AllStars Briefing 7 Oct 2011


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AllStars Briefing 7 Oct 2011

  1. 1. Introducing All Stars - CGP Accelerating Innovation through mentorship Dr V. Sivapalan (Siva) Premesh Chandran (Prem) Dhakshinamoorthy (Dash)
  2. 2. All Stars <ul><li>Good ideas can be better through proper mentorship, training & peer support </li></ul><ul><li>“ Do More, Faster” </li></ul><ul><li>“ Build Trust, Early” </li></ul><ul><li>“ Invest in People, Not just ideas” </li></ul>
  3. 3. The journey 87 Applications 25 Teams will pitch on Oct 31, Nov 1st 15 Teams selected
  4. 4. 15 Teams FastTrac TechVentures by Kaufman Foundation Entrepreneurship Training
  5. 5. Tech Ventures Training Program <ul><li>Group Training </li></ul><ul><li>Sat, Nov 12 th , 19 th </li></ul><ul><ul><li>Module 1 - 4 </li></ul></ul><ul><li>Sat, Dec 3 rd , 10 th </li></ul><ul><ul><li>Module 5 - 8 </li></ul></ul><ul><li>Sat, Jan 14 th </li></ul><ul><ul><li>Module 9 -10 </li></ul></ul><ul><li>Face 2 Face Coaching </li></ul><ul><li>Two hours per team </li></ul><ul><li>Three sessions </li></ul><ul><ul><li>Nov 25 th , 26 th </li></ul></ul><ul><ul><li>Jan 6 th , 7 th </li></ul></ul><ul><ul><li>Jan 20 th , 21 st 28 th </li></ul></ul>
  6. 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. 7. The Pitch – Oct 31 st , Nov 1st <ul><li>Presentation - Maximum of 10 mins </li></ul><ul><li>Q&A - 15 mins </li></ul><ul><li>Slides are encouraged but optional </li></ul><ul><li>Print outs are optional </li></ul><ul><li>4 member panel </li></ul><ul><ul><li>AllStars, TeAM, MVCA, Cradle </li></ul></ul><ul><li>Is not about whether you have the perfect business, but are you suited for this program </li></ul>
  8. 8. Criteria <ul><li>ICT-related </li></ul><ul><li>Early stage </li></ul><ul><li>Able to build prototype in 3-8 months </li></ul><ul><li>Self funding, or able to raise necessary funds (CGP does not provide funds) </li></ul><ul><li>Don’t have to be perfect! </li></ul>
  9. 9. Scoring <ul><li>Innovative Idea (3) </li></ul><ul><ul><li>Where is the innovation? Differentiation? </li></ul></ul><ul><ul><li>Is it easy to build? </li></ul></ul><ul><ul><li>Is the Revenue Model clear and realistic? </li></ul></ul><ul><li>The Market (3) </li></ul><ul><ul><li>Is it crowded or scarce? </li></ul></ul><ul><ul><li>Will customers adopt this? </li></ul></ul><ul><li>People (4) </li></ul><ul><ul><li>Is there passion for the idea? </li></ul></ul><ul><ul><li>They have domain experience? </li></ul></ul><ul><ul><li>Ability to manage and sustain through early stages? </li></ul></ul>
  10. 10. Business Model Canvas For more information read “Business Model Generation” by Alex Osterwalder or check out
  11. 11. Suggested template
  12. 12. What do you do? <ul><li>Start by explaining what your idea is but in simple terms & keep it short. </li></ul><ul><li>There must be an “aha” moment … as in “aha, I get what you plan to do” </li></ul>
  13. 13. Value Proposition (What) <ul><li>Product / Offer </li></ul><ul><li>Faster </li></ul><ul><li>Cheaper </li></ul><ul><li>More effective </li></ul><ul><li>What problem does it solve? </li></ul><ul><li>Key Competitors </li></ul><ul><li>Market / Customer </li></ul><ul><li>Who are they </li></ul><ul><li>Segments </li></ul><ul><li>How will you get to these customers? </li></ul><ul><li>Is the market big or scalable? </li></ul>
  14. 14. How you will do it? (How) <ul><li>Assets </li></ul><ul><li>Build a website? </li></ul><ul><li>Buy assets? </li></ul><ul><li>Key Partnership </li></ul><ul><li>Banks? </li></ul><ul><li>University? </li></ul><ul><li>Governments? </li></ul><ul><li>Facebook? </li></ul>
  15. 15. Why do you think you can do it? (Who) <ul><li>Your experience? </li></ul><ul><li>Your linkages / networks? </li></ul><ul><li>Your passion for this product? </li></ul><ul><li>Your existing assets? </li></ul><ul><li>The team (complete?) </li></ul>
  16. 16. Strengths and Weakness
  17. 17. How would you score yourself? <ul><li>Innovative idea - 3 </li></ul><ul><li>The market -3 </li></ul><ul><li>People - 4 </li></ul><ul><li>Total = ? </li></ul>
  18. 18. THE PITCH
  19. 19. Learning Points: The essential elements of an Elevator Pitch Presentation elements The message Who does the Pitch? Timing Pitch Essentials
  20. 20. What is an Elevator Pitch 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. 21. Presentation Elements Be enthusiastic Show passion Communicate – get your message across Persuade Excite
  22. 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. 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. 24. Video Presentation on Pitching Dragon’s Den Dragon’s Den
  25. 25. Discussion Points Dragon’s Den
  26. 26. Thank You
  27. 27. Contact us Prem Chandran – Dr. Siva –