SlideShare a Scribd company logo
1 of 7
BSIC Process Map
Process Map Summary Outcome:  Business Hypothesis Outcome:  Business Plan Outcome:  Resourcing of Plan Outcome:  Business Execution Ideation Pre-Incubation Market Incubation
[object Object],[object Object],[object Object],IDEATION PHASE OUTCOME: BUSINESS HYPOTHESIS Innovator submits Innovation Summary To BSIC BSIC conducts preliminary research to determine baseline for viability An internal  “Champion” is identified 1. 2. 3. Initial idea Innovator submits IP Disclosure Form to BSIC Idea proceeds to  Pre-Incubation phase
PRE-INCUBATION PHASE OUTCOME: BUSINESS PLAN BSIC works with Innovator to develop a detailed business plan Idea proceeds to  Incubation phase Secondary market research is completed by BSIC and a 3-5 person Advisory Group is formed Innovator, Champion, BSIC, and Advisory Group determine appropriate business model Areas addressed in Business Plan: Business Plan Outline ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Utilizing resources from: ,[object Object],[object Object],Business Models:
INCUBATION PHASE OUTCOME: RESOURCE THE PLAN Business resources are identified and secured Initiate business formation and registration Idea proceeds to Market phase Primary market research is completed ,[object Object],[object Object],[object Object],[object Object],[object Object],Business Resources:
MARKET PHASE OUTCOME: BUSINESS EXECUTION Sales & Distribution model is activated Profits or royalties distributed per IP Agreement ,[object Object],[object Object],[object Object],Distributed to: Business operation and revenue creation begins Business scale is achieved
BSIC Process Map

More Related Content

Similar to BSIC Process Map

353798972-Entrep-PPT-1st-Qtr.pptx
353798972-Entrep-PPT-1st-Qtr.pptx353798972-Entrep-PPT-1st-Qtr.pptx
353798972-Entrep-PPT-1st-Qtr.pptxMaricelVallejos
 
Business plan.ppt
Business plan.pptBusiness plan.ppt
Business plan.pptBNERDS
 
A BUSINESS APPLICAION FOR AN E-COMMERCE BUSINESS MANGEMENT THAT ANALYSES THE ...
A BUSINESS APPLICAION FOR AN E-COMMERCE BUSINESS MANGEMENT THAT ANALYSES THE ...A BUSINESS APPLICAION FOR AN E-COMMERCE BUSINESS MANGEMENT THAT ANALYSES THE ...
A BUSINESS APPLICAION FOR AN E-COMMERCE BUSINESS MANGEMENT THAT ANALYSES THE ...Waseem Bari
 
Enterprise presentation sofia demo
Enterprise presentation sofia demoEnterprise presentation sofia demo
Enterprise presentation sofia demoNikolay Stoyanov
 
ENGLISH FOR BUSINESS-BUSINESS PROPOSAL
ENGLISH FOR BUSINESS-BUSINESS PROPOSALENGLISH FOR BUSINESS-BUSINESS PROPOSAL
ENGLISH FOR BUSINESS-BUSINESS PROPOSALZUKI SUDIANA
 
MBA 705 Final Project Guidelines and Rubric Overview
MBA 705 Final Project Guidelines and Rubric  Overview MBA 705 Final Project Guidelines and Rubric  Overview
MBA 705 Final Project Guidelines and Rubric Overview AbramMartino96
 
Business Development Plan
Business Development PlanBusiness Development Plan
Business Development PlanDouglas Obura
 
(guideline of business plan)
 (guideline of business plan) (guideline of business plan)
(guideline of business plan)Anif Zaidi
 
Business Plan AssignmentThe business plan is a document that pro
Business Plan AssignmentThe business plan is a document that proBusiness Plan AssignmentThe business plan is a document that pro
Business Plan AssignmentThe business plan is a document that proTawnaDelatorrejs
 
MBA 705 Final Project Guidelines and Rubric Overview .docx
MBA 705 Final Project Guidelines and Rubric  Overview .docxMBA 705 Final Project Guidelines and Rubric  Overview .docx
MBA 705 Final Project Guidelines and Rubric Overview .docxalfredacavx97
 
Entrepreneurship: Business planning Chapter Two
Entrepreneurship: Business planning Chapter TwoEntrepreneurship: Business planning Chapter Two
Entrepreneurship: Business planning Chapter TwoAYNETUTEREFE1
 

