April 19, 2012 in slideshow
Funded or not, you’ll have two months or longer to build your prototype, and receive valuable 1-1 mentoring from alumni and fellow entrepreneurs. If you don’t get funded – don’t worry – learn more, refine your idea, do some brainstorming and try again.
COMPETE + GET FUNDED
In order to get selected you need to be selling the panel around the four business planning areas. If there are gaps, you’ll get a chance to go back, refine your areas and skills necessary to move to the next level, and pitch again at a later time. The whole experience is about learning, so don’t worry, if you are not ready the first time.
If you get selected and funded – congratulations. You did an incredible job out of the gate!
RECEIVE 1-1 ALUMNI MENTORING
We’ll be pairing you up with one alumni or fellow entrepreneur, who has a high level of expertise in the industry and/or function that you will be entering. This is your sector that you are looking to build your idea into and potentially build a business in down the road. This is a fantastic experience to learn closely from a successful entrepreneur, build lifelong relationships and networks in the industry.
BUILD PROTOTYPE or PROOF OF CONCEPT
You will work with your team and under the guidance of your mentor(s) to build a prototype or proof of concept for your product or your service. Guidance is given through all phases of the prototyping process such as identify exactly what problem you are addressing, identify criteria and constrains, ideate/brainstorm possibilities and explore their viability, select an approach and build, build, build … while learning everything about starting up a business.