A team of 4th. year, General Management, BBA students were a “BBQ Rib” away from entering the Finals of Canada’s Business Model Canvas Competition (CBMC), held March 4-5th. at Dalhousie University.
Canada’s Business Model Competition ® (CBMC) represents an innovative and alternative paradigm for post-secondary students to demonstrate their innovativeness and entrepreneurship. The CBMC uses the philosophy and approach of Alex Osterwalder’s ‘Business Model Canvas’ plus integrating Steve Blanks’ ‘The Lean Start-up Movement’. These tools use an approach driven by a question, hypothesis, and validation process to create innovative business models that solve real problems. Leading-edge universities such as Stanford, Harvard, BYU, Waterloo, UBC and Dalhousie in addition to innovative global companies have used these models. Over the past five years, our Entrepreneurship Program has also integrated these models into our curriculum. — Douglas MacDonald
Motivating, guiding, inciting and inspiring individual students to be innovative and realize their “entrepreneurial ambitions” has been the direction of the Bissett School of Business through the Institute of Innovation and Entrepreneurship. Recent Launch Pad Winner and MRU student, Paul Shumlich (Deepwater Farms) and fellow MRU students, Derek Rucki and Stefan Radeta (TLink Golf), JMH New Venture Pitch winners can attest to how MRU provided them the opportunity to pursue their dreams.
A recent article in The Calgary Herald (Sutherland-Smith 2016, February 19, http://calgaryherald.com/business/local-business/students-taking-care-of-business) outlines the program offerings by post-secondary institutions in the Calgary area and the varied stories of successful student entrepreneurs. As interest in these programs continues to grow, so does the means and ways of supporting the entrepreneur student:
“Mount Royal has a very experiential innovation and entrepreneurship program of nine different courses that force the student to experience entrepreneurship rather than simply study it,” says Ray DePaul, director of the Institute for Innovation and Entrepreneurship at MRU.
“For those passionate students who want to go beyond the classroom we have LaunchPad which gives students an opportunity to launch their venture. While students often get engaged in order to get access to funding — last year we gave over $70,000 in grants — they quickly realize that the true value is in the mentorship and being part of a community of like-minded, driven entrepreneurs.” – Ray DePaul, Director of Institute for Innovation and Entrepreneurship.
Paul Shumlich, founder of Deepwater Farms and fourth year BBA student, has been awarded the Student Entrepreneur of the Year by the Calgary Entrepreneurs Organization. Paul’s company uses aquaponics technology to provide year round, organic, locally grown produce to area restaurants. As part of the award, Paul will receive $5000 and a trip to Toronto to compete in the Canada-wide competition. This is Paul’s second award for Deepwater Farms, having been the LaunchPad winner this past April.
A year ago, Derek Rucki, Mount Royal University student, and developer of TLink Golf was also awarded the Student Entrepreneur of the Year Award. Two consecutive winners are a testament to not only the quality of students here at Mount Royal University but also to the Innovation and Entrepreneur program within the Bissett School of Business..
Bissett School of business wishes to congratulate Paul on his achievement as well as wishing him good luck in the Toronto competition. To read the Metro News Calgary article profiling Paul’s winning endeavor, please follow the link:
The Well Brewing Company, a member based brewing company is the brainchild of Mount Royal students, Bryton Udon and Quinn Wilton. Using an entrepreneurship class as the impetus, the duo, tired of brand beers, decided to capitalize on the craft beer niche within the Calgary market. Not being able to afford the start up costs of their own brewery, they came up with the idea to “develop beer within a community”. Offering different tiers of memberships, and the ability to vote on the beers brewed is proving to be a novel approach in the craft beer industry.
Their success has caught the attention of Olds College and a “school to school” partnership is in the works. To read more of their story, follow the link:
MRU’s student team presents the WANT Movement (We Are Not Them) campaign in Washington. WANT aims at changing misperceptions of Islam spread by extremist groups.
See the full article here:
Dustin Paisley has joined our team as the Social Innovation Animator at the Institute for Community Prosperity. In this role, reporting also to the Institute for Innovation and Entrepreneurship, he is working to develop a social innovation hub (co-working and incubation space).
Dustin is a recent graduate from Mount Royal University where he focused on Innovation and Entrepreneurship, with a particular interest in Social Innovation. While in University, Dustin spent 3 years with Enactus Mount Royal where he worked on community development projects and learned how to use the positive power of business to change lives. Dustin is an advocate for social innovation and plays an active role in the greater social impact community.
Join international designer and creative director Kat Marks as she delivers her second Thought Talk on March 19th. Her lecture is entitled, “Your Ideas Are Not Your Own” and will be followed by an interactive hands-on workshop. This speaking event will be held on March 19th from 4:00-5:30pm in the Bissett Boardroom EB2061. Everyone is encouraged to attend and faculty should feel free to invite students.
The Enactus Western Regional Exposition was held on March 12th & 13th. Our students distinguished themselves once again thanks in part to Wendelin Fraser’s hard work and dedication to the team. While I know the students are very talented, there is no doubt that they also benefited significantly from Wendelin’s coaching and guidance.
Not only were the group of 42 students from Mount Royal University outstanding ambassadors, the team received four awards for their efforts.
- 1st Place – Scotiabank Eco-living Challenge
- 1st Runner Up – TD Entrepreneurship Challenge
- 1st Runner Up – Capital One Financial Literacy Challenge
- HSBC Woman Leader of Tomorrow Award – Individual Award to Paisley Dressler