We have now interviewed several people from Science Park and during this month our goal is to come up with a solution to the challenge (Valorization project) the Science Park is facing and develop a high-level business plan. The problem we are willing to solve is related to the fact that a relevant connection between Science Park and students cannot be seen. Since the students can be seen as possible future entrepreneurs and therefore highly valuable customers for the Science Park, the incorporation of these students in entrepreneurship can be seen highly recommended. By raising awareness about the possibilities and opportunities the Science Park has to offer, we believe we can create more value not only for students but also for the Science Park and the city of Amsterdam, both economically and socially.
Due to limited amount of time, we have chosen to focus on creating a plan for the student association of the Venture Lab. If we look at the other examples of successful incubators, we see that they have their student associations that form a link between incubator and students. Therefore, we see this as a necessary step to be taken at the Science Park also.
This week we have applied the Business Model Canvas to our idea of the Student Association. The value proposition is focused on four groups: Students, Science Park, University and city of Amsterdam. Great part of our value proposition is aimed at students, with a goal of embedding them in entrepreneurship. We intend to provide students with products to enhance the development of professional skills, knowledge transfer on entrepreneurship, education and inspiration. For the Science Park the added value is awareness of entrepreneurship among students, and improvement of image to the public. This is associated with the increased establishments of new ventures. Added value for the University is that their research becomes of higher economic value. Also the University produces higher educated and better skilled students. These two things can lead to the higher University ranking. Embedding more students in entrepreneurship leads to more established new ventures, which adds value to the economy of the city of Amsterdam.
Jasmina Toivonen 2553998
Jobbe van der Maesen 2564136
Michael Kappe 1873024
Hi fellow bloggers,
The end of this minor has come… In January we will completely focus on the internship of Voordekunst and I’m looking forward! Last Wednesday, we had a meeting with Kristel from voordekunst. We discussed the work that we handed in. Due to the exams and essay we had to write we did not had time to meet last week.
For the 6th of January, then we have a meeting again, we need to complete the notes Kristel made. We have to create a framework per person about the motivation why people donate money. This meeting we will discuss them all and choose one to be the best. Moreover our original theoretical framework is too broad. We need to distinguish the motivation theory. Now we also have to deal with overlap, so we need to read it all and determine which motives people have to donate. Besides this, we need to distinguish the motives in three or even more categories. Now we have 7 categories, which is a little but too much. Examples of categories why people donate are for example status, which include prestige and status in community. Another category is efficacy, which include helpful, advice, sharing as the components. So, for next time we need to solve the overlap and distinguish the categories into three or more that represent the motives for donating money. Last we need to analyse the organisations we are going to do the interviews with. We need to describe what the goals of these organisations are, what do they offer for their clients/ do they deal with actions to customer acquisition? Kristel made a circle of three, in which we need to write our top three of organisations we love to do the interview with.
This was my last post before Christmas break! Everyone Merry Christmas and a happy new year!
Hi readers, welcome to my fourteenth blog about my internship at Feniksgroep.
This week, we finally received an e-mail from one of our internship coordinators. She took quite some time with answering our questions, since both her and our other coordinator had a flu and were quite ill because of it. My task now is to send an e-mail to the webmaster of the Feniksgroep website with the question whether he can grant me the log-in details for the Content Management System, in order to edit their website. Recall that I had contact with the webmaster about this a while back and I told him that I would ask our internship coordinator for those details. Unfortunately however, due to her late response, I have to try it again by asking the webmaster for those details.
Also this week, every internship group from our class had a meeting with the professor for our last course of our minor: Entrepreneuring in Amsterdam. During this course, our task is to work full-time on our internships. However, our challenge has gotten a little mixed-up. The task at hand now is to split up again into two groups of three, as we did at the beginning of our internship. Each of those groups has to hand in a business plan at the end of the course, which will be at the end of January. This means that we will have a lot more to do besides our initial tasks we gave ourselves for the remaining weeks. Hopefully, we will manage to do this successfully. Time will tell…
I hope you’ve enjoyed reading my blog and hopefully you will read my next week’s blog as well! 🙂
Hi readers, welcome to our last blog about the impacts of telecom development on local entrepreneurship in Africa.
This week we have been working hard on our final assignment and presentation and have found some interesting conclusions. We will present them here:
Mobile phones are providing essential and beneficial services for entrepreneurs in Africa. They help entrepreneurs to save money on travel and services like M-PESA make it easier to transfer money between people. M-PESA increased income of entrepreneurs by op to 30 percent, and improved their cash flow which enables new investments and growth, this is the result of money being sent more frequently (Vodafone, 2005). Lack of cash flow is an often heard complaint from entrepreneurs (Luiz, 2010). Mobile services improve the speed of money transactions since there is no longer any need to visit a bank which is often not available in rural areas. Mobile phones also lower the costs for entrepreneurs which helps entrepreneurs to make more profit from their ventures. Furthermore, the reduced traveling costs have a high impact on entrepreneurs (Vodafone, 2005). Mobile coverage in Africa is still not 100 percent, but it is going through a staggering growth, which everyday enables new entrepreneurs to use mobile services. It’s safe to say mobile services have positive impact on the entrepreneurial population in Africa.
We really enjoyed working on this project and course and are looking forward to the last course of this minor.
I hope you’ve enjoyed our presentation.
Guido, Martijn & Mike (Group 6)
This week we had our meeting with Irma Borst about the progress of our internship. We are going to change our challenge again and start with a business plan in January. During the last months we gained quite some knowledge about SEEDS itself and how it’s presents itself to new entrepreneurs. We will be applying this knowledge and experience in January to come up with a relevant business plan for SEEDS. Our business plan will focus on how SEEDS should position itself within ABN AMRO and how it should benefit from its relation with ABN AMRO, but this is still subject to change.
During the recent months we have worked on selection tools for crowd funding, we have accomplished this by researching which properties a business plan should have in order to be a successful crowd funding campaign. Furthermore we have researched the AIDA marketing model, we will definitely be able to use some of our results for our business plan.
We are looking forward to January to come up with an interesting business plan which will have to goal to attract more entrepreneurs to SEEDS crowd funding platform. This goal will be accomplished by highlighting the benefits ABN AMRO can provide SEEDS. Furthermore we will apply some of our data we have gained during our previous challenge.
See you in January!
According to interviews we have made so far, it seems like our ideas for the valorization project are inspirational, but also need to be more detailed of course. This Friday was our last internship day in this year, and we will continue with the project on January. The idea is to collect more data, talk with more people to get an understanding what is really needed in Science Park. I still have one appointment for next week and I will focus on these three action plans we have: website, student association and location.
We have talked with people from ACE and Science Park. On January, the plan is to talk also with students in order to understand if the student organization would be a relevant idea, and if so, how it should be organized. However, there are still a lot of open questions but I think we have done a great job so far, during these couple of months.
Since this is the last blog post before Christmas holidays, I would like to say, that this internship has been very interesting and I am looking forward to continue on January when we have opportunity to focus on the Valorization Project full-time, and therefore more intensively.
Hi fellow bloggers,
Unfortunately we did not have a meeting this week for ‘voordekunst’. Yesterday we had an exam for the course Entrepreneurship and Networks. Moreover we have to hand in an essay on Monday for the course Enterprising regions. Both took a lot of time to manage, so we decided to skip the meeting of this week. However Kristel had some comments on the document we handed in last week. So for next week we have to read it and adjust in the document. We do have e-mail contact with Kristel and with Chris and Danielle we are going to plan another meeting for next week!
Have a great weekend all!