Validating & Launching Your Business Idea
EDIT focuses on supporting community members in launching business endeavors with social missions. Throughout their participation, cohort participants will be matched with industry partners who will serve as mentors as well as computer science graduate students who will support the technical development of products.
Who is EDIT for?
Have a tech idea
Are an innovator
Want expertise and nurturing
Are passionate about leveraging tech to positively impact your community and world around you
Need an MVP (Minimum Viable Product)
Are open to receiving direction and feedback
What’s required of you?
Research shows a common factor of success in launching and growing your business, is time! On average successful entrepreneurs spend 10-20hrs a week on their business.
We will supply you with the tools, resources, and guidance but your business needs you. People invest into you before your product!
What you get out of the 10in5 program is based on what you put in.
- Week 1: Welcome An introduction to the program, we will discuss the program materials, and contextualize the journey ahead.
- Week 2: Design Thinking Methodology Introduction to Design Thinking Methodology and learn to formulate a clear problem statement that your business will address.
- Week 3: Empathy (Part 1) Learn why stakeholders are important and how to conduct a Stakeholder Analysis.
- Week 4: Empathy (Part 2) Learn how to conduct interviews with your potential audience as well as complete a Need Analysis.
- Week 5: Define (Part 1) Learn how to define your idea and how to create Affinity Diagramming.
- Week 6: User Personas Define your ideal customer and create user personas which are fictional representations of your ideal customer that incorporates research, needs, goals, and observed behavior patterns of your target audience.
- Week 7: Define (Part 2) Articulate your design problem by turning your findings from the empathy stage into a meaningful, actionable problem statement that will steer you in the right direction and help to kick-start the ideation process.
- Week 8: Scenarios Create User Scenarios to show how users might act while using a design. Scenarios include users’ motivations, needs, actions, barriers and more, and help you ideate, iterate, and test optimal solutions.
- Week 9: Storyboards & Pitching Explore the two main categories of prototyping, low-fidelity prototyping and high-fidelity prototyping. Also includes a brief introduction to pitching.
- Week 10: Business Model Canvas & Entrepreneurship 101 Learn about the Business Model Canvas and how to apply it to your business. Explore basic entrepreneurship topics.
What you get
A pitch deck is a presentation for investors that summarizes your problem, solution, team, finances, and other key business information.
An MVP is a minimum viable product or a version of a product with just enough features to be usable by early customers who can then provide feedback for future product development.
Ready to apply?
All 10in5 programs share a common application. It will take 10-15 minutes. We understand that if you are applying for EDIT you most likely won’t have a business plan, pitch deck, summary and/or any marketing materials yet – that’s okay! We meet you where you are. Also, if the language is unfamiliar to you don’t worry we are here to help, please reach out!