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Queens University Belfast Dr. Barry McCollum www.cs.qub.ac.uk/~B.McCollum/csc4004/index.htm Innovation & Entrepreneurship CSC4004 Innovation & Entrepreneurship CSC4004

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Page 1: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Queens University Belfast

Dr. Barry McCollum www.cs.qub.ac.uk/~B.McCollum/csc4004/index.htm

Innovation & Entrepreneurship CSC4004

Innovation & Entrepreneurship CSC4004

Page 2: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Session Overview

Queens University Belfast Innovation & Entrepreneurship CSC4004

Aim

Objectives

Outline

Benefits

Structure

Assessment

Content

Responsibility

Page 3: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Aim

Work collectively to Develop an innovative IT

solution within a Commercial Framework

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 4: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Objectives

- Work Effectively as Part of a Team - Critically Analyse Opportunities and Solution Provision - Develop Entrepreneurial, Innovation and Presentation Skills - Understand Practical and Academic Perspectives - Development of Idea within a Business Context - Delivery of Prototype Solution

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 5: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Queens University Belfast Innovation & Entrepreneurship CSC4004

Sponsored by CITI

Page 6: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Benefits

Understanding Context

Software Planning

Career Development

Team Work

Business Establishment

Understand Strengths

Work with Industrial Experts

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 7: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Queens University Belfast Innovation & Entrepreneurship CSC4004

Outline Lectures

Discussions

Presentations

Team Meetings

Industrial Speakers

Mentoring

Page 8: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Stucture

Monday

9-10am: Lecture and Discussion

10-11am: Presentations

11-12pm: Industrial Slot

12-1pm: Team Meetings

Monday

2-3pm: Outside Experts (Optional)

Wednesday

1-2pm: Outside Experts (Optional)

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 9: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Reading

Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC)

Customers for Life, Carl Sewell (HF5415.5 SEWE)

The Guerrilla Marketing Handbook, Jay Levinson (Main & SH, HF5415 LEVI)

Getting Started: How to set up your own business, Robson Rhodes

What is your business worth? A guide to valuing your company, G. Dalton

The Entrepreneur’s Survival Guide, J. Cullinane

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 10: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Course Content

Team Formation

Idea Generation

Risk and Uncertainty

Product Development

Markets

Sales

Management

Growth

Financials

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 11: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Assessment

Understanding

Queens University Belfast Innovation & Entrepreneurship CSC4004

Group Project:

5% 10% 20%

2 page business plan. First draft to submit in week 7, 1st Semester 8 page business plan to submit Monday week 11 1st semester. 35 page (max length) business plan. Submit week 11, 2nd Semester

Group Portfolio

25%

Solution demo and technical report. 2nd semester. Same format as Software Engineering Project.

Individual Assessment:

20% 20%

Presentations in class. Development Diary Personal diary of notes taken of presentations by class colleagues and guests (BIT lectures). Summarise and give evaluation of content and delivery. What to imitate, what to avoid. Diary of project meetings, notes, contribution, reflections. What could have done better? What worked well? Hand in end of week 12, 2nd semester.

Page 12: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Development Diary

- Work carried out and individual contribution

- Make notes on minutes of meetings

- Reflect on the roles and responsibilities of the other group

members

- Allows the peer assessment of the System Demonstration

to be validated

- Chance to show their level of research and activity

- Outside speakers

- Case studies

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 13: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Presentations

- Begin 8 October

- 4 Presentations

- 10 minutes

- Topics Provided

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 14: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Guidance

- Begin You have 10 minutes - aim to finish in 8 minutes.

- Pick just one idea to present. Give Examples

- Structure

- Rehearse

- Plenty of eye contact with audience.

“Don’t chew gum, wear a hat, or turn your back on the audience.”

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 15: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Guidance

- Don’t say ‘umm’, mumble, speak too quietly or waffle.

“Use humour sparingly, don’t insult or patronise your audience”

- Encourage questions to get your audience interacting.

“Dress and walk as if you were going to an interview for a top job”

- Most communication is through voice tone, rate, inflection & face / body language.

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 16: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Queens University Belfast Innovation & Entrepreneurship CSC4004

Up-Start Attract Talent

Invest in Innovation

Enhancing the Brand

Strategic Relationships

Page 17: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Technology Themes

Cloud

Mobile/Smart TV

Intelligent Systems

Sensor Technology

Payments

Social Networks

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 18: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Queens University Belfast Innovation & Entrepreneurship CSC4004

Up-Start Idea Generation

High Level Business Plan Development

Product Development and Deployment

Product to Market

Page 19: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Responsibility

Group Formation

Idea Generation

Read in detail over material on Web Site

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 20: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5
Page 21: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Conclusion

21

University ‘Spin Out’ Research in Practice Optimisation

Page 22: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

EventMAP

Experience

Innovation

Leadership

Vision

Page 23: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Engaging Analysing Balancing Reporting

Page 24: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

a suite of software

Page 25: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5
Page 26: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Project Quality Management

• Transfer of Data

• Feedback and Validation

• Scenario Analysis

• Project Portal (Quality Register)

• Presentation

• Reporting

EventMAP Solution

Imperial College London

University College London

Cambridge University

New York University (NYU)

Sorbonne University Paris

United Arab Emirates University

Victoria University Melbourne

Helsinki University

Nottingham University

Derby University

Page 27: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Growth Strategy

Development Methodology

Product Delivery

New Opportunities

Strategic Partnering

Workload

Challenges

Page 28: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Advice

Maximise Team Work

Enthusiasm

Understand Funding Requirement and Availability

Branding, Marketing, Advertisement

Understand Risk

Appreciate Work Load

Stay Focused and Determined

Take Advice with ‘pinch of salt’

Queens University Belfast Innovation & Entrepreneurship CSC4004

Page 29: Innovation & EntrepreneurshipB.McCollum/csc4004/download/Week1_session.pdf · Innovation & Entrepreneurship, Peter Drucker, ( HD58.8 DRUC) Customers for Life, Carl Sewell (HF5415.5

Queens University Belfast

And now…

Innovation & Entrepreneurship CSC4004

What is the big Idea?