Blog for Masters & MBAs | EADA
  • The EADA Experience
  • Alumni Stories
  • Life in Barcelona
  • Admissions & Financing
No Result
View All Result
Blog for Masters & MBAs | EADA
  • The EADA Experience
  • Alumni Stories
  • Life in Barcelona
  • Admissions & Financing
No Result
View All Result
Masters & MBAs | EADA
No Result
View All Result

EADA MiM Students Create Business Plans for Entrepreneurs

March 28, 2017
in The EADA Experience
0 0
Home The EADA Experience
Share on FacebookShare on TwitterShare on LinkedIn

Many technology-based business projects are left on the shelf in the hope that someday they will be converted into startups. The main obstacle is not the business idea because in the majority of cases we are dealing with innovative projects that could entail a significant innovation in the scientific field. What entrepreneurs lack is the expertise to be able to develop a business plan that will ensure that their venture is viable.

In order to overcome this hurdle, EADA collaborates with ACC1Ó –the government agency dedicated to making local businesses more competitive– with a view to turning various lines of research into real business ventures. This collaboration provides International Master in Management participants the opportunity to draw up a business plan for innovation projects promoted by the research centers associated with ACC1Ó as their final project. Since the collaboration began, EADA students have created more than 50 business plans for entrepreneurs.

The Final Project

MiM students who choose to complete their final project with ACC1Ó draw up a business plan for atechnology-based startup and go through the experience of carrying out a real consultancy project.

According to EADA professor Manuel Marín, “The participants live a unique experience because, for many, it is the first time they come face to face with scientists and engineers, chemists and researchers, with years of technical expertise.”

Each team is made up of five participants, who are given six months to carry out a specific project. The project is completed under the guidance of an EADA tutor, who acts as a coach and oversees the project as a whole. From the first day, the teams also work with the project entrepreneur whose idea they must mold into a cohesive business plan.

Participant Nikolaos Sarafidis describes the experience this way: “The final project has contributed to my professional career because it has enabled me to apply my theoretical knowledge to real life, giving me an idea of the complexity of the problems that we will need to address when I set up my business.”

myStone: Improving Kidney Stone Diagnosis

Mystone team

A recent final project was carried out with myStone, a medical device designed to analyse kidney stones with the aim of providing a better, quicker diagnosis and enabling on-the-spot testing. This project was led by the entrepreneur Fran Blanco, who came to EADA with an innovative idea that he needed help turning into a viable business. “EADA students got totally involved in actively seeking out information about the device and about kidney stones themselves,” he said. “They put forward interesting alternatives for communication and distribution channels, as well as potential alliances for commercialization. The comprehensive market study that they did was well-structured and very productive for the company.”

The students worked for six months on the myStone scientific project, which gave them the opportunity to develop all the phases of the business plan working on a real case, solving technical problems as they came up, under pressure and against the clock.

EADA participants were also satisfied with the experience. “Working on the project not only enabled us to begin a business plan from scratch and develop all of the phases, but it also gave us total freedom to come up with solutions,” said participant Lucas Roos. Other team members expressed the value of the working with a real startup due to their dream of starting their own business in the future.

Related

Tags: Entrepreneurship & startupsMaster in Management
ShareTweetShare
Previous Post

3 Ways to Flex Your Global Mindset for Employers

Next Post

EADA Finalist in the CFA Research Challenge 2017

Related Posts

EADA’s Leadership Development Programme
The EADA Experience

EADA’s Leadership Development Programme

December 22, 2022

...

Get to know Barcelona: Places to visit within 15 minutes from EADA
The EADA Experience

Get to know Barcelona: Places to visit within 15 minutes from EADA

December 1, 2022

...

Next Post
EADA Finalist in the CFA Research Challenge 2017

EADA Finalist in the CFA Research Challenge 2017

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Languages

  • enEnglish

Tags

CFA Institute EADA Careers Entrepreneurship & startups Events Exchange programme From our faculty Innovation International business trips International Masters International MBA Leadership LeadTech Global Executive MBA Master in Digital Business (DMBA ISDI-Leadership EADA) Master in Finance Master in FinTech & Business Analytics Master in Management Master in Marketing Master in Pharma & Biotech Management Master in Sustainable Business & Innovation Master in Tourism & Hospitality Management Scholarships Sustainability Technology
  • The EADA Experience
  • Alumni Stories
  • Life in Barcelona
  • Admissions & Financing

© 2022 EADA Business School.

No Result
View All Result
  • The EADA Experience
  • Alumni Stories
  • Life in Barcelona
  • Admissions & Financing

© 2022 EADA Business School.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In