Posts Tagged ‘Entrepreneurship#8217;

28
Mar

Immerse into the ieLABS!

Written on March 28, 2014 by Dirk Hopfl in IE University

Find out more about the IE Labs, Start-Up Lab and Social Impact Lab, IE University’s alternative to traditional internships. Aimed specifically for first and second year students seeking high level internship placements, the IE Labs provide hands-on, internship-like experience on campus, working on projects for leading companies and institutions in a variety of sectors.

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15
Jan

Share Anna’s and Lisa’s excitement about the IE MBA

Written on January 15, 2014 by Dirk Hopfl in IE News

WATCH the engaging comments from Anna and Lisa as they talk about their motivations, experiences and professional goals.

WONDER how much the IE MBA can do for you!

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10
Dec

3 start-up benefits that go beyond monetary compensation

Written on December 10, 2013 by Dirk Hopfl in IE News

Gessica Lomonte, MIM Graduate

The following post was composed by one of our MIM Alumni, Gessica Lomonte. You can check out how her start-up is doing, here.

When you are starting a new company finding awesome team members can be one of your biggest challenges. Your salary is likely to be much lower than the market rate; your boss could be younger than you are and you’ll probably become tired of listening to sentences like “We are running out on cash”. It is going to be hard, but living with these kinds of fears will really make an impact on you. Maybe you might not ever gain much in terms of monetary compensation, but on a personal level rewards are priceless. Here are three benefits you will have:

First-hand Experience

Maybe working for a huge multinational company would give you greater security, but on the other hand, it would also entail more corporate ladders and less responsibility. In a start-up everyone is expected to contribute right from the beginning, to actually make decisions and all in an environment with almost no hierarchy, which means you will manage and learn multiple parts of the business at the same time and a faster pace.

The Chance to make a visible Impact

Problems are catalysts for start-ups. Companies are created with the aim of finding solutions for everyday problems, or for making our lives easier. By working in a start-up and given that teams tend to be rather small, you will be able to contribute and be part of that solution through your ideas and your work.

Attitude and Environment

As Steve Jobs said “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do”. But most importantly, whether you love your job or not will depend on the people that surround you. Start-up teams are usually made of young and ambitious individuals, and chances are they are also a bit crazy, or at least that is what the rest of the world thinks of them, just because they believe in the unbelievable – and that positive attitude towards the future will shape your personality.

Maybe your salary will be lower, maybe you will have to bring your own laptop to work, and maybe you won’t have monetary benefits; but you will build great friendships and most importantly you will see the outcome of your actions and you will be seen as a person, not a mere number in the annual balance sheet equation.

First published on the Master in Management Blog.

1
Oct

IE Entrepreneurs: MBA inspired jewelry

Written on October 1, 2013 by Dirk Hopfl in IE News

Doing an MBA at IE and living in Madrid for a year and half is a life changing experience. I have met the most amazing people and made friends all over the world. Madrid is a wonderful city to live in and has plenty to offer, which can sometimes be a challenge to staying focused on school while living there.  When it comes to MBA itself, at first I was very frustrated thinking I was not receiving the knowledge I expected, but it wasn’t until the end of the core period that I realized how much I had changed and the amount I had actually learnt.  It is so that I have gained many skills that I can now apply to my new business.

When I first joined IE, I wanted a career in investment banking or consulting, but during my stay at IE, I realized that I would be mislabelled if I joined any of these fields. I realized that I would only be happy while helping other people and that, if I wanted to help people, I needed a sustainable business model. With the help of friends and a lot of research, I concluded that handcrafted jewelry would be a good line to start with. Finally in March 2013 Fairose was born, with 5 product offerings, which we plan to expand soon. Fairose will devote 25 percent of its profits to help the community and save certain handcrafts from being extent. For the coming 2 or 3 years we will focus on producing jewelry but after we hope to start producing apparel. We also hope we can replicate our model in different countries to help as many people as we can.

By Hany Abdel Shahied (IMBA 2011), first published on the International MBA Blog.