Similar to BSIC Process Map (20)

Rome
RomeRome
Rome
 
353798972-Entrep-PPT-1st-Qtr.pptx
353798972-Entrep-PPT-1st-Qtr.pptx353798972-Entrep-PPT-1st-Qtr.pptx
353798972-Entrep-PPT-1st-Qtr.pptx
 
Business plan.ppt
Business plan.pptBusiness plan.ppt
Business plan.ppt
 
A BUSINESS APPLICAION FOR AN E-COMMERCE BUSINESS MANGEMENT THAT ANALYSES THE ...
A BUSINESS APPLICAION FOR AN E-COMMERCE BUSINESS MANGEMENT THAT ANALYSES THE ...A BUSINESS APPLICAION FOR AN E-COMMERCE BUSINESS MANGEMENT THAT ANALYSES THE ...
A BUSINESS APPLICAION FOR AN E-COMMERCE BUSINESS MANGEMENT THAT ANALYSES THE ...
 
Enterprise presentation
Enterprise presentationEnterprise presentation
Enterprise presentation
 
Enterprise presentation sofia demo
Enterprise presentation sofia demoEnterprise presentation sofia demo
Enterprise presentation sofia demo
 
ENGLISH FOR BUSINESS-BUSINESS PROPOSAL
ENGLISH FOR BUSINESS-BUSINESS PROPOSALENGLISH FOR BUSINESS-BUSINESS PROPOSAL
ENGLISH FOR BUSINESS-BUSINESS PROPOSAL
 
MBA 705 Final Project Guidelines and Rubric Overview
MBA 705 Final Project Guidelines and Rubric  Overview MBA 705 Final Project Guidelines and Rubric  Overview
MBA 705 Final Project Guidelines and Rubric Overview
 
Business Development Plan
Business Development PlanBusiness Development Plan
Business Development Plan
 
Creating and starting the venture
Creating and starting the ventureCreating and starting the venture
Creating and starting the venture
 
(guideline of business plan)
 (guideline of business plan) (guideline of business plan)
(guideline of business plan)
 
Module 4
Module 4Module 4
Module 4
 
Business Plan AssignmentThe business plan is a document that pro
Business Plan AssignmentThe business plan is a document that proBusiness Plan AssignmentThe business plan is a document that pro
Business Plan AssignmentThe business plan is a document that pro
 
MBA 705 Final Project Guidelines and Rubric Overview .docx
MBA 705 Final Project Guidelines and Rubric  Overview .docxMBA 705 Final Project Guidelines and Rubric  Overview .docx
MBA 705 Final Project Guidelines and Rubric Overview .docx
 
Business plam
Business plamBusiness plam
Business plam
 
Business plam
Business plamBusiness plam
Business plam
 
Creating and starting the venture
Creating and starting the ventureCreating and starting the venture
Creating and starting the venture
 
Entrepreneurship: Business planning Chapter Two
Entrepreneurship: Business planning Chapter TwoEntrepreneurship: Business planning Chapter Two
Entrepreneurship: Business planning Chapter Two
 
12.ppt
12.ppt12.ppt
12.ppt
 
12.ppt
12.ppt12.ppt
12.ppt
 

Recently uploaded

GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in managementchhavia330
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...lizamodels9
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMRavindra Nath Shukla
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Neil Kimberley
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...anilsa9823
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...lizamodels9
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...lizamodels9
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024christinemoorman
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneVIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneCall girls in Ahmedabad High profile
 
Catalogue ONG NUOC PPR DE NHAT .pdf
Catalogue ONG NUOC PPR DE NHAT      .pdfCatalogue ONG NUOC PPR DE NHAT      .pdf
Catalogue ONG NUOC PPR DE NHAT .pdfOrient Homes
 

Recently uploaded (20)

GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in management
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSM
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
Lucknow 💋 Escorts in Lucknow - 450+ Call Girl Cash Payment 8923113531 Neha Th...
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneVIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
 
Catalogue ONG NUOC PPR DE NHAT .pdf
Catalogue ONG NUOC PPR DE NHAT      .pdfCatalogue ONG NUOC PPR DE NHAT      .pdf
Catalogue ONG NUOC PPR DE NHAT .pdf
 

BSIC Process Map