Last week 4th grade completed their third feasibility test. Seven ideas where tested, and some of them showed huge potential. Maybe a future NSE business will emerge from one of the ideas? In two weeks they are heading off to CERN, Switzerland, to execute the fourth test based on technology developed there.
Feasibility Studies is a very important course during the first semester at NSE. The course is practical, where the students evaluate the commercialization potential of business ideas. Both external and internal ideas are tested. At the end of the semester, the students team up and choose the idea they want to commercialize.
Feasibility Studies is not like any other course at NTNU. A whole week is dedicated to one feasibility test, where the students gather information from hundreds of contacts. The results from the feasibility studies are presented in a report and in front of a panel of experts. To say that these weeks are hectic is an understatement, but the students are given a unique possibility to stumble upon ideas that can develop to be the next big thing. Thus the course fits with NSE’s slogan: “Not because it’s easy”.
Sometimes it is easy to forget, but NTNU School of Entrepreneurship is much like a startup itself. We are always working on improving and developing the school – growing and learning every year. However, our focus on improving internal academic processes sometimes requires us to take a step back and take a look at ourselves from the outside.
During the spring we have been developing a new profile and communication strategy for NSE. Our unique network of partners calls for NSE to be even more open about our processes and share more of both our academic and business results with external actors. Our website has always been an important communication channel for us, connecting us with interesting applicants and exciting new business partners.
So here it is! We are proud to launch our brand new fully responsive website, with a complete rework of our application page, feasibility study process and startups. Feel free to take a look around! We hope that you like it and find the information you are looking for!
Got some feedback for us? We would love to hear your thoughts about it and you are more than welcome to send them to us at firstname.lastname@example.org!
Miss our old site? Hope not…
The startup Aalberg Audio is today launching the world’s first remote controlled effects pedal for electric guitars. The solution moves guitar effects from a stationary pedal to the performer’s hands allowing them freedom to move around anywhere on stage for the first time.
–Our solution is highly liberating because it means guitarists can access all our effects no matter where they are on the stage – which is great for creativity, says Aleksander Torstensen, CEO & Co-founder of Aalberg Audio and former NSE student. The innovative technology gives the player greater ‘in-the-moment’ control of their sound and dramatically enhances the playing experience. They are today launching a campaign on Indiegogo where you can preorder the remote controller, AERO, visit their campaign here.
Dirtybit reached 45 million downloads this week and they recently launched their second mobile racing game, Dino Dash.
The financial Norwegian newspaper Dagens Næringsliv today covered the amazing story of DirtyBit and their grand success FunRun.
Dirtybit has established itself as one of Norway’s most promising mobile start-ups. The have seen an remarkable growth since Fun Run was launched September 5th, 2012. They reached #1 in US Apple App Store on December 11th, 2012, and now 45 million dowloads worldwide.
– This is only the beginning. We will now leverage our success to grow further, says COO & Co-Founder Nicolaj Broby Petersen. Petersen and VP of Business and Marketing, Aurora Klæboe Berg, both graduated from NTNU School of Entrepreneurship in 2013 and 2014.
Assitech was the absolute hottest startup when the first Live Crowdfunding Experiment in Norway was held under Technoport this week. Technoport and FundedByMe presented Norway’s first and live equity crowdfunding fair at Studentersamfundet where four startups presented themselves to sell shares to those wanting to invest.
Assistep, the device that gives extra support for climbing stairs, and helps elderly to stay active and independent, finished in an outstanding first place when they managed to reach out to a hungry crowd of investors.
NSE Alumni Halvor Wold and Erik Medbø overwhelmed the audience with their perfectly executed pitch, resulting in Rune Sævik, Chairman of the jury and investor at Investinor, took out his checkbook himself.
With an amazing rally in under a week, and over 600 000 NOK in equity funds received, other renowned nvestors stood in line to talk to the founders of Assistep.
This is just the beginning!
The only outdoor equipment company from NTNU School of Entrepreneurship is launching their first product Amok™ Draumr™.
It is a one of a kind hammock. It is for those of you who need a break from the busy life of society and just want to spend some time in the great outdoors. The patent pending hammock has several functions that makes it special compared to known solutions. Are you a side sleeper? Back sleeper? Stomach sleeper? They got you – The flat and innovative lying position the hammock has, suits us all. It can also be adjusted at various angles from the normal lying position up to a comfortable chair. When out in nature this feature is perfect for many applications. Read a book, have breakfast in bed, sunbath – you name it. This implies that you will be perfectly comfortable in nature while gazing at the stars – without the rock in your back.
Amok™ Draumr™ is now available for a limited period of pre-sale, and goes for as low as 2499 NOK at Amok web shop.
Team Mime, consisting of three NSE-graduates Arif Mirza, Vebjørn Kjærvik and Patrick Carstens, won the prestigious NSE Business Plan Championship. This is an internal competition for all students attending NTNU School of Entrepreneurship. Participating teams were required to analyze real-life business problems, write a business plan and present it to a jury consisting of renowned investors and management companies.
There were a total of nine teams participating from the fresh 4th year students. Of which, five of the teams went through to a final round. According to the jury, the presentations reached an all-time high in both quality in the business plan and presentation execution. Mime scored high on several judging parameters, including outstanding business concept, credibility in ability for future execution, high energy in presentation, modesty in relation to achievements of objectives etc.
The winning team will also participate in Global Venture Labs Investment Competition (GVLIC) – “The Oscars of Business Plans”, in Austin, Texas in the beginning of May.
Winners of last year, Aalberg Audio, used the trip to Texas as a springboard for the launch of their award-winning product, with great success.
Stay tuned for updates on Mime.