During this phase the team expect feedback from users to further improve their software and validate the concept. Hopefully, their service will be available for a wider range of companies soon.

 

Management Center Innsbruck launches the EEE project National Event along with one of the liveliest start-up events that will take place in the region. 

To introduce the project to a broader public and to demonstrate the first project outputs, the EEE project MCI team takes part in the upcoming Start-up Festival. This event is organized by Startup.Euregio to showcase the start-up community in Tyrol, South Tyrol and Trentino.

On 24 November 2017, starting at 3pm, the Start-up Festival brings together start-ups, institutions in the start-up ecosystem, and investors at ´the ‘BASE EINS’, a popup start-up hub, close to the State Theater in the heart of Innsbruck.

From 6 pm on the festival moves to the Trade Fair Center in Innsbruck. Two exciting keynote speeches by “accelerators guru” and start-up ecosystem builder Tal Catran, and Cathy White, the founder and director of Cew Communications, and pitches from the finalists of the ‘120 Second Chance’ will be followed by a clubbing event. It will become obvious that entrepreneurs do not only work hard but party hard as well.

For more information on the festival, and registration please visit the website of the event at: http://www.startupeuregio.eu/en/startups/startupfestival

 

 

Innsbruck creates room for the startup-scene and welcomes the business incubator ‘Base EINS’ in the heart of the city for six months.

Within the last years, the importance and relevance of entrepreneurship and entrepreneurial activities has been growing within the region of Tyrol. To further support this development, the project ‘Base EINS’ has been initiated to create a central meeting point for young entrepreneurs and start-ups.

The Base EINS is located next to the state theater of Innsbruck, where four containers are open every day of the week, from 2 pm to 6 pm, until the end of March 2018.

Base EINS offers not only a unique program for entrepreneurial initiatives, focusing on workshops, consulting, information sharing and active networking, but even more so interested companies and entrepreneurs are free to book Base EINS for their own events, and start-ups can exhibit their products for free.

For more information have a look at the detailed program at: www.baseeins.at.

The Univations Investforum Pitch-Day 2017 took place recently in Halle at the ERDGAS Sportpark, with the attendance of 26 start-ups who successfully pitched their business models to 70 investors.

In the past, start-ups were able to convince venture capital funds and business angels to invest sums ranging from 100.000 to 5 Million Euro into their business ideas. Now, however, for entrepreneurs who look for start-up capital the market can be rather competitive, for there are a lot more creative ideas and and investors have to spend a lot more time to assess success factors before they put money into new opportunities. Investforum Pitch-Day 2017 was marked as one of the platforms where competitive minds and investors with questions are brought together for an exiting marathon.

The event mainly focuses on companies that are still in the seed or early start-up phase – a typical period where innovative companies in Germany have problems to raise capital. As such, Investforum has become one of the main matching events for innovative start-ups in the new German States during the past years.

Daniel Worch, CEO of Univations and as such responsible for the event, took the chance to present the Erasmus+ project Embedding Entrepreneurship Education to the participating guests. Due to the presence of high-quality start-ups, the event naturally has not only attracted investors, but also start-up coaches as well as trainers involved in entrepreneurial education from all over Germany – target group of the intellectual resources developed within EEE.

Univations successfully pilot-tested one of the EEE Entrepreneurship Teaching Toolkit course modules, the business model canvas during the Entrepreneurship Summer School “Geist 21”. Organised by the ThermHex Waben GmbH, one of the leading lightweight composition material producers in Halle, the event Geist 21 hosted a large number of participants from diverse backgrounds, e.g. engineering, business studies, design, and IT who has interest in new materials and the desire to found an enterprise. The international nature of the program has attracted an enthusiastic audience from across the world, including India, Iran, and Egypt.

Concerning further exploitation of the Entrepreneurship Teaching Toolkit, the collaboration continues with Martin-Luther-University (MLU) for the piloting off the EEE teaching modules. In fact, the EEE regional alliance Halle now focuses on the start of the winter term in Saxony-Anhalt in which EEE resources might be integrated into regular teaching activities as well as into the program of the upcoming Entrepreneurship week from 13.11.-17.11.2017. The University staff have already signalled their will to use resources of the EEE Teaching Toolkit, and by this support to further support the entrepreneurship promotion campaign of EEE that will be launched at the beginning of the next year.

Furthermore, the EEE team Halle upholds its efforts to enlarge the regional alliance for entrepreneurship education in Saxony-Anhalt. Florian Bratzke, European Project Officer at Univations GmbH, met with officials from the University of Applied Sciences Merseburg in September to introduce EEE objectives as well as to discuss possible ways of involvement in the regional alliance. Furthermore, Mr. Bratzke took chance to discuss the content and structure of the EEE Teaching Toolkit with the present HEI teaching staff as well as the idea of a state-wide entrepreneurship summer camp. In fact, Dr. Henn – Head of start-up service – explicitly pronounced her interest to further deepen the cooperation with EEE team of Univations to foster entrepreneurial aspiration of students and to better equip HEI staff with high-quality resources to facilitate their efforts in entrepreneurial teaching.

