Mercator Launch has organized together with International Office Radboud University an international staff-training event to Israel from June 2nd until June 7th. In the context of exploring how to create successful startup companies by universities we will visit Ben Gurion University and CyberSpark, Weizmann Institute, Tel Aviv University, Hebrew University, Technion and Rambam Medical Center.
It used to be a welcome break, an inspiring message or even a moving story: the commercial break. Nowadays, however, the advertisement is everywhere. It is too much, too intensive and too intrusive. No wonder that ad blockers were invented and that people developed a good eye for that tiny red “x” in the corner.
FROM A PARTICIPANT’S PERSPECTIVE!
There are only 4 days left till the deadline to apply for the IMPROVE Program 2019. Would you like to know whether the program can help you to advance your idea into a startup? This is how Guido Wijffels, founder of SEN6 and a former IMPROVE participant, experienced it.
SEN6 is changing the way athletes sport and train. Based on measurements of movement, feedback is provided to athletes to better control their movements and improve their performance.
‘I expected to learn what it takes to build a business out of an idea. The reality, however, is that anything worth pursuing has no clear or easy path. Therefore, accepting every opportunity and considering all advice is vital if you want to succeed. That being said, I was pleasantly surprised to find a real opportunity at Mercator Launch. Excellent resources were provided by some of the most helpful and experienced people I have met.’
Mercator Launch IMPROVE Program enabled Guido to take his idea a step further. ‘This program helped me make real steps towards my goals, something which would have been a lot harder without their guidance.’
Also, the program provided valuable lessons for this young entrepreneur. ‘I have learned that entrepreneurship is challenging and rewarding regardless of the results. The improve program was definitely worth it.’
Would you like to learn valuable entrepreneurial lessons as well? Apply for the IMPROVE Program before February 26th and go for it!
Pixelstad applies the latest technology in virtual and augmented reality in order to enhance the efficiency of the spatial planning process. They create custom made, dynamic virtual envirnments, which eventually results in the most suitable outcome for society.
With the GV-voucher Roger Seelen is going to lift Pixelstad to the next level.
GRAPHKITE: SOLUTIONS FROM DATA
It’s been said that Artificial Intelligence (AI) is going to have a larger impact on the world than the internet revolution ever did. Machine learning, a subset of AI, is the scientific study of algorithms and statistical models that computer systems use in order to make predictions or decisions without being explicitly programmed to perform the task. So basically, it’s building self-thinking machines!
Machine learning is conquering the world. You might have experienced it in real life when you get suggestions for your next purchase online, increase the appeal of photos taken by your phone or when your doctor uses AI to help him analyze your CT-scans. AI is offering a lot of opportunities to develop new solutions and the Entrepreneurial Minds of the month are helping those solutions come to life. Meet Jelle Piepenbrock, Simon Brugman, Roeland Wiersema and Alex Kolmus. These four student entrepreneurs together are Graphkite!
Graphkite develops advanced self-learning algorithms. ‘We are able to find patterns from the data of a person or an object while using automated models and as such are able to make valuable predictions’, explains Simon. Accurate predictions can help organizations make better decisions.
It started all about a year and a half ago when the founders of Graphkite entered a Computing Science Masters course at the Radboud University. During this course, they participated in an international online competition for Data Science, competing against more than 3000 other teams. ‘The goal of the assignment was to come up with a model that predicts the amount and the type of fish being caught, by analyzing video material from several fishing boats in the ocean. Basically, to be able to statistically predict overfishing,’ explains Roeland. ‘Often students use a model they’ve learned about during the course, just to find out much later that the model only works for that one particular boat. That is precisely the art and the difficulty of machine learning,’ says Simon, ‘to develop a model that works for every boat.’ They did amazing in this global competition and even got into the top 2%!
After working together for a longer time, they realized that they work well as a team and that they are able to translate theoretical knowledge in to practical solutions. ‘Naturally, we wondered whether we could solve other practical problems. Without too much hesitation we reached out to one of the three largest insurance companies in The Netherlands’, Simon explains. ‘We explained what we could do using machine learning. Two months later we booked our first job!’
After that they took Graphkite to the next level, bringing machine learning to other companies. It’s a very large market and it’s expensive for companies to innovate. ‘It’s more beneficial to hire a company that offers existing solutions, like us’, says Roeland. ‘And it works because we recognized that the problems an insurance company has, are actually applicable to problems in completely different lines of work’, adds Simon.
The team has even bigger plans for the future, looking to solve problems on a larger scale. In order to actually scale up to the next level the students looked for an experienced entrepreneur to join their team. It didn’t take long for entrepreneur and growth advisor Johannes Vinke to join Graphkite. ‘With his help, we hope to attract more business and to start growing,’ adds Roeland. ‘But for now, some of us need to graduate first.’
The team doesn’t need long to think of a tip for a beginning entrepreneur: `Just do it, says Jelle. ‘Don’t think about it as a huge step. Tell people what you do and ask if they can use it. Your idea doesn’t need to be perfect, it evolves through time and experience. But the only way to find out what it will become, is to just do it!’
FROM A PARTICIPANT’S PERSPECTIVE!
On March 7th, 2019 is the start of the second Mercator Launch IMPROVE program: a 10 step pre-incubation program for those who seriously consider starting their own business. What is a better way to learn more about the program than from the experiences of former participants? This week Jordy van Langen, founder of ShareTalk, shares his point of view on the IMPROVE program and what it has offered him.
‘When I signed up for the IMPROVE program I expected it to be highly informative regarding the different steps of building a startup. This expectation matches the reality. What I didn’t foresee was the comprehensive network of people around the IMPROVE. This was an absolute plus!’