24
Sep

TYBA, winner of Venture Day Madrid 2013

Written on September 24, 2013 by Dirk Hopfl in IE News

BBA Students Eiso Kant and Jorge Schnura talking about their company TYBA and their IE Venture Day win. They explain how the company was created and how it feels to be the first undergraduate team from IE University to win first place at IE Venture Day.

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13
Sep

IE Edutainment: Entrepreneurs’ top tips

Written on September 13, 2013 by Dirk Hopfl in IE News, IE University

Entrepreneurs Martin Varsavsky (founder and CEO, FON) and Bernhard Niesner (co-founder and CEO, busuu.com) met with second-year BBA student Carolina, to discuss success, failure and the right time to be an entrepreneur.

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10
Sep

Rethink Music – Ventures for the music industry

Written on September 10, 2013 by Dirk Hopfl in IE News

Berklee College of Music, IE Business School, and Midem today announce the first-ever Rethink Music Venture Day, to take place in Berlin, Germany on Thursday, October 24, 2013, at the nhow Music and Lifestyle Hotel.

The event merges Rethink Music’s experience in fostering positive change for the future of the music industry and IE’s global Venture Day format to give music entrepreneurs the opportunity to pitch their projects to a team of experienced executives and investors.  It will also offer a variety of learning workshops and discussions for attendees on subjects such as marketing and raising funds for a music enterprise.

Entrepreneurs or companies may submit a proposal to present at Rethink Music Venture Day until September 23, 2013.  Notices will be sent to selected presenters by October 1.  Projects must be “investor ready” with a committed team and a tested business model.  Criteria for assessment will include innovation, team, growth potential, and scalability.  The winner will receive $10,000 legal services through an in-kind donation from Duane Morris, LLP, enrollment in an online certificate program from Berklee Online, a complimentary registration to Midem 2014, and access to investors and capital.

Admission to the Rethink Music Venture Day is free of charge.  Complete information on registration as well as the submission form may be found at rethink-music.com.

“Continuing the tradition of Berklee’s focus on the future via Rethink Music, we are proud to announce a call for proposals from the next generation of music entrepreneurs. The event will provide an inventive platform for launching a new music startup and we are pleased to continue to this work with Midem and IE” says Allen Bargfrede, Executive Director of Rethink Music for Berklee College of Music.

“Midem believes that entrepreneurship and business incubation has a positive impact on the music industry, for this reason we have developed several initiatives such as Midemlab, our startup competition. We are delighted to continue our collaboration with Berklee College of Music and our new partner, IE, for the first ever Rethink Music Venture Day in Berlin” comments Bruno Crolot, Director of Midem.

“With today’s new music industry business models, a Venture Day for startups in music, provides a great networking opportunity for music entrepreneurs, brands and investors,” said Paris de L’Etraz, Director of the IE Venture Lab.

21
Aug

IE Entrepreneurs – Execution is key

Written on August 21, 2013 by Dirk Hopfl in IE News

Gessica Lomonte, MIM 2012, works as a Marketing Manager at cuaQea, a technology startup.

How many times have we read or listened to someone saying that if you have a good idea, the results will come? Well, sorry to say it is not really the case. Having a great idea is key, but knowing how to execute your idea is of paramount importance. In a startup context there is no road map to success, on what to do next, very often you need to make decisions very quickly and foresee if the course of events needs to be changed because it is not giving you the results you expected. You must be willing to take risks and adapt to changing environments and circumstances because not always everything goes as planned.

That being said, you depend on the resources you can make use of, namely time, cash and people. Time can be a constraint and you might be forced to balance the need to build up a detailed picture regarding customer needs against the desire to make decisions quickly. We all know that “cash is king”, no company can think of long-term growth and scalability if it lacks the main resource to make the necessary investments. However, what really makes the difference is the team. Your colleagues are the ones who share your vision and help you turn it into a vivid picture that the rest of the world can see. That is why you must trust your team, empower people around you and be smart enough to know how to capitalize on everyone’s strengths. Each one of the above mentioned affect your future as an entrepreneur, and if just one of them is missing, or it is not correctly “functioning”, that could have a negative impact on your company. The idea is just the starting point, the team behind the scenes is what helps you execute your vision, the available resources you have help you accomplish your objective, but it’s a combination of them all what either makes you a dreamer or a real entrepreneur.

