tyetgsii2018presentation-180221142841

[Virtual Presenter] We are about to embark on an exciting journey at the TYE Global Summit 2, where we will delve into the art of storytelling and presentation skills. Our objective as trainers is to equip entrepreneurs and innovators with the ability to convey their ideas persuasively and transform them into tangible opportunities. Let's begin!.

[Audio] The key to successful invention education lies in identifying problems and applying STEM skills and design thinking. This entrepreneurial approach empowers students to develop innovative solutions..

[Audio] Because invention education bolsters the ability to identify and solve real-world problems important to students and their communities, increases interest in STEM, cultivates empathy, creativity, and grit, creates an entrepreneurial mindset, and enables under-resourced populations to create impactful companies and become employers. This type of education also teaches responsible development of products addressing problems worth solving, having a critical impact on economic growth and society/environment..

[Audio] The curriculum is designed to be flexible and additive, allowing participants to create their own program. It includes various components such as mentors, curriculum content, financial discipline, made-to-stick marketing, alternate tools and skills, and kanban/time management. Participants can choose which components they want to include in their program..

[Audio] Let's get started by using social media to stay connected and share our thoughts. We're expecting one new concept, one new friend, one thing shared, and one thought provoked as outcomes today. Don't forget to take phone calls outside..

[Audio] Practicum: Customer Development will explore the importance of talking to customers, understanding their needs, and identifying opportunities to create value. We will learn how to use tools like the six pitches and Google stories to craft compelling narratives that resonate with our audience..

[Audio] We have the tools to create something new. We have the invention, the idea, the concept, the solution. And we have the moment of change, the opportunity to bring it to life..

[Audio] The TYE Curriculum is designed to empower young entrepreneurs with the skills and knowledge they need to succeed. It provides a structured approach to learning, ensuring that participants gain a deep understanding of entrepreneurship and innovation. Trainers can equip their students with the confidence and expertise required to turn their ideas into reality by leveraging the curriculum's unique blend of theory and practice..

[Audio] The agenda outlines four key components. The first component explores the difference between business plans and entrepreneurship competitions, helping us understand the objectives and expectations of each. The second component dives into the program structure, topics, and judging criteria, giving us insight into how the competition will unfold and what we should focus on during our preparation. The third component discusses the schedule and time commitment required to participate in the competition. Finally, the fourth component shares valuable tips and tricks, along with resources to support our journey..

[Audio] The TiE Youth Entrepreneurs program is designed to teach students the skills they need to become successful entrepreneurs. By doing, not just talking, this experiential program helps young minds develop their ideas into tangible products. Through hands-on activities, students learn the ins and outs of invention, innovation, and entrepreneurship. With a focus on practical application, the program fosters creativity, critical thinking, and problem-solving skills..

[Audio] We seek to promote risk-taking, leadership skills, and innovation among the next generation of earthlings. Entrepreneurship is used as a tool to teach the fundamentals of building and running a business. Our intention is not to create founders out of high school students, although this may occur. Instead, we believe the skills and traits that define successful entrepreneurs are essential in any aspect of life: taking ownership, forming alliances, seeking guidance and applying feedback, inspiring teams without direct authority, and persevering through difficult circumstances with poise and determination..

[Audio] The young entrepreneurs we're discussing today are not ordinary individuals. They are businessmen and entrepreneurs who have the potential to create something new, innovative, and valuable. With $5, they can start their own business, take risks, and make it grow. These young entrepreneurs are the future leaders of our economy, and it's crucial we provide them with the necessary skills and knowledge to achieve success..

[Audio] Startups are exploration vehicles that take us on a journey from problem to solution, product to market, and fit to scale. We've built something people want, but have we really solved the problem? And if we have, how do we deliver so much value to our customers?.

[Audio] The Entrepreneurship Lab is designed to support students through three phases of growth, each building upon the previous one to provide progressively more independence and expectations. In Phase 1, small teams practice local competitions, where students learn the basics and work together. As they advance to Phase 2, they become self-organized and refined by their mentors, participating in global competitions to hone their skills and learn from others. Ultimately, in Phase 3, students reach a point of readiness, allowing them to run their own projects independently..

[Audio] The TYE program underwent significant changes over the years. Originally, it consisted of 56 hours of training, followed by a local competition. Participants developed their entrepreneurial skills through hands-on experience and peer feedback. Later, the format changed to a 12-week program, accompanied by a local competition, aiming to provide more comprehensive training and mentorship. At the global competition, participants submitted deliverables, including a lean business model canvas, written business plan, final presentation, prototype or demo, and executive summary, showcasing their hard work and dedication..

