Deep-dive into the innovation ecosystem
The new class of the Executive MBA in Innovation & Business Creation deep dived into the innovation ecosystem last weekend. On a startup tour through Munich as well as in class they got to meet numerous founders, who told their stories on how to get started, adjust to customer needs and scale. Alumni of the EMBA IBC shared even more learnings, success stories as well as challenges during an alumni event at the Impact Hub.
Munich Startup Tour
On June 21, a bus picked up the 36 students after they had been working on their own startup projects in the morning. At the first destination, innosabi, the IBC “Class of 2020” already got to meet two IBC alumni – Andreas Breijs, founder of Fiordilino and Catharina van Delden, co-founder and CEO of innosabi. Both happily answered students’ questions, who were eager to learn more about decisions on product diversification and scaling as they could directly relate these insights to their own projects.
In contrast to the software startup innosabi, the IBC students got to know two hardware startups during the next stop. Fist, Sven Rens, co-founder of Mr Beam Lasers and IBC alumnus, explained how they continuously iterate their product based on customer feedback and how they used crowdfunding to reach customers and prove demand to investors.
At ParkHere, students got a glimpse behind the scenes, when co-founder Felix Harteneck showed their production facilities and demonstrated their sensor system for parking spots.
Before the day ended with an alumni event, students received yet another perspective on business modeling by the purpose-driven startup Polarstern Energie. Florian Henle, co-founder of Polarstern, emphasized the importance of combining economic, social and ecologic goals in designing a business. Well aware of his audience and the entrepreneurial potential in the room, he ended his input with a call to action: “If you can do it in the energy sector, you can do it anywhere.”
Alumni meet new class
Drawing on the tradition of previous years, the IBC Alumni Club hosted a welcome event for the new IBC class. Dan Burns, chairman of the Alumni Club, took the chance to look back on previous classes, the development of the program over the course of the years, and most importantly to welcome the “Class of 2020” to the IBC family.
Founder insights in class
As the “Class of 2020” is currently working hard on their own startup projects, Prof. Hana Milanov designed her course days on Entrepreneurial Growth and Internationalization in a way that closely connected theory and practice. Her input on business modeling with regard to scaling was rounded off by Konux co-founder Andreas Kunze, who gave an inspiring talk on their iterations and refinements of the business model. On the following day, Ziéd Bahrouni from Motius covered the people perspective of scaling ventures in his talk as well as the strategy of Motius in crossing borders. Both guest speakers triggered intense class discussion and learning.