I had the privilege to take part in the inaugural Nordic Life Science Innovation Challenge (http://www.biopeople.dk/index.php?id=819) this past weekend from 5 September to September 7. I found out about the opportunity on the KTH innovation website. Ironically, the majority of the event took place in building Q, where our exercises take place.

Half the folks flew in from Copenhagen and most were well into their graduate degrees or were involved with their own start ups already. It was quite the experience to network with these individual from many walks of life with impressive track records. I was put into a group that consisted of a Dane, a Belarusian, and a German (yes, quite the diversity).

I was expecting more of an event with training on pitching an idea, but ultimately it was a case competition centered on the biotech industry. The 6 or so ideas we as a group could choose from were given to us, some more open-ended than others. I didn’t have the background as the others did on biotech and life sciences but I sought to input as much of my perspective as I could throughout Saturday and Sunday. Nonetheless, my biggest takeaway was the impressive collaboration and mix of varying viewpoints that drew together to come up with a 5-minute pitch to a jury of established entrepreneurs with only 10 hours of work.

Considering that this was the first time this event was held, I was and still am impressed by the quality of it, the presenters that came to speak, and most importantly, the diversity that was represented. I was told that this is something that will take place on an annual basis together with the Nordic Life Science Days in Stockholm. If anything, this is a great networking opportunity with individuals that have tremendous entrepreneurial spirit. I hope to participate in it again and I highly recommend it to those that will be here in the coming years!

And I will leave you all with a couple of pictures of the participants and the coordinators of the event:

NLS Innovation Challenge

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#Dreamgineering

 

What should we do if we come up with an awesome idea or we find some pain points to solve in school?

Knight (1921) once said that ”entrepreneur is someone who calculates and takes risk and manage uncertainties.” Entrepreneurs are often described as risk takers; unfortunately, many of them will fail eventually. Therefore, it will be great if there is someone or some organization helping the student –entrepreneurs get their startups going.

Being at KTH for a month, I truly think KTH is a school that is very friendly for the entrepreneurs. You can find out that there are a lot of courses related to Entrepreneurship of the website, such as the one we are taking right now (the best one!). And I can feel the atmosphere of encouraging entrepreneurship at campus. A lot of activities about Entrepreneurship are held in the school. For example, Stockholm Innovation & Growth (STING), which is an organization supported over 130 startups over more than 10 years, had an activity ”Entrepreneurship on Campus” on 28th August. They invited us to an inspiring presentation of the startup scene at KTH.

In addition, there is an organization called “Student Inc.”, KTH Student Incubator. It supports students at KTH with their potential projects and helps students get their startups going and make some progress towards commercialization, especially in technology based projects.

This is the Facebook page of KTH Student Incubator.

https://www.facebook.com/KTHStudentIncubator?fref=ts

There are a lot of useful information and activities about start-up or how to get involved in entrepreneurship.

What’s more, they have start-up pubs a few times every semester. It’s a pub where students can present their ideas of a product or business to others. Last one was on 2nd September. Not sure when the next one is, but check the page now and then and hope they have one soon.

KTH Innovation, In collaboration with Excitera, operate the KTH student incubator – Student Inc. together. If you want to know more about Student Inc.:

http://www.kth.se/en/innovation/studentinc/student-inc-ar-kth-s-studentinkubator-1.414438

Being in a such entrepreneur -friendly environment, I truly believe that I will learn a lot and get some brand new thoughts about entrepreneurship in there!

#Danny Huang, #Dreamgineering