[Audio] A flexible curriculum allows us to add new elements while maintaining the core structure. This approach enables us to create a customized program that suits our specific needs. We can include mentors who will guide us throughout the process. The curriculum content will focus on providing valuable skills and knowledge. Financial discipline is crucial to ensure we stay within budget. The duration of Phase 1 will be a weekend, allowing us to complete it efficiently. To make our program more engaging, we'll use made-to-stick marketing strategies. Continuous support from TiE mentoring and TiE XL will help us maintain momentum. We'll also explore alternative tools and skills to enhance our learning experience. As student ambassadors, we'll share our best practices with others. Finally, we'll utilize kanban time management techniques to stay organized and focused..

[Audio] The TYE curriculum has been designed to accommodate various formats and timeframes. This flexibility allows us to adapt our sessions to suit different needs. We offer sessions ranging from short and intense, lasting four to six hours, to longer and more iterative, spanning three to six months. Additionally, we provide shorter sessions, lasting two weeks or three months, as well as immersive experiences like bootcamps and a 48-hour kickoff..

[Audio] The curriculum comparison between original TYE and TYE 2017+ reveals distinct variations in the opportunity and SWOT analysis, ideation processes, target market identification, competition assessment, customer development strategies, marketing value propositions, lean canvas application, revenue models, income statements, startup math, cash requirements, rapid prototyping, team background, interest, roles, storytelling, and presentation skills. This comparison allows trainers to pinpoint areas where they can modify their teaching approaches to better support entrepreneurs. By grasping these differences, trainers can offer more effective guidance on developing business plans, pitch presentations, and financial projections..

[Audio] Students often believe that invention and innovation are beyond their reach because they do not have the necessary tools, resources, or support to turn their ideas into reality. Many student inventors struggle to make their creations useful and impactful due to these limitations. However, TYE provides a platform where students can gain access to the tools, resources, and network needed to bring their inventions to life..

[Audio] The judging criteria comparison emphasizes the significance of customer validation, presentation, execution, business plan, business model, and teamwork in assessing startup pitches. The point system rewards teams that excel in these areas, with the top three teams receiving recognition and feedback from judges. The most outstanding fast pitch and elevator pitch also receive special recognition. By grasping these judging criteria, entrepreneurs can fine-tune their pitches and boost their chances of success..

[Audio] When we discuss teamwork, it is crucial to comprehend its meaning. Teamwork occurs when individuals unite, each contributing their distinct strengths and skills, to accomplish a shared objective. This necessitates transparent roles and organization, wherein every person recognizes their duties and how they integrate into the larger scheme. With numerous ages, genders, schools, and varied skillsets and abilities, our team becomes more robust and diversified. To guarantee success, we must also allocate tasks clearly, ensuring everyone comprehends their role and expectations. Furthermore, each individual must assume responsibility for their part, feeling accountable for the outcome and dedicated to achieving it..

[Audio] Fueled by customer interviews, this approach enables us to gather valuable insights from our customers, understanding their needs, desires, and pain points. By listening to their stories, we can identify opportunities to create innovative solutions that meet their requirements..

[Audio] A business plan is a comprehensive document outlining a company's goals, target market, marketing and sales strategies, financial projections, and operational plan. On the other hand, a business model canvas is a one-page diagram illustrating the key components of a business model, including customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, cost structure, and revenue streams. While both tools serve distinct purposes, a business plan helps students refine a product-market fit and scale plan, assuming a successful product-market fit and established revenue sources. Conversely, a business model canvas emphasizes experimentation, marketing, and financial discipline, enabling students to test various solutions and revenue streams. The former is designed to impress investors, whereas the latter guides students into business discipline..

[Audio] Execution is the process of turning ideas into opportunities by creating a physical item, such as a mockup of a product, and incorporating customer changes and traction examples. This involves investigating alternative solutions, building an instantiation of a product or service, and making adjustments based on customer feedback. Furthermore, execution entails breaking down services into components, executing them manually, and finding ways to reach the intended audience..

