Innovation Challenges at CUT: Idea Generator Registration & Business Details
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E-mail:
ideagenerator@cut.ac.za
Webpage:
https://www.cut.ac.za/idea-generator
Registration Form
Please provide details of one partner and compile a service agreement that will include details of all partners
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Cellphone nr.
Faculty & Department (staff)
Faculty / Degree /
Year (student)
Partner CONTACT DETAILS*
BUSINESS DETAILS
Do you have a business? Yes ⃝ No ⃝
Name of Business and describe sector(s):
Registration nr.:
Website:
Business s
ocial media contact details (optional)
Preferred email:
Alternative email
: suzanmothupi6@gmail.com
Name (s) and Surname:
Cellphone nr. & email
Gender of participant:
Career interest /
/Learner //
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IDEA / PROJECT DETAILS
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You give us permission in participation to use the data provided in
terms of (POPI)
i
-GYM Innovation Challenges (IC)
https://www.cut.ac.za/idea-generator
ideagenerator@cut.ac.za
3
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T
Power Point P
resentation template to complete - Contact us at any stage of completing this
form for assistance. You are welcome to add voice notes.
Important dates available at the
i
-GYM webpage or the first slide!
NOTE:
Additional required documents such as consent forms and service agreement forms
not provided
Adjudicators will look at the following:
CUT I-GYM Author E Conradie 2018 Updated 2022 Power Point
/ One pager Business plan TEMPLATE
This is a Template guideline for
a presentation –
replace with your
details and save the file with
your name and
surname and date
before emailing it back to us!
•
Prepare
ONLY FIVE slides
as per this presentation
•
Presentation: 5 minutes – 1 minute per slide or 10 min – 2 minutes per slide
(time frame will be confirmed)
•
Number your slides that questions could be asked by referring to the slide
number or have clear titles for each slide
CUT i-GYM Author E Conradie 2018; Update 2021 Power Point / TEMPLATE presentation
5
Add your logo
here or info
here
SLIDE ONE (Add your three word title
here):
1.
Your name and surname (in capital letters) e.g., Thabiso
MOHAPI
2. Title of your idea - Two to five words
3.
Punchline and tell your story!
4. Pictures explaining the problem or illustrating the solution
5.
Intellectual Property (
IP)
protection sorted ? (
Please do not presented if
you think there is IP to protect
– once you disclosed ( present in any form)
the novelty / new factor is lost – please consult with CUTis staff!
IP queries should be posted to
ideagenerator@cut.ac.za
and the ideagenerator team will forward this to
the
Technical Transfer Officer.
6.
(Optional: Logo or company detail if already registered)
7.
Remember to request
CUT I-GYM Author E Conradie 2018 revised 2021 Power Point /
Business plan TEMPLATE for presentations
6
Add your logo
here or info
here
SLIDE TWO (Summarize the problem;
competitors and describe you clients)
1.
What
PROBLEM
do you solve? How
is your
idea (product or
project) providing a solution to solve the problem? Add pictures,
history and money spend on this by Innovator / WOW FACTOR
2.
What is new or different to competitors and
who are the
COMPETITORS
(see note# as guideline in how to do this)
3.
Who will buy the product or pay for the service* / Where will it
implemented (project) / Who will benefit from this project or product?
#
TIA tips: Provide a list of competitors with the same or similar offering to yours. Explain how your solution may be better than similar offerings. List the differentiating features.
Current/alternative offerings in the market; Features of current/alternative offerings (mention the most important advantages and disadvantages of current offerings);
Competitive advantage: any superior features that you have over your competitors’ offerings/current offerings.
*Tip: Paying customer may not be the beneficiary – explain this e.g. a parent will pay for extra classes but the learner will benefit from extra classes)
CUT I-GYM Author E Conradie 2018 Update 2021 Power Point /
Business plan TEMPLATE presentation
7
Add your logo
here or info
here
SLIDE THREE Finances
1.
Costing -
To fill in Table 2, which consists of TIA project milestones on slide 5. The slide
6 consists of the Table 2, which requires timeline and costing. Table 3 then, is an in-depth
description of the milestones. Table 4 on slide 8, is the summary of the other tables.
2. Determine income:
•
an estimate prize of item or fees (if a project per lesson / session / group) =
INCOME!
