Difference between revisions of "Team:OLS Canmore Canada/Entrepreneurship"

 
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  <h1 class="headertext">ENTREPRENEURSHIP</h1>
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<h1>Entrepreneurship</h1>
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<h1 class="title">What We've Done</h1>
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<h3>Best Supporting Entrepreneurship Special Prize</h3>
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Our OLS Synbio team has created a project which is desirable by people, viable as a business, and feasible with technology. These are the three main pillars we built our project on.
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In previous years, iGEM had an entrepreneurship track. Teams were encouraged to build projects and focus on commercializing their work. We have now moved to an award as the best work in this area may come from teams who are not solely focused on entrepreneurship.  
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<p>The Best Supporting Entrepreneurship award recognizes exceptional effort to build a business case and commercialize an iGEM project. This award is open to all teams to show that entrepreneurship is something all teams can aspire to do with their project. This award can go to an new project, or to a previous project that a team aimed to commercialize. Have you filed a provisional patent on your project/device/process? Have you raised money to build and ship products? Have you pitched your idea to investors and received money? As always in iGEM, the aim is to impress the judges!
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<p>We have participated in many entrepreneurial workshops and conferences, such as the Berkeley Program, to learn about design thinking. The methodology of design thinking has been applied to each step of our project, over numerous iterations.  After months of research in many areas of study, we were able to narrow down our project to plastics. From there, we decided to focus on the recycling process of the plastic problem because of our outreach. We are grateful for our design thinking education; without it, we would not have had the tools to take this community feedback and help it re-direct our project to a more promising direction. With the knowledge from the Berkeley program, we knew that our idea had to be desirable by people, viable as a business, and feasible with technology, and we were able to pivot to our current direction.
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To compete for the <a href="https://2018.igem.org/Judging/Awards">Best Supporting Entrepreneurship prize</a>, please describe your work on this page and also fill out the description on the <a href="https://2018.igem.org/Judging/Judging_Form">judging form</a>.
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You must also delete the message box on the top of this page to be eligible for this prize.
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<p>You can look at what other teams did to get some inspiration! <br />
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Here are a few examples:</p>
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<li><a href="https://2016.igem.org/Team:Sydney_Australia">2016 Sydney Australia</a></li>
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<li><a href="https://2016.igem.org/Team:Pasteur_Paris">2016 Pasteur Paris</a></li>
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<li><a href="https://2014.igem.org/Team:UCC_Ireland">2014 UCC Ireland</a></li>
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<li><a href="https://2014.igem.org/Team:Imperial">2014 Imperial College London</a></li>
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<p>We pitched our project to representatives from ATB Financial and received important feedback on what to incorporate when presenting a business plan, including advice on how to properly persuade the audience of the viability of our design. Determining the value propositions for our project was something we would not have considered without the input from ATB Financial professionals. We later met with and pitched to the Bow Valley Credit Union and other local business, and received numerous donations - a testament to our community support for our idea and for its viability.
  
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<h3>Patents and intellectual property</h3>
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If your team is seriously considering commercializing and looking into building a company after the competition, you may want to look at how you are going to protect your work and secure investment. Investors will usually require some form of intellectual protection, so you may want to investigate how to apply for a patent or provisional patent in your country and region before disclosing your project at iGEM. Remember that you can only be evaluated in iGEM based on what you share on your wiki and at the Jamboree, so any work you don't present can't count towards your project. </p>
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We presented our project at two different Mindfuel events, including Mindfuel's Alberta Genetically Engineered Machine (a provincial competition for iGEM teams, complete with an amazing panel of judges who provided excellent feedback to refine our project and presentation!), and were honored to win one first place award and financial grants from these events.  
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<p>This is an area where we are different as we care about sharing, openness and contributing to the community and investors don't always agree with these values. It is up to you and your team to decide what to do. Remember that most universities have a commercialization department and that you can talk to them before coming to a decision.  
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<p>Our team attended an entrepreneurship conference and workshop where we learned about how to turn a product into a business and how to give an effective value proposition. </p>
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<p>We also interviewed people who started and own their own biotechnology businesses, including Lisa Oberding and David Lloyd from Fredsense (Calgary, Alberta) and Justin Pahara and Julie Legault from Amino Labs (Lethbridge, AB). Their stories and advice helped us understand how to take a passion for synthetic biology and turn it into a career.</p>
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<p>In addition to all this, our team wrote a paper for the high school peer-reviewed BioTreks journal.  While the article has not yet been published in their newest edition, you can find the link for it very soon on the Biotreks website. <a href="https://bioconverse.breezio.com/article/4947204225990919429/using-synthetic-biology-to-construct-a-pet-plastic-bio-tag-to-improve-plastic-sorting-at-recycling-facilities">here</a>.</p>
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<tr><td class="imagecaptiontext">Members of our team at the Berkeley Program in California.</td></tr>
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Latest revision as of 03:42, 18 October 2018

ENTREPRENEURSHIP

What We've Done

Our OLS Synbio team has created a project which is desirable by people, viable as a business, and feasible with technology. These are the three main pillars we built our project on.


We have participated in many entrepreneurial workshops and conferences, such as the Berkeley Program, to learn about design thinking. The methodology of design thinking has been applied to each step of our project, over numerous iterations. After months of research in many areas of study, we were able to narrow down our project to plastics. From there, we decided to focus on the recycling process of the plastic problem because of our outreach. We are grateful for our design thinking education; without it, we would not have had the tools to take this community feedback and help it re-direct our project to a more promising direction. With the knowledge from the Berkeley program, we knew that our idea had to be desirable by people, viable as a business, and feasible with technology, and we were able to pivot to our current direction.


We pitched our project to representatives from ATB Financial and received important feedback on what to incorporate when presenting a business plan, including advice on how to properly persuade the audience of the viability of our design. Determining the value propositions for our project was something we would not have considered without the input from ATB Financial professionals. We later met with and pitched to the Bow Valley Credit Union and other local business, and received numerous donations - a testament to our community support for our idea and for its viability.


We presented our project at two different Mindfuel events, including Mindfuel's Alberta Genetically Engineered Machine (a provincial competition for iGEM teams, complete with an amazing panel of judges who provided excellent feedback to refine our project and presentation!), and were honored to win one first place award and financial grants from these events.


Our team attended an entrepreneurship conference and workshop where we learned about how to turn a product into a business and how to give an effective value proposition.


We also interviewed people who started and own their own biotechnology businesses, including Lisa Oberding and David Lloyd from Fredsense (Calgary, Alberta) and Justin Pahara and Julie Legault from Amino Labs (Lethbridge, AB). Their stories and advice helped us understand how to take a passion for synthetic biology and turn it into a career.


In addition to all this, our team wrote a paper for the high school peer-reviewed BioTreks journal. While the article has not yet been published in their newest edition, you can find the link for it very soon on the Biotreks website. here.

Members of our team at the Berkeley Program in California.