I was fortunate enough to go to a Startup Ideation Bootcamp last night in Sydney, which was held at Tank Stream Labs, one of Sydney's co-working and entrepreneur communities.
The event was held by the Founder Institute, an early-stage startup accelerator and global launch
network that helps entrepreneurs create meaningful and enduring technology
companies.
There were probably about 25 entrepreneurs who turned up for the event, of which for 90% of them it was there first time at a startup networking evening. The age of the average attendee was probably around 25 years old, mostly full time employees, ranging from different industries and backgrounds.
The event was free and presented a great opportunity to network with fellow entrepreneurs, industry peers and mentors a like. The focus of the evening was to look at the process of elimination when it comes to 'ideas', establishing who would be using your product and service, identifying the actual problem it would be solving and identifying your "secret sauce!".
Tom and Ben from FI then put the attendees to the task of creating a "lighting pitch", which consisted of pitching your business proposition in less than 60 seconds while incorporating some of the points mentioned earlier; identifying your company, what it is developing, who would be using your product and/or service and what it would be solving through it's "secret sauce".
Try and condense your whole business or idea, with those points, in a few sentences ...Not as simple as you may think right?
It was a great night, presented some exceptional opportunities and I would recommend to anyone considering a startup to go to one of the Founder Institute's events. You will meet like minded people, entrepreneurs with established businesses and other industry contacts from the 'startup scene'.
Thanks for a eye opening evening guys!
+Founder Institute
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