Do you have an idea? Do you think that it potentially might become a business? Hesitating about how to finance your project? Watch the video and get inspired by the IE Venture Lab and the investors network created around it. May be IE might be the channel for you and your start-up…
Posts Tagged ‘IE Venture Lab#8217;
Written on April 12, 2012 by Dirk Hopfl in IE News
IE Impact Weekend is back and once more sets out to share ideas and develop socially responsible business plans by bringing together students from IE Business School with social entrepreneurs from across Spain. The main goal: to reach impact!
Created by IE Business School and IE Venture Lab, along with strategic partners such as the IE Net Impact Club and iWeekend, the Impact Weekend experience will take place in Madrid from 20th to 22nd April 2012.
How does it work?
After an open idea submission period, which will end on April 11th for IE students, everything will start with a Pitch Your PeersSession on Friday evening. During this session a short list of 10 ideas will be presented in front of an audience of judges and Impact Weekend participants. The 5 ideas that will appear most promising will then be handed over to 5 IE students/alumni who will work on each of them on Saturday and Sunday, using innovative and practical methodologies to build scalable ventures that address real-world issues. Cocktails and tapas will make the evenings even sweeter.
The winning team will be announced on Sunday and be provided with a direct entry into the next IE Venture Lab as well as some valuable media attention. The second- and third-place teams will have an opportunity to pitch their ideas at IE Venture Network events.
Thus, submit your idea, learn how to create social impact through business, gain unique networking opportunities and make “social responsibility” two words that should be on everybody´s agenda!
Written on April 11, 2012 by Dirk Hopfl in IE News
Hi Prateek, thank you for taking the time to share some insights about your IE experience. Please tell us a little bit about yourself before we get started!
Well, my name is Prateek Rathore. I am from India and I am 24 years old. Currently, I am finishing the second core period of the Master in Management Program here at IE. I am a computer science engineer and did my undergraduate studies at IIT Delhi, considered one of the best engineering colleges in India. Before coming to IE, I also worked at the Royal Bank of Scotland for over a year. I like to travel; have travelled across 16 countries in Europe and a lot in India as well, and I’ve also choreographed dance teams at various national-level competitions.
Thanks Prateek! And now a question that might be interesting to prospective students; why did you choose IE as your center of excellence?
First of all, it is not a secret that IE is one of the best schools in the world that offers a master program in international management. Besides, I am a firm believer that in management studies, one learns more from one’s classmates than from the professors, and given that diversity is one of IE’s core values, it made my decision to apply to IE fairly easy. In addition, as I am very interested in technology, IE is one of the only schools to my knowledge that offers a specialization in Digital Business which I am about to start in a few days. And last but not least, I applied to IE because of the Venture Lab and the overall entrepreneurial spirit it instills in the students here.
Perfect! Prateek, but what about your actual IE experience? Now that you have completed two of the three core periods, what are the things that stand out during this time?
The one thing that immediately comes to my mind has to do with how classes are being taught here at IE. The case methodology really makes the classes more interesting and interactive while giving one a great variety of practical as well as theoretical knowledge about different sectors in the market. Another thing that stands out is the competition between classmates. Everybody and when I say everybody I mean everybody, is competitive at IE. However, it is a healthy competition because people really grow together, learn from each other and many times help each other with problems. One more reason to do so may be the high workload here, as you simply cannot complete all the tasks by yourself. And this brings me to my next point. Over the last two periods, I really learned how to manage my time and prioritize the things that I had to do. IE offers you many extracurricular activities, such as speeches, workshops, weekly meetings etc.; thus, you really have to learn how to manage your time well if you want to grab as much as you can on the way. And, I think I don’t have to tell you about the Madrid night life; it’s amazing. But I guess the most important thing is truly the diversity in class, on campus and even in Madrid. You can get so many different view points on a topic that you feel like you grow with every class discussion while your global network keeps increasing day in and day out. Read more…
Prof. Paris de l’Etraz’s masterclass, held in Tokyo on Febuary 19th, brought a big crowd of attendees drawn by the topic: ‘Think like an entrepreneur’.
Drawing on both his long and illustrious work experience, as well as his decision to take on the challenge of starting his own company, Prof. de l’Etraz explained what makes an entrepreneur and what he/she needs to do to succeed. Prof. de l’Etraz spent over 20 years in investment banking and venture capital, mainly at UBS Bank and ABN AMRO. Since 2005, he has continued to be in the business of either raising funds, setting up new companies, selling or buying companies through his group Amazing Lab.
However, his description of ‘quants’ (mathematically minded individuals who exhibit a closed mentality and cannot deal with ambiguity at work) really brought the room alive, many participants recognizing themselves in his description, and others wondering if they are, in fact, quants as well.
Prof. de l’Etraz explained that in our rapidly changing world, higher levels of certainty cannot be created by generating more information, being obsessed with objectivity and the sacredness of numbers. It’s in fact open-mindedness that is critical to face uncertainty and understanding the complexity of globalization and new business models in order to create sustainable corporations in the long-term.
The Q&A session after the masterclass was particularly lively, and conversations about being a quant, and how an IE education can help to overcome one’s ‘quantness’ flowed over drinks.
If you missed his engaging presentation, you can review his latest TEDx presentation on the same topic here.