ShareTalk builds a new on- and offline platform that enables people with mutual interests to meet. Every day many knowledge-rich, inspiring and experienced people are traveling by public transport to work, conferences or other social (network) meetings. Nevertheless, in each others proximity, they do not get in touch. ShareTalk enables these people to meet and connect. A (gaming) element encourages commuters to meet face-to-face, win points and receive discounts and other rewards.
Furthermore, Jordy was enthusiastic regarding the sessions: ‘The Pitch training was outstanding and all the other sessions were very good organized. The different locations (SUN, NTC, Rabobank) where the sessions took place gave me extra motivation to contribute to the program.’ In Jordy’s opinion the program delivered what was promised. ‘It brought me further. By building my own Golden Egg Academy, I have now a solid foundation on which to advance my business.’
‘In conclusion, the program is definitely worth it! Although you might not be able to have your startup up & running immediately after the program, it definitely pointed me in the right direction and provided me access to a network for next steps!’
Are you a student, PhD or Alumni at the Heyendaal Campus and is your idea ready for the next step? Apply before February 26th by hitting the button below!
On Thursday January 17th Mercator Launch opened its doors to the student and PhD entrepreneurs, professors, academic staff, so basically to all the entrepreneurial minds on campus. We also welcomed Prof. Daniël Wigboldus, President of the Radboud University Executive Board.
During Mercator Lunch Marijn Martens (researcher at NeuroDrug Research) and Quirine Wissink (founder of Lutto) pitched their ideas and shared their experiences. We’ve witnessed our guests making new connections and chatting away while enjoying a delicious vegetarian lunch.
Thank you all for coming. The first Mercator Lunch this year was a success! You can already sign up for the February lunch.
Sometimes you wonder how a person can be this enterprising and proactive. Well, Marlieke van Schalkwijk (22) is one of those people. She’s a Political Science Master student, she’s a freelance content writer, she’s the ambassador of Young Lady Business Academy, founder of Hidden Talent and co-founder of Immigrants With Impact.
PERSEVERANCE, PASSION, PLEXUZ
What do you do if you’re a medical student and you want to optimize your learning behavior? Or what if you’re in need of personal feedback on how well you’re doing compared to other students or even feedback on which subjects or themes need more attention? You download the free Plexuz app. In case of Martijn van der Meulen, you develop it!
Plexuz is an app that supports medical students by giving them personal feedback on their learning behavior. It works like a quiz-app. You choose the topic within medicine you want to practice and answer multiple choice questions. Almost all the questions provide feedback whether you give the correct or wrong answer. Furthermore, the app tracks your progress and advises which topics you’ve mastered and which topics you need to work on. ‘We received the questions from the Radboudumc and we linked every question to cognitive learning objectives for first year medical students as well as for almost graduates. Every medical student in the Netherlands can benefit from Plexuz’, says Martijn. ‘Besides, you can invite other students to join your study group to learn even more effectively.’
‘During the first years of my studies I often had the feeling that I wasn’t getting optimal results. A score of 70% meant that I missed out on the other 30% and I didn’t know why. Also, I felt that I didn’t receive the feedback I needed from the faculty and missed the oversight of my knowledge and what it should be. After talking to other students about it I’ve realized that this was a common problem, one that I could solve’, Martijn explains.
He started working on the very first version of Plexuz back in 2014. Today the Plexuz team has two more members, Romy Heijse, law student at the Radboud University, responsible for business development and marketing and Pieter van Laatum, recent Informatics grauate at the Radboud University and IT-developer at Plexuz. After a year of developing, they finally launched the new and improved third version of Plexuz. Within two weeks the app has over 200 users. Great news for Martijn. However, he has bigger plans. ‘In time we want to add other studies, beside medicine and even introduce it in high schools. But first we hope to convince the teachers and professors to work with Plexuz as well.’ Not an easy task to do. Like healthcare, education sector is also quite conservative. Oftentimes decision making is linked to best practice. Nevertheless, the team is positive about the outcome. They developed a new feature that creates the most optimal study group based on students’ results and learning objectives in the app. ‘In my opinion, a ‘smart’ study group will achieve better results compared to a group that is randomly placed together by the professor. We’re hoping that this feature will be widely supported by the teaching staff, so that we can start with a pilot.’
An amazing idea and a quality product. However, the business side of things can get tricky sometimes. ‘We developed this app not quite according to the lean-startup method’, laughs Martijn. ‘And we don’t even have an earning model yet, as the app is free, without commercials or premiums. Also, we lack knowledge on how to lift this business to the next level. This is why it’s important that the university facilitates this kind of support for starting entrepreneurs. I followed a startup program at REshape and I often discuss my affairs with a coach from Mercator Launch.’
Evidently, Plexuz is not about the money. ‘This project captured me and became my hobby and my pastime. It was never my vision to develop this app for myself, as I’m nearly graduating. The aim of this project was to support the future medical students in becoming better doctors. For me, that’s the ultimate payoff.’
In all those years developing Plexuz, Martijn realizes how important it is to have a team that you can trust. This is also his advice for a beginning entrepreneur. ‘Choose your team wisely. You’ll have a bigger chance at success if you work with someone you’ve known for a while. Developing a product is not easy, but you’re more likely to succeed when you’re surrounded by the right people.’
You can now download Plexuz for free below (in Dutch):
There are quite some startup (pre)-incubators and startup support organizations in this region. It can get a bit confusing: what’s the difference between the organizations and who's the best fit for you? This is why the Economic Board did some research on three different startup support organizations: Mercator Launch, Briskr and Startup Nijmegen. (Sorry, only in Dutch)
Today, Get in the Ring announce that the 6th edition of their Global Startup Competition is open for applications. This year an additional funding opportunity has been added to the competition. In partnership with VenturesOne and a group of private investors €10Mln in capital is committed to invest in selected finalists of the competition around the world.