Officials from University of Applied Sciences Merseburg have agreed to check possible ways to support the piloting of EEE resources by integrating them into the entrepreneurial teaching activities of the start-up service in the upcoming winter term.

5 teams, 26 students and 10 mentors started to work on project ideas that aim to enhance higher entrepreneurial endeavours in the region. The EEE course was promoted at 12 faculties at the University of Szeged and receiving a positive response from several media. After the application there were a small drop-out, but the most enthusiastic students stayed to create entrepreneurial value.

In previous months, students had to submit a motivational letter – including their motivations and project ideas if they already had – in order to apply for the course. Finally, the applicants were grouped into 5 teams, then the project ideas were selected and presented by the students in the middle of September.

There are more developed project concepts and less developed ideas as well, thus some of the matured projects have the possibility to reach market introduction within 1 year. These projects are briefly summarised below:

Craft beer producer

One of the team members produces craft beer in a regular basis, but in a small amount. His idea is to establish a craft beer brand that suits the need of young people and will fulfill a market niche –quality craft beer at an affordable price. They will prepare a plan for the budget because in the first step the producer has to invest to equipment, then they will work on how to position this local craft beer on the market.

In-house restaurant

The main concept is to combine the advantages of preparing food at home and the benefits of eating in a restaurant. The team wants to open a restaurant in a flat that will host closed gastro events for those who wants to invite friends and/or relatives for special occasions. The team believes that, people do not like to clean their apartments after an event, thus they rather go to a „kitchen flat” where they just have to prepare food but do not have to wash the dishes after the event or spend time on buying the ingredients for the dinner.

PriceMind

The team is working on a marketing service that could yield significant statistical insights for companies into their competitors’ prices. The software monitors the prices in the competitors’ webshops and collects these data into tables and figures. This information could help to making better pricing decisions.

PubSearcher

This peer-to-peer smart phone application is entitled to collect all information – regarding reviews, promotions, opening hours, etc. – relating to pubs in a local area. The goal is to help people to make decisions when they are planning their Friday or Saturday nights. The business model will provide revenues for the developers from the pubs’ financial contributions.

Donations for homeless-animals

The goal of this social entrepreneurship project is to help stray animals to find a new home and to find pet friendly people in order to gain financial resource for animal shelters. The smart phone application and/or website would help non-business organizations to reach higher audiences in the country, furthermore it lets people to adopt animals virtually and contribute to their living costs. The team hopes that this online tool will decrease the number of stray animals on the streets and can mediate in a higher efficiency between orphaned animals and pet friendly people.

EEE partnership and La Trobe University of Melbourne, Australia have signed a MoU to collaborate in the field of entrepreneurship education.

The EEE consortium has been contacted by Dr. Silvia McCormack of La Trobe University in May 2017 leading to first successful talks between representatives of either sides shortly afterwards. La Trobe University has recently introduced a rather progressive approach for the integration of entrepreneurship education among all its faculties. As a matter of fact, the components of innovation and entrepreneurship, global citizenship, and sustainability thinking, referred to as “Three Essentials”, have become part of regular course curriculum ever since then. [1]

In her function as Academic Coordinator (coursework) at the College of Arts, Social Sciences and Commerce, Dr McCormack was highly involved in the theoretical development as well as the operational implementation of this approach inside her institution. Given La Trobe`s leading role in the field of entrepreneurship education, the consortium unanimously agreed to propose an associate partnership within EEE. La Trobe officials have equally expressed their interest to exchange best-practice experiences and intellectual resources to foster entrepreneurial aspirations and efforts of students and staff in the involved HEIs.

While the formalization of the partnership was in progress, the EEE team of Management Center Innsbruck has had the pleasure to welcome Dr. McCormack from La Trobe University in Innsbruck already last month. Among others, the institutional approaches for entrepreneurship education pursued at La Trobe and MCU were discussed during this first fruitful meeting. Additionally, MCI officials presented Dr. McCormack the first draft of the EEE Teaching Toolkit – a bundle of high-quality teaching material on entrepreneurship addressing HEI lecturers. In the meantime, La Trobe and EEE officials have mutually signed a Memorandum of Understanding agreement that will allow to further deepen ties between all stakeholders in the months ahead.

