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  • Student Investor Day 2024 – “An invitation to join the next big businesses on their journey” 

    Student Investor Day 2024 – “An invitation to join the next big businesses on their journey” 

    By Vilde Falck Husum

    Stian Bongard, co-host and project manager of the event, opened his welcome speech by highlighting the main purpose behind arranging Student Investor Day year after year:  

    The goal is to connect the right investors within early-stage investment to some of NTNU’s most qualified startups. Together, they have the possibility to develop and commercialize technological solutions.

    – Stian Bongard
    Opening talk from co-host Stian Bogard
    Welcome speech by project manager Stian Bongard

    Tech Week focuses on technology that facilitates sustainable development within crucial areas such as ocean, health, energy, and digitalization. Furthermore, this event connects academia, industries, entrepreneurs, authorities, and capital – some of the most important contributors to innovation. As pointed out by co-host and project manager Henning Philip Patricksson, it was a natural choice to partner with Tech Week as it provides the right scene for both students and investors to meet up and connect. This implies a selection of investors that match the attending startups, as well as an opportunity for the students to showcase their businesses. Additionally, it ensures a high level of quality, encouraging investors with busy schedules to participate. A total of 18 businesses were represented by 40 investors, a number that proves Student Investor Day to be of great value for both startups and investors. 

    Students pitching their business ideas
    Scoped pitching their business idea

    Nine startups had the opportunity to impress the investors as well as a jury with their business ideas. Each startup had a timeframe of three minutes to pitch their vision with the chance of winning “Best Business Idea” as well as the “Sustainability Award”. In addition to a money prize, the winner got the opportunity to enroll in 6AM’s accelerator program, named “best accelerator program in the Nordics” in 2024 by the Financial Times. Through participating, startups get access to resources such as funding, network, mentors, workshops and travels, to name a few. The jury selecting the Sustainability Award winner consisted of Kristin Jørstad from NTNU TTO, Jan Eilert Nilsen from Sparebank 1 SMN, and Øystein Eriksen from Nysnø Invest. Additionally, Best Business Idea was voted forward by the investors based on the pitch as well as a speed dating round with each of the startups. 

    Investors watching as startups pitch their business ideas

    Marcus Nickelsen, Head of Startups at 6AM and representing Ginst Capital, has participated at Student Investor Day since the beginning. He applauds the event for giving investors a chance to get to know each startup through the speed dating rounds. At this stage, he looks for certain cues that indicate a business is heading in a promising direction. If a startup has a good market segment, competence, and consistent product development, they have a good chance at future investments. Further, Nickelsen describes the importance of an event such as Student Investor Day through its win-win arrangement:

    The most important point of this event is that you get to showcase the best startups from NTNU at that time, and the value proposition for all investors is that they want to participate as they get a yearly update on just that – the best NTNU startups. The consequence of not showing up is to miss out on an investment round for a company that might make it big in a few years.

    – Marcus Nickelsen
    Investors and startups talking
    Investors and startups during speed dating

    Even though participating startups might be premature for investment at the first meeting, they have a chance at making a good match the next year. This highlights how Student Investor Day is as much about networking and nurturing long-term prospects and how the event brings value to all participating startups as well as investors. It’s not just the competition part of the event that creates opportunities, even though it is a great bonus.

    Impressively, Arctic Protein won both the Sustainability Award and Best Business Idea. Congratulations are in order! It is even more impressive as they won the Sustainability Award last year as well. As Nickelsen states, it is important to note that these startups are not just short-term student projects, but real businesses with scalable business models and international intentions. The goal is therefore to create the next big tech giants worldwide. Student Investor Day functions as an invitation for investors to join this journey. We are excited to see where this year’s startups are heading and already looking forward to next year.

    Winning team, Arctic Protein,  poses with awards
    Arctic Protein wins both Best Business Idea and the Sustainability Award!

    Lastly, congratulations to all participating businesses on their achievements! Here is the complete list of attending startups:

    Arctic

    Protein 

    Enmo 

    Mush 

    Naya 

    Scoped 

    Tendro 

    Tone 

    Useless 

    Wepost 

  • EiT Innovation Awards – A glimpse of NTNU students’ unique ability to innovate

    EiT Innovation Awards – A glimpse of NTNU students’ unique ability to innovate

    The very first EiT Innovation Awards was held May 3. This event was a pitching competition featuring project ideas from EiT student teams, where a winner was to be selected and a total of 10,000 NOK awarded!

