Week 5: The Rejection Challenge

This week, we had an interesting task for which we played a game called Rejection Challenge. Each team started with a plastic box and had to make trades to see what people would trade and can we end up with something of more worth. The Rejection Challenge was very interesting because I was curious to see two things: one, what would people be willing to trade and two, over the course of the one hour, how valuable of an item can we get. I was impressed to see that we ended up with Girl Scout cookies, a Hydroflask, a faculty permit, and a Starbucks gift card. We also had offers for class notes and chapsticks.

It's interesting to see how value of items is subjective as it changes from one person to another. Our team's strategy was to split up after receiving a few boxes of girl scout cookies so we could maximize items within the time slot.

Week 4: Market Needs

I believe we need to approach a new market with our patent options because the minimum viable products we have brainstormed for our patent ideas do not line with any existing markets.
For our patent on the Greywater Filtration System, water stress is becoming an imperative issue that is in the process of being addressed through various environmental initiatives. This patent accounts for both a filtration system as well as a heating system. Currently, these two units are sold separately. These units are to be solid to home builders and construction companies who would implement it into new homes in developing communities. Our second patent has to do with producing biofuels using cyanobacteria. Currently, many cities are taking eco-friendly initiatives and are finding ways to increase renewable energy. This generates biofuels in a cheaper way, making it more appealing to our client base.