[Audio] The TYE program has enabled young entrepreneurs to come up with innovative ideas such as DroneON, eMDream, Dreamkit, Sobek, Body Armor, Concussion Block, Cleat, Elite Ayur, Aid, Dishes, and Don't. As trainers, it is crucial that we comprehend these concepts and convey them effectively to our students. This empowers them to think creatively and develop innovative solutions to real-world issues. By doing this, we can unlock their potential and assist them in becoming successful entrepreneurs..

[Audio] TYE has witnessed numerous impressive projects emerge from its programs, transcending regional boundaries. Notably, Vali, a project from TYE Detroit 2016, exemplified innovative entrepreneurship. Moreover, Veripad, showcased at CES 2018, demonstrated the far-reaching impact TYE can have globally. These examples illustrate the vast potential that lies beyond our current scope. We are eager to venture into uncharted territories and push the limits of what is feasible..

[Audio] The Living Curriculum is designed to be flexible and adaptable, comprising two phases: Phase 1 and Phase 2. In Phase 1, students spend 48 hours learning new skills and tools, building strong foundations. Phase 2 lasts 12 weeks, during which students work on their projects, iterating twice to refine their ideas. Throughout both phases, mentors guide students, with each session featuring five mentors providing personalized guidance. The Student Ambassador Program develops leadership skills, while rapid prototyping occurs in every session, allowing students to test their ideas and make necessary adjustments..

[Audio] Don't waste time on breaks that aren't productive. Instead, take a break that stretches your mind and body. Whether it's a walk outside, some yoga poses, or a quick meditation session, use this time to refresh and recharge. And when you return to your task, come back with renewed energy and focus..

Resources.

[Audio] To access the full curriculum, NDA is required. You must sign a non-disclosure agreement before we can share the complete curriculum with you. For more information, please contact Mohini Suchanti, who will guide you through the process and provide the necessary details once the NDA has been signed..

[Audio] There are two sources where we can get material. We develop it in-house, and we use customer development. We can find bug lists and passion lists on Steve Blank's website. Furthermore, we have access to IdeaLab, design thinking, team contract, and customer march resources. We also have InventionLab..

[Audio] Instructors and mentors are vital in shaping the learning experience of students. As primary educators, they care for their students' growth and development. These instructors come from diverse backgrounds, including EdTech startups, where they have acquired expertise in innovative teaching methods. Some may even be teacher-entrepreneurs, having founded their own educational ventures. The goal is to provide continuity across all lessons, ensuring a seamless learning journey for students. Mentors offer guidance and support, drawing from their experiences as incubator or accelerator mentors, corporate intrapreneurs, or charter members of TiE. They also include university faculty and students, as well as online mentors from other chapters. Effective mentors lead by example, rather than relying on authority, and act as senseis, developing leaders and teams while sharing their knowledge through single lessons. They may also serve as team or topical advisors, leveraging their startup or street cred to inspire and motivate students..

[Audio] Developing personas helps us understand our target audience better. We then look for habits and venues where they tend to congregate. Using introductions via TiE charter members, we can get started. With parent members and TiE angels acting as chaperones, we visit those venues. Before interviewing potential customers, we prepare questions with the help of mentors and students. One person talks during the interview, while the other takes notes. The mentor provides advice based on their observations afterwards. Finally, we contact other TYE students to gather more information and insights..

[Audio] Rapid prototyping is a crucial step in the development process. With the tools available today, it's easier than ever to create prototypes quickly and efficiently. Numerous methods exist for prototyping, including virtual reality, machine learning, web development, 3D printing, and IoT learning. Popular platforms include TinkerCAD.com, Popapp.in, Rodin.io, openjscad.org, Weebly.com, Arduino.org, Proto.io, Fusion 360, Keras.io, Wix.com, Raspberry Pi, Flinto.com, apps.bots101.org, Chatfuel, SquareSpace.com, Ardublock.com, AppInventor.MIT.edu, and Thingiverse. These tools enable us to test our ideas, identify potential issues, and refine our designs before proceeding with production. By employing rapid prototyping, we can minimize the risk of costly errors and guarantee that our final product satisfies user requirements..

[Audio] We are going to explore how to create one great idea in just 40 minutes by following four simple steps. We will structure our ideation process to come up with innovative solutions and learn how to pitch those ideas to parents..

[Audio] We will work on applying our new concept during this phase. We have eight hours to build a team, form a lean canvas, create a five-minute pitch, and develop a low-res prototype. By the end of this phase, we will have accomplished something tangible - a working prototype that showcases our idea..

