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Calling everyone in Peterborough and the Kawarthas!
Join us for a night of local food, drinks, and networking while recognizing the accomplishments of those in the business community!
The annual Business Hall of Fame is coming back to The Venue on May 24, 2018, to recognize individuals for their business endeavors over a lifetime and their dedication to enhancing the economic prosperity of our communities.
The Business Hall of Fame, Dinner and Induction Ceremony honours individuals whose exemplary accomplishments of vision, leadership, and commitment to excellence have strengthened our economy and community.
Inductees are widely respected for their integrity, business acumen, and community contributions. They are regarded as inspiring role models for enterprising Junior Achievement students and young Canadians.
Did we mention there’s a Culinary Showcase? Before the show begins, you’ll get to visit local vendor booths, grab a drink and network with Peterborough’s business community!
During the 2017 Hall of Fame, community members inducted included Rhonda Barnet, Darrell Drain, John Bowes, Isadore Black, Jack McGee, Robert Young and Joseph James (J.J.) Duffus and The Innovation Cluster’s own President and CEO Michael Skinner!
About Junior Achievement
JA Canada is passionately committed to their mission of inspiring students and preparing them to succeed in a global economy.
They are the largest youth business education organization in Canada with a national office and 16 Charters and ADMs (Alternate Delivery Models) serving students from coast to coast. We work in partnership with educators, volunteers and businesses to educate students about financial literacy, work readiness and entrepreneurship.
The Business Hall of Fame is a fundraising event in support of Junior Achievement of Peterborough Lakeland Muskoka.
The Top Four Elements That Lead to Startup Failure & How The Innovation Cluster Can Help - 2018-05-08
Becoming a first time business owner can be an immensely challenging and intimidating experience but when you begin to understand what separates a prosperous brand from its ineffective rivals, the required steps become much more transparent. In the following article you will find the top four elements that lead to startup failures according to fourteen global business accelerators.
1: Insufficient Testing
You cannot truly understand the validity of your unique product or service if you do not execute substantial testing. Gathering insight towards barriers of entry in your distinct industry, along with the specific needs and wants of your desired consumer base is essential when developing the beginning stages of a successful business plan. This invaluable knowledge-base will serve as the basis for all future brand decisions, and will assist you in sculpting a business strategy that is custom-tailored to your target audience.
The Innovation Cluster’s incubator The Cube offers a wide variety of services in relation to both product and consumer testing. Utilizing various resources including experienced industry professionals, leading business support applications, and guidance from Innovation Specialists and community partners supply our startup clients with the tools to perfect their products and services.
2: Internal Personnel Conflict
Maintaining the cohesiveness of your businesses core team-base is a vital piece of the overall brand blueprint that will considerably affect productivity and general workplace positivity within your organization. A successful team must possess complimenting skill-sets that work harmonically to propel the business forward with each member understanding the value of their colleagues and how their unique abilities aid the growth of the brand.
The Innovation Cluster provides you with a positive, inclusive, and collaborative environment to flourish your brand into an influential member of the entrepreneurial landscape. Startups work alongside each other in the incubator which is a proven method to help build each other up. While incubated, startups also have the guaranteed support from the business community to set you on the best path to gain the most impactful connections.
3. Lacking Tenacity
“I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. Unless you have a lot of passion about this, you’re not going to survive. You’re going to give it up. So you’ve got to have an idea, or a problem or a wrong that you want to right that you’re passionate about; otherwise, you’re not going to have the perseverance to stick it through.”
This quote of one of today’s most influential entrepreneurial voices, the late Steve Jobs, illustrates the immense importance of resilience and overall determination in the will of an entrepreneur. The long and trying journey of a small-business will be littered with both minor and more substantial failures that entrepreneurs must learn to control and use to their advantage if they wish to thrive in this competitive landscape.
How could an incubator shift the mindset of an uncertain entrepreneur? Being a part of a larger organization surrounded by a peer-group who are enduring the exact same trials and tribulations you and your brand experience on a daily basis is a priceless asset that can help alleviate at least a small portion of the anxiety associated with being a new business owner.
Often originating from founding members, greed is regularly responsible for dismantling young brands by pitting members with conflicting ideals against one another for nothing more than financial gain and peer recognition. Furthermore, consumers generally respond positively to a generous attitude due to the fact that such practices exhibit a genuine, and relatable brand-image that prompts product loyalty amongst your user base.
The Innovation Cluster helps avoid these unfortunate circumstances by providing startup clients with problem solving techniques instructed by established business partners via various events and Hands-ON workshops, each specializing in enhancing business skills.
Avoiding these barriers are only a few of the reasons to join a startup incubator like The Cube, that offers resources and support networks to its startup clients.
Interested in becoming an Innovation Cluster client?
Innovation Cluster Welcomes 7 Youth Entrepreneurs Into The Cube for Second Annual Slingshot Program - 2018-05-03
After last year’s successful pilot launch of Slingshot, the Innovation Cluster program that supports 18-29 year old entrepreneurs to start and grow a business inside their incubator for four months is back. The seven chosen participants will enter the incubator on May 3 for an orientation and will be able to begin launching their business into success the same day, with a chance to win $1,000 for their work by the end of the program.
The chosen businesses provide solutions to a vast range of issues, which were all deemed high potential in the selection process. The innovative companies range from mobile networking apps, re-sellable clothing and optical solutions.
Between the ages of 18-29, the chosen entrepreneurs are:
Dylan Trepanier: Peterborough mobile eye exam clinic to reduce wait-time and be inclusive to customers.
Vismantas Kuznecovas: System to measure vibration of industrial machinery to provide maintenance solutions.
Lucas Graham: Building a mobile application to make networking events more efficient.
Alex Hopkins: Gambling platform for online video game currency.
Cole MacGregor: Reusable clothing that strives to promote gender-neutral fashion.
Rhode Thomas: Initiative to support Indigenous learners’ post secondary experience in Ontario
Raman Vauchetski: Building a platform to connect employers with potential employees.
“The Slingshot program showed such success from all participants last year, that over half of the startups applied to stay at the incubator past the end of the summer,” says Rosalea Terry, Marketing Manager and Senior Innovation Specialist. “This program shows to be a great opportunity for those who are just starting out in the business world and are learning how to adapt into being an entrepreneur.”
Throughout the summer program, each company will have a dedicated desk space within the incubator and access to all of its workshops, resources, innovation specialists and tools.
According to Forbes, incubated businesses have an 87% survival rate, and 84% go on to do business in their local regions.
Last year’s winner of the Slingshot program was Alex Gastle of Vetterview. Vetterview is a platform that connects social media influencers and micro-influencers directly with brands looking to leverage influencer marketing through paid collaborations.
Gastle was able to push his business forward throughout the summer, and proved in his pitch Vetterview would have exponential growth in the future due to partnerships that span as far as London, England, thus winning $1,000.
“Working in The Cube was a lot better than working from home,” says Gastle. “I was motivated to come in every day and enjoyed hearing about the success other incubated startups were having.”
At the end of the program, all participants also must pitch their business and the progress they’ve made throughout Slingshot to a panel of judges from various business backgrounds, to determine who wins the $1,000 grand prize.
- Grab Your Ticket Now For The Junior Achievement Business Hall of Fame!
- The Top Four Elements That Lead to Startup Failure & How The Innovation Cluster Can Help
- Innovation Cluster Welcomes 7 Youth Entrepreneurs Into The Cube for Second Annual Slingshot Program
- Local Startup MotherClock Revolutionizes the Way Businesses Track Employee Payroll
- Innovation Partner Highlight: Part Time CFO Services