Week two has been rather productive for NYX, we made great headway with our Value Proposition (VP) along with developing our first canvas. Our biggest struggle so far has been developing two variations on our current BMC. What I've found rather interesting about this particular exercise is that unconsciously whether we recognize it or not, we tend to put ourselves in a box
Read More …
Note: Click to enlarge
The Nyx Resistance team is moving along. We have started to naturally take our roles within our team and venture. This made it easier when developing our roles and responsibilities. The only time we can all meet is a little inconvenient, because it is on Friday when most of don’t have classes. But when we do get together we work hard and efficiently in order to move forward
Picking up Nyx Resistance again has reignited my passion for innovation, business and entrepreneurship. It really made me realize that entrepreneurship is a way of life, you must live and breath your venture. Having that passion towards your venture is what is going to set you apart. This passion will make you work that much harder to make those connections, to make those
Over the last week I've spent a great deal of time thinking at large about NYX and it's product line. The two companies that I've started to research and study as of late are Lululemon and Under Armour. Both of these companies essentially have built their product line around a niche market for which both expanded upon within their first six months of existence. For example,
This week the team met to create the Business Model Canvas. It went well since NYX members work well together. A mantra, twitter summary and value/principle statements were developed. If the first team meeting represents the rest, NYX will be a supportive, entrepreneurial team. This week brought positive results. The team identified some challenges that will have to be dealt
Hydraulic Fracturing, aka “Fracking” is a relatively new method of extracting natural gas from shale. Highly pressurized water is forced into the shale, fracturing it and releasing natural gases.This innovation has made natural gas a much more accessible energy source that is estimated to satisfy the current energy demand for 250 years. This estimate does not include areas
This “unique” and “innovative” product designed by French company Feel Addicted was created to help fix dog’s sexually motivated behavioural problems.I chose this as an info bit because it is an example of a daring, entrepreneurial movement. This product will have a first mover advantage within the established pet care industry. This is an example of an innovation that not
As of September 21st 2011 researchers in the CERN laboratory near Geneva have discovered subatomic particles that actually travel faster than the speed of light. it was recorded these particle could hit speeds of 299,792 kilometers per second. This discovery would disprove Albert Einstein`s theory of relativity and there fore change all modern physics as we know it. This is
I recently came across an interesting new product that has hundreds of other uses other than the inventors intended for it. these uses present opportunities for companies to innovate and turn a profit. I present you Sphero, a remote controlled robot that is controlled via your I phone. As it sits the technology is only being used as a toy function when it can be infused with
I recently came across an interesting article written by Elaine Ilavsky in The Globe and Mail. She provides 5 interesting tips (that I've condensed) on how small businesses can grow and become "Blockbusters". Tip 1: Own The Script - Learn to adapt and change your business plan as you go. Tip 2: Create An Engaging Trailer - Be able to share your concept creatively with
Info bit #1 Digital Media Zone is a Canadian entrepreneurship hub that is giving life to innovative and new ventures in downtown Toronto. http://digitalmediazone.ryerson.ca/ I had the opportunity to visit Ryerson’s Digital Media Zone (DMZ) last May. The DMZ is an incubation centre that is funded by both Ryerson University and the Government of Canada. The centre is in the
In the video above, Sir Ken Robinson discusses the current education system and its negative effects on creativity. He goes onto argues that kids are born naturally creative and when they don't know any better they are far more willing to take a chance and make mistakes. In other words they aren't afraid of being wrong. In the same sense, if you're not prepared to be wrong,
This is a great invention for any student. Especially if they have trouble concentrating. Free Logics new device allows you to monitor your brain activity by simply attaching to your leg or arm. Body Wave by Free Logic will tell you exactly when you have reached a peak performance state, if your being distracted, and can help you get back on track. It uses signals from your