The time has come that top 4 HackTheBusiness – Italy teams start their entrepreneurial adventure and access to a dedicated ENTREPRENEDU Mentoring & Coaching Programme. For this special occasion, we talked with Henry Nicolai Buxmann, our teammate and Research Associate at Franuhofer IPK.
The ENTREPRENEDU Mentoring & Coaching Programme has officially kicked-off this month. Tell us
a bit more about the Programme itself – its goals and benefits?
The ENTREPRENEDU Mentoring & Coaching Programme has launched this month with a mission to address the challenges faced by young entrepreneurs who are in need of a supportive mechanism to navigate the complexities of establishing their professional journey and potentially creating groundbreaking businesses.
This need is particularly evident within the European Union, where an innovation imbalance exists across various regions, leading to disparities in knowledge, collaboration, and a noticeable innovation gap. The Programme is strategically designed to focus on young entrepreneurs from Italy, Greece, and Bulgaria. The primary goal of the program is to empower participants by providing them with essential knowledge and mentoring, enabling them to advance to the next stage with their innovative ideas or startups.
The benefits for participants are multifaceted, encompassing crucial aspects of entrepreneurship. These include gaining insights into identifying optimal funding opportunities at European, national, and regional levels. The Programme also emphasizes understanding the concept of tech due diligence, allowing participants to self-assess their strengths and weaknesses while developing a robust value proposition.
Furthermore, participants are able to benefit from learning how to identify the best opportunities and events to meet potential investors and effectively pitch their ideas. Additionally, the program guides them in elaborating a comprehensive and sound business model and plan. By focusing on these key areas, the ENTREPRENEDU Mentoring & Coaching Programme aims to bridge the innovation gap, foster collaboration, and empower young entrepreneurs in Italy, Greece, and Bulgaria to thrive in the dynamic landscape of business and technology.
The Programme will include 6 mentoring modules, each one led by ENTREPRENEDU experts and
mentors. Could you elaborate more what are these modules about and what is the role of mentors?
All mentors possess unique experience and expertise that the bring together for the ENTREPRENEDU Mentoring & Coaching Programme.
The role of the mentors is hereby to provide the knowledge to the participants and answer all potential question that might arise. Further, to provide video lessons and workshops, Q&A sessions as well as individual mentoring and feedback.
Fraunhofer IPK focuses on business model development. The module business model development aims to enable participants to understand the importance of a well-defined business model, equip them with the necessary tools and knowledge to develop their own business model, and to effectively implement it in their start-ups. The module aims to instill a methodical and strategic approach towards business model development. The end goal is for participants to leave with a comprehensive, viable business model that aligns with their startup’s vision and market demand.
LUISS University focuses on crafting a value proposition. The module Crafting a Value Proposition aims to equip participants with the knowledge and skills to define, develop, and communicate a compelling value proposition. The module seeks to enable them to effectively distinguish their product or service in the market, demonstrate its unique value to customers, and leverage this proposition for competitive advantage and sustainable success.
Fondazone E. Amaldi focuses on tech feasibility and product development. The module From tech feasibility to product development to guide participants in bridging the gap between technological feasibility and product development, emphasizing the creation of persuasive pitches. Participants will learn to clearly communicate their technology viability, market relevance, and the process of its development. Additionally, the mentoring will equip them with the skills to create a preliminary product development plan, providing a robust foundation for their start-up journey.
EBAN focuses on investment pitching and funding needs. The module Investment Pitch and quantifying your funding needs aims to equip participants with the knowledge and skills to create a persuasive investment pitch and accurately quantify financial needs. The overall objective is to enable participants to effectively communicate their business’s value, growth potential, and funding requirements to potential investors, thereby enhancing their chances of securing crucial financial backing.
Corallia focuses on entrepreneurial business planning. The module Entrepreneurial business planning aims to equip participants with the knowledge and skills to craft a robust and persuasive business plan, emphasizing critical aspects such as market analysis, strategy formulation, operational planning, and financial projections. The module is designed to empower the participants to strategically plan their business journey, align their team towards shared goals, and convincingly present their venture to potential investors or stakeholders.
Cleantech Bulgaria focuses on the topic of access to finance and related funding. The module Access to finance and related funding provide participants with comprehensive knowledge of different funding avenues available, and guide them in effectively navigating the financial landscape. The module aims to equip participants with skills to present a compelling business case to potential investors, understand the intricacies of financial planning, and secure suitable funding.
The participants of the Programme are winning teams of HackTheBusiness competitions organised by ENTREPRENEDU. In your opinion, what are key potential takeaways for our participants after the Programme?
The participants of the ENTREPRENEDU Mentoring & Coaching Programme stand to gain invaluable insights and resources throughout their participation in the Programme. One of the key takeaways for these teams lies in the enriched entrepreneurial skills acquired through hands-on experiences, mentorship, and exposure to real-world business challenges. This not only improves their ability to navigate the complexities of the business landscape but also equips them with practical know-how essential for success in their
In essence, the key takeaways for participants in the ENTREPRENEDU Mentoring & Coaching Programme encompass a well-rounded set of skills, knowledge, and resources essential for their entrepreneurial journey, ensuring they are better positioned to turn their innovative ideas into successful and sustainable companies.
We wish our first cohort participants all the best and, of course, to have fun!