Workshop 3: Developing Business Models

On Monday, February 25th, we held the third part of our Workshop Series, Developing Business Models. As over 45 students arrived, they made their way over to the baked potato bar to serve themselves some delicious baked potatoes with a variety of different toppings.

Innovation Initiatives Senior Director, Tom O’Donnell, and Professor Hunter Mack the DifferenceMaker® Faculty Fellow from the Francis College of Engineering, led this workshop. As they helped guide student teams through developing their business models, they often gave examples of companies whose business models failed due to their lack of research in a certain area.

To end the night, student teams worked together to develop their own business model by first determining many of the key factors that must be considered before finalizing any business model.

Thank you to everyone who joined us and made Workshop 3 our best turnout yet! We hope to see everyone at the final part of our Workshop Series, Delivering Your Rocket Pitch, which will be held Wednesday, February 27th, at 5:30 in Lydon Library room 110! Come hungry – dinner will be served!

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Workshop 2: Assessing Opportunities and Value Proposition

The second event in our Workshop Series was held Thursday, February 21st, from 5:30PM to 7:30PM in Lydon Library Room 110. This workshop was focused on Assessing Opportunities and Value Proposition. As over 30 students arrived, some delicious fajitas were being served.

The night began with Faculty Fellow, Professor Brent Shell, from the Zuckerberg College of Health Sciences, presenting about what “Assessing Opportunities” really means. He stressed to the students that there is a market for practically everything, but the question is if there is an opportunity or a need within that market.

To finish of the night, Faculty Fellow, Professor Neil Shortland, from the College of Fine Arts, Humanities and Social Sciences, presented about the importance of value in a product or service provided. Both Professors kept it a very fun and engaging night, often asking questions and opening the floor to DifferenceMaker® student teams to share how their product and service ideas can bring value to the consumer.

We would like to thank everyone who made it to Workshop 2 and we hope to see you all at our final two workshops:

Developing Business Models: Monday, Feb. 25th

Delivering Your Rocket Pitch: Wednesday, Feb. 27th

 All workshops will be held in Lydon Library, Room 110, North Campus from 5:30 – 7:30PM!

 Dinner is served at each workshop, so please come hungry!

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Workshop 1: Identifying Problems

We kicked-off our Workshop Series Tuesday evening, Feb. 19, 2019, in Lydon Library, Room 110 with Identifying Problems! Over 40 students and faculty arrived at 5:30PM to engage in Workshop 1. Fresh salad, pizza, chips and cookies were served. Entrepreneurial Initiatives Program Director, Holly Butler, began the night by introducing our guest speakers and giving a brief overview of the DifferenceMaker Workshop Series.

Guest speakers, Professors Iman Chahine and Mazen El Ghaziri, led the workshop and described the questions that needed to be answered in order to identify the significance of each team’s problem. After the presentation, students broke off into new or existing teams to brainstorm problems they were passionate about solving. Students were able to work together and come up with some great problems that needed to be dealt with, ranging from children with disabilities to safe medication disposal systems. By the end of the night, students had created or joined teams, found out the significance of their problem, and gained an understanding of what steps to take next in order to move on with their projects.

We want to thank everyone who came out and shared your amazing ideas with us!

We hope to see even more students at the remainder of our Workshop Series:

Assessing Opportunities and Value Proposition: Thursday, Feb. 21st

 Developing Business Models: Monday, Feb. 25th

Delivering Your Rocket Pitch: Wednesday, Feb. 27th

 All workshops will be held in Lydon Library, Room 110, North Campus from 5:30 – 7:30PM!

 Dinner is served at each workshop, so please come hungry!

 Don’t forget to keep working hard to prepare for the $50,000 Idea Challenge!

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2019 Idea Challenge Kick-Off and Idea Hack

On Wednesday, January 30th, we began our spring semester with the 2019 Idea Challenge Kick-off and Idea Hack! This event was held from 5:30PM to 7PM in the Saab ETIC, Perry Atrium located on North Campus. As the students, professors, and mentors arrived, the night began with a variety of delicious foods and some networking. As over 90 students crowded into the atrium, Tom O’Donnell, Senior Director of Innovation Initiatives welcomed the audience by briefly introducing the DifferenceMaker® Program and providing his own experiences.

Shortly after, the Entrepreneurial Initiatives Program Director, Holly Butler, interviewed a panel of past DifferenceMaker Teams. The panel included Kierra Walsh from UML Green Roofs and Tyler Cote from Operation 250. They described their experiences with the DifferenceMaker Program, where it has gotten them today, and answered a few questions from the student audience.

To end the night, Ha Pho, Entrepreneurial Initiatives Program Manager led our Idea Hack Activity and Discussion. Students stood and explained their ideas for real world problems, involving Health and Wellness, Social Responsibility, and Mobile Applications. Then, others joined teams based on their interests of the ideas. Next, teams brainstormed and added to the ideas. Lastly, they presented their solutions to the audience.

We are extremely grateful for everyone who came Wednesday night to make the 2019 Idea Challenge Kick-off and Idea Hack an informative and engaging event! We hope to see many of the students pitch their ideas at our Idea Challenge event later this semester. Don’t forget, applications are due February 12th! Please apply today: www.uml.edu/differencemaker/ideachallengeapp

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