IMPORTANT: This lecture is only for students assigned to the supplementary curriculum "Extended Studies on Innovation" offered by the Innovation Incubation Center (i²c)! For further information, please visit http://i2c.tuwien.ac.at/home/are-you-a-student/how-to-apply/
***Content decription***
Innovation Project 1+2 - General Content:
The "Innovation Project" of the extended studies on innovation will focus on implementing the lessons learned within the other lectures. Students of the curriculum will work on a concrete innovation project in order to consolidate and strengthen the innovation knowledge in a real innovation case. The lecture starts in winter semester with "Innovation Project 1" and concludes in summer semester with "Innovation Project 2".
The following topics will be covered:
- Customer exploration, problem validation, solution, value proposition
- Design Thinking
- Prototyping, problem-solution-fit
- Business Model Canvas (BMC)
- Competition & Market Analysis
- Milestone-presentations: Marketing-, sales- & PR-strategy, finance plan & financing strategy, extended pitch deck, 3-min.-pitch
- Slide Deck Writing, Storytelling & Pitching
- Demo Day (final pitch)
Innovation Project 1+2 – Format of Course:
The course consists of input- and mentoring-sessions as well as milestone-presentations:
- In the input- and mentoring-sessions on specific topics, experienced mentors support the students in implementing the theory learned in their individual innovative projects.The input- and mentoring-sessions will cover the topics Design Thinking, Problem-Solution-Fit, prototyping, Business Model Canvas, competition and market analysis and product-market-fit.
- In the milestone-presentations, students will present specified aspects of their project to the others and some mentors, who will offer feedback and help them to improve and adapt with asking critical questions. The milestone-presentations will include Business Model Canvas, competition and market analysis; marketing-, sales- and PR-strategy; finance plan & financing strategy; extended pitch deck and a 3-min-pitch deck.
The Diploma Supplement on Innovation will conclude with the Diploma Demo Day, where the students pitch their innovation projects to a jury of potential investors and the best projects will be awarded with special prizes (e.g. the acceptation into the TUW i2nkubator program or a place in the co-working space Founder Space).
Innovation Project 1 – Detailed Content
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Day 1: Design Thinking Workshop: Project pitching, Customer exploration/problem, problem validation, solution, value proposition, prototyping, problem-solution fit
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Day 2: Input- and mentoring-session Business Model Canvas
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Day 3: Input- and mentoring-session Competition & Market Analysis
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Day 4: 1st Milestone-presentation + feedback: Problem, Solution, Validation, Prototype, Business Model Canvas, Competition & Market Analysis
1. Design Thinking Workshop (Stefan Kreppel, Tom Peruzzi):
Schedule:
- Design Thinking in a Nutshell
- The Rules of Design Thinking
- The “Wallet Experiment”
- Presentation of the problem statements of the student teams
- Selection of the top problems à Teams to work on during this workshop
- DT loops for the ideas incl. prototyping and testing
- Presentation of the best ideas
- Next steps for all students/team
Pre-Preparation:
Learnings and Takeaways:
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Basic understanding of Design Thinking
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New points of view for the presented problems
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New ideas to further develop
Next Steps:
2. Business Model Canvas Workshop (Alexander Peruzzi)
You will get an input on the Business Model Canvas and then you will work on your own canvas with the support of various mentors.
3. Competition & Market Analysis Workshop
"The #1 company-killer is lack of market." - Marc Andreessen (entrepreneur and venture capitalist)
There are many brilliant founders and teams working on beautiful and exciting products or services. But those solutions will only provide significant value if they reach the market they were designed for. Many experts agree that the leap from a startup to a company is one of the most crucial scenarios to focus on. This stage is often defined as the so called product market fit. In this lecture, you will learn how to identify and understand your market, how you can outperform your competition and ultimately bring your solutions to scale.
Part 1: Competitive Advantage
Learning Objectives: No company is good at everything. Identify your potential advantages to position yourself successfully in your desired market.
Content:
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Blue Ocean Strategy
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Finding your USP
Working Session:
Part 2: Market Analysis
Learning Objectives: Understanding the dimensions, dynamics and characteristics of your target market is crucial for successful go to market strategy.
Content:
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Market characteristics
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PEST analysis, ADL Matrix, Porter’s Five Forces, SWOT Analysis
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Identifying market growth
Working Session:
Part 3: Product Market Fit
Learning Objectives: Understanding the relevance of product market fit as well as its implication on the creation of a solution (product/service) as a young company.