    By Pernille S. Osmundsen

    Experts in Team (EiT) is a master’s course taken by students from all faculties at NTNU. The students work in interdisciplinary teams on projects that aim to create value for society. The Experts in Teamwork Academic Section is currently engaged in a project focusing on enhancing innovation and value creation in student projects. Given SFU Engage’s focus area on student innovation, a collaboration ensued. The objective was to conduct an event where EiT teams could further the value they contributed, and what is more engaging than a competition?

    Five teams in total were competing in the Innovation Awards.

    The outcome was an event where students from various EiT villages could showcase the projects they had been working on this spring. The competition was open to all EiT teams to register, and eventually, five groups covering a wide range of problems and solutions took to the stage to present their ideas.

    To demonstrate to the students the broad and accessible innovation environment at NTNU, the event started with a presentation on this topic by Ragnhild Nordeng Fauchald. She is a PhD candidate at SFU Engage and explained why it is important to be engaged and the opportunities available when working on innovation.

    Ragnhild Nordeng Fauchald presenting the Innovation environment at NTNU.

    Following this, the five EiT teams took to the stage, each having five minutes to pitch the problem they aimed to solve and their idea. The judging panel, representing key players in Trondheim’s innovation ecosystem, included members from 6AM Accelerator, Futurum Ventures, Gründerbrakka, and SFU Engage. After the pitches, the panel posed questions that the teams needed to answer before the next team could take the stage. The teams came from five different EiT villages, and these were their project titles:

    • Icebreaker: “Lek-E-skap” takes play outdoors to the schoolyardTBA4856 Innovative Sports Facilities
    • How to counteract energy poverty in a smart energy future?AAR4912 Climate-Neutral Trondheim 2030?
    • WattMobile (smart energy administrator) – TIØ4855 Smart Energy Management
    • Virtual Theory Test – An innovation project for Statens VegvesenPED3801 VR/AR and AI in Learning
    • The Salmon Billionaire (knowledge enhancement in aquaculture) – TMR4853 Aquaculture – Technology on the Premises of Biology
    The first team out, pitching their idea of a playground equipment box.

    The first group to present spoke about their solution to playground equipment issues and said that although they were not experienced presenters, they enjoyed gaining experience pitching their idea. The final group presented a game to enhance expertise in aquaculture in an entertaining way and found it nerve-wracking to be on stage. However, they also expressed excitement at challenging themselves in something so different from their usual academic work. They further shared that it was exciting to learn about the innovation environment in general and to see the possible paths one could take if you have an idea and want to work on a product.

    The judging panel questioning the EiT-teams.

    The five teams gave the panel much to discuss, while the rest of the attendees enjoyed some food as the anticipation of who would win grew. 6AM Accelerator provided the winning prize, which was a cheque for 10,000 NOK, along with advisory services to further develop their idea. After careful consideration, the winners were chosen. Anna Johanne Holden Jacobsen, Olav Anglevik Seim, Christian Le, Caroline Grimsrud and Harald Bjerkli, with their idea of using VR for theoretical traffic training walked away with the victory. Proud of their product, they found it exciting to showcase it and experienced the competition as educational. They talked about the importance of being able to communicate and market their idea and were pleased to see that there is a market for such innovative solutions.

    The winning team, from the left: Olav Anglevik Seim, Christian Le, Anna Johanne Holden Jacobsen and Harald Bjerkli, not on the picture: Caroline Grimsrud.

    Overall, it was a successful event where we got to see the vast scope of ideas that can come to life through the EiT course, and we look forward to future EiT Innovation Awards.

  • Stage Two 2024! Europe’s Largest University Venture Competition

    Stage Two 2024! Europe’s Largest University Venture Competition

    By Heidi Grande

    Stage Two Aftermovie 2023

    Who can participate? 

    Any NTNU-affiliated team that meets the following criteria can qualify: 

    • The startup has not raised more than €500,000 in equity capital and €1,500,000 in grants.
    • The team is seeking early-stage funding (or will be in the next 12 months).
    • The startup is a game-changer and has the potential to revolutionize the targeted industry.
    • The startup has an org.nr.

    How to Qualify? 

    Fill out this form by Sunday 09/06/2024, 23:59: https://nettskjema.no/a/stagetwo24 

    In the form, you will fill in and answer some questions about your startup, and you will submit a 2-pager containing information about: 

    • Value proposition 
      Briefly, what is your business idea?
      What value does your business idea offer to the market?
      What is your Unique Selling Point?
    • Team 
      Who is behind the idea, and why are you fit to succeed?
    • Problem 
      Which problem(s) do you aim to solve with your idea?
    • Solution 
      What is your concept, product, or service?
      What makes it unique, scalable, doable, or new?

    The deliverable should be a maximum of 2 pages, you choose yourself how the format and structure of the 2-pager are. 

