Back by popular demand, there’s another ICAP Startup Bootcamp coming your way!
The Innovation Commercialization Assistance Program—or ICAP Lean Startup Bootcamp—is returning to Hampton Roads this in 2019. The program will be held quarterly with the first one starting January at the NSU Innovation Center (opening soon in downtown Norfolk). Subsequent iterations will be held at other venues around Hampton Roads, with ODU’s Institute for Innovation and Entrepreneurship continuing to be the primary organizer.
The ICAP Startup Bbootcamp is a phenomenal experience, especially for early-stage startups, but space is limited so apply today!
The program was previously held in Spring, Summer, and Fall of 2018.
The free introductory ICAP course helps startups identify potential customers and develop successful business models based on a process called “customer discovery. It’s an ideal program for early-stage companies trying to prepare for eventual venture investment.
Based on the National Science Foundation’s I-Corps program for Lean Startup, the course aims to help inventors and entrepreneurs as they start the process to develop new technologies and innovations and launch them into the market.
Participants learn about the business model canvas, customer development, value proposition design, and customer segmentation.
Teams who successfully complete the program have the opportunity to become ICAP clients.
“We will be direct, open and tough — just like the real world,” states the syllabus. “… as entrepreneurs, you need to learn and evolve faster than you ever imagined possible.”
Bob Smith, director of ICAP, says it’s all about the teams learning the fundamentals and building a business model.
“We introduce them to the concepts and then they can work with local partners to get ready for what investors want,” Smith said.
Teams conduct at least 20 customer and competitor interviews and test their hypotheses regarding possible customer interest in their products and services.
Additionally, this program can help teams prepare for opportunities like the RISE Challenge, 757 Accelerate, Start Peninsula, or our very own (StartWheel and ODU) bi-monthly 757Pitch competition. As well, teams are better equipped to develop submissions for SBIR and CRCF grants from Virginia’s Center for Innovative Technologies.
The program is supported locally by Old Dominion University, Norfolk State University, George Mason University, Virginia SBDC, 757 Angels, 757 Accelerate, and 757 Seed.
Find out more about Hampton Roads ICAP on the program’s official website!
StartWheel is looking forward to many future ICAP cohorts in Hampton Roads. You can be sure we’ll keep you informed if this and other similar opportunities as they appear on our radar.
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StartWheel’s mission is to centralize and mobilize efforts that foster the growth of entrepreneurism in our regional innovation economy. We aim to support and cultivate an entrepreneurial network in HRVA where talent, resources, information and leadership come together.