First published on the Master in Management Blog.

 

4
Jul

2,020 start-ups for Madrid 2020

Written on July 4, 2013 by Dirk Hopfl in IE News

IE’s Area 31, the start-up incubator

Three of the startups – Top Around, Pathfinder and 3dPrintMe – developed by entrepreneurs from IE Business School´s Venture Lab Accelerator and Area 31 Incubator are among the 12 winning projects of the ‘2020 for 2020 Startup Madrid’ competition.

The overriding objective of the Madrid 2020 initiative is to showcase the talent of 2,020 entrepreneurs to help them find the funding and guidance they need to launch their businesses in sectors like technology and environmental sustainability  which will play a key role in the future of the city.

“We are delighted to see these startups get the recognition they deserve, these teams have gone from an idea to a validated product in a short space of time demonstrating their excellent capability to execute.  Entrepreneurship at IE is all about doing and these teams are a great representation of the entrepreneurial talent in Spain”, explains Liz Fleming, Deputy Director Venture Lab.

Top Around is a mobile App that helps those eager for knowledge to discover and listen to audio guides and GPS guided tours. It’s a technological platform for tourists loving audio guides, with crowdsourced content which is reviewed & rated by the users themselves. “Madrid 2020 provides us with a top-level media coverage, and positions Top Around as one of the key startups with the greatest potential in the Spanish and international markets in the tourism sector”, explains Daura Carball, Top Around co-founder.

Pathfinder is a social pinboard created to help entrepreneurs reach valuable information, according to their location, needs and main challenges. It’s a virtual space where startups and entrepreneurs could have real perspectives on the resources available curated available to them, such as useful articles, recommended books, events happening nearby, etc. “We’re working to create a better environment for startups and entrepreneurs”, explains Rui Delgado, Pathfinder co-founder. “We’re extremely excited to be one of the 12 startups selected in the first generation of ‘2020 for 2020 Startup Madrid’. It’s not only a challenge for us, but also for Madrid to be able to help 2020 entrepreneurs before the year 2020. Since our startup’s mission is to motivate an entrepreneurial culture, it’s an honor to represent all the potential that Madrid has to offer to the startup world”.

3dPrintMe! is a collaborative platform that enables users to create customized products. The platform makes it possible to share creations with other users, modify, customize, and sell them, thanks to the new possibilities of 3D printing technology. “We are very interested in Madrid 2020 Olympic Bid for the shared values between entrepreneurs and olympic athletes: energy, sacrifice, passion, competition, perseverance, with the sole objective of reaching the goal as winner. We think we can learn a lot from this experience and we are delighted to represent the entrepreneurial talent that Spain has and should spread throughout the world”, explains Silvia Paredes.

13
Jun

Tyba wins TNW Startup Rally

Written on June 13, 2013 by Dirk Hopfl in IE University

Tyba Homepage

Tyba, a project from IE University BBA program, wins the Public Vote Award of this year The Next Web Europe Conference.

Tyba, created by Eiso Kant (22), Jorge Schnura (22) and Philip Von Have (24), all final-year students of IE University’s Bachelor in Business Administration, is an online recruitment tool that permits students and recent graduates to showcase all their professional potential. Young people have been under-represented in the online talent recruitment revolution. Large firms receive hundreds of applications for every job they offer with CVs that are so similar that it is impossible to do an initial screening, and SMEs do not have enough clout to attract the attention of young candidates, and end up spending a great deal of time and money on the search for talent.

Tyba provides a platform where companies can search for, screen, organize and follow up on potential candidates, making it easy to gain fast access to candidates with innovative profiles. Candidates not only provide a description of their professional and academic achievements, but also present intangibles such as personality traits and what they can contribute to the firm, all key factors when it comes to recruiting young people.

Tyba opened its offices in September of 2011 and now has a team comprising 12 people of nine different nationalities. It has obtained €240,000 in funding to date and is currently in the process of raising further funds with a view to expanding to new markets.

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