allstars briefing 7 oct 2011

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

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Learning Points:

The essential elements of an Elevator Pitch

Presentation elements

The message

Who does the Pitch?

Timing

Pitch Essentials

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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?

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Presentation Elements

Be enthusiastic

Show passion

Communicate – get your message across

Persuade

Excite

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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

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Video Presentation on Pitching

Dragon’s Den

Dragon’s Den

25

Discussion Points

Dragon’s Den

Thank You

Contact us

Prem Chandran – prem@malaysiakini.com

Dr. Siva – drsivapalan@gmail.com