1. Day 7: Lean Canvas Finalizing Ideas
Global Startup Labs
Day 7: Lean Canvas
Finalizing Ideas

2. Order of Events Announcements Recap Introduction to Lean Canvas
Finalizing Ideas
Venture Engine Info HW

3. Announcements Venture Engine Event Today
Event of the week: Alumni Day on Friday – 3 to 7pm

4. Recap Yesterday you… Finalized teams Decided on roles
Developed team norms
Shared about cool startups
Narrowed to 2 ideas
Read a Peter Thiel article
Researched your ideas
Just cold call, think about who – 2 people

5. Team Norms Keep discussing—you will develop these ongoing.
You should have sent us these…
Team goals Eg: Profit focus, social impact, team learning etc.
Personal priorities Eg: other commitments, improve on weaknesses, focus on strengths etc.
Team values Eg: Balance work with fun, respect for everyone, equal opportunity, accountability etc.
Teamwork process Eg: Meeting times/places, mode of interaction, accountability, feedback mechanism and frequency, workstream mgmt, info sharing (Box/Dropbox/GDrive), divide and conquer etc.
Decision making policy
Team roles, strengths, weaknesses
Record keeping

6. Lean Canvas
Lessons learnt: How to get money/how investors analyze a pitch
Pitching: Eye contact! Need a slide w/ answers
Investing: List of facts that investors consider when investing
1)what is the target market of the product of a particular company
2)Whether the product is applicable to the region(Do people really need this product)
3)Growth rate of the target market and the size of the target market
4) Whether the team is perfectly matching for operate as a company and their capacity to achieve the target market(Developing skills, Marketing Skills, Financial management handling etc.)
5)Business Model and revenue generation plan of the company
6) Amount of invest, that a particular company needs to operate on their first phase.
7) How much in return that the investor can get after investing

7. Idea Review Review your research results with your team.
Use your results to create a lean canvas.
We will come around to give you feedback.
Questions you researched:
Problem description: Describe each problem in detail.
Solution description: 1 potential solution for each problem
Market analysis: size, growth—How many face this problem?
Competitive analysis in detail—What other solutions exist?
Other similar/different solutions outside of Sri Lanka for the same problem
Proposed revenue model--How will solving this earn you money?
Target customer and customer needs
Uniqueness: What makes your product unique/valuable

8. Venture Engine We leave at 11:30 by van Starts at 1pm, Kingsbury Hotel
Return to UoM by van at 4pm.
Let us know if you prefer to arrange your return transport.

9. Homework: Individual Complete survey on today’s class:

10. Homework: Team
Identify the top problem you want to solve. Use your research to answer the following questions. Create a 10 to 15 slide PowerPoint deck answering the following questions about one of the problems you identified.
Problem description: Describe each problem in detail.
Solution description: 1 potential solution for each problem
Market analysis: size, growth—How many face this problem?
Competitive analysis in detail—What other solutions exist?
Other similar/different solutions outside of Sri Lanka for the same problem
Proposed revenue model--How will solving this earn you money?
Target customer and customer needs
Uniqueness: What makes your product unique/valuable