e@UBC’s startup workshops are for UBC entrepreneurs with a venture idea in mind, or who are simply considering an entrepreneurial path. The workshops introduce you to the lean startup process and how to develop a customer-validated basis for building your product and your venture. These workshops are not lectures – you will work hands-on with entrepreneurship tools and techniques, learning to develop testable hypotheses for a viable business model. The startup workshops prepare you for ongoing work with an Entrepreneur in Residence in Open Office, and for applying to the Lean Launchpad Accelerator program.
The e@UBC Target Product Profile workshop is designed for human health life sciences ventures where navigating the regulatory environment is critical. Participants will work with the e@UBC Life Sciences Venture Mentoring Team to develop their initial TPP, a key element in preparing for the Lean Launchpad Accelerator program and/or venture building.
This intensive lean startup program is for venture teams from any discipline that are serious about creating a startup. It is not a theory or textbook course. Venture teams work in this 5 week program with top entrepreneurship instructor/facilitators from the Sauder School of Business and with experienced industry mentors to discover, develop and validate a viable business model. What to expect in the Lean Launchpad
- In class: Venture teams work hands-on with lean startup tools to develop business model hypotheses, with the guidance of facilitators and embedded mentors.
- Outside of class: Team members conduct 10-15 interviews weekly in their industry ecosystem to discover customer needs and pains, and to validate or invalidate their business hypotheses, while creating a network of valuable contacts in their industry.
- Presentations: Teams present their progress to the cohort every week, and receive feedback from mentors and facilitators.
- The outcome: Successful teams emerge with product-market fit - a clear and validated understanding of compelling customer problems or needs and how their product will solve the problem. Ventures that have truly determined product-market fit are ready for the next stage of the startup journey: company building.
The lean startup methodology used in e@UBC programs has roots in the scientific method scientists are familiar with in the lab. Participants apply an evidence-based approach to developing their new venture by generating hypotheses about their business (ie distinguishing facts from assumptions), testing these hypotheses with customers and other people in the relevant ecosystem, and validating, invalidating or modifying the hypotheses based on the evidence collected. The end result: you will learn from the evidence whether there is a market opportunity that is worth investing your very valuable time, energy and money in.
Impact ventures are for-purpose organizations that focus on important local and global challenges with a strong emphasis on maximizing positive impact in areas such as social, health, and environment. e@UBC programs help venture teams discover and validate a business model that can achieve the purpose-driven mission while fueling financial sustainability and growth of the venture. Facilitators and mentors include entrepreneurs and executives that have experience working with impact-focused organizations. Successful impact ventures may be considered for an impact investment from the e@UBC Seed Fund.