Innovative Proof of Concept for Start-Up's Groundbreaking Product/Service
Demonstrating a unique proof of concept to support the launch of a pioneering product/service through a start-up, showcasing novelty, viability, and potential impact. The proposed commercialization plan aims to secure significant funding and introduce the initial product/service offering based on the PoC, catering to unmet societal needs or inventive solutions. The presentation emphasizes differentiation, technical feasibility, and a compelling business plan for investor interest. Explore the provided images for a comprehensive overview of the concept's development and commercialization strategy.
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Presentation Transcript
(CLEAR DEFINITION OF POC) To demonstrate proof of concept for ______ ______ (statement should highlight product/service planned, novelty and potential impact in terms of availability, quality, affordability) (CLEAR STATEMENT OF COMMERCIALIZATION PLAN) We propose to create/build a start-up to receive BIG funding support, if selected under this scheme. The company s first product/service offering based on the PoC shall be _________
Novelty (or large unmet social need) A clear case for novelty. Differentiation with others. Indicators of novelty such as patents or case for patenting etc
Results that indicate do-ability/ technical feasibility/ credibility Results that would indicate usefulness and hint towards potential impact.
The opportunity (business plan or social impact) Ref 1:
Go-to-market plan/ Role models Proposed strategy for commercialization Arguments for why there will be investor interest in investing in a start-up or opportunity for a M&A or technology licensing. Sometimes, it helps to show other international startups in that space who have received investor interest ---- may indicate that others believe in the opportunity and market potential at least.
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Work plan flow sheet (step by step process till commercialization; POC project can be only a part of the flow sheet) Work plan flow sheet (step by step process till commercialization; POC project can be only a part of the flow sheet)
Work plan Work plan 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 Tasks Tasks
Milestones Milestones Target end of ____ months) Target date (at end of ____ months) date (at Milestone targets Milestone targets Funds requested ( lakhs Funds requested (rs lakhs) ) rs 0 3 9 12 15 18
Budget Budget Heads Equipment Consumables Man power Incubation services Travel External services Contingency Heads Amount (Rs Amount (Rs lakh lakh) ) Basis Basis
