For ventures driving innovative solutions that challenge the status quo through disruptive technologies, ideas and trends.
CORE supports UBC entrepreneurs who are building solutions founded in technology and innovation, helping to develop their startup through practical business training and deep mentorship to launch ideas into thriving companies capable of shifting industries. CORE ventures will learn to rapidly iterate and pivot their innovations as they develop and validate product-market fit.
Venture Founder: CORE, helps validate and shape your venture's potential, working with seasoned industry instructors, experts and mentors to catapult your venture into a scalable company.
Venture Founder: CORE will help develop the vision for your venture and a compelling value proposition through ecosystem analysis, competitive landscape analysis and business model hypothesizing. You’ll develop a compelling story for your venture, articulating the problem you’re solving while discovering your market.
Ventures in CORE are seeking development support and guidance in areas including, but not limited to; hardware, software, consumer packaged goods and technology applications ranging from AI and robotics to agritech, fintech, edtech, gaming, and many others.
The CORE series of mentor-enabled workshops helps teams identify a viable and valuable start-up opportunity, guiding the Venture Founder team through venture creation with a focus on team building, technology development, market traction, and financing through the 4T’s Venture Playbook.
Preference is given to CORE applicants who can demonstrate the following:
- The venture team comprises at least two motivated individuals who are receptive and open to coaching and are able to receive advice which may be contrary to the teams’ thinking or opinions. Preference may be given to teams with a diversity of knowledge and skills (eg. a business person and a technical person) at the discretion of entrepreneurship@UBC.
- At least one member of the team must be a UBC student, faculty member or staff member, or a recent UBC alumni (within 5 years of graduation). At the time of application, student team members should be within twelve months of graduating.
- Applicant must be driven, motivated and have the bandwidth to pursue a startup venture with entrepreneurship@UBC.
- Applicant can articulate a vision for the venture whereby, the venture success can be articulated as being investible and/or scalable (vs a lifestyle business).
- A proof-of-concept in a model or setting validated by peers, partners or potential customers. Teams that have not progressed beyond the raw idea stage may apply, and will be considered on a case by case basis.
- See TRL definitions here to estimate the level of development of your innovation. A TRL of Level 3 or 4 is recommended, but TRL Level 1 will be considered for software ventures.
- Applicant has an understanding of their competitive landscape.
- Applicant has an understanding of the elements of their business model based on comparables and some market sizing.
- Team should have a basic idea for revenue generation. There is no expectation for revenue generation in the Venture Founder stage.
Interested in learning more?
Get in touch with CORE Stream Lead and Lead of the Social Venture Studio, Angela Hamilton.