That's not a bad sentiment IMHO.
FWIW, I'm not convinced by the use of colours, specifically the 'shading'.
Whilst red & blue is a classic combo, here we have the odd scenario of the blue fading to white and the red fading to black.
Also blue saturation increases downwards and red saturation increases inwards, as if they are seperate objects under different lighting.
I'd consider changing from red/black to red/white on the 'head' of the icon (or perhpas just red). I don't think it's such a problem at the base where the eye is seeing everything else darken together.
I'd also consider making the central rectangle (immediately around the word oolite) red too. The pale blue background renders the white letters rather too subtle I think. Additionally the red chevrons look superimposed rather than part of the icon/model/thing and so making the centre red would both link them together and even up the use of the two colours
I might make a quick mock up when I have more time. Meanwhile, a nice first try and you've got us talking.