    Qualification Process: 

    The five best applications will be invited to pitch in front of an expert panel, whereas one of the teams is chosen to represent NTNU at this year’s Stage Two! 

    We are looking forward to reading your applications!

     

  • Innovation in gaming happens whether we like it or not!

    Innovation in gaming happens whether we like it or not!

    By Pernille Svartveit Osmundsen

    Engage and NTNUI E-sport, in partnership with Equinor and NTNU, hosted Chapter 2 early in April. This year, as last year, the event was divided into two parts. Lectures, a panel debate and some fun activities at the beginning of the day, and in the evening, there was gaming at Jotunheimen E-sport centre. It was a tight schedule with a visit from one of the world’s biggest E-sport organisations, that talked about their work. A presentation from how a fulltime gamer, Veronica Langø (@msvosch), managed to start her career, an E-sport show match, and much more.

    Gamer Veronica Langø, with alias msvosch talking about her experience of pursuing a career in streaming.
    @msvosch talking about her experience of pursuing a career in streaming.

    Students from a great variety of study areas came to the event and was pleased with all the information and perspectives they got. One of the biggest audience favourites was the panel discussion with Bitfix, Jotunheimen and NOVA. Here the students were able to hear, among other things, concrete examples of the organisations helping kids to feel a sense of accomplishment and take part in normal schooling again.

    The panel discussion with Bitfix, Jotunheimen and NOVA.
    The panel discussion with Bitfix, Jotunheimen and NOVA.

    Both Simen Voxen, PR manager for NTNUI E-sport, and Simon Sætre that lead the event from Engage’s part was happy with the event. Sætre, who is the brain behind the idea of the event says there is so many students at NTNU that deserves to take part in the innovation environment. As a gamer himself, he wanted to bring together people interested in technology with different professional backgrounds and thought gaming was the perfect gathering moment. Sætre says, «gaming is now fully on its way into working life» and that you can see aspects of it whether you work as a teacher, doctor or engineer. He says that because of this, students need to be lifted out of seeing gaming as something that only is social and fun.

    Without doubt gaming is a growing part of our life, and the development on these fronts is not slowing down any time soon. According to a report from the Norwegian Media Authority in 2022, 86% of those between the ages of 9 and 18 play computer games and over half say that they socialise through gaming. But gaming is not just for the younger ones. Figures from Statistics Norway also indicate that more than half of everyone under 45 do play computer games daily. These numbers, together with the fact that skills developed through gaming can be transferred to working life, shows how important investing and innovation in gaming is. One of the students present at Chapter 2, Zabine, says that it is essential to show the importance of innovation on this front too. Especially with so many from elder generations that does not have knowledge on all the opportunities that exists within gaming.

    Many students clap for the next lecture
    Students from a great variety of study areas came to hear about the opportunities within gaming.

    Another audience favourite from Chapter 2 was hearing how Equinor works with simulations and how experience from designing games can lead to jobs with similar work tasks but very different outcomes. To hear how gaming was linked to working life and the opportunities there, was something the students, really appreciated. One of them, Ragnhild, emphasizes that gaming can be about so much more than just fun games. She refers to Equinor and their work and elaborates how this can lead to something entirely different, like VR-simulating for medical student to practise.

    Simon Sætre is on stage opening the event Chapter 2 in front of the students.
    Simon Sætre (on stage) opening Chapter 2.

    Voxen says there is people with a lot of engagement and dedication to gaming, but they don’t know where to start. He says through this event they got to see a path into a working life through gaming and hopes it can inspire student to dare to take a chance and go for a career they want, although it is out of the ordinary.

    Both Voxen and Sætre is satisfied with the event and how much bigger than Chapter 1 it got. Now they can’t wait for Chapter 3 and Sætre says he wants a hole book in the future.

  • Entrepreneurship education for better learning

    Entrepreneurship education for better learning

    To resolve the grand challenges of our time, we need people from different disciplines to think and work together, both in the form of starting new ventures and by creating changes in organizations and communities.

    An entrepreneur is a person who can spot and create opportunities, find solutions and gather the necessary resources to bring ideas to life, and thus, create value for others. In this course you will learn to think and act more like an entrepreneur – together with people from different disciplines – and you will learn how you can inspire your students to develop entrepreneurial competence so that they can become change agents in their respective workplaces after their studies.

    The course is offered both in Norwegian and English, both physically and online (see dates for the fall 2024 below).

    Entrepreneurship will be taught in a dynamic interplay between theoretical input, individual reflection, problem-solving and discussions in groups. In a friendly and supportive environment, you will train “pitching” skills, and give and receive feedback to other participant’s ideas and presentations. You will learn how to challenge your students to use live cases and work in interaction with individuals and organizations outside the university. Upon completion of the course, you will have created a plan for how to integrate entrepreneurial aspects into your teaching.

