Archive for the ‘ Innovation ’ Category

Electric Innovation – Two-Wheeled Wonders

This blog’s primary focus is on entrepreneurship in general and innovation in the ICT sector in particular. However, in this article I’ll deviate a bit. Something just came up that combine 3 of my favorites themes: innovation, clean-tech and motorcycles. In a recent article [no-1] in the Norwegian Polytechnic Weekly (Teknisk Ukeblad), a really cool electrical motorcycle design was presented, made by students at the renowned Universität für angewandte Kunst (the University of Applied Art) in Vienna.

Electrical Rider ZEVS. By kind permission of Anders August Kittelsen, Bernhard Ranner and Rudolf Stefanich. Copyright 2010 All rights reserved.

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EPiserver, Fox Technologies, Nimsoft and Qliktech

In a recent article [se-1], the Swedish information technology news site IT24 identifies 4 interesting investment prospects in the ITC sector; Episerver, Fox Technologies, Nimsoft and Qliktech. They all have experienced fast growth, include valuable IP, and have a quite impressive list of clients. The 3 first companies have participation from the Nordic VC fund Northzone, while Qliktech’s most important investor is the Swedish fund Industrifonden.

  • Episerver: Offers a range of content and community management products and services. It is highly profitable and have just reached 3000 customers. According to the company, the EPiServer CMS – is the world’s fastest growing commercial CMS platform. No wonder they are going public [en-1]. Third parties are continually adding modules and features [en-2].
  • Fox Technologies: Delivers advanced access control, servers, applications and desktops, with centralised access controls management across the IT infrastructure.
  • Nimsoft: Fast-growing supplier of unique solutions for the management and measurement of service levels, including levels in cloud computing.
  • Qliktech: Business intelligence software with a wide range of applications for different sectors and company sizes. Impressive growth in revenue and number of clients. IPO-ready.

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Communicating Your Business Idea (1) – The Business Plan

The business plan has been treated in an endless number of publications. So why do I? Because I believe there is a lack of focus in a lot of what is written about business plans. The important things are often lost in the details. In fact, a business plan can be very brief.

I have seen compelling business plans in the form of a few PowerPoint slides, a couple of scribbled pages, and a brief video. What matters is having all the required ingredients (or a road map for getting them), not the exact form of communication. William A. Sahlman [1]

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Media: Still Backing Into the Future?

Obsolete? "Newsagent", by Ben Terrett. Some rights reserved.
Obsolete? “Newsagent”, by Ben Terrett. Some rights reserved.

We need news, proper news, the results of professional investigative reporting. We need it now more than ever. Why? Due to the climate change and local, regional environmental destruction and global demographics, we have extremely turbulent times ahead. In fact, they have already started.

In this situation, the much reported decline of quality journalism is – to say the least – lamentable [fr1, fr2]. The so-called citizen journalism is no replacement for professional investigative reporting. But unlike the latter, professional journalists need to get paid. Maintaining and even expanding investigative reporting is possible, even with reduced sales of advertising space, but only if news media comes to grip with the new reality in terms of production, presentation and distribution. Read more

Entrepreneurship: Missing a Process?

I have been working as an entrepreneur with a technology-based project for the last 4 years, and have, during this period, also worked or cooperated with other entrepreneurs that were developing technology-based projects. In retrospect, it is clear that all of these projects had a lot of characteristics in common, including similar hurdles that had to be overcome.

Most tech start-ups have a product focus, including a good product development process, normally involving agile methods. On the other hand, a clear-cut business model based on proper market know-how is missing in the majority of start-up projects. Admittedly, some projects are so innovative that it is difficult to establish a market need, but in that case it is paramount to establish a process to obtain market intelligence as early as possible. Moreover, marketing, sales and distribution strategies are not prioritized early on. Typically, they come into focus at a much later stage, often too late.

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Reflection on my Experience as an Entrepreneur

I have 4 years experience as an entrepreneur. As my time as an entrepreneur has come to an end, at least for this time, it is natural to reflect on the things I’ve worked with in the context of entrepreneurship in general.

Some call it the entrepreneurial purgatory. Personally, I think that it has been too much fun to earn the designation “purgatorium”. Entrepreneurship does entail a relatively high stress level, and things change very much from one day to another, and sometimes from hour to hour. The best term is the ping-pong-life: work, good times and bad, opportunities and obstacles, and your mood, varies widely. In such a situation is very difficult to maintain focus, and to prioritize correctly is a big challenge. You are in a constant time squeeze and, quite often, what is urgent takes precedence over what is important. Another challenge in such a turbulent life is to see your own limitations, and to obtain expertise when needed.
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