IQ Materials
Inc. and Telus New Venture Competition
Ernest Daddey is an award-winning,
innovative product development materials scientist. His
extensive experience as a research chemist and polymer
technologist, his business acumen, and entrepreneurial
personality generated a very original idea with a great market
potential, an RFID technology based on pigment. Good ideas,
however, are like rough diamonds. Their values are greatly
determined by the treatment they receive, particularly cutting
and polishing.
It takes craftsmanship, technique, time,
and effort to produce a valuable diamond. Similarly, ideas go
through a delicate process of cutting, refining, and polishing,
before they hit the market as new product, process, or business
model. As follows, we briefly describe how Telus New Venture
Competition helped IQ Materials to turn a promising idea into a
marketable technology with a huge growth potential.
The in-depth seminars from April to July
2006 organized by the Telus New Ventures, helped IQ Materials
team to brush-up important concepts, methodologies, and
essential lingo to the venture business world. In brief,
seminars enhanced IQ Materials capability to incorporate a
market-driven perspective into the already excellent
technology-driven perspective. Meeting with mentors, mostly
experts and innovators themselves, helped to refine and shape
the idea in terms of a feasible business plan to attract
financing.
IQMaterials was one of the top 10
finalist in the competition. IQ Materials is ready to meet the
right the investor and revolutionalize security identification
industry and make a significant impact in the market.