We acknowledge that we live and work on the traditional territory of the Neutral, Anishinaabeg and Haudenosaunee peoples. The University of Waterloo is situated on the Haldimand Tract, the land promised to the Six Nations that includes six miles on each side of the Grand River.
When I discovered the Masters of Business, Entrepreneurship, and Technology (MBET) program I had no inkling of how engaging an experience this would be for me. The notion of entrepreneurship and the buzz word "innovation" were dormant nouns, until I learned to embody those nouns.
From ignition week until the fire-powered year-end showcase, the rocket fuel of MBET learning allowed me to act as a powerhouse for innovative start-ups like MaRS, Communitech and the Accelerator Centre.
What a year it has been! I can't imagine the feeling of awe that Hadfield had from up aboard the ISS (International Space Station) while on his mission in outer space. Looking back on this past year of whizzing deadlines for assignments, group projects, engaging speakers, humble presentations of amazing people with rare wisdom and exchanging amazing ideas with students from various countries and cultures, I felt I was on a space trip through the universe. Being in a hub of innovation, the center of tech learning, the boiling pot of financial institutions, exploring ideas... that’s the MBET experience.
I realized why the city of Waterloo is considered one of the vertices of the tech triangle as I cruised through the program. I was wowed by the number of companies that have the word 'tech', 'creative' and 'innovation' in their names. I saw buzzing businesses and creative enterprises. I saw new businesses opening, and startups becoming famous.
However, oddly enough, I also saw small businesses putting up signs of 'Business for Sale’, 'going out of business', or 'closing down— final week'. By spring time, I noticed a huge store where I had shopped during the winter holidays marking a dark corner of the mall, displaying a ‘closed’ sign. It occurred to me that if so much human and financial effort is put into setting up a business, then what about effort and cost to discontinue the operations? If the local media, business chambers and leaders congratulate, support and cut the ribbon, who is there to save a dying business? There has to be a mechanism to see where the flaws are and introduce innovation to the existing business operations or marketing framework. With 10 years of industry experience, and now with an MBET degree, I have learned to see solutions to challenges in the business world, and how to provide those solutions. innovoCore – my start up consulting project has launched its website, and is offering solutions for businesses to create the competitive edge in the market place to sustain and grow. The solutions that we provide revitalize the core of a business by helping them to regain the passion of entrepreneurship and help businesses innovate their strategy and tactics in order to avoid putting a sign up. This passion and a modified view of innovation and entrepreneurship is the culminating point of the MBET program.
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