Mutual benefits

Given the obvious high potentials to positively contribute to the success of the project, the EEE consortium is strongly convinced of the mutual benefits that will result from the collaboration between EEE and La Trobe. In fact, both sides decided to intensify talks in the upcoming months to identify further areas of collaboration. Apart from jointly discussing and piloting EEE project outputs as well as exchange best-practices experiences, the collaboration with La Trobe University may as well be the impetus to initiate new projects in the field of entrepreneurship education involving all EEE partnering institutions soon.

[1] McCormack, S., Scanlon, C. (2017 in press). Integrating innovation and entrepreneurship into all undergraduate courses: The case of one university in Australia. In Nygard, C. (Ed), Teaching of Innovation and Entrepreneurship in Higher Education. Libri Publsihing, London.

IECT (Institute for Entrepreneurship Cambridge–Tirol) a trusted partner in the Startup Tirol Alliance has recently completed their international Summer School program on entrepreneurship, ran between 17th – 23rd August, 2017.

27 international scientists with entrepreneurial ideas and the intention to startup has participated in this one-week intensive program. The program was composed of an inspiring blend of lectures, courses, workshops, and mentoring sessions to help the participants turning their ideas into reality. The IECT Summer School has shown that when different actors in the regional eco-system play together and use international linkages great impact can be achieved.

The Summer School was developed in partnership with the University of Cambridge and the European Forum Alpbach. It is hosted by the Werkstätte Wattens and sponsored by the Standortagentur Tiroland the regional chamber of commerce. National and international cooperation partners support the Summer School: Falling Walls LabTEC Alpbach Technology SymposionGlobal Incubator NetworkICONSSpectrumand Management Center Innsbruck.

EEE project’s Bernd Ebersberger of MCI has contributed to the Summer School with a session on Markets & Competition on Saturday August 19.

Today in our blog post we present you the Erasmus + funded project “MODERN” partnered by one of our EEE Project alliance partners Canice Consult. We wish you a happy reading!

 

For decades teaching and training has very much so focused on the didactic teaching methods; the usual chalk and talk, PowerPoint presentations and question and answering (the traditional lecturing or teacher “knows all” model). However, as time progresses digital literacy and e- learning have become an ever-increasing norm in society, and as result new teaching and training methods are evolving.  Andragogy (adult learning) is a theory that holds a set of assumptions about how adults learn. It uses approaches to learning that are problem-based and collaborative.

The www.modern.pm  project focuses on the delivery of these new teaching and training methods – particularly with regard to the role of digital in teaching and training. The team behind Modern have put together a toolkit evaluating and selecting the best and most effective digital teaching tools; tools in which they have tried and tested and believe to be the most effective in engaging individuals. The toolkit itself looks at 24 different tools which are split into a 10 category system, the system is designed in such a way to make it easier for individuals to identify what they can add to their teaching/ training to increase its effectiveness. For example, if you are tired of PowerPoint and want to add extra interest to your presentations you can choose from the top 2 recommendations in Presentation Software/Animation Tools section.

Digital and e- learning has progressed rapidly since the coining of the term ‘e-learning’ and now encompasses websites, ebooks, social media and online communities, online lectures, webinars, podcasts and microblogging. As such, it has proven to be a viable way of training and developing people in organisational and classroom settings, and one that forms part (though not all) of an organisation’s wider learning strategy. We, at Modern believe that the toolkit itself is a rich resource that encourages teachers and trainers to incorporate new and exciting tools into their delivery in order to engage and motivate their audience.

To view the toolkit and other useful resources please go to the project website www.modern.pm, and stay up to date with what the team is up to by following the project Facebook account at https://www.facebook.com/ModernProject/?ref=bookmarks.

University of Szeged recently held its second alliance meeting with the participation of representatives from local businesses and entrepreneurs. The meeting fostered strengthening the ties among the alliance members, marked by an action plan signed by the USZ EEE Project management and the attendees. 

During the first meeting, USZ offered several opportunities for the stakeholders, mostly local entrepreneurs, to take part in the EEE Entrepreneurship semester course that will run from September to December.

After the first meeting, attendants of the meeting were sent out a needs assessment questionnaire, as well the participants who could not attend but express their interest, in which they were able to indicate their expressions of interest and the form of involvement.

Based on the feedback from this assessment questionnaire, USZ finalised the program of the course by defining:

  • List of persons involved
  • Tasks undertaken by involved parties
  • Offered educational program elements, e.g. topic of lectures, tasks of students and call for competition.

During the second alliance meeting, together with the participating entrepreneurs, University of Szeged confirmed this program and signed an Action Plan that demonstrated the mutual commitment from all the parties involved in the project. The discussions lead to collaborative efforts among the business leaders and entrepreneurs to form bonds that will potentially live beyond the project.

The next step – the third alliance meeting – will take place in early September, when all the practical details will be finalised about the involvement of the stakeholders, and the EEE entrepreneurship semester course can be launched.