    We anchor our teaching in Engage’s educational framework, revolving around the five pillars act, reflect, interact, embrace (risk and uncertainty) and challenge. The framework leans on experiential learning pedagogy. In the online version of the course, we are extra aware of ensuring variation and give frequent breaks, to maximize engagement and learning.

    Courses autumn 2024

    Physical courses:
    English physical version – Gruva, Campus Gløshaugen, NTNU, Trondheim, Norway.
    October, 28th and 29th. 09.00-16.00 both days.

    Norwegian physical version – Gruva, Campus Gløshaugen, NTNU, Trondheim, Norway.
    November, 28th and 29th. 09.00-16.00 both days.

    Free of charge. Lunch/coffee will be served both days.

    For NTNU-employees, sign up here through the Uniped-program. For others, contact Håvard Engen havard.engen@ntnu.no.

    Online course:
    Online version on Zoom. December 9th, 10th and 11th. 09:00 – 15:00 all three days. A link will be sent to the participants before the course.

    Free of charge.

    Click here to register. Deadline: November 25th 2024.

    Pre-requirements for all versions of the course:
    The participants are involved in teaching in higher education, and have submitted a preparatory work.

    Questions? Gunhild Marie Roald via e-mail: gunhild.m.roald@ntnu.no

    Pictures and video from various physical version of the “Entrepreneurial education for better learning”:

    https://youtu.be/li3gG75SHTY
  • NTNU Student Investor Day: June 6th 2024

    NTNU Student Investor Day: June 6th 2024

    By Henning Philip Patricksson

    Together with Sparebank 1 SMN, 6AM Accelerator and Trondheim Tech Port we are glad to repeat past years successful event – for the fourth time; the NTNU Student Investor Day!

    Every student-driven startup from NTNU are invited to apply for the event according to the application critereas listed below. Of the applicants, 10 startups are selected to attend the event where they will get to pitch their business idea and be a part of an intense speed-dating round with a selection of Norways foremost early phase investors.

    New for this year, is that the winner of “Best Business Concept” also qualifies for the finals of Sparebank 1 SMN’s competition “Fremtidens Verdiskaper 2024” (Eng.: Value creator of the future)!

    This is not an opportunity you want to miss!

    When?

    June 6th 2024

    12:30 – 13:00: Welcome and inspiration
    13:00 – 13:45: 3 minutes pitch frome each startup
    13:45 – 14:15: Break with food
    14:15 – 15:45: 8 minutes speed dating with each start-up
    15:45 -16: 00: Wrapping up at Gruva

    16:00 – 17:00: Shuttle to prize cermony at “Havet” (10 minutes travel time)
    17:00 – 23:00: Tech, Hugs & Rock’n’Roll at “Havet”. Price ceremony early in this event

    Where?

    Gruva, Oppredningen, NTNU Gløshaugen
    Sem Sælands vei 1, 7034 Trondheim

    What?

    Inspirational talk
    3 minute pitching from startups.
    8 minute speed dates between startups and investors.
    Prize ceremony.
    Mingling, food and drinks.

    Who?

    Student-driven startups from NTNU.
    Norwegian early phase investors.

    Prizes?

    Total of 200.000 NOK!
    Finalist spot at Sparebank 1 SMN’s “Fremtidens Verdiskaper 2024″!
    Participation in the 6AM Accelerator program!

    A part of Trondheim Tech Week

    NTNU Student Investor Day 2024 is a part of Trondheim Tech
    Week, by Trondheim Tech Port; a meeting place for innovation
    and technology, that unites capital, government, industry
    entrepreneurs and academia. Thus, Trondheim Tech Week and
    NTNU Student Investor Day is a perfect match, as both events
    want to showcase young entrepreneurs and technology, for
    investors, industry and other stakeholders.

    More info about Trondheim Tech Week here.

    Furthermore, coinciding at the same date is naturally “Tech, Hugs
    & Rock’n Roll”. This year, the prize ceremony will be held as a part
    of the THRR at Havet Arena. Attendees at NTNU Student Investor
    Day will be shuttled from NTNU to Havet after the Speed dating is
    concluded.

    We hope that as many as possible of you will join us continuing the
    evening there, as we celebrate the entrepreneurial ecosystem in
    Trondheim!

    More info about Tech Hugs & Rock’n Roll can be found at
    startuptrd.no/arrangementer.

    Why NTNU Student Investor Day?

    The goal of NTNU Student Investor Day is to create an arena for student-driven startups at NTNU to meet investors, and vice versa.

