SRDC NEWS
- 2016-06-10
- WATERFRONT VISION - PUBLIC OPEN HOUSE - JUNE 22, 2016: 7PM
- Ekistics Plan+Design is helping Summerside to plan for the next 25 years of its waterfront and dow...Read More
- 2016-06-09
- EXPLORING ATTRACTS
- Adventure Canada aims to deliver unique experiences of culture, history, and natural wonder, and suc...Read More
- 2016-05-20
- VECTOR UPGRADES CAPACITY WITH NEW ENGINE TEST CELL
- Trevor Hogan sat behind a shiny new control panel Wednesday morning, with all kinds of monitors, but...Read More
- 2016-01-19
- SUMMERSIDE GROUP PLANNING WATER TAXI, UPGRADES TO HISTORIC LIGHTHOUSE
- There are plans afoot to introduce some unique attractions to the City of Summerside�s waterfront. ...Read More
News STORY
EUREKA RANCH WORKSHOPS
On Saturday, March 28 from 8 a.m. to noon at Credit Union place, people can learn how to market their ideas.
�We�re going to take them through a translation session � we�re going to teach them how to take their idea and turn it into a business opportunity that major companies can understand,� Hall said. �Second thing, we�re going to do a valuation on it. We�re going to take their idea we�re going to run it through a business simulation forecast � the same tool used by Nestl�s, Proctor and Gamble, Kraft Foods, major corporations. We�re going to give them a sales forecast that tells them how much they�ll sell and what the fair market price is to sell this to a small or a large company.�
The third aspect of the plan will be to give people access to companies. �In the U.S.A. we have something that is called the Manufacturing Extension Partnership,� Hall said. �The Manufacturing Extension Partnership has 1,600 people across the U.S. Those 1,600 will help make connections between your idea and a company. My goal is to turn Prince Edward Island into Innovation Island, so you can live in paradise and have your business anywhere in the world.� On April 20 the workshop �goes live� on the website planeteureka.com. This plan has been in the works for two years because innovation in the United States has hit a low. Hall said the U.S. is desperate to get innovation going again and has approached a lot of different experts on how to achieve this.
�I said the problem you�ve got is translation and valuation,� Hall said. �We need to teach the entrepreneurs, the inventors how to speak this and that�s what we do. Secondly, nobody knows what it�s worth so we need a valuation system.� Hall said presently the closest competitor for this service would charge $100,000 to do one of these tests. �We have been able to get the price down to $2,500 but that�s to ACOA, and to the P.E.I. government, the cost to an Islander to do this is nothing this Saturday, if you come this Saturday.