The document discusses the Lean Startup methodology and the development of an Investment Readiness Level (IRL) framework analogous to NASA's Technology Readiness Level. It describes how the IRL evaluates a startup's progress based on data, moving from the initial hypothesis stage through validating the problem and solution fit, and product/market fit on both sides of the Business Model Canvas. The IRL is intended to quantify risk levels for startups based on evidence gathered through customer development and experimentation.
12. Watch the Video :
http://www.youtube.com/watch?v=zjvEanpktEo
Mentors
Hypotheses
Experiments
Data
Evidence-based Curriculum (NSF I-Corps/Lean LaunchPad)
Business Model
Canvas
+
Customer
Development
Lean Startup
+
Agile Engineering
16. Weekly Data
Progress
Data
Data
LaunchPad Central Software
Hypotheses
Experiments
Data
Evidence-based Curriculum (NSF I-Corps/Lean LaunchPad)
Business Model
Canvas
+
Customer
Development
Lean Startup
+
Agile Engineering
35. NASA/DOD TechnologyReadiness
Levels 3 & 4
Research to prove Feasibility
• Experimental proof of concept
• Breadboard validation in lab
Research
Concept
36. NASA/DOD TechnologyReadiness
Levels 5 & 6
Demo Prototype
• Breadboard validation outside the building
• System demo in real-world
Demo
Research
Concept