StartUp Sussex - Application Form June 2013

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Full details on how to apply for a StartUp Sussex bursary worth up to £5,000.

Transcript of StartUp Sussex - Application Form June 2013

  • 1.Application FormPaul JordanCompetition Coordinator

2. The only thing thatis not designed isnatureDavid M. Kelley (born 1951) He isfounder Global design firm IDEOand a professor at StanfordUniversity. www.Ideo.com 3. Alan Curtis Kay"The best way to predictthe future is to invent it.Dynabook concept which definedthe conceptual basicsfor laptop and tablet computersand E-booksViewpoints Research Institute, anon-profit organization dedicatedto children, learning, andadvanced software development 4. Paul GrahamY Combinator motto:Make something people want.www.paulgraham.comco-founding Viaweb (which eventually becameYahoo! Store), and for co-founding the YCombinator seed capital firm. 5. Tina Seelig,Stanford University Professor ,Director of Technology VenturesAuthor.A crash course increativity: Tina Seelig atTEDxStanfordhttp://www.youtube.com/watch?v=gyM6rx69iqg 6. Application Form 7. Win Up to 5000 Eligible for 3 years Design to succeed Profit for Purpose 8. Criteria for both competitions1. Show a high level of personal commitment andpassion for their proposed enterprise2. Demonstrate the ability to recruit and lead others torealise the opportunity3. Identify the resources and/or intellectual propertyon which the idea rests4. Describe the enterprises growth potential 9. Award Criteria for Social Enterprise students, staff or recent graduates (graduated within 1 year) over the age of 16 living in the UK for the duration of the project who are individuals or part of an informal group 10. Award Criteria for Social EnterpriseProjects must: benefit the public or a community in the UK demonstrate a connection to the Higher Education Sector need a HE Social Entrepreneurship Award to ensure their success offer a learning opportunity for the applicant(s) be a new initiative not a continuation of ongoing operations not be part of the applicants paid employment be an entrepreneurial solution to a social problem instigate social impact or social change not be for activities outside the law, against public policy or anythingthat fosters ethnic, religious or commercial disharmony 11. ". Social enterprises spot the socialproblem and the social opportunityfirst but they use business methodsand create wealth to solve them.Celia Richardson,Director of campaigns at Social Enterprise UK 12. Language and Vocabulary 13. Your Vision; Please describe your business/ projectwhen its successful.100 words Max.Suggestions: Description of the finished product or service How will customers discover the product or service Who is using it When and how will revenue and profit be generated How will it be delivered and who is involved 14. What is/ are the problem/problems you are solving?100 words Max.Suggestions; What job are people trying to get done How big is the problem Why do people care about the problem, Whats the pain suffered/ difficulty experienced What have you done to understand the problem 15. CHINDOGU. Japanese Art of the Unuseless 16. What are the current solutions?50 Words Max.Suggestions: What is the current solution What are the major failings Who delivers the solution How many deliver solutions Is the solution part of something else- overdeveloped/expensive 17. What is your solution?100 Words Max.Suggestions: How does your solution solve the problem How easy is it to use will it change behaviour Do you offer the whole solution What are the unique features and benefits Why hasnt anyone found a solution before 18. Potential customers & market? What is the potentialdemand.50 Words Max.Suggestions: Whose a typical customer and who will buy it first. How big is the market now and likely in 5 years How do they buy the current solution, will that be thesame for you Is there a lot of competition in the market, whodominates the market Is the market growing, is it a global opportunity 19. What costs? What pricing? What finance? Anyevidence available50 Words Max.Suggestions: What will it cost to make and sell. What is the profit oneach sale What will you charge and why. How many will you sell and when will you start selling How much money will you need to start the business What will you use the award for 20. How far have you come in terms of developing theproposed venture?50 Words Max.Suggestions: Concept / prototype/ Does it work What research has been done or is needed to completethe project. cost? Who have you asked for help; technical/customers/buyers/sellers Is this the complete offering or first feature of a largeroffering What other funding have you explored 21. What are the challenges/barriers to success? Identifykey milestones50 Words Max.Suggestions; Money needed to deliver the first sale Market knowledge Personal skills Time A working product or service 22. Please outline personal learning and development thatyou hope to gain from this project50 Words Max.Suggestions How to skills Skills needed as an entrepreneur Personal strengths and weaknesses Team building Creative problem solving 23. Use of the Prize Money Research, creating prototypes, market analysis,travel or anything else the scheme panel considersrelevant to forming or developing a new business. Funds cannot be used to pay for the time of theentrepreneur. 24. Bursaries based on the strength of the proposals presented incompetition Successful applicants will receive further support from theSussex Innovation Centre to develop their proposal 4 hours Free Mentoring. Discounted Consultancy rates All applications remain totally confidential to protect theirIntellectual Property. 25. To apply http://www.sussex.ac.uk/careers/newsandevents/startupsussex Key dates: Seminar 20th June 2013 Closing date 5th July 2013 Panel 22nd July 2013 Pitching Workshop 11th July 2013 26. 27. Books:The New Business Road TestJohn Mullins.Business Model Generation .Alex Osterwalder.The Lean StartupEric Reis.The Start Up Owners Manual.Steve Blank.