Tuesday, 28 September 2010

EnvironmentYES: The Result!

So the updates fell by the wayside a bit but there was good reason for it. Firstly, the Internet provided by our hotel was shockingly bad and it took the best part of Thursday afternoon to load our blog from Wednesday! Secondly, the competition was peaking and all our resources were ploughed into generating the best business plan that we could!

Our hypothetical business had some credited members who provided a well rounded team of entrepreneurs. Introducing PIP (People Inspired Power)...

Managing Director: Dr Anna Evely, having recently been a senior manager at Solar Central Ltd Anna is well placed to lead our business into the renewable energy sector, her natural ability to enthuse others makes her a driving force in the team.

Financial Director: Emily Lambert, with a strong background of financial representation and a personal interest in environmental issues, Emily has spent many a late night working streams of numbers into understandable business projections.

Science Director: Dr Laura Lehtovirta, a string of academic accolades make Laura highly equipped to deal with the technical logistics of the PIP strip, prepared for any question she will excite interest in this product like no other.

Marketing Director: Gina Maffey, coming from Hydro Electric Gina already knows the energy market well, her attention to detail may result in late finishes but PIP is now ingrained on many people's memories.

So with this fantastic team we ventured into the board room to face the investors. After a 5.30AM finish we were riding purely on adrenalin, however lack of sleep was never going to stop us. The standard of competition was high but we felt we delivered an exciting and high energy pitch, and left the investors asking for more... literally... they were genuinely interested in the idea and had a lot of questions. We left the room relieved, happy and ready to hit the bar. Which is exactly what we did.

After a two hour wait all the teams returned to the board room for the results to be delivered. We soon found out that the investors had chosen...

the Northern Irish group...

in all honesty we were a little sad, how could we not be after the intense few days we'd been through. However, all was not lost, we found that the University of Aberdeen BiotechYES group had won their round!! Congratulations guys!!

In retrospect what are our take home messages from this event:
  1. Have Fun!! We managed to avoid arguing all week, despite the stressful nature of the project.
  2. Application is key! Having to use skills we had only been taught minutes before increased our level of understanding at a phenomenal rate.
  3. Keep it simple stupid! Keeping communication at a level that is understandable for a broad audience is key. If people want to know more they will ask questions!
Finally... PIP has the People, PIP has the Inspiration, PIP has the Power, all PIP needs now is YOU!

Gina, Anna, Emily and Laura

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