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What is a Lean Startup?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A Lean Startup is an approach to business creation and development that focuses on rapid prototyping, iterative development, and customer centricity.

The concept of Lean Startup was developed by Eric Ries and is based on the idea of Lean Manufacturing, which focuses on optimizing production systems. The goal of the Lean Startup is to minimize the risks of starting a business by quickly and cost-effectively testing whether the business model works.

A Lean Startup uses a combination of scientific method and agile principles to quickly get feedback from customers and improve the business model. This often involves developing and testing prototypes or minimal versions of a product or service to quickly learn what customers want or what works and what doesn't.

Through this iterative development and continuous feedback from customers, lean startups can quickly make adjustments and adapt their business model before investing too much time and resources in something that doesn't work. This allows them to get to market quickly, save costs, and increase their chances of success.

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What does a product owner do?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A product owner is a central role in agile software development teams like Scrum. The product owner is responsible for ensuring that the developed product or service meets the needs of the customer and provides real value.

In detail, the role of the product owner includes the following tasks:

Setting the product vision:

The product owner defines the overarching vision of the product and sets the goals and requirements for the team to meet.

Creating the Product Backlog: The Product Owner creates and maintains the list of features and functions that the product should contain and prioritizes them according to the needs of the customer.

Collaborating with the development team: the product owner works closely with the development team to ensure that the team understands the customer's requirements and develops the product accordingly.

Task prioritization: The product owner decides which features and functions of the product need to be developed first, based on the needs of the customer and the value they bring to the business.

Prioritizing tasks.

Monitoring progress: the product owner monitors the progress of the development team and ensures that the team meets the established goals and requirements.

Testing the Product: The Product Owner tests the finished product to ensure that it meets the customer's requirements.

Release Planning: the Product Owner plans the release schedule for the product and coordinates the release with the development team.

Overall, the product owner is a key interface between the customer, management, and the development team and plays a central role in the development of successful products.

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What is project management?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Project management is a systematic approach to planning, organizing, managing and controlling projects. The goal of project management is to ensure that projects are completed successfully by effectively deploying all necessary resources to achieve the defined objectives.

Project management involves various tasks and responsibilities, such as defining project specifications and objectives, planning and monitoring resources, coordinating team members, monitoring project progress, and adjusting plans and budgets to address changes and risks.

Project management is used in many fields, such as IT, construction, product development, and research. There are different approaches and methods for project management, such as the waterfall model or agile methods like Scrum and Kanban. The choice of the appropriate method depends on the type of project, the available resources, and the needs of the customer.

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Media & Press Relations Online Course - How to Take Your Public Relations to the Next Level

05/08/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In today's world, effective media and public relations are critical for businesses and organizations. Successful public relations can help improve a brand's image, gain customer trust and increase an organization's visibility. But what is the best way to go about successful media and press relations?

An online media and public relations course can help provide the skills and knowledge necessary to take your public relations efforts to the next level. The course teaches the basic techniques and strategies needed to conduct a successful media and public relations campaign

The following are some of the topics typically covered in such a course:

The importance of media and press relations

First, we will explain why successful media and public relations are so important. Examples of successful public relations campaigns are given and the impact they have had on the image and awareness of companies and organizations is explained.

The importance of media and press relations is explained first.

Target groups and objectives

This section explains how to determine your target audience and what your goals should be for media and public relations. It points out that it is important to set realistic goals and consider what type of media is best suited to achieve those goals.

Building media contacts

An important part of media and public relations is building good relationships with journalists and other members of the media. This section explains how to make and maintain such contacts

Creating press releases

A press release is an important part of any media and press relations effort.

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The startup scene in Rostock - Who is founding and in which area?

05/04/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Rostock has developed a vibrant start-up scene in recent years, which is supported by the university, local initiatives and the city administration.

An important player in Rostock's startup scene is the Rostock Business and Innovation Center (RBIC). The RBIC offers young companies offices, laboratory space and advice. Here, founders can benefit from the expertise of experienced staff and have access to a network of investors and business partners.

Another important initiative is the Rostock Start-up Slam, an event where young founders can present their business ideas and receive feedback from a jury of experts and the audience. Here, young start-ups have the opportunity to present themselves to a broad audience and make contacts.

The University of Rostock also plays an important role in the start-up scene. The university offers support and advice to students and graduates who want to start a business. There are also special courses and workshops that deal with the topics of founding and entrepreneurship.

An example of a successful start-up from Rostock is the company Centogene. The company was founded in 2006 and specializes in the diagnosis of rare diseases. Centogene is headquartered in Rostock and now has subsidiaries in several countries.

Overall, Rostock has an emerging startup scene that benefits from a good infrastructure, a strong university and a supportive city government. The city offers a good environment for young companies and thus contributes to the economic development of the region.

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