    In doing so, we aim to facilitate for the startups to learn more about what investors look for. Even more so, we want to aid the startups to start a dialogue with investors early on – hoping that it will be a stepping stone for them to raise the capital needed to build a sustainable business.

    Awards

    There are two award categories:

    • Best Business Concept
    • Sustainability Award

    A total of 200.000 NOK will be awarded to the winners.

    The winner of Best Business Consept will also be granted a spot in the final of Sparebank 1 SMN’s competition “Fremtidens Verdiskaper 2024”, with a chance of winning 500.000 NOK!

    Additionally, one of the participating startups will automatically be accepted into the 6AM Accelerator program (valued at 120.000 NOK!)

    Read more about 2023’s success and winners here:

    How to apply

    Applications are sendt as a “3-pager” (pdf-format) where all elements listed below should be addressed. You choose yourself how the format and structure of the 3-pager are.

    The deliverable should be maximum 3 pages – hence the name “3-pager”. We prefer that you write in Norwegian, but you may also write in English. Note that the event will be held in Norwegian.

    Value proposition
    Briefly, what is your business idea?
    What value does your business idea offer to the market?

    Team
    Who is behind the idea and why are you fit do succeed?

    Problem
    Which problem(s) do you aim to solve with your idea?

    Solution
    What is your concept, product or service?
    What makes it unique, is it scalable, is it doable, is it new?

    Customer and market analysis
    Who is your customer, user, and what market need do you fulfill? How large is the market, who are the players in it, and how can you address it?

    Business model and value chain analysis
    What does your business model look like, and where do you place yourself in the value chain

    Sustainability
    What makes your idea more sustainable – either environmental, economical or socially – than others in the market.

    Additionally, in the email with the application you will have to answer the following questions.

    Question #1 (max 500 characters)
    What new value will your business idea offer to the market?

    Question #2 (max 500 characters)
    Which sustainability goals does your startup address, and how?

    Question #3 (max 500 characters)
    Why is it important for your startup to meet investors right now?

    Thus, the mail will answer the three questions above, and have one pdf with maximum 3 pages attached.

    Applications are sent to henning.p.patricksson@ntnu.no before the 28th of April, 23:59.

    Mark the subject of the mail with:
    “NTNU Student Investor Day: [insert your startup’s name]”

    Requirements for applying startups:
    The majority of the team is required to be a registered student (Bachelor, Master) at NTNU.

    The same startup can only attend NTNU Student Investor Day 2 times. If the startup applies for a third time, the application will not be considered.

    You can find the event on Facebook here:
    https://fb.me/e/2qh3nbDUG

  • Energy Innovation Day – Building momentum for sustainable solutions 

    Energy Innovation Day – Building momentum for sustainable solutions 

    On the 14th of March, students from all disciplines were invited to Gruva to present their innovative ideas for accelerating the transition towards more sustainable energy solutions across societal areas.

    By Vilde Falck Husum

     

    The panel giving feedback

    Although sustainability constituted the backdrop for the event, there was also a broader focus on networking and developing good ideas. This showcases the importance of the social activities and entrepreneurial work that goes into pitching a business idea. Therefore, leading up to the event, the contestants could sign up for and participate in a training course over three weeks in February. The training sessions were based around generating ideas, evaluating feasibility and lessons on how to present a good pitch. 

    The day started at 08:30 AM with mingling and some final touches to the pitches. After lunch, the teams prepared to bring their ideas to the stage. Given a five-minute timeframe, each team presented their sustainable solutions to a panel. The ideas ranged from bettering everyday logistics to improving industries such as restaurants, shipping, and utilizing existing infrastructure to optimize the use of already constructed areas. The diversity of ideas truly displayed the creativeness of the students participating, but also a range of untapped solutions with a future potential for bettering and improving society through sustainable energy. After pitching, each team was given feedback on their ideas as well as questions about scalability, business strategy, and feasibility. The panel consisted of three representatives from the entrepreneurial community at NTNU: Simon Sætre Borchgrevink from ES, Sonia Ahmadi, research fellow at the department of Industrial Economics and Technology Management, and Jans Nygaard also from ES.

    It was revealed during feedback on a pitch from an eager student that he was unaware of the contest-part of Energy Innovation Day. However, he signed up, passionately pitching his idea with the hope of someone else taking it further and therefore leaving an idea up for grabs. After a quick break for the panel to discuss, the winners of Energy Innovation Day were announced. The panel based their decision upon several criterion, where thorough work in market research, commitment as well as a clear problem definition and solution was evaluated.

