allstars briefing 7 oct 2011
DESCRIPTION
AllStars Briefing slides for review & download by participants. For more info visit www.allstars.my or www.cgp.com.myTRANSCRIPT
Introducing All Stars - CGP
Accelerating Innovation through mentorship
Dr V. Sivapalan (Siva)Premesh Chandran (Prem)Dhakshinamoorthy (Dash)
All Stars
Good ideas can be better through proper mentorship, training & peer support
“Do More, Faster” “Build Trust, Early” “Invest in People, Not just ideas”
The journey
87 Applications
25 Teams will pitch on Oct 31, Nov 1st
15 Teams selected
15 Teams
FastTracTechVentures
by Kaufman Foundation
EntrepreneurshipTraining
Tech Ventures Training Program
Group Training Sat, Nov 12th, 19th
Module 1 - 4 Sat, Dec 3rd, 10th
Module 5 - 8 Sat, Jan 14th
Module 9 -10
Face 2 Face Coaching
Two hours per team Three sessions
Nov 25th, 26th
Jan 6th, 7th Jan 20th, 21st 28th
1_B
Apply Concepts
Introduce Introduce ConceptsConcepts
Practice Practice ConceptsConceptsCoaching and
mentoring from entrepreneur
facilitators
Developing social networks
Interacting in small
peer groups
Connectingwith community
resources
Peer-to-Peer Environment
Learning Strategy
AllStars
The Pitch – Oct 31st, Nov 1st
Presentation - Maximum of 10 mins Q&A - 15 mins Slides are encouraged but optional Print outs are optional 4 member panel
AllStars, TeAM, MVCA, Cradle Is not about whether you have the perfect
business, but are you suited for this program
Criteria
ICT-related Early stage Able to build prototype in 3-8
months Self funding, or able to raise
necessary funds (CGP does not provide funds)
Don’t have to be perfect!
Scoring
Innovative Idea (3) Where is the innovation? Differentiation? Is it easy to build? Is the Revenue Model clear and realistic?
The Market (3) Is it crowded or scarce? Will customers adopt this?
People (4) Is there passion for the idea? They have domain experience? Ability to manage and sustain through early stages?
Business Model Canvas
For more information read “Business Model Generation” by Alex Osterwalder or check out http://www.businessmodelgeneration.com/
Suggested template
What do you do?
Start by explaining what your idea is but in simple terms & keep it short.
There must be an “aha” moment … as in “aha, I get what you plan to do”
Value Proposition (What)
Product / Offer- Faster- Cheaper- More effective- What problem
does it solve?- Key Competitors
Market / Customer Who are they Segments How will you get to
these customers? Is the market big
or scalable?
How you will do it? (How)
Assets Build a website? Buy assets?
Key Partnership Banks? University? Governments? Facebook?
Why do you think you can do it? (Who)
Your experience? Your linkages / networks? Your passion for this product? Your existing assets? The team (complete?)
Strengths and Weakness
How would you score yourself?
Innovative idea - 3 The market -3 People - 4 Total = ?
THE PITCH
19
Learning Points:
The essential elements of an Elevator Pitch
Presentation elements
The message
Who does the Pitch?
Timing
Pitch Essentials
20
What is an Elevator Pitch
VCexperts.com definition of an Elevator Pitch:
“An extremely concise presentation of an Entrepreneur’s idea, business model, company solution, marketing strategy, and competition delivered to potential investors. It should not last more than a few minutes, or the duration of an elevator ride”
What is the secret to the perfect elevator pitch?
What does the panel want to see/hear?
21
Presentation Elements
Be enthusiastic
Show passion
Communicate – get your message across
Persuade
Excite
22
You must get your ‘message’ across to the panel?
What is that message & how will you get it across?
What is the most important thing you want them to remember from your pitch?
The Message
23
Timing is VERY STRICT. Practice & perfect your timing
The person who can best convey the message should do the pitch. Ideally the team leader but not necessarily so
Timing & Who does the pitch
24
Video Presentation on Pitching
Dragon’s Den
Dragon’s Den
25
Discussion Points
Dragon’s Den
Thank You