[Audio] Presentation tools can provide various resources and techniques to help us create engaging presentations. The six pitches, including the Pixar pitch, offer different approaches to storytelling. We can also use the timer with alerts available on www.PitchTimer.com to stay focused during our presentations. Furthermore, learning from amazing Google stories and how to storyboard a presentation through online tutorials can be beneficial. By mastering these skills, we can craft compelling presentations that capture our audience's attention..

[Audio] Building a strong team requires creating a lean and agile business model that can adapt quickly to market changes. To achieve this, we utilize two essential tools: the sample team contract and the business model canvas. The former defines roles and responsibilities within the team, serving as a playbook for our operations. The latter visualizes our business model, illustrating how our value proposition fits into the market and identifying areas for improvement. By employing these tools, we establish a solid foundation for our business, ensuring all team members work towards common objectives and enabling swift adaptation to changing circumstances..

[Audio] Three things I am passionate about are teaching, cooking, and photography. Three things that bug me, but I still tolerate them, are loud music, long lines, and unorganized files..

[Audio] Design thinking is a discipline that uses the designer's sensibility and methods to match people's needs with what is technologically feasible and what a viable strategy can convert into customer value and market opportunity..

Design Thinking.

[Audio] The process starts by setting a goal and selecting a theme that matches it. This is followed by customer empathy, where we gain insight into their needs and pain points. Next, we generate numerous ideas through flaring out. Focusing on solutions, we narrow down our options. A low-resolution prototype is then built, allowing us to test and refine our concept. Finally, we share our findings and insights by reporting out..

[Audio] When traveling for business, it's essential to manage jet lag effectively. Adjusting your sleep schedule gradually before the trip, staying hydrated during the journey, and maintaining a consistent routine once you arrive at your destination can achieve this. Taking breaks throughout the day to rest and recharge can also help combat the effects of jet lag. Prioritizing your well-being enables you to be more productive and better equipped to tackle the demands of your business travel..

[Audio] We rapidly prototype our ideas by expanding our persona, distilling our product, and committing to a goal. We create a PowerPoint demo in one hour, followed by an app mockup, physical model, and app prototype over the next few hours. Then, we develop a website in 20 minutes. By choosing the right tools, we get to work, making progress towards our goal..

[Audio] Rapid prototyping is a crucial step in the development process. With the tools available today, it's easier than ever to create prototypes quickly and efficiently. From virtual reality to machine learning, web development, and even 3D printing, there are numerous ways to bring our ideas to life. We can use platforms such as TinkerCAD.com, Popapp.in, Rodin.io, and openjscad.org to design and prototype physical products. For digital products, we can turn to Weebly.com, Wix.com, and SquareSpace.com. For those interested in robotics and coding, Arduino.org, Keras.io, and Raspberry Pi offer a range of resources. And for those who want to create interactive experiences, Flinto.com, apps.bots101.org, and Chatfuel provide the necessary tools. Thingiverse and rebot.me are great sources for finding and sharing pre-made designs and code snippets. With these tools and resources, we can rapidly prototype and test our ideas, making it easier to refine and perfect them before bringing them to market..

[Audio] The Painted App combines the power of PowerPoint with the innovative features of Flinto, allowing us to create interactive presentations that engage our audience like never before. With its user-friendly interface, we can easily design and deliver presentations that are both informative and entertaining. Whether we're pitching an idea, telling a story, or showcasing a product, the Painted App helps us bring our message to life in a way that resonates with our viewers..

[Audio] Talking to our customers is crucial because it allows us to understand their needs and desires. By doing so, we can turn those ideas into opportunities that benefit both parties. This approach helps us build strong relationships with our customers, leading to increased loyalty and satisfaction..

[Audio] Today we are going to explore what customer discovery and validation mean. We will start by asking who our customer is. Is it the end-user? Talking to our customer means understanding their pain points..

[Audio] The life of any startup can be divided into two parts - before product/market fit and after product/market fit. This is a crucial concept to understand when building a successful startup. Before product/market fit, we're still trying to figure out what our customers really want, and we're making adjustments based on feedback. After product/market fit, we've found our sweet spot, and we're scaling our business to meet the demand..

[Audio] Our journey has come full circle. We've reached the final destination, where we've gathered insights from our customers. Their voices have fueled our understanding, guiding us through this transformative experience. As we conclude, I want to express my gratitude to each and every one of you for joining me on this incredible ride. Thank you for being part of this journey..