Wednesday, 23 September 2009

Who's Involved with Ideation?

Here in the city of Stockholm and more specifically at the Royal Institute of Technology (KTH), the course of Ideation is a part of a movement that extends far beyond the university itself.

Ten years ago, KTH and two other universities, the Stockholm School of Economics (HHS), and the Karolinska Institute (KI), decided to work together to effectively integrate their entrepreneurship, business development and technology commercialization courses for the benefit of faculty, staff, and students on these three campuses. Together they founded what is known as the Stockholm School of Entrepreneurship (SSES).

Generous funding from the Stefan Persson Family Foundation (Stefan Persson is former CEO of H&M and current H&M Chairman), provided the new organization with a stable base from which to grow into an internationally recognized provider of quality programming.

Today, SSES is fully owned by five universities, reflecting the broadest diversity of disciplines possible in its offer of entrepreneurship practice and theory courses. In addition to the original three founding universities, the University College of Arts, Crafts and Design (Konstfack) and Stockholm University (SU) are owners of SSES.

SSES courses have been attended by over 3000 individuals since its start ten years ago. The courses are free, taught in English, and worth up to 7.5 ECTS credits (European system) which are accepted by member institutions (including Erasmus members) towards degree requirements. For more information on SSES, take a look at the website.

Tuesday, 10 February 2009

Just improvise

The proverbial analysis by paralysis can stop many business ideas from ever become full-fledged businesses. Guy Kawasaki, while not implying that one should ignore good planning, reminds ingenue entrepreneurs to simply "get going". Every situation is different, but there is always a balance between over-planning and under-planning--whether one is setting up a business, planning a holiday, a wedding, or even a family. I wouldn't recommend having octoplets as a single mother, or father, but heck, if you've got a plan, some money in the bank (or maybe under the mattress), then go for it. If you don't have a full-blown plan, but you have something to sell and can get by with simplest of premises, you can choose low-cost routes like the owner of this trendy office space below. This picture is borrowed with permission from Guy Kawasaki. He took it while in Moscow last fall. The byline for the picture, says Guy "Don't Worry, Be Crappy"!



Wednesday, 14 January 2009

IDEA Competition 2009


DEADLINE: 6 and 20 February 2009


INTERNATIONAL DESIGN EXCELLENCE AWARD ´09
If you are ready to take your idea to the world, consider using this course as a ramp to success! Click on the link above and learn what you need to do to enter your idea in IDEA 2009.

Universities Produce Tech Stars


Business Week features seven top tech stars from academia. Read about them on this slide show: Tech's Best Young Entrepreneurs

Monday, 5 January 2009

The state of venture capital in 2009

This week's edition of Forbes reports on the rather bleak reality of venture fund investments. According to Cambridge Associates, reports Forbes "the median annual return for all venture funds raised in 2000, the peak of the dot-com craziness--is 1%." 

Read the article: "Venture to Nowhere" by Rebecca Buckman.

Creating a good idea and implementing it requires more than "financing". Developing a product that works and that sells is important too. Moreover, an ethical backbone is the material of a successful entrepreneur--not ego, hyperbole, and a virtual bank account.