    A prize of 25. 000 NOK was shared amongst the top three pitches. At third place was Scoped, Enabling energy efficiency and sustainability through transition risk analysis for buildings. Second place went to an individual pitch on how to utilize the restaurant-industry for a more sustainable operation. Lastly, first place went to CPU, representing BI Business School. They presented their idea based on exploring possibilities for generating more sustainable energy through the shipping industry and marinas. The winning team consisted of three guys completing their first year in business development and entrepreneurship.

    When asked why they signed up for Energy Innovation Day, the team behind CPU listed interest and gaining experience as the main motivation behind their participation. One of the members learnt about the event through his roommate, who designed the graphic material for Energy Innovation Day. Later he also heard about it through the entrepreneurial ecosystem at BI and reached out to two of his fellow students. They also saw this event as a great possibility to get more involved in the entrepreneurial activities at NTNU.

    CPU’s idea was generated from participating at the event, and originally started as something else. However, after calling around and talking to people from the shipping industry, academics, and experts, they tweaked their idea to fit the needs and possibilities within the industry. When asked about their experience from taking part in Energy Innovation Day they state that the learning outcome has been important:

    “We see this as a great experience, especially as a first-time thing within a comfortable and relaxed environment. We have definitely learned a lot from this. It is a lot of work and getting comfortable with being uncomfortable. You learn to challenge yourself on an entirely new level.”

    Alfred, CPU 

    From generating a new idea, checking market potential to networking, pitching, and getting feedback, their main goal was to gain experience and generally just get better. When asked about how they would like to use the prize, they hope to use the money as a means to better themselves as future entrepreneurs. Uncertain of whether they will go further with this particular idea as for now, they are open to explore the potential in the future. Yet, the range of ideas presented at Energy Innovation Day shows a future of entrepreneurs eager to contribute to a sustainable transition. When asked about entrepreneurs most important contribution to a sustainable future, Simon, one of the panel representatives stated: 

    ”Supporting their words with actions. Society talks about transitioning to a more sustainable future, but few try to create value through it. That deserves a great deal of respect.”

    Simon, Higher Executive Officer at Engage

    This is definitely a statement proven to be true by the people presenting their ideas at Energy Innovation Day, some of which will hopefully guide us toward a more sustainable future.

  • 1-2-3(4) Pitch! The Business Simulator engages women in entrepreneurship

    1-2-3(4) Pitch! The Business Simulator engages women in entrepreneurship

    The purpose of the event is to encourage curious female students to dip their toe into the vast pool of entrepreneurial possibilities, aiming to clarify what goes into being an entrepreneur and engaging women in starting up their own businesses.

    By Vilde Falck Husum

    Over the course of four days, from the 19th – 22nd of February, 35 women took part in an intensive process competing for a prize of 25.000 NOK granted by the Aneo contribution. Through the Business Simulator, the participants were met with a full program designed to inspire, motivate, and guide all teams through the process of defining a problem to pitching a solution. In between inspirational talks, food and courses in pitching and design thinking, the teams worked on their business ideas with guidance from assigned mentors from Spark*. When asked about the main goal for the Business Simulator it is clear that providing a safe environment and getting women interested is a key driving force, contributing to Boost Hennes overall purpose:

    “The goal of this event is to make people curious and interested in exploring their entrepreneurial spirit and it is a great opportunity to check if this is something you want to take further”

    Kajsa, event manager

    “Also to make entrepreneurship less abstract and vague. To give people an insight to what it actually is and a safe environment for testing it out properly”

    Mari, event coordinator
    The leader of Boost Henne kicks off the event

    Each day the event started at 3 PM to fit the busy schedule of students from all corners of NTNU. When talking to the six boosters behind the event they are impressed by the participants, stating that they continue working on their ideas even after the program of the day is done. One important part of marketing the event was to show up at all campuses, resulting in a diversity of educational backgrounds. Among the fields of study represented were Economics and administration, Industrial design, Civil and environmental engineering as well as Food science, technology, and sustainability. In addition to making entrepreneurship more available to women, this broadens availability across campuses extending beyond Gløshaugen, which is known to host most of the entrepreneurial activities at NTNU. Mina, social media and marketing manager at Boost Henne, states that the business simulator is a great opportunity to meet new people and likeminded women with similar interests, resulting in new friends, networks and maybe even a new team.

