Prof. Tello Workshop 2: Identifying Resources

Agenda Schedule UpdateSchedule Update Check-in with TeamsCheck-in with Teams  How are you progressing?  Pressing Questions? Discussion of Resource NeedsDiscussion of Resource Needs Prepare for Rocket Pitch Practice Prepare for Rocket Pitch Practice

Schedule Update April 4 – Rocket Pitch Practice Expected of all teams competing in Event Sign-up online – details TBA Teams must confirm intent to Pitch! April 4 – Rocket Pitch Practice Expected of all teams competing in Event Sign-up online – details TBA Teams must confirm intent to Pitch! April 8 – Idea Plan, Rocket Pitch deadline.April 8 – Idea Plan, Rocket Pitch deadline. April 12 – Preliminary Pitch-Off, 3:00-6:30 PM Saab ETIC CenterApril 12 – Preliminary Pitch-Off, 3:00-6:30 PM Saab ETIC Center April 17 – Final Event, 6:00-9:00 PM Saab ETIC CenterApril 17 – Final Event, 6:00-9:00 PM Saab ETIC Center

Event Details April 12 – Preliminary Pitch-Off Anticipate Teams 3 min. pitch, 5 min. Q&A Select 9 teams for Final Event April 12 – Preliminary Pitch-Off Anticipate Teams 3 min. pitch, 5 min. Q&A Select 9 teams for Final Event April 17 – Final Event 3 min. pitch, 5-10 min. Q&A Posters from all Teams Award Ceremony, ReceptionApril 17 – Final Event 3 min. pitch, 5-10 min. Q&A Posters from all Teams Award Ceremony, Reception

Event Categories for $25K IdeaChallenge UMass Lowell Campus-wide DifferenceMaker UMass Lowell Campus-wide DifferenceMaker Most Likely Product to Market Most Likely Product to Market Significant Social Impact Significant Social Impact Innovative Technology Innovative Technology Sustainable Environment Sustainable Environment All teams will receive token of recognition All teams will receive token of recognition

Tell Us About Your Progress Have you clearly identified a problem and those affected by the problem?Have you clearly identified a problem and those affected by the problem? Can you clearly express the opportunity in terms of people, impact and value?Can you clearly express the opportunity in terms of people, impact and value? How is the description of your solution progressing?How is the description of your solution progressing? Challenges? Concerns? Challenges? Concerns? Do you need additional help?Do you need additional help? In 1 minute or lessIn 1 minute or less

Problem/Solution Model

Resource Needs What are resources? What are resources? Why do you need them? Why do you need them? How do you ask for them? How do you ask for them?

What are Resources? Why do you need them? People – talented people with different skills People – talented people with different skills Technology – to get the job done Technology – to get the job done Materials – depends on the project Materials – depends on the project  Paper, tape, posters, flyers, food for events Knowledge – learn from others Knowledge – learn from others  Attend related events, travel, database access, market reports Awareness/Publicity Awareness/Publicity  Website, marketing, advertisement, outreach What else? What else?

How do you ask for resources? Help funder to understand the need Help funder to understand the need Present reasonable estimates Present reasonable estimates Break out a proposed one year budget Break out a proposed one year budget Explain what this budget will accomplish Explain what this budget will accomplish

Sample Budget

What’s Next? Prepare your Rocket PitchPrepare your Rocket Pitch Practice event, April 4 th, Southwick 240Practice event, April 4 th, Southwick 240 Sign up for time slotSign up for time slot Access our faculty mentors!Access our faculty mentors!

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