CPT IVC: Phase I, II & III
Sat Jul 9, 09:00 - Sat Jul 9, 16:00
Allan Gray Orbis Foundation
ABOUT
Ideation / Validation / Creation (IVC) Phase I, II & III:
As you know the Ventures Portfolio has worked at positioning itself to exactly where Fellows require support and training for their entreprenuerial ventures, and this ticket serves as your invite to what we hope will be your exciting start: getting from Zero to One. As underlined in recent events, note that you are welcome to join IVC at any point in the process (there will be a stream for first-time, second-time and third-time IVC goers).
Welcome again! A reminder - this is the Association's 2016 roadmap to maximising impact
On the 11th (CPT) and 25th (JHB) of June, start or continue your journey with us as we build ideas, hash out strategies, validate assumptions and stress-test projections. The event is designed both for Fellows who are ready to start a business but not yet fully confident in an idea, and for those already working on a business that would like to develop the tools to further refine their value proposition.
Phase I: Ideation: Articulating the value proposition of the idea / concept
Key Objectives: Teach Fellows to identify an idea or concept with a clear value proposition, a problem that needs solving, specific pains and gains, and simple (one line) revenue calculations.
Format: Using various Tools including value proposition canvas and lean canvas, participants will be guided through the methodology of eliminating assumptions and validating their concept. At the end of the day, each team will ‘pitch’ to a panel using their canvas as a guide. The panel will advance the teams with viable ideas and give them a list of questions and assumptions to address prior to ‘Validation’.
The teams that do not advance may return the next month of ‘Ideation’ and continue refining their idea / concept or start with a new one.
Phase II: Validation: Stress-testing assumptions,customer development, business model creation and market verification
Key Objectives: Teach Fellows to validate their assumptions and eliminate risk from their proposed business models. Move the Fellows from idea to potential business.
Format: Using various Tools including business model canvas and lean canvas, participants will be guided through a validation process and learn to refine their pitch based on a holistic business plan. The panel will advance the teams with viable ideas and business plans to the next phase of IVC: Creation.
The teams that do not advance may return the next month of ‘Validation’ and continue working on their business model, or alternatively refining their idea / concept by starting back at 'Ideation' with a new one.
Phase III: Creation: Refining final pitch to get a place on the Accelerator
Key Objectives: Fellows pitch their business ideas developed through the IVC in order to get a place on the Accelerator.
Format: Throughout the day teams will be refining their pitches with the help of the facilitators. At the end of the day, teams will pitch their businesses in order to secure a place on the Accelerator
The teams that do not advance may return the next month of ‘Creation’ and pitch again in order to get a place on the Accelerator.
Facilitators:
Zachariah George
10 years of experience in corporate finance and investment banking covering M&A, equities, debt and risk management for 2 top-tier Wall St firms in New York
4 years of experience running African tech and digital VC advisory firm for European network of family offices. 10 deals done with >$30M capital invested
Masters from Stanford Business School and School of Engineering
Member of MENSA International
Philip Kiracofe
22 years of experience with tech start-ups and venture investing
3 early stage VC funds in NYC (20+ investments during dotcom 1.0), India / South East Asia (12 investments, 3 exits to date), and Africa (2 investments)
Significant relationships to NYC and Silicon Valley investment community
Studied Computer Science at US Air Force Academy
As you know the Ventures Portfolio has worked at positioning itself to exactly where Fellows require support and training for their entreprenuerial ventures, and this ticket serves as your invite to what we hope will be your exciting start: getting from Zero to One. As underlined in recent events, note that you are welcome to join IVC at any point in the process (there will be a stream for first-time, second-time and third-time IVC goers).
Welcome again! A reminder - this is the Association's 2016 roadmap to maximising impact
On the 11th (CPT) and 25th (JHB) of June, start or continue your journey with us as we build ideas, hash out strategies, validate assumptions and stress-test projections. The event is designed both for Fellows who are ready to start a business but not yet fully confident in an idea, and for those already working on a business that would like to develop the tools to further refine their value proposition.
Phase I: Ideation: Articulating the value proposition of the idea / concept
Key Objectives: Teach Fellows to identify an idea or concept with a clear value proposition, a problem that needs solving, specific pains and gains, and simple (one line) revenue calculations.
Format: Using various Tools including value proposition canvas and lean canvas, participants will be guided through the methodology of eliminating assumptions and validating their concept. At the end of the day, each team will ‘pitch’ to a panel using their canvas as a guide. The panel will advance the teams with viable ideas and give them a list of questions and assumptions to address prior to ‘Validation’.
The teams that do not advance may return the next month of ‘Ideation’ and continue refining their idea / concept or start with a new one.
Phase II: Validation: Stress-testing assumptions,customer development, business model creation and market verification
Key Objectives: Teach Fellows to validate their assumptions and eliminate risk from their proposed business models. Move the Fellows from idea to potential business.
Format: Using various Tools including business model canvas and lean canvas, participants will be guided through a validation process and learn to refine their pitch based on a holistic business plan. The panel will advance the teams with viable ideas and business plans to the next phase of IVC: Creation.
The teams that do not advance may return the next month of ‘Validation’ and continue working on their business model, or alternatively refining their idea / concept by starting back at 'Ideation' with a new one.
Phase III: Creation: Refining final pitch to get a place on the Accelerator
Key Objectives: Fellows pitch their business ideas developed through the IVC in order to get a place on the Accelerator.
Format: Throughout the day teams will be refining their pitches with the help of the facilitators. At the end of the day, teams will pitch their businesses in order to secure a place on the Accelerator
The teams that do not advance may return the next month of ‘Creation’ and pitch again in order to get a place on the Accelerator.
Facilitators:
Zachariah George
10 years of experience in corporate finance and investment banking covering M&A, equities, debt and risk management for 2 top-tier Wall St firms in New York
4 years of experience running African tech and digital VC advisory firm for European network of family offices. 10 deals done with >$30M capital invested
Masters from Stanford Business School and School of Engineering
Member of MENSA International
Philip Kiracofe
22 years of experience with tech start-ups and venture investing
3 early stage VC funds in NYC (20+ investments during dotcom 1.0), India / South East Asia (12 investments, 3 exits to date), and Africa (2 investments)
Significant relationships to NYC and Silicon Valley investment community
Studied Computer Science at US Air Force Academy