STAGE 2: VALIDATE THAT IDEA!
- Watch the next instructional video.
- Each person chooses their best idea.
- Each person pitches that single idea to the rest of their team using the video conferencing tool.
- When everyone’s idea has been heard, the team will vote on which idea or combination of ideas will move forward for validation.
- One team member will use The Validate Guide (below) as a format to flesh out their idea.
- Fill out the 3 questions on the guide.
YOUR VALIDATE GUIDE
Write it down on a piece of paper.
PURPOSE
How will your idea make a difference in the world?
HOW
How can you make your idea come to life?
BUSINESS MODEL
How will it generate revenue and make a profit from your idea?
SAMPLE IDEA
Object Card: Backpack
Tech Card: Fitness Tracker
Data Card: Social Networks
PURPOSE
Having a smart backpack means that friends and colleagues can enjoy fun activities together like leagues, all while getting fit and staying healthy.
HOW
Firstly, we will need to source a good quality backpack from a reliable manufacturer. We will also do research and development on a fitness app.
BUSINESS MODEL
We will price our smart object accordingly so that and make a profit.
LET'S GET PITCHING
Choose one person from your team to pitch.
That person will have 60 seconds to sell to the rest of the group in the Final Investor Stage.