•
And estimate prise for components; manufacturing of protype; manufacturing of final
product, *marketing; distribution; staff salaries; rent of factory / facilities; etc =
COSTS
3.
Minimal viable point where money will be made?
4.
(
O
ptional
Long-term plans estimate costs)
The next slides will be your guideline in how to determine the FINAL PRICE ITEM.
Take
NOTE:
if your idea is a product populate info onto the slides 5 & 6 and
if your idea is a project populate info on slides 7 & 8.
CUT I-GYM Author E Conradie 2018 Update 2021 Power Point /
Business plan TEMPLATE presentation
8
Add your logo
here or info
here
1.
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:
•
Complete the table below to plan for project milestones:
CUT I-GYM Author E Conradie 2018 Update 2021 Power Point /
Business plan TEMPLATE presentation
9
CUT I-GYM Author E Conradie 2018 Update 2021 Power Point /
Business plan TEMPLATE presentation utilizing TIA tables
10
1.
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:
•
Complete the table below to plan for project milestones:
CUT I-GYM Author E Conradie 2018 Update 2021 Power Point /
Business plan TEMPLATE presentation
11
CUT I-GYM Author E Conradie 2018 Update 2021 Power Point /
Business plan TEMPLATE presentation
12
(SLIDE – TIPs)
1.
PROFIT
– Income versus expenses (be realist – e.g. your salary
could (should!) be zero in first six months
2.
Start-up Funds
: Indicate any if you are planning to invest any of
your own money; funding applications you plan to apply to etc.
3.
Quotes
–
get real quotes (online is fine but do get at least two to
three with references) and look at alternatives to limit expenses e.g.
transport
– look at option to hire a vehicle or to outsource to e.g. Mr
Delivery
CUT I-GYM Author E Conradie 2018 Update 2021 Power Point /
Business plan TEMPLATE presentation
13
SLIDE FIVE
This is the MOST important slide where you combine all numbers to indicate what is needed
and amounts and where
/ how money can be made in ONE SENTENCE
– summary of
previous slides: E.g. You can say this:
If I can produce 100 of my product at a cost of R … and
sell this as a prize of …… I will be able to cover my cost (production and marketing). If I can
market my product I can sell a 1000 of my product and cover my cost and make a profit of
….. .
If you need prototyping please have two costing structures – one for the prototyping and
one for production with the aim to access the market
BUT
only provide info on slide in bullet points with few words - this info you can provide in a
table of graph format.
Then add:
•
1.
Mentors or Stakeholders involved (CUT student or Staff Departments / UNITS at
CUT / Industry / Government / Funding obtained)
•
2.
Good reviews if product is already on the market & or prizes won or challenges
participate in etc.
CUT I-GYM Author E Conradie 2018 Power Point / One pager
Business plan TEMPLATE
14
Add your logo
here or info
here
End slide – leave presentation at this slide – if you
run out of time – quickly scroll to this slide when
saying thank you for the opportunity
•
Your name
(e.g. Lerato MOHAPI – Put your surname in capital letters)
•
Company name if available and registration number of company if available
and list of partners or any information you want add not provided in previous slides
•
Your Contact details
•
(Business) contact details
•
Website / Twitter / Facebook / Instagram if available
•
and if available to buy: Retail shops
Then add something like this
:
THANK YOU for your time and thanks to the following partners:
Name
those companies / institutions assisting (e.g. CUT, DESTEA, others)
– you hope that question will be
asked from this list ( e.g. How did CUT helped you? Then you can explain and especially if you had to
skip slide 6 due to lack of time – or you could add your logo / motto /
the punchline
which to make
people remember you!)
CUT I-GYM Author E Conradie 2018 Power Point / One pager
Business plan TEMPLATE
15
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m
R
a
m
a
k
r
i
s
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n
a
,
F
R
E
n
g
•
Validate the idea (know the competitors & business worthiness; find
mentors) and get it done
•
Story telling
CUT I-GYM Author E Conradie 2018 Update 2021 Power Point /
Business plan TEMPLATE presentation
16
Adjudicators at CUT's i-GYM will assess problem identification, innovation, target market positioning, competitors, finance projections, team capacity, social responsibility, and presentation effectiveness for Idea Generator registrations and business ventures. Explore the comprehensive criteria for successful projects presented in this content collection.
