Chapter 2 'Opportunity & the Concept Summary' (Pg. 25 - 50) provides you a guideline for identification and evaluation of opportunities. It is recommended to use these concepts to identify an opportunity you'd like to pursue as a group for this course. For example, content may cover which need is being addressed, how the opportunity is being evaluated, what makes it attractive, which category does it fall under, what will the product or service do on a higher level, who is the intended target audience and how does it compare with existing market landscape. Some suggested topics have been shared with you in the first lecture including
MIT City Scope
Welding ergonomic (VR/AR/MR)
You are free to choose topics other than the suggest ones.
About 3 minute video
PDF document about 2 pages (with all team member names and student numbers on the document cover page, may include transcript of the video)
Second assignment builds on top of the opportunity identified in the first one. The idea to to discuss how your venture is going to capitalize on and pursue the potential opportunity, what exactly is it that you do, who do you cater to, what differentiates you from competition (if any), how do you make it financially viable and what are current and potential challenges in terms of managing the venture. Make sure to touch upon people, organization, resources and capital aspects of the venture in one way or the other. Try to connect value proposition of your venture back to characteristics of an attractive opportunity discussed in the first lecture (timely, profitable, solvable, important and context).
This gives you a direction for the content, however you have all the freedom to shape the content. You'll be evaluated based on following criteria:
Grounds to back your claim
1 to 5 minutes video
PDF document about 2 pages with all team member names and student numbers on the document cover page
Video presentation + discussion
Upload the video on Youtube (mark it unlisted if you like). While submitting the content on MyCourses, you are required to submit the youtube video link and 2 pager document. Make sure to submit the assignment before 4th December 23:59.