Tagged luxembourg

Startup Weekend 23-25 May 2014 in Europe

Together with Luxembourg, other startup weekends run in some countries of the EU. As today is also EU elections day for Europe I gathered some views on these startup weekends across Europe. Check below what happened in other European cities (…also some nice clichés about food in Europe confirmed… :) )

StartupWeekendEuropeMay2014

Luxembourg


UK


Italy


France


 

About the Minimum Viable Product

I am just back home after the first day at the Luxembourg startup weekend May 2014 edition #SWLUX @swluxembourg http://luxembourg.startupweekend.org where I am participating as judge. I spent a very nice evening listening to more than 25 ideas, people were enthousiastic! I am looking forward to hear the final pitches!

During the initial talks, organisers presented the “judging criteria”. The minimum viable product legitimately appears as the important concept in the “execution” part of the judging criteria. Below I wanted to share a few thoughts about the MVP.

 Photo 23-05-2014 20 30 48

Quoting Eric Ries (http://www.startuplessonslearned.com/2009/03/minimum-viable-product.html) it is clear that an MVP should have “just enough” features to convince early adopters:

“The idea of minimum viable product is useful because you can basically say: our vision is to build a product that solves this core problem for customers and we think that for the people who are early adopters for this kind of solution, they will be the most forgiving. And they will fill in their minds the features that aren’t quite there if we give them the core, tent-pole features that point the direction of where we’re trying to go.

So, the minimum viable product is that product which has just those features (and no more) that allows you to ship a product that resonates with early adopters; some of whom will pay you money or give you feedback.”

Moreover, another important aspect in elaborating the MVP is the sequencing of actions required to elaborate the MVP. These include:

– inception of the core features

– validate the assumptions with some key users

– rethink/redesign the core features

– define priorities in terms of prototyping

– prototyping “just enough” and validate prototype with key users

– eventually go back and redo everything from scratch

– move ahead with more prototyping and more validation without forgetting the revenue model

Then you should go out and sell the prototyped product having in mind that every time you skip validation from the field you add risk in your execution plan…

Now, in case you are in a startup weekend mode you should find the working path that would allow you to define a MVP within two days. Jumping into a “hackathon” mode maybe an option but in that case make sure you don’t shift from “minimum viable” to “minimum desirable” product. It maybe cool to demo something at the end of the startup weekend but this might not necessarily be a product that early adopters would pay you money or give you feedback for.

Ideas pitched at #SWLux Nov 2013… where is RTL???

The 3rd Startup Weekend Luxembourg took place Nov. 8 – 10. We take for granted that Luxembourg is trailing behind internationally renowned startup cities. However, this doesn’t mean that Luxembourg entrepreneurs are lacking ideas! And similar to BBC, local media should talk about this!

swluxNov2013

More about #swlux November 2013 edition here:

https://storify.com/davrilio/clever-ideas-pitched-at-swlux

Research and Entrepreneurship, Lessons learned and anecdotes

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Research and Entrepreneurship, Lessons learned and anecdotes

By Denis Avrilionis

Invited Talk

24 October 2013

Doctoral School, University of Luxembourg

 

A common stereotype is that research and entrepreneurship are two incompatible endeavors, a cliche often used by young researchers. For some of them, the mental transition from research to entrepreneurship seems like a radical step, and they are not prepared to explore the business potential of research ideas. This is often amplified by the ambition of graduate students in pursuing an academic career, and by actions that support their entry into traditional academic or research institutes. Failure to enter the academia is often perceived as major setback in the career of young PhDs.

In this talk I will argue that young researchers should *not* consider entrepreneurship as a route that allows them to recover from failure in entering the academia. By mixing elements of personal experience with anecdotes from the history of entrepreneurship, I hope I will be able to demonstrate that a young researcher can have a true chance to explore and exploit business opportunities that can emerge from research ideas. In particular, the skills acquired in the course of Ph.D. (analysis and synthesis capabilities, clearly expressing ideas orally and on paper, perseverance to goals, etc) can be truly precious when creating and running a new business. The business potential of research ideas can be so strong that it may catalyze the metamorphosis of traditional industries and the birth of new ones, as exemplified in the recent years by the successes of technology giants such as Google.

Please comment at:  lu.linkedin.com/in/denisavrilionis/