ADD Basics 4 15:00-18:00 Welcome!

Today’s agenda 15:00 The economics of 3D printing (Meri) 16:15 ADD Lab tour (Meng) 16:30 Break 16:45 Getting from product idea to business model (Meri) 14.11.2018

Course goals recap Ideate, design, prototype, and pitch a product and business idea around additive manufacturing. 14.11.2018

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What does a product idea look like? 14.11.2018

What does a business idea look like? 14.11.2018

The economics of 3D printing When does it make sense?

Click picture to access prezi 14.11.2018

Getting from business idea to business model

1) What’s your product idea?

You’ve already used one tool to help determine if your product idea is worth pursuing with 3D printing 14.11.2018

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2) What’s your business idea?

So you’ve got an idea. Now what? 14.11.2018

3) What’s your business model?

1) Plan a business model using the Business model canvas 14.11.2018

SWOT analysis and the business model canvas are useful, but they’re only a start There are hundreds of tools for evaluating business models out there, and there is no single best one. Google various versions of “critically assessing business ideas” or “business model analysis” to find out what other tools are available, and use it to evaluate your idea before pitching: they will help point out flaws in your model before the VC does. This article may help you get started. 14.11.2018

Assignment 3 recap: pitch your product prototype and business idea on 30.3. We’ll have a pitching workshop to help you with the format next week Bring a prototype to demonstrate your product (does not have to be 3D printed… yet!). Don’t focus too much on the product: your goal is not to sell the product idea alone, but also the business around it. After this round, 50% of the ideas will be eliminated and the team members reintegrated 14.11.2018