SlideShare a Scribd company logo
Fall: Innovation focus,
culminating in the
Ideas Competition
Impact via Innovation &
Entrepreneurship @ DEC
Fall:
Innovation
Spring:
Entrepreneurship
Summer:
Acceleration
Spring:
Entrepreneurship focus,
culminating in the
$100k
Summer: Accelerate
your progress and get
ready to launch
Elaine Chen
Dir, DEC
Karen Donohue
Founder, Humanlogic
Sanna Gaspard
Founder & CEO,
Rubitection
Alex Zorniger
VP, Power to
Hydrogen
Idicula Mathew
EIR, DEC & Cofounder &
CEO, Hera Health
Virtual Events: Wednesdays 12-1pm
Innovating with
Impact series
Connect with us!
go.tufts.edu/
entrepreneurship
Today’s topic:
Building the right solution
Problem
selection
Problem
definition
Solution
develop-
ment
Distribution
and
adoption
IMPACT
Sanna Gaspard, Ph.D.
CoFounder & CEO, Rubitection
Problem selection
Defining the problem
Defining the solution
Developing the solution
Unique value proposition
Differentiation & Competitive advantage
The #1 thing the customer cares about, in their words
(not a feature or specification but a benefit)
Good
Bad
The
#2
thing
the
customer
cares
about
Status quo:
“do nothing”
Competitive
solution
Competitive
solution
Competitive
solution
Competitive
solution
Competitive
solution
Competitive
solution
Competitive
solution
Competitive
solution
Competitive
solution
Competitive
solution
Your solution:
Always up and to the right
(flip the axes if necessary! Eg.
instead of saying “Cost”, say
“Affordability”)
Moore’s positioning statement
For [target customer]
Who wants/needs [a compelling reason to buy]
The [product name] is a [product category]
That provides [these key benefits].
Unlike [the main competitor],
The [product name] [provides these key differentiation
points].
Recap
No one cares about a bag
of features. Always ask:
“What’s in it for them?”
Create a solution that is
different and better than all
the alternatives out there
Build your core to make
it difficult or impossible
for fast followers to
catch up with you
Know your benefits &
unique value
proposition (UVP)
Differentiate
Make your solution
protectible
Elaine Chen
Dir, DEC & POP
Gus
Robinson, A23
Student
coordinator
Nicole
Frankel, A22
Student
coordinator
Gracie
Jendrezak, A22
Student
coordinator
Carol Denning
Head of Program
Administration
Idicula Mathew
EIR, DEC
Connect with us!
go.tufts.edu/
entrepreneurship
Jumbo Cafe: Building the right solution with Dr. Sanna Gaspard

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Jumbo Cafe: Building the right solution with Dr. Sanna Gaspard

  • 1.
  • 2. Fall: Innovation focus, culminating in the Ideas Competition Impact via Innovation & Entrepreneurship @ DEC Fall: Innovation Spring: Entrepreneurship Summer: Acceleration Spring: Entrepreneurship focus, culminating in the $100k Summer: Accelerate your progress and get ready to launch Elaine Chen Dir, DEC Karen Donohue Founder, Humanlogic Sanna Gaspard Founder & CEO, Rubitection Alex Zorniger VP, Power to Hydrogen Idicula Mathew EIR, DEC & Cofounder & CEO, Hera Health Virtual Events: Wednesdays 12-1pm Innovating with Impact series
  • 3.
  • 5. Today’s topic: Building the right solution Problem selection Problem definition Solution develop- ment Distribution and adoption IMPACT
  • 6. Sanna Gaspard, Ph.D. CoFounder & CEO, Rubitection
  • 12. Differentiation & Competitive advantage The #1 thing the customer cares about, in their words (not a feature or specification but a benefit) Good Bad The #2 thing the customer cares about Status quo: “do nothing” Competitive solution Competitive solution Competitive solution Competitive solution Competitive solution Competitive solution Competitive solution Competitive solution Competitive solution Competitive solution Your solution: Always up and to the right (flip the axes if necessary! Eg. instead of saying “Cost”, say “Affordability”)
  • 13. Moore’s positioning statement For [target customer] Who wants/needs [a compelling reason to buy] The [product name] is a [product category] That provides [these key benefits]. Unlike [the main competitor], The [product name] [provides these key differentiation points].
  • 14. Recap No one cares about a bag of features. Always ask: “What’s in it for them?” Create a solution that is different and better than all the alternatives out there Build your core to make it difficult or impossible for fast followers to catch up with you Know your benefits & unique value proposition (UVP) Differentiate Make your solution protectible
  • 15. Elaine Chen Dir, DEC & POP Gus Robinson, A23 Student coordinator Nicole Frankel, A22 Student coordinator Gracie Jendrezak, A22 Student coordinator Carol Denning Head of Program Administration Idicula Mathew EIR, DEC Connect with us! go.tufts.edu/ entrepreneurship