    Day one: brainstorming ideas

    For most participants curiosity and an interest in exploring entrepreneurship was the main reason for participating. Also, many stated that the availability of the Business Simulator for people without prior experience made it easy to sign up and test out. Further, they agreed that even though it is an intensive process that takes effort, it is a fun experience and a high-quality event with good guidance from the boosters and Spark*, as well as inspirational workshops and talks. In general, the participants were positive to the resources at NTNU for students wanting to develop their own business ideas and startups, such as this event:

    “You get a real look into the entrepreneurial field and how things work up-close rather than just hearing about it. Especially when we get to actually do it ourselves”

    participant
    The participants during a course on market research with DNB

    When it comes to the business simulator being hosted by an organization that looks to inspire women, the participants agree that it is a great initiative to spark an interest and engage women to partake in entrepreneurial activities.

    “It creates a safe framework for testing out something that is a bit out of the comfort zone, you feel extra welcome when it is hosted by an organization called Boost Henne.”

    – participant

    As Boost Henne is part of Spark* NTNU their vision is to increase the gender representation in students that seek guidance from Spark*. From 2018 the number of female students has increased from 14 percent to 24, indicating that the project is working. One participant also stated that the Business Simulator is a great gateway for exploring the startup journey for the first time and makes it easier to pursue further in the future by gaining knowledge, experience and network. That is exactly what Boost Henne is working to achieve, to encourage women to take the first step and develop their own businesses and products, something the teams proved they were well equipped for at pitching day.

    The winning team UniQ with one of the panel judges

    At pitching day the panel, whose assignment was to choose a winning team, was presented and the teams were given an inspirational talk from two of the women in Arealize, to motivate and give one last boost before the grand finale. The panel consisted of representatives from Boost Hennes partner DNB, as well as StartupLab and Aneo.

    In the spirit of the event’s focus on diversity, a majority of the business ideas that were pitched were focused on improving societal conditions and bettering everyday life for people with needs that are not met sufficiently today. Implementing design thinking strategies from the first day, many of the teams delved deeper into the root of a chosen problem and presented a solution to improve today’s situation. All teams presented forward-looking and innovative ideas that utilized digital technology, where one of the panel representatives even stated that the pitches at the Business Simulator were above average for the Aneo contribution. However, only one team had the pleasure of walking away with the prize and congratulations are in order for the team behind UniQ, Nurinnisa Ece Erik, Arthiha Thayanantham and Åsta Hereid Ringheim representing Øya Campus with the idea of generating a more interactive audience without compromising anonymity. Although the pitching competition wrapped up four intensive days, the participants unanimously agreed that the experience was inspirational, and many were open to the thought of revisiting their entrepreneurial side in the future.

  • The Prince Daniel Fellowship visits Trondheim´s innovation environment

    The Prince Daniel Fellowship visits Trondheim´s innovation environment

    By Nicole Linnéa Monavari

    The Prince Daniel Fellowship is an organization which consists of a partnership between the Royal Swedish Academy of Engineering Sciences(IVA) and the H.K.H Prince Daniel of Sweden. The main purpose of the partnership is to inspire young people towards entrepreneurship and encourage them to consider the path to start their own business. Because of this, the fellowship were traveling to learn more about which opportunities exist for students and young entrepreneurs.

    Before the event at Gruva started, the innovation hub at NTNU, the Strindens Promenade orchestra welcomed the guests with a musical performance where they among other songs played the Swedish known “Pippi Longstrump”. The event hosted by professor Roger Sørheim from the School of Entrepreneurship, introduced the guests to the history behind how NTNU has managed and achieved to develop one of the best eco systems for student innovation in Europe.Sørheim also points out how dedicated the students at NTNU are, and the importance of young entrepreneurs.

    Despite an unexpected fire alarm interruption, it certainly did not stop the show! Furthermore the program featured live case pitches from three student-driven startups with roots from NTNU school of Entrepreneurship, showcasing the diversity and ingenuity of young entrepreneurs in Trondheim. Even though the interruption, the students were eager, willingly and energetic enough to pitch their brilliant ideas.

    The first startup to pitch were Naya, a social impact startup offering human labeling of high-quality training data for customers developing machine learning models. Naya operates from their main office in Dehradun, India, and their main focus is helping and employing women from slum areas in India by offer them various benefits which can help them break out of poverty.

    Nora Antonsen(right), project manager in Naya, gets help from professor Roger Sørheim(left) by holding the computer with the presentation. (Photo: Nicole Linnéa Monavari)

    Wepost where the second startup to pitch their marketing idea which uses AI as a marketing technology to help companies better their content production. Their main purpose behind the startup is to empower B2B companies to craft compelling narratives for their different social media plattforms.

    The next student to pitch were Anna Mjønerud Gjestvang, Marketing Manager at Wepost. (Photo: Nicole Linnéa Monavari)

    The last startup to pitch where Arctic Protein whom wants to make the salmon business more environment-friendly by delivering protein through insect production. The team behind Arctic Protein call themselves insect farmers and by producing and process larvae into protein flour, they want to decrease the salmon industry´s greenhouse gas emissions.

