Gold Award for Smart Business Modeler at Reimagine Education
We are honored to announce that our innovation and venture creation platform Smart Business Modeler won the Gold Award for the most innovative, impactful, and scalable ICT tool empowering outstanding teaching and learning! It still seems like a dream. We must thank Reimagine Education Awards…
Know your customer
Once you have figured out your strategic business plan, you dive into it for a detailed analysis of your End User Profile. The main goal here is to be sure that you are developing your product/service focused on the real human being who will be using or buying it, rather than around your own…
Strategic business plan
“Albert Einstein was on a train. He could not find his train ticket after searching through all his pockets and bags. The conductor approached him and said something to the effect of, ‘Dr. Einstein, everyone knows who you are. We know that Princeton can afford to buy you another train ticket.’ To…
Develop your financial plan
As we have learnt in the last Smart Hub Article, one of the things to be considered for the business to generate incremental growth is the amount of capital. Therefore, the financial plan is an important task. Your balance sheet is where you want to get to see what your business is worth.…
Highly scalable business models
“Highly scalable business models” are the four magic words to quickly hook most venture capital investors, but what does this mean?! In essence, scalability means how easy the business is growing. Now, this raises a new question. If scalability refers to the “ease of growth” then what decides the…
Building your ‘Minimum Viable Product’
The main purpose of your ‘Minimum Viable Product’ is to quickly see the essence of your idea in action and test your key hypothesis to minimize errors with the minimum amount of effort and resources. Some of the main benefits resulting from building an ‘MVP’ for your idea are: Initial model.…
Business model hypotheses
Prototyping After you developed your business model, you will have to think about a prototype of your product or service. The ultimate goal of a prototype is to ‘answer questions and to generate new ones’. In this sense, a prototype is a plan for how it works; a physical test-version of a product,…
How to develop a business model
Before we covered what a business model is and now we want to go into how to develop a business model. In order to build a business model you need to cover at least four elements. What do we sell? This is called the value proposition. To whom do we sell it? This is your customer. How do we…
SBM finalist at Reimagine Education
The Smart Business Modeler is honored to be invited to present its unique innovation and venture creation platform at the Reimagine Education Conference & Awards! From over 1150 applications, reviewed by 100 independent judges, the Smart Business Modeler is one of the finalist EduTech startups…
The Smart Business Modeler at the Bosch BMI Summit 2018
The Smart Business Modeler was presented at the Bosch BMI Summit 2018 and received positive feedback. The Smart City Innovation Lab appreciates the important and valuable questions received and is looking forward to demonstrating the SBM to everyone interested.