CUT’s I-GYM guest lecture wants entrepreneurs to focus on purpose, not product says it will better solve the problem
The CUT’s Idea Generator hosted Mr Peader Casey, a business development manager for TEaM Rural, which is an Enterprise Ireland-funded, Institute of Technology (IT) Carlow, Ireland, enabled venture.
Casey, who was in the country to further explore collaborations with CUT, gave a presentation on the support systems for innovation and entrepreneurship at the Institute of Technology, Carlow, Ireland – focusing on challenges, experiences, and best practices.
“Focus on purpose, not on product, sometimes we focus too much on technology or innovation and we don’t focus enough on solving a problem. Technology is an enabler, it’s not innovation. Innovation is a new idea. What I say to people is: focus on purpose not on the product. The danger sometimes is that we trying to sell technology and not trying to sell a solution,” said Casey.
From 2015 to 2020 he was a member of the national stakeholder panel for rural business model development (RUBIZMO), a Horizon 2020 project. Before joining IT Carlow, he worked as an independent business developer and innovation agent across a variety of industries including food, agriculture, engineering, tourism, communications technology, automotive and associated service industries with an internationally focused rural/regional context.
Casey shared how TEaM Rural, a living lab initiative focused rural-based entrepreneurship, provides a supportive environment to enterprises and entrepreneurs in the southeast region of Ireland, connecting them with cutting-edge research and expertise. Liaising with Organisations and Agencies at local, national and international level, it also provides increased opportunities for entrepreneurs, start-up companies and enterprises providing start-up support for business through the Enterprise Research & Incubation Campus (ERIC); Expertise & Consultancy Services; Collaborative Research & Development Activity as well as Commercialisation including Technology Transfer & Licensing.
Casey added that when going into a business venture, one should ensure that the business will help a societal problem. “There’s a mindset that’s always been mentioned with regards to entrepreneurship, I often tell people that what I do requires looking for problems, most people don’t want problems. But I can’t do my job without having them. I need to know what it is, then I need to know that there is someone motivated enough to solve the problem, then I need to try and work with individuals to see how we can create a business model that is sustainable. And has a social impact as any good business has a social impact,” said Casey.
Caption
Mr Peader Casey, Business Development Manager for TEaM Rural and Dr Izabeth Conradie, Manager: Idea Generator (i-GYM) Unit.
Uploaded: 01 April 2022CUT Vice-Chancellor and Principal congratulates top Free State matriculants at the well-done function
CUT News StudentsVice-Chancellor and Principal Prof. Pamela Dube congratulating the Department of Education as well as...
Consul General Pan Qingjiang from the People's Republic of China visits CUT on courtesy call
CUT News Leadership PartnershipsConsul General Pan Qingjiang, on a courtesy call, where he had the opportunity to test various farming...
CUT new Chairperson of Council officially visits Bloemfontein Campus
CUT News LeadershipCllr Rajesh Mahabeer at a round-table discussion with the CUT executives.On January 14, 2025, the CUT...