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Presentation Transcript
/Learner // E-mail: ideagenerator@cut.ac.za Webpage: https://www.cut.ac.za/idea-generator Faculty & Department (staff) Idea Generator / idea-GYM = i-GYM CUT Innovation services, Division RIE, CUT Faculty / Degree / Year (student) Registration Form Please provide details of one partner and compile a service agreement that will include details of all partners Career interest / First Name (s): Last Name (Surname): Gender of participant: Cellphone nr. IDEA / PROJECT DETAILS Student / Staff email: Alternative email: Describe your idea / project in three to five words: BUSINESS DETAILS Consent to use information provided to contact you via email and cell phone? Yes No Sector (e.g., Agriculture): Do you have a business? Yes No What problem do you solve and how is your idea different? Name of Business and describe sector(s): Who are your competitors? List three: Date: Registration nr.: Partner CONTACT DETAILS* Do you think your idea is unique, novel and needs IP protection? Website: Business social media contact details (optional) Name (s) and Surname: Additional required documents we will, based on your application, request other information if you are in a partnership, then you need to provide a service agreement form. Preferred email: Alternative email: suzanmothupi6@gmail.com Cellphone nr. & email Consent to use information provided to contact you via email or phone? Yes No You give us permission in participation to use the data provided in terms of (POPI) 2 Date:
i-GYM Innovation Challenges (IC) CONTENT Power Point Presentation template to complete - Contact us at any stage of completing this form for assistance. You are welcome to add voice notes. Important dates available at the i-GYM webpage or the first slide! NOTE: Additional required documents such as consent forms and service agreement forms not provided https://www.cut.ac.za/idea-generator ideagenerator@cut.ac.za 3
Adjudicators will look at the following: Has the problem been clearly identified? How innovative and unique is the idea / project and / or the business approach? Target market clearly identified? Business/idea well positioned to reach the target market? Competitors Identified? Idea/Business different from its competitors? Is the product/service analysis clear, as how sales will be achieved? Is there a likelihood of securing resources/funding for the start-up phase Own funding? Other? Are the finance projections reasonable? Expenses & Income explained in terms of milestones listed to achieved ? Short term for start-up / to build and test prototype and longer term (3 - year projections) in terms of production? Project: How will the project be funded at start-up phase compare to a growth phase in the business? Does it include a social responsibility component? Does the business have a team capacity to deliver/ entrepreneur have the technical know how to execute the product/service Did the innovator / idea generator took part in other challenges and training workshops? How was an overall effectiveness of the presentation? CUT I-GYM Author E Conradie 2018 Updated 2022 Power Point / One pager Business plan TEMPLATE
Add your logo here or info here This is a Template guideline for a presentation replace with your details and save the file with your name and surname and date before emailing it back to us! Prepare ONLY FIVE slides as per this presentation Presentation: 5 minutes 1 minute per slide or 10 min 2 minutes per slide (time frame will be confirmed) Number your slides that questions could be asked by referring to the slide number or have clear titles for each slide 5 CUT i-GYM Author E Conradie 2018; Update 2021 Power Point / TEMPLATE presentation
SLIDE ONE (Add your three word title here): Add your logo here or info here 1. Your name and surname (in capital letters) e.g., Thabiso MOHAPI 2. Title of your idea - Two to five words 3. Punchline and tell your story! 4. Pictures explaining the problem or illustrating the solution 5. Intellectual Property (IP) protection sorted ? (Please do not presented if you think there is IP to protect once you disclosed ( present in any form) the novelty / new factor is lost please consult with CUTis staff! IP queries should be posted to ideagenerator@cut.ac.za and the ideagenerator team will forward this to the Technical Transfer Officer. 6. (Optional: Logo or company detail if already registered) 7. Remember to request CUT I-GYM Author E Conradie 2018 revised 2021 Power Point / Business plan TEMPLATE for presentations 6
