Venture lab – assignment 2 v0.1
- 1. Venture Lab – Assignment 2 By George Cheng, Nikhil Joshi, Hospice Houngbo, Morgan Chan, Paul Wong , John Chan, Taras Tereshchak, Richard Wu 22/04/12 1
- 2. Assignment Setting up (Android/iPhone) App Development training in country side 22/04/12 2
- 3. Team Member George Cheng, Nikhil Joshi, Hospice Houngbo, Morgan Chan, Paul Wong , John Chan, Taras Tereshchak, Richard Wu 22/04/12 3
- 4. Hypothesis…1 Because rural and remote areas have low population densities, they have traditionally lagged behind in the adoption of high tech developments. However these areas contribute significantly to the economy and can benefit from high tech innovation. Thus, we propose an online rural and remote innovation agency that is a one-stop shop for remote collaboration, education, and support for the purpose of spurring rural and remote innovation. 22/04/12 4
- 5. Hypothesis…2 Urban areas have no lack of access to resources and knowledge for those interested in high tech and for governments eager to spur innovation. However, rural and remote areas lack such resources and knowledge. However, rural and remote areas contribute significantly to the economy, and should not be left out of the high tech arena. The idea is that governments are willing to provide funds to an agency that helps spur innovation in an area of the economy that is typically left out of the innovation equation. The idea is also to connect interested innovators in remote areas but in similar industries who are interested in developing high tech applications and tools for their own use or for commercialization. For example, a farmer may have a great idea for a new agricultural smartphone app but does not have access to development resources or talent. Our agency can help link the farmer with developers and innovators elsewhere, and provide an online collaborative work environment, resources, and classroom instruction to realize the idea. 22/04/12 5
- 6. Revenue Model Revenue can be derived from two streams. First, members can pay a monthly or annual fee for access to our online resources and services, as well as educational material and instruction. Each feature and service has an associated price tag. This will be the main and stable source of revenue. Second, members who cannot or otherwise do not want to pay the fees can opt to have their project plans and ideas reviewed by a dedicated committee for the purpose of determining whether the projects are commercializable and ultimately profitable. If the results are favourable then our company will take a stake in the projects in exchange for free access to our services and resources. 22/04/12 6
- 7. What we Do We develop and provide the online collaborative tools to make innovation happen as well as provide, for a fee, the educational curricula as well as resources, support, and access to our network of members. 22/04/12 7
- 8. Power question Are you ready for selling the mobile app that was developed by you for a Millions of dollars? 22/04/12 8
- 9. How we can help I think we can help you. We have university-level education curriculum and tie ups with greatest resources of the industries. This will not only helps you in acquiring necessary technology knowledge but also prepare you on how to get 10+ million $ in venture funding and how to build up an internet empire like Facebook. 22/04/12 9
- 10. Why the prospect should act now? Would you like to schedule a strategy session? 22/04/12 10