    H.K.H Prince Daniel of Sweden were clearly impressed and satisfied by the student eco system in Trondheim and the young entrepreneurs. (Photo: Nicole Linnéa Monavari)

    After the pitching, the Prince himself seemed impressed by stating that it was a fantastic event. Even though the fire alarm went off this time, it was all together an incredible day for our innovation eco system at Gruva.  

  • NTNU School of Entrepreneurship has been giving superpowers to students for 20 years

    NTNU School of Entrepreneurship has been giving superpowers to students for 20 years

    By Pernille Svartveit Osmundsen

    The days were celebrated with speeches, workshops, annual acid test presentations, inspirational talks, sofa chats, food and a banquet. Former students at NSE came from all over Norway to take part in the celebration and to get even more professional input from the innovation environment that grows and grows every year. During the celebration, many focus on the fact that ES is a start-up environment that builds on sharing, both ups and downs. Where those who are involved experience a kind of excessive cheering on each other.

    Øystein Widding (left) and Roger Sørheim (right), professors at NTNU School of Entrepreneurship, celebrating the 20th anniversary.

    Aksel Morris Bjørnø from class 18 was one of the former students who took part in the celebration. When asked about his experience with NSE, Bjørnø refers to Øystein Widding who said that NSE gives all students superpowers, which also comes with responsibility. This was something Bjørnø himself felt after he finished his master’s degree. He goes on to say that being constantly pushed outside your comfort zone does something to you that a typical course of study wouldn’t. Silje Uhlen Maurset from class 19 says that the commitment, interest, and ability to get something done that she had before was accelerated by NSE and taken to new heights.

    Current students also speak highly of NSE. Thomas Klingenberg, class 24 and Herman Jørstad, class 25, describe NSE as a growth arena with many different people who are all welcome and allowed to be themselves. The two students believe that NSE will continue to build on the culture, which Jørstad describes as one of the most important reasons why he applied for the course.

    Many new and old students were present to celebrate the anniversary.

    The entrepreneurial ecosystem Trondheim has to offer is getting bigger and bigger. There is a culture of sharing that has spread from NSE to other parts of Trondheim, Trøndelag and nationally. NSE ‘s Alumni Association ESAF gets bigger and bigger with each class that starts. It helps to create, maintain, and stimulate contact between previously graduated students, current students, and the academic staff at NTNU’s School of Entrepreneurship. Maurset says that this network, that grows each yare, is important and gives the students something concrete they can reach for.

    NSE is a program where students put in many hours, where mistakes are necessary to succeed and where only the most committed get through to the program. The current students Klingenberg and Jørstad are sure that the tough program will be worth it and give them tools they can use later in life. While Bjørnø and Maurset talk unanimously about the mindset as the most important thing they took with them after finishing the program. Maurset says it is not given that things will be done optimally and says you have to do things yourself. What can be done better and how can it be done? Bjørnø also adds that he has brought with him the drive and passion that he felt when he was in the community with the other students. He says he always does his best and then some.

    Some of the former students talked about their way forward with startups after NSE.

    Change agents are often talked about in connection with the budding entrepreneurs at NSE. For Maurset, this means not assuming others will solve things, but taking responsibility yourself. Even if it can be tough or you think it needs to be taken to another level. Bjørnø also agrees with this and further explains it is someone who stands on the front line and does what needs to be done. The students also agree with this definition but takes it a little further to what difference they want to make. Klingenberg describes a change agent as someone who gives a small impact on what the future will look like. Jørstad agrees and explains further that a change agent is someone who uses some of the time you have here on earth to push a small step forward. He says there are quite a few people here on earth, but that it is quite incredible how much difference we can make, just one of us if we have passion and do the job.

    NSE already has many success stories with entrepreneurs who have taken their companies to new heights after the master’s degree. Klingenberg believes that NSE will be defined by several new success stories from the outside. But what makes students proceed in the entrepreneurial environment and also with their original idea? Maurset believes that in addition to the fact that these are people who thrive in the entrepreneurial environment, you are also pushed so hard to find the right idea and test it so thoroughly at the start. One must find reasons why it should fail and perfect the idea. Klingenberg also explains that some have already weeded out those who do not have enough motivation to do this, not to mention everything you learn at NSE that prepares you for startups and entrepreneurial life. Jørstad also ads that being thrown into it right away is important and that failing gives them experiences that they take with them further.

    Two days of celebration are over and going forward it looks like NSE and the entrepreneurial community in Trondheim will develop even more and aim for 20 new years.