SLIDE TWO (Summarize the problem; competitors and describe you clients) Add your logo here or info here 1. project) providing a solution to solve the problem? Add pictures, history and money spend on this by Innovator / WOW FACTOR 2. COMPETITORS (see note# as guideline in how to do this) 3. Who will buy the product or pay for the service* / Where will it implemented (project) / Who will benefit from this project or product? What PROBLEM do you solve? How is your idea (product or What is new or different to competitors and who are the # TIA tips: Provide a list of competitors with the same or similar offering to yours. Explain how your solution may be better than similar offerings. List the differentiating features. Current/alternative offerings in the market; Features of current/alternative offerings (mention the most important advantages and disadvantages of current offerings); Competitive advantage: any superior features that you have over your competitors offerings/current offerings. *Tip: Paying customer may not be the beneficiary explain this e.g. a parent will pay for extra classes but the learner will benefit from extra classes) CUT I-GYM Author E Conradie 2018 Update 2021 Power Point / Business plan TEMPLATE presentation 7
Add your logo here or info here SLIDE THREE Finances 1. 6 consists of the Table 2, which requires timeline and costing. Table 3 then, is an in-depth description of the milestones. Table 4 on slide 8, is the summary of the other tables. Costing - To fill in Table 2, which consists of TIA project milestones on slide 5. The slide 2. Determine income: an estimate prize of item or fees (if a project per lesson / session / group) = INCOME! And estimate prise for components; manufacturing of protype; manufacturing of final product, *marketing; distribution; staff salaries; rent of factory / facilities; etc = COSTS 3. 4. (Optional Long-term plans estimate costs) Minimal viable point where money will be made? The next slides will be your guideline in how to determine the FINAL PRICE ITEM. Take NOTE: if your idea is a product populate info onto the slides 5 & 6 and if your idea is a project populate info on slides 7 & 8. CUT I-GYM Author E Conradie 2018 Update 2021 Power Point / Business plan TEMPLATE presentation 8
Project milestones (decision-making points): Milestone 1 Milestone 2 Milestone 3 For Example 1.1 Intellectual property protection sign contract 1.2 If 1.1 in place look for partnerships Industry connection 1. Contracts with car manufacturing companies to proceed with testing in their laboratories (this example is for a product for cars component with app) 1 1. CAD Drawings and description 1. 2 Intellectual property protection ( Submit application 1.3 Finding a partner to manufacture 1.4 Building a prototype 1. 5 Concept design with IT for app component 1.1: Buy Oranges at 1. Food Lovers Market 2. Market OR 2. Testing in retail set-up with end user to get feedback 2. Production and testing of a workable prototype without app 3. Coding and combing the app with product Advertise Get permission to ell Decision criteria for each milestone Put up stall Deliverable(s) per milestone. Prototype(s) production for testing Registration / preliminary IP completed Visits to and discussions with industry Feedback received Industry stakeholders should be identified Questionnaire compiled Activities per milestone Printing / manufacturing Drawings refined for applications for IP protection Product with app - Testing This example is for a product for cars component with app. CUT I-GYM Author E Conradie 2018 Update 2021 Power Point / Business plan TEMPLATE presentation 9
Start Date Activities End date Activity duration Expected deliverables per activity Person/Team Responsible Estimated cost of achieving activity 1.Milestone 1 Prototype development CAD drawings of devise, obtain technical advice for prototype development & design ,casing for device, mould manufacturing for case, Assembling parts and testing Feb 2018 Augu st 2018 6 Months (1) A seatbelt clip in casing prototype ready for assessing industry interest Entrepreneur in collaboration with CUT CRPM, PDTS units R 40 000 1.Milestone 2 Final CAD drawings and product description Start Business plan development July 2018 Augu st 2018 2 Months Prototype(s) with CAD drawings Design registration. TTO officer CUT & Law firm R 10 000 1.Seatbelt Milestone 3 Septe mber 2018 Nove mber 2018 3 Months Contact with car manufacturers assessing interest in acquiring for device Entrepreneur in collaboration with IDEA GENERATOR Unit R 10 000 Present registrated / preliminary patented prototype(s) to industry This example is for a product for cars component with app. CUT I-GYM Author E Conradie 2018 Update 2021 Power Point / Business plan TEMPLATE presentation utilizing TIA tables 10
