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AllStars Briefing 7 Oct 2011
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AllStars Briefing 7 Oct 2011

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AllStars Briefing slides for review & download by participants. For more info visit www.allstars.my or www.cgp.com.my

AllStars Briefing slides for review & download by participants. For more info visit www.allstars.my or www.cgp.com.my

Published in: Business, Economy & Finance

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Transcript

  • 1. Introducing All Stars - CGP Accelerating Innovation through mentorship Dr V. Sivapalan (Siva) Premesh Chandran (Prem) Dhakshinamoorthy (Dash)
  • 2. 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”
  • 3. The journey 87 Applications 25 Teams will pitch on Oct 31, Nov 1st 15 Teams selected
  • 4. 15 Teams FastTrac TechVentures by Kaufman Foundation Entrepreneurship Training
  • 5. Tech Ventures Training Program
    • Group Training
    • Sat, Nov 12 th , 19 th
      • Module 1 - 4
    • Sat, Dec 3 rd , 10 th
      • Module 5 - 8
    • Sat, Jan 14 th
      • Module 9 -10
    • Face 2 Face Coaching
    • Two hours per team
    • Three sessions
      • Nov 25 th , 26 th
      • Jan 6 th , 7 th
      • Jan 20 th , 21 st 28 th
  • 6. 1_B Apply Concepts Introduce Concepts Practice Concepts Coaching and mentoring from entrepreneur facilitators Developing social networks Interacting in small peer groups Connecting with community resources Peer-to-Peer Environment Learning Strategy AllStars
  • 7. The Pitch – Oct 31 st , 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
  • 8. 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!
  • 9. 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?
  • 10. Business Model Canvas For more information read “Business Model Generation” by Alex Osterwalder or check out http://www.businessmodelgeneration.com/
  • 11. Suggested template
  • 12. 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”
  • 13. 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?
  • 14. How you will do it? (How)
    • Assets
    • Build a website?
    • Buy assets?
    • Key Partnership
    • Banks?
    • University?
    • Governments?
    • Facebook?
  • 15. 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?)
  • 16. Strengths and Weakness
  • 17. How would you score yourself?
    • Innovative idea - 3
    • The market -3
    • People - 4
    • Total = ?
  • 18. 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
  • 26. Thank You
  • 27. Contact us Prem Chandran – prem@malaysiakini.com Dr. Siva – drsivapalan@gmail.com