Business

Will the innovative engineering and modern design smoke out the competition in cannabis accessory market?

03
October
2017

Simon Grigenas, a fourth-year University of Alberta business student and medical marijuana user, had had it with conventional bongs.

UPDATE: The entrepreneurs’ crowdfunding launch has been postponed. They expect to launch late next week. You can register on their website to be notified when the launch takes place.

Often made of glass, they sport ugly stains, give off a bad odour, and his latest one had just tipped off his coffee table and shattered on the ground. “They aren’t very appealing to have in your home,” he said, adding that there hasn’t been an innovation in functionality in many years.

He knew this because he had tested out more than 10 different kinds of bongs after being prescribed a marijuana license when a head injury left him with migraines.

“I would have to hide them before friends and family ...

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18
October
2017

COMMENTARY || Enabling innovation: Lessons from Crystal Pepsi

Turns out developing a product is the easy part, getting people to buy requires an 'enabler.'

We tend to think that innovation is driven by new discoveries or advances in technology. Yet the problem with new products is often not an engineering challenge, but a psychological one. In fact,
16
October
2017

Social media’s impact on businesses far greater than believed

UAlberta research shows for the first time how organizations can deal with heightened online emotions effectively.

Businesses should confidently respond to upset customers expressing opinions online with equally emotive language that resonates with them, according to a Alberta School of Business
04
October
2017

Minimum wage increase contributing to job losses, says U of A economist

Report states increase is too much too soon, while proponent argues earning a living wage will pull many out of poverty.

Alberta’s new minimum wage—which rose $1.40 on Oct. 1 to $13.60—could end up hurting those it is most meant to help, says a UAlberta economist. In a report released last week
27
September
2017

How a pair of UAlberta engineering students intend to conquer the competitive cosmetics industry

They have a good product, but now they need money to scale up and go big in a highly competitive industry.

Some of the most powerful businesses have humble beginnings. Mattel came to be in a garage. Facebook in a dorm room. And if UAlberta engineering students Akash Gupta and Sravya Kalyanapu achieve the
23
September
2017

Bossy brand advertising raises ire of most customers

UAlberta study blows holes in one of the advertising world's most beloved ploys.

Nobody likes to be told what to do. And now a UAlberta study proves that is true for even the strongest brand relationships. “Seventy-two per cent of ads in America’s top 10 print
06
September
2017

Alberta’s life sciences innovators to get boost from new health-tech business incubator

TEC Edmonton/Merck Canada to offer specialized expertise on UAlberta’s Enterprise Square campus.

TEC Edmonton and pharmaceutical giant Merck Canada are partnering up to create a business incubator connecting burgeoning Alberta-based health technology companies with health business
29
August
2017

International trade a net benefit to the poor

Despite the possibility of a reduction in real wages in some sectors, developing countries are better off in a global economy.

Poorer households in some developing countries experience net gains in well-being as a result of international trade, despite a potential erosion in income, a new study out of the University of
16
August
2017

The fine line Canada must walk in Trump's America

Deep economic asymmetry means Canada has more to lose than its southern neighbours during the NAFTA renegotiations.

As Canada entered into the North American Free Trade Agreement (NAFTA) re-negotiations with the United States and Mexico this morning, it’s not business as usual. The deep economic asymmetry
16
August
2017

Canada needs NAFTA and the U.S. knows it

As renegotiations begin today, the battle hinges on the all-important dispute resolution mechanism, says UAlberta trade expert.

North American Free Trade Agreement (NAFTA) renegotiations that started today will likely be a battle of political wills that come back to the thorny issue of dispute resolution, says a UAlberta
12
July
2017

UAlberta grad students win major TEC VenturePrize

Students commercializing a remote temperature monitoring system they developed for the restaurant industry.

A pair of entrepreneurial graduate students at the University of Alberta won the $30,000 TEC VenturePrize Telus ICT Award with a technology that will help restauranteurs maintain food safety. Zack
07
July
2017

UAlberta remembers prominent Métis leader, entrepreneur and philanthropist

Herb Belcourt, a passionate supporter of Métis education, set up a fund that helped more than 900 Métis Albertans.

Herb Belcourt, one of Edmonton’s most prominent Métis education leaders, entrepreneurs and philanthropists, died yesterday morning after a battle with cancer. He was 85. “Herb