A venture building model that begins by the identification of an innovation challenge that requires entrepreneur talented persons to develop technological solutions that become scalable startups.
The Phase 0 discovery stage is crucial for any entrepreneurial project, as it consists of identifying a real problem for the market niche on which we want to intervene and that at the same time has an impact on the innovation and entrepreneurship ecosystem of the region. The approach of the challenge to be solved for the industry is key to determine the success or failure of the solutions proposed to address it.
But identifying the challenge is not enough. It is important to establish criteria to evaluate the cost of the opportunity as well as to identify other alternatives and competitors.
The Onboarding stage allows entrepreneurs to acquire the mindset for entrepreneurship by developing their skills, generating and applying knowledge and connecting with other entrepreneurs and stakeholders. During this stage, prototypes can be developed that are not necessarily functional or viable, but that allow identifying the right solutions and validating the initial hypotheses of the project.
It is an optimal phase for experimentation and exposure of ideas without having to make risky decisions, favoring the practice of agile and iterative methodologies.
During this stage the ideas are evolving to become a product or service inserted in the market, so the product launch is initiated, although not in its final version, but tests are performed to identify a minimum viable product (MVP).
A minimum viable product does not have all the expected functionalities of the product but allows less complex tests to be carried out in order to collect information from customers and users.
Ideally, during this stage, there is already a team forming the startup capable of covering the key tasks for value delivery. it is a good time to define an initial business model even if it is not definitive.
Reaching this stage implies that the startup has developed a product that is in strong demand in the market. This translates into the arrival of new customers, the recurrence of old customers and turnover. The growth stage focuses on maximizing product profitability.
It is important to understand that product development is not static and that during this stage adjustments should be made in its approach to reach new market sectors, to meet new demands and to occupy new spaces that were not planned.
At this stage, the startup is evolving to become a scaleup. It has demonstrated the potential of its business model, which allows it to set new, more ambitious goals, such as internationalization, expansion and the hiring of new professionals.
The new scaleup will have to define clearly measurable objectives that will make it easier to control and improve performance in all its processes.
- Silver economy
- Financial education
We bring support to entrepreneurs building product development teams focused on the R+D+I management and we follow the whole process through our own digital platform.