Content:
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What is Product Market Fit?
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Why is it relevant?
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How can I target my current activities?
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Which distribution channels should I use?
Working Session:
4. 1st Milestone Presentation:
At the end of the first semester, you will present the current status of your project in the first milestone presentation in front of your colleagues and a jury of mentors, who will both offer feedback.
Presentation Topics: Problem, Validation, Solution, Prototyping, BMC, Competition & Market Analysis
INNOVATION PROJECT 2 – DETAILED CONTENT
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Day 1: 2nd Milestone-presentation + feedback: Go-to-market-strategy
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Day 2: 3rd Milestone-presentation + feedback: Finance Plan & Financing Strategy
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Day 3: Workshop: Team Excellence
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Day 4: Workshop: Storytelling & Slide Deck Writing
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Day 5: 5th Milestone-presentation + feedback: Extended pitch deck
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Day 6: Workshop: Pitching
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Day 7: 6th Milestone-presentation + feedback: 3-min-pitch
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Day 8: Demo Day, final presentation
Workshop: Team Excellence
Description will be added soon
Workshop: Storytelling & Slide Deck Writing
Description will be added soon
Workshop: Pitching
Daniel Cronin is the pitch expert and he will explain what makes a good pitch. With a game, students practice spontaneous pitching. After the workshop, they are ready to prepare their final pitches for the Demo Day.
***Lecturers***
Thomas Peruzzi founded aicooma in Austria, Switzerland and Germany and built it from scratch till earn-out in 2012. He then rejoined University in York for a second Master Study and took over several interims C*O positions in digital startups like laterpay or gigaset elements. Beside that he angel-invested in digital startups like getwiser, spireglobal, adespresso and advised emerging startups with his strong product and Technology background. He is boardmember of Crate and Advisory Board member of admoment, meinkauf, laterpay, refz.co and roq.ad. Thomas lectures Innovation Management and Technology Leadership and is a respected speaker for European Corporates with regards to lean product management and how to avoid the innovator's dilemma. International VCs and corporate ventures trust his view on technology during due diligence processes.
Stefan Kreppel is one of the leading start-up experts in Austria. He is now head of open innovation at Palfinger. Before, he worked as the start-up representative of the Austrian Research Promotion Agency (FFG) and was responsible for the start-up related funding and financing schemes with in this organisation. He also works as a speaker and juror in the start-up area with a focus on sustainable innovation and entrepreneurship in general. Furthermore Kreppel is mentor and coach off several Austrian start-ups and serves as a facilitator for the Austrian community. As an advisor he works on the transaction between the public and political sector and the start-up community. As an inventor and innovator he holds several out licensed international patents, developed several graphic designs and is highly influenced by design and open innovation approaches. Stefan was investment and funds manager of Raiffeisen Mezzanin Partners, a mezzanine funds with 60 millions under management. Prior he managed the first Austrian business angel network i2 with over 100 business angels as members. Kreppel obtains an environmental engineering degree from the University of Natural Resources and Life Sciences in Vienna and holds a Master's degree from the Danube University Krems and the CWRU Cleveland.
Michael Heiss is Principal Consultant for Digital Enterprise at Siemens. He studied Electrical Engineering at TU Wien, made a post-doc at MIT in Boston, started his industry career at Bosch and is since 1996 with Siemens in various leading positions for Knowledge, Innovation and Technology Management always with a focus on Open Innovation and Knowledge Networking. He is also and Vice Chair of IEEE Austria and Chair of the IEEE Technology Management Council, Chapter Central Europe.
Florian Glatt-Wodzynski is marketing consultant with a double focus on management accounting and innovation. He has a proven track record of over 15 years across the whole value chain. His last responsibility was as country Marketing Manager for the Austrian subsidiary of an international healthcare company. Previously, he performed in marketing and management accounting for IT companies (Oracle and IBM), as well as in Life Sciences (Boehringer Ingelheim, JnJ). Florian’s area of expertise spans from quantitative strategy including developing the business model, targeting and pricing to execution by developing targets, KPIs, initiatives and automation. Clients value his holistic approach to measure rigorously marketing efforts for effectiveness and efficiency – following the rationale that you can only manage what you can measure. Florian graduated with a double degree CEMS Master from HEC Paris and the Vienna University for Economics and Business. He lives in Vienna and is fluent in French, English and German.
Voraussetzung für die Anmeldung ist eine Fortmeldung zu einem der folgenden Studien:
