biotechnology yes - newcastle university...planning, preparing and presenting a pitch to an audience...
TRANSCRIPT
Biotechnology YES
Presentation Skills
Who?
Jane Nolan MBE
Entrepreneur and Enterprise Educator
supporting the work of Newcastle University
Careers Service
MD Venture Coaching and Consulting Ltd
2nd Year PGR
Session Aims To enable you to be confident when
planning, preparing and presenting a
pitch to an audience
To consider this in the context of the
Biotechnology YES Competition
To critique and learn from the 2010
Winners’ elevator pitch
To have a go & give each other feedback
Biotechnology YES Not a hard copy business plan
Assessed on the presentation - SO
Vitally important that you have
A compelling story to engage and convince
your audience to invest in your idea and your
team
Well constructed, slickly presented
You need to speak confidently about your
business and answer questions well
Judging Criteria
Overall structure and presentation
Feasibility of:
Research and development and IP strategy
Commercial and marketing strategy
Financial planning strategy
Management and personnel strategy
Audience You are pitching to potential investors
They are looking for growth potential supported
by convincing research
Will your product or service sell, what is your
USP, how profitable will the business be, how
will it grow? Who are the team and what are
their strengths? Can you protect your IP?
How will you finance the business? What is their
exit strategy going to be?
The audience Will expect you to speak convincingly
Will expect you to have the authority and
ability to speak about your subject
Will listen closely IF you capture their
imagination
Are easily distracted
Respond well to variety
Are normally friendly and sympathetic....so
keep them engaged and interested!
Biotechnology Yes Winners 2010
Microbe Solutions Ltd Elevator Pitch –
Critique it
Strengths
Content
Structure
Delivery
Biotechnology Yes Winners 2010
http://www.biotechnologyyes.co.uk
/videos.html
Chris Cobb delivering Microbe Solutions Ltd
(University of Manchester) elevator pitch
Your Presentation Opportunity to make an impact
To inspire
To be memorable
It is a type of performance
It needs to be prepared and planned with
great care and performed with
confidence
Structure Prepare your script – a
compelling story
Beginning
Middle
End
Introduction - Beginning
Make a bold start-say something
interesting and attention grabbing!
Make a bold statement of the
opportunity your business will address
Use a quote / anecdote / article /
challenge/ question
Bill Gates Foundation
Malaria causes nearly 1 million deaths
per year and 85% of those who die are
under 5 years old. 90% of the deaths
are in Africa. We aim to improve
existing and develop new tools to
prevent and treat malaria. Our long
term goal is to eradicate this deadly
disease.
Core Content - Middle Take the audience on a logical and memorable
journey through your story
Have a simple but strong story line
Make it relevant to them
Seize and keep their attention
Be careful of humour... it can be disastrous
The Conclusion - End
Summarise the key points
Refer to where you started
End with a “call to action”
Have a clear ending and a big finish
Let your passion and enthusiasm shine through
to the very end
Biotechnology YES
Presenting your business – MARKETS
Market – significant demand, scaleability?
Approach – business model, strategy?
Risks and returns – how will you make money,
what are the risks and how will you mitigate
them? 3 -5 years for VCs – need high returns!
What will your business be worth? What is the
exit strategy for the VCs?
Biotechnology YES
Knowledge – Patents, Trade Marks, IP
Ethical, legal, meeting regulations
Team – an excellent team, covering all roles,
everyone aware of the plans for the business,
with shared goals and vision
Sustainability – profit generating, pipeline of
development for the future
Need to Consider – Finance Tree Proposition
People
Potential
Path to market
Proven
Is there a significant enough market?
Is it scaleable?
Do you have innovative, defensible products?
Do you have a strong management team?
• How much Funding needed? -
enough to grow
• Financial return
• Forecasts and exit
Elevator pitch gives helpful structure but
your pitch will be 15 minutes!
Elevator Pitch Checklist Bold statement of the problem (attention
grabber)
Our product is… (simple non-technical description)
That provides… (key benefit that solves problem)
For… (target customers)
Who have/are… (compelling reason to buy)
Unlike… (objective analysis of competitors shortcomings)
© CfEL, Cambridge University, 2006.
Elevator Pitch Checklist
Our unique selling point is… (main
source of competitive advantage)
We need to raise £… in order to… (why
you need the money)
Call to action (engineer feedback and a
follow-up meeting)
© CfEL, Cambridge University, 2006.
Preparation Think about:
• Visual aids
• Your notes
• Handouts
• Audience
• The room / venue
Visuals
DO make them easy to understand
space information out – less is more
Break down complexity – simple slides
grab attention
allow time for the audience to absorb
use colour carefully
Handling nerves Nerves are natural – even top athletes
experience them
Adrenalin and commitment drives
performance
Try to relax, breathe deeply, shoulders
down
Start slowly.....use your voice
Speak to the whole room
Handling Nerves
Smiling helps
Keep the energy throughout your
sentences – don’t let them fall off
Pause for effect (and to breathe)
Arrive in plenty of time and check
everything is in place
Handling nerves
Practise!!!!
Have plenty of rehearsals and run
throughs
What’s the worst that could happen?!
Make a risk analysis of what could go wrong
and what you will do about it.
Think about who will have responsibility for
what
Consider everything but don’t miss out the
obvious.
The audience – who are they, what do they want from us?
The message – what’s the big thing we want to say?
How do we effectively use the time?
Key Points to Remember
Please make your
presentation
memorable and make
sure you show
evidence that you
have a well
researched business
idea
PowerPoint presentations You don’t have to use powerpoint (or any
electronic presentation, but if you do: – Use the slides as a support
– Never read a slide to the audience
– Avoid design templates, create own visual theme
– One idea per slide, limited text/bullets
– Not too much animation
– High quality images
– Use sans-serif fonts
All the technology in the world won’t hide a poor presentation
http://www.collegehumor.com/video:1762603
Bad slide!!!
Your Style Believe in what you are saying – be
convinced of its truth and importance
Empathy and sincerity
Plenty of eye contact
Refer to notes, don’t just read them
Modulate your voice
Keep the energy through to the end of
each sentence
Your Style Be yourself – let your personality shine
through
Use words and phrases that you feel
comfortable with
Beware of jargon or scientific language that
your audience might not understand
Be enthusiastic – show passion – it is
contagious!
Keep their attention!
Try introducing the
next topic with
“Who can afford
to ignore...”
Change your pitch
and intonation
Questions
In the competition - 10 minutes for questions
Questions mean someone is interested -
they give another opportunity to impress
Receive feedback well
Questions Listen well
Repeat or rephrase the question
Be prepared to be challenged
No one expects you to know everything –
think of ways to find out more for the
questioner
Keep an eye on the time
Think about your dress code!
Think about the Time!
Think about eye contact!
Think About the SPACE!
Think professional
Think questions!
Smile
SMILE!!!!
Your Turn
2-3 minute Elevator Pitch
Your competition idea if possible
Sell us your business plan!
Summary
Plan well
Prepare well
Practise like crazy!
Thanks and Good Luck
with the competition!