Draft Idea Presentation (put your team/idea title here)

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Presentation transcript:

Draft Idea Presentation (put your team/idea title here) Template (don’t change the order of the slides, but please change the look of them)

Background story What led you into developing this idea? What is the story?

The Big Idea

Product or service description In as concrete terms as possible, describe how your product or service will function. What is new or innovative about it?

What team offers for 1000 € Describe here what you will offer to Draft Program® for 1000 € + VAT What kind of demo service or prototype will you deliver? What other benefits will you provide to Draft Program?

Customer need Reasons why your future customers are buying this product? What are the benefits of your product to your customers? What does it do for them? Define the need independently of your product.

Comparison to existing products or services Describe existing products, services or methods that customers currently use to satisfy their need. How much are your customers spending money or effort on these options at the moment? How is your product or service better, cheaper or easier than these alternative methods?

Financial calculations A. How much are your customers willing to pay for a single unit of your product or service? B. How many times a year will they buy from you? C. How many potential customers are there who have this need you are targeting? D. How big percentage of these potential customers do actually need to buy from you in order you reach 1 million in revenue? [1.000.000 € / (A * B * C)]. If your customers should buy from you rarely than once a year, change this calculation to a five-year or ten-year revenue calculation.

Team description Team’s key people contact information (name, email, phone number, education, school) and description of the roles and tasks in the team.

Motivation Describe here the long-term motivation for each of the team members individually to be involved in this project. How much time are the team members prepared to invest into this project during the next 6 months?

Future

Uncertainties What are the most important uncertainties of your idea? What are you least certain about?

Plan What are you planning to do next and how? What kind of tests/tasks will you do? How much time is required to do these tasks?

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