Post on 11-Feb-2017
Welcome to NDRC LaunchPadOpen Night – 8 June 2016
Ben Hurley, CEO
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No. 1 University Business Accelerator
in Europe 2015
Early stage investor in TECH companies
Investment gap
• Sound concept vs Seed investor ready
Aim to create market capital• High impact• Scalable ventures
Unrivalled track record• 200 investments (+1,800 pitches) • €250m market cap, €130m follow-on-investment
MAKING VENTURES HAPPEN
What does NDRC do?
Welcome to NDRC LaunchPadOpen Night – 8 June 2016
Gary Leyden – NDRC Approach
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#bestplacetostart
Stages of a Start-up
PROBLEM/SOLUTION FIT
PRODUCT/MARKET FIT
SCALE
Stages of a Start-up
PROBLEM/SOLUTION FIT
PRODUCT/MARKET FIT
SCALE
Do I have a problem worth solving?
Stages of a Start-up
PRODUCT/MARKET FIT
SCALE
Have I built something that people want?
PROBLEM/SOLUTION FIT
Stages of a Start-up
PROBLEM/SOLUTION FIT
PRODUCT/MARKET FIT
SCALE
How do I accelerate growth?
Workshops
Technology
Investment Readiness Level
Identify and Validate Metrics that matter
Validate Value Delivery
Prototype High-Fidelity Min. Viable Product
Validate Revenue Model
Validate Product/Market Fit
Prototype Low- Fidelity Min. Viable Product
Problem/Solution Validation
Market Size/Competitive Analysis
Complete First-Pass Business Model Canvas
IRL 9IRL 8IRL 7IRL 6IRL 5IRL 4IRL 3IRL 2 IRL 1
No.2 University Business
Accelerator in the World 2015
No.1 University Business
Accelerator in the Europe 2015
But is NDRC really as good as they say?
Welcome to NDRC LaunchPadOpen Night – 8 June 2016
David Scanlon – Pitch Tips
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TimelineJune 8 Open nightJune 24 Application deadlineJuly 1 Invitations to pitch issued July 6 to 13 Investment pitches take placeJuly 29 Offers issuedSeptember 5 Programme starts
Application Process
• Online form via
http://www.ndrc.ie/launchpad/
• Closing date is Friday June 24 at 5pm
• Don’t wait until the deadline!!
Selection
The Selection Panel
• Head of Venture Investment NDRC
• NDRC Venture Investment Leader
• Member of NDRC’s Investment Strategy
Committee
Part I
1. Technology at the heart of the innovation
2. Internationally scalable business
opportunity
3. Team
Part II: The Pitch
• Tell us your story…
• 20 minutes (10 Pitch/10 Q+A)
• One idea per slide
• Be creative
• Content + timings
• Practice, practice, practice
The Pitch#1 The Grab
#2 The Problem
#3 The Solution
#4 The Opportunity
#5 The Competitive Advantage
#6 The Model
#7 The Team
#8 The Reality Check
#1 The Grab
#1 Grab #2 Problem #3 Solution #4 Opportunity #5 Competitive Advantage #6 Model #7 Team #8 Reality Check
Is the idea compelling? What are your BHAGS?
#2 The Problem
#1 Grab #2 Problem #3 Solution #4 Opportunity #5 Competitive Advantage #6 Model #7 Team #8 Reality Check
What is the big, important problem that youare going to solve?
#3 The Solution
#1 Grab #2 Problem #3 Solution #4 Opportunity #5 Competitive Advantage #6 Model #7 Team #8 Reality Check
What are you offering and to whom?
#4 The Opportunity
#1 Grab #2 Problem #3 Solution #4 Opportunity #5 Competitive Advantage #6 Model #7 Team #8 Reality Check
What is the basic market segmentation,size, growth and dynamics?
#5 The Competitive Advantage
#1 Grab #2 Problem #3 Solution #4 Opportunity #5 Competitive Advantage #6 Model #7 Team #8 Reality Check
Competitors - everyone has them, who are yours?How are you different?
#6 The Model
#1 Grab #2 Problem #3 Solution #4 Opportunity #5 Competitive Advantage #6 Model #7 Team #8 Reality Check
How are you going to make money?How will you reach your customers?
#7 The Team
#1 Grab #2 Problem #3 Solution #4 Opportunity #5 Competitive Advantage #6 Model #7 Team #8 Reality Check
Who is the team? Tell us about their skills and experienceHow is your team uniquely qualified to win?What expertise is missing?
#8 The Reality Check
#1 Grab #2 Problem #3 Solution #4 Opportunity #5 Competitive Advantage #6 Model #7 Team #8 Reality Check
• What are the milestones for the next 6,12 months
• What risks do you face?
Closing Date: 24 June
Q&A
Apply Now!
Deadline: 24 June
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