IEM Business Plan

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And the winner is…..US!

A few weeks ago, the MSc Innovation, Entrepreneurship and Management programme held its annual Business Plan competition in which 16 teams from our programme competed, pitching our ideas for innovative products and services we had been developing since March.

I’m proud to share that my team won for our product, Ingenium, a toy for young girls, designed to nurture their interest in STEM (Science, Engineering, Maths, Technology) subjects, through allowing them to 3D design and print their own houses. The best part about winning though was not so much the prize money, or even the first place title name. Rather, what was most fulfilling for everyone on my team was that fact that we had been able to build something from the ground up of which we are all so very proud.

What’s even more special about this Business Plan Competition is that it allowed us to truly assume the role of entrepreneurs for a few months. Of course at first, this task of creating a business plan and pitch for an idea seemed incredibly daunting and intimidating to us, as we had never really done it before. However, as we were equipped with a toolbox of entrepreneurial tips and tricks, supportive coaches, and a year’s worth of insightful material from lectures, we were indeed able to conquer what originally seemed like a task fit only for the most seasoned of innovators. More so, as the competition is not merely a simulation, but a real immersion into the world of innovation, start-ups, and what it means to run your own business, we learned far more than we ever could have from lectures or a textbook.

Most importantly, though, I do not want this post to only be seen as an announcement of my team’s accomplishment, but rather, an announcement of how thankful we are to have been part of a programme that helped us realise that determination and commitment, alongside a willingness to learn, makes any and all tasks ,no matter how difficult they may seem at first, anything but impossible in the end. More so, for making this process of navigating the unknown, not just educational, but incredibly enjoyable and fun.

Lauren is studying for our MSc Innovation, Entrepreneurship and Management programme.

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About Lauren Warner

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