After examining my feasibility analysis I have noticed that my week areas are gathered around the financial area of project development this is where I would have to gather skilled people me for guidance and assistance.
My other week area around development will have to be handled the same way, employing or connecting to the experts in that area. To help with the production and development of my idea.
What does this mean?
According to Australian Government IDEAS – Traffic light report (2011), an innovation Feasibility Rating of 76.5 means.
“Innovation Feasibility Rating = 60 to 79 (yellow light)
If your idea scored an innovation feasibility rating between 60 and 79, then its potential for acceptance in its current form is uncertain. It may nevertheless
warrant some degree of cautious consideration. Innovation feasibility ratings in this range mean you should not invest heavily in a business case at this stage. Rather, development should be limited to those activities that are not costly and you should focus on resolving some of the concerns that brought the rating down.
An innovation feasibility rating in the upper half of this range (70-79) generally represents enough potential to warrant further limited and cautious development.”
Want to know more visite:
Week 2 day 3
After a long day at work I once again tried to get the site to function properly, this time with help in the form of a friend (co-student): Still to no avail. Deciding to once again giving up for the night I emailed my lecturer and sat down, with my friend from uni and my husband, the three of us watched The Social Network (Facebook movie). Watching this film really highlighted the importance of being prepared and reading all the fine print. Especially in area of IP and never underestimate human nature, because if you do even your friends will can screw you over. One thing that i did notice was the way in which Mark Zuckerberg was portrayed as a person with an ASD, I wonder if this was intentional, and if Mark Zuckerberg really behaves in this manner or was it artistic licence.
Innovation and Entrepreneurship in Interactive Entertainment
Week 2 day 2
A frustrating day for me today I tried working on a site designed to graph out the potential and ricks associated with starting my business. The site failed to work. So I packed up and went to bed. Vowing to try again after work tomorrow.
Well it is the start of the week again today and I am well rested from my weekend of power writing for my product prospectus on P.O.W. I learnt a lot while researching my idea; while the technology is not new it is the implementation of the technology that will be different in my product.
One of the elements about this unit I was happy to discover is that I still own all my intellectual property; this was a concern for me as I have produced some cool things over the years.
I also will need to work out my exit plan (Just in case: I am an optimist, and you never know), as I have no intention of ever running a business, just want to get the ideas out there and in the hands of children: Who it is designed for.
I should also start investigating trademarks, coming up with my own logo. My business name also have to be checked. So much to do but it makes life interesting.
