new$venture$compe..on$2016$ · 2019-12-16 · leave$us$your$email$address$if$you$are$not...
TRANSCRIPT
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New Venture Compe..on 2016
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Agenda
• Announcements
• New Venture Fair Deliverables • The Process • Missed NVC Seminars
• Upcoming events / calendar
• MVP grant Money
• Summer Accelerator
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Pick up your trash!
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Replace Chairs
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Leave us your email address if you are not
already on the NVC mailing list
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To Apply for the New Venture Fair April 28th, 2016
• Prepare and submit applica.on by Mon, Mar 21, 2016 – No excep.ons
• Prepare text sec.ons in MS Word or PDF format – 1.5 spaced, no excep.ons
• Prepare financial projec.ons in MS Excel format – Summary data (tables / charts) in PDF format – AVach complete Excel file for support
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Applica?on Contents
1. Summary Informa.on (1 page max)
2. Execu.ve Summary of the Business (2 pages max)
3. DraZ of Business Model Canvas (1 page max)
4. Financial Projec.ons • Summary (1 page summary max) • Detail (aVach Excel file)
To Apply for the New Venture Fair April 28th, 2016
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1. Summary Informa?on • Business name
• Business tag line (if you have one)
• Logo (will need for the NV Fair)
• Inspira.on for your product / business
• Team Bios – Name
– Major area of study
– Degrees earned, being pursued – Anything else you’d like us to know about you
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2. Execu?ve Summary of the Business
• Suggested Inclusions: – Overview of the business / product
– The problem you are solving, and how you solve it
– The benefits your product offers, and how it’s different
– The value proposi.on for your customers
– The business model (how your business makes money)
– The market your business / product serves • i.e. market size, market growth rates, compe..on, etc…
– Financial highlights • Revenue and cost projec.ons
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3. Business Model Canvas
1 2
3
4
5
6
7
8
9
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4. Financial Projec?ons
• Iden.fy / quan.fy market size – TAM (Total Addressable Market)
– SAM (Served Addressable Market)
– TARGET / SOM (Served Obtainable Market)
• 3 year revenue & COGS projec.ons (required) – Detailed revenue and COGS projec.ons
• Market penetra.on assump.ons, projected unit sales, avg. selling price
• Direct product costs related to your sales assump.ons
• Pro-‐Forma Income Statement (op.onal for New Venture Fair)
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Resources
• NVC Seminars – Business model development (comple.ng your Bus. Model Canvas)
– Developing financial projec.ons – Legal: Business forma.on, protec.ng IP
– Developing Investor Presenta.on & Poster Board
• Mentors
• MVP Grant Monies
• Office hours: Weds 2 to 4PM, & by appointment, Phelps 1324
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MVP Grant Monies
Up to $300 reimbursed to each team for crea.on of a
Minimum Viable Product (MVP)
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MVP Grant Monies – The Process 1. Iden.fy what you need to purchase
2. Submit a request for funds via email
– To your instructor (TMP 148 / 149)
– To me
– Title your email "Request for MVP Grant Funds”
3. Once approved, spend the money -‐ up to $300
– You may not be reimbursed if you spend before gemng approval
4. Complete and submit signed reimbursement form and actual receipt
– Scan both and email to me
– Form can be found on the TMP Website
5. Be pa.ent and allow the UCSB machine to work its magic
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Upcoming Events / Deadlines
Date Time Event Loca?on
21 Mar Noon Last Day to Submit NV Fair Applica.on Email No
Excep.ons
28 Mar Noon NV Fair Entrants Announced ESB 1001 No
Excep.ons
31 Mar 6PM Spring Kick-‐Off Preparing for NVF ESB 1001 Mandatory
5 April 6PM Seminar: Developing
Investor Presenta.on & Poster Board
ESB 1001 Mandatory
12 April 6PM Seminar: Legal Issues for Startups / IP ESB 1001 Mandatory
18 April 6PM Poster Board Pitch Prac.ce w/Mentors ESB 1001 Mandatory
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• 7 week intensive “startup” program
• 2 sessions / week: Core Topics + Lessons Learned / Best Prac.ces Series
• All SB community startup entrepreneurs welcome to apply
• Prac.cal curriculum to help launch and run a business
• TMP Network of instructors, mentors, angel investors
• Aiming to provide instruc.on and programming at minimal cost
• Co-‐working space provided by GEM, classrooms provided by UCSB
The G2 Summer Accelerator
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The G2 Summer Accelerator Core Curriculum
1. Customer Discovery / Market Analysis
2. Business Model Development & Valida.on
3. Selling Strategies and Tac.cs
4. Resource Acquisi.on and Management
5. Raising Capital
6. Legal and Financial Management
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The G2 Summer Accelerator
Applica?ons Accepted Beginning May 2016
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Here to Help
• Dave AdorneVo • Phelps 1324 • [email protected]
• NVC Office Hours: Wed 2 to 4PM & by appointment
* These slides are posted on the TMP Website (“beyond the classroom” page)
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Teams
• Ascent Solu.ons • Coach Link • DermaChill • DOORS • EV Match • Fruit Forward • Hearthwood Path • Hot Box Meals • InGrain • Ingulea • Kite
• OBEI • OPAL • Op.c • Osmo • Park It • Plan3 • PLUG • PorchPack • Pure Organics • Powerhouse • RuBy
• Single Device Authen.ca.on
• Skin IQ • Splash • Spotlight • SNTRY • Torus • Triameter • Vibe • Vidsesh • Wearable Pet
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Teams
• Ascent Solu.ons • Coach Link • DermaChill • DOORS • EV Match • Fruit Forward • Hearthwood Path • Hot Box Meals • InGrain • Ingulea • Kite
• OBEI • OPAL • Op.c • Osmo • Park It • Plan3 • PLUG • PorchPack • Pure Organics • Powerhouse • RuBy
• Single Device Authen.ca.on
• Skin IQ • Splash • Spotlight • SNTRY • Torus • Triameter • Vibe • Vidsesh • Wearable Pet
![Page 22: New$Venture$Compe..on$2016$ · 2019-12-16 · Leave$us$your$email$address$if$you$are$not already$on$the$NVC$mailing$list$](https://reader033.vdocument.in/reader033/viewer/2022060301/5f0864597e708231d421c801/html5/thumbnails/22.jpg)
Mixing Instruc?ons • Teams
– Form X number of groups
– Number of teams in aVendance / 4 = X
– All team members go to same group
– Each team has one minute to pitch
– Each mentor can provide up to one minute of feedback
– We will rotate every 15 minutes
• Mentors – Split evenly into X groups – Provide one minute (max) of input per mentor / per pitch
– Make arrangements to follow-‐up later if you want / need more .me
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Helpful Hints • Pitch
– Business / product name
– Problem you are solving and how you solve it
– Value proposi.on (why your customer will but it)
– How its different / beVer – Who will use it (target customer)
• Networking – Teams: If you find a mentor you like, get a name
– Mentors: If you find a team you like, please engage
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Here to Help
• Dave AdorneVo • Phelps 1324 • [email protected]
• NVC Office Hours: Wed 2 to 4PM & by appointment
* These slides are posted on the TMP Website (“beyond the classroom” page)
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