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Best startup takes home attractive prizes. Top 80% of team gets invited to Young Founders Summit Asia 2019
Young Founders Summit is the world's first startup competition and accelerator program exclusively for teenage founders, originating from Los Angeles. To date, teenage founders from the program have raised $1.5 million in funding
最佳队伍将直通Young Founders Summit Asia 2019 少年创始人大会。
This Bootcamp is organized by:
09:00 - 09:30: Welcome and opening address
09:30 - 10:00: Ice breaker and getting to know your future Young Founders community
10:00 - 11:00: Purpose and Project Wayfinder exercise from Stanford d.School
11:00 - 11:30: Introduction to innovation and entrepreneurship
11:30 - 13:00: Brainstorming and ideation sprint; Learn how to evaluate the ideas using the RWW Framework). Is the market real? Is it feasible?
13:00 - 14:00: Lunch
14:00 - 15:00: 60 second rapid fire pitches. Top ideas generated will be pitched and participants can start forming teams to work on the idea they like
15:00 - 16:00: Market sizing and customer discovery - Who really is your target market? Who's your beach head? How can you find out if they want your solution?
16:00 - 17:00: Competitive analysis and barriers to entry
Task for the day: Refine your solution, identify your target market, create a storyboard of your solution
(Formal teaching ends at 17:00, but teams should work on the tasks until whenever you decide to stop!)
09:00 - 10:00: The "P" in Harvard Business School's POCD framework - People. Why the right people is everything to a business, and how you use Roles, Relationships and Rewards to improve it
10:00 - 11:00: Customer discovery: With your storyboard, interview fellow participants and solicit feedback on your solution to refine your unique value proposition
11:00 - 12:00: Introduction to Business Model Canvas: Revenue model. What is a sustainable business model? How do you estimate the amount of capital needed? Where can you raise money?
12:00 - 13:00: Go-to-market strategy. How do you get your first 100 users?
13:00 - 14:00: Lunch
14:00 - 17:00: "Consult a mentor" breakout sessions. Esteemed entrepreneurs and experts have been invited to mentor participants. They will challenge your assumptions, give guidance and help you move along!
17:00 - 18:00: How to prepare a killer pitch presentation and mock prototype
Task for the day: Prepare your pitch (a typical pitch presentation would be 10 slides covering the problem statement, market size, solution and unique value proposition, revenue model, go-to-market strategy, competition, team) and mock prototype
(Formal teaching ends at 18:00, but teams should work on the tasks until whenever you decide to stop!)
09:00 - 11:00: Pitch preparation, tech checks
11:00 - 16:00: Pitch presentations to judges
16:15 - 16:30 : Announcement of Semi-Finalists and Best Startup
16:30 - 17:00: Closing ceremony
In 2018, 400+ students applied.
30 teams from 6 countries were chosen to come to Singapore to compete in the Semi-Finals.
One team has since built a business which processed >USD 50,000 of transactions; one has written a book to raise awareness and funds about elephants; and another has physically collected 1 tonne of recyclable materials!
This year, USD 15,000 of cash prizes are up for grabs.
The champion takes home USD 10,000, and a real-world, business building experience that is like no other.
Are you up for it? Are you the next changemaker?
This year's Young Founders Summit Asia 2019 is brought to you by:
If your team is one of the top 80% chosen as a Semi-Finalist, you will be invited to pitch in Beijing in November 2019!
The Champion wins USD 10,000 and at least 4 hours live online mentorship (video conference) from Founders Bootcamp, a venture capital firm from the U.S.