Project milestones (decision-making points): Milestone 1 Milestone 2 Milestone 3 For Example (this example is for a educational project - workshops on how to study for exams ) 2.1 Sign contracts with facilitators 2.2 Register business and see to it that Tax compliance is done 3.1 Identify timelines to host workshops 1 1. Identify facilitator(s) 1.2 Identify method to look for / students / parents / potential learners that may be interest in course 1.3 Create online platform to host 1. info sessions 2. workshop 3.2. Accounting system in place for payment to facilitators and payments by clients 2.3. Identify clients to market to 2.4 Online platform to host workshops in place Milestone 1 will be achieved once a method to identify facilitator(s) with credentials to present workshop(s) on how to study for exams and marketing strategy to find potential clients are determine Decision criteria for each milestone Milestone 2 will be achieved when discussion with facilitator(s) with credentials identified agree to discuss payment and times available to present workshop(s) and potential paying customers attend info sessions with facilitators Milestone 3 Time table - Facilitators and Clients discussions to host workshop(S) & Feedback forms design Deliverable(s) per milestone. Facilitator(s) with credentials are identified to present workshop(s) and potential paying customers are identified Testing of online platform and fee per session discussions with facilitators; Marketing to find clients Accounting system in place for payments; registration of business; host workshop(s) with feedback system Activities per milestone Marketing & online platform creation Marketing to find clients clint sign up form with payment system in place Appoint accountant receive payments; notify facilitators and participants of workshop(s) and host workshop(s) (Start new table for Milestone 4 - implement suggestions obtained from complete feedback forms; marketing for second round to find new clients) 11 This example is for a project CUT I-GYM Author E Conradie 2018 Update 2021 Power Point /
Start Date Activities End date Activity duration Expected deliverabl es per activity Person/Team Responsible Estimated cost of achieving activity 1.Milestone 1 July 20 December 20.. 6 Months (1) R 40 000 1.Milestone 2 July 20.. September 20.. 2 Months R 10 000 Start Business plan development 1.Milestone 3 Septem ber 20.. November 20.. 3 Months R 10 000 This example is for a project 12
(SLIDE TIPs) 1. could (should!) be zero in first six months 2. Start-up Funds: Indicate any if you are planning to invest any of your own money; funding applications you plan to apply to etc. 3. Quotes get real quotes (online is fine but do get at least two to three with references) and look at alternatives to limit expenses e.g. transport look at option to hire a vehicle or to outsource to e.g. Mr Delivery PROFIT Income versus expenses (be realist e.g. your salary CUT I-GYM Author E Conradie 2018 Update 2021 Power Point / Business plan TEMPLATE presentation 13
Add your logo here or info here SLIDE FIVE This is the MOST important slide where you combine all numbers to indicate what is needed and amounts and where / how money can be made in ONE SENTENCE summary of previous slides: E.g. You can say this: If I can produce 100 of my product at a cost of R and sell this as a prize of I will be able to cover my cost (production and marketing). If I can market my product I can sell a 1000 of my product and cover my cost and make a profit of .. . If you need prototyping please have two costing structures one for the prototyping and one for production with the aim to access the market BUT only provide info on slide in bullet points with few words - this info you can provide in a table of graph format. Then add: 1. CUT / Industry / Government / Funding obtained) 2. Good reviews if product is already on the market & or prizes won or challenges participate in etc. Mentors or Stakeholders involved (CUT student or Staff Departments / UNITS at CUT I-GYM Author E Conradie 2018 Power Point / One pager Business plan TEMPLATE 14
End slide leave presentation at this slide if you run out of time quickly scroll to this slide when saying thank you for the opportunity Your name (e.g. Lerato MOHAPI Put your surname in capital letters) Company name if available and registration number of company if available and list of partners or any information you want add not provided in previous slides Your Contact details (Business) contact details Website / Twitter / Facebook / Instagram if available and if available to buy: Retail shops Then add something like this: THANK YOU for your time and thanks to the following partners: Name those companies / institutions assisting (e.g. CUT, DESTEA, others) you hope that question will be asked from this list ( e.g. How did CUT helped you? Then you can explain and especially if you had to skip slide 6 due to lack of time or you could add your logo / motto / the punchline which to make people remember you!) CUT I-GYM Author E Conradie 2018 Power Point / One pager Business plan TEMPLATE 15
Advice from Advice from Prof Seeram Ramakrishna, FREng Validate the idea (know the competitors & business worthiness; find mentors) and get it done Story telling CUT I-GYM Author E Conradie 2018 Update 2021 Power Point / Business plan TEMPLATE presentation 16
