Week 1: Understanding the Invention
The following activities take place in week one: 1. The analyst and the BTDM meet. The BTDM makes sure the analyst has a rudimentary understanding of the invention disclosure.
Week 2: Meet with the Inventor
The BTDM, analyst and inventor meet. In this meeting TVC's representatives ask questions that help them understand both the invention as well as the vision of the inventor for the technology better.
Week 3: Value Proposition & Technology Overview
The analyst defines the invention's value proposition and creates a technology overview of the same in layman's terms. These are critiqued in the important weekly "Throwdown" meeting.
Week 4: Market Overview Analysis
Using advanced business market tools, the analyst performs an in-depth market analysis of the invention. They determine what the invention's primary market is, its size and if it is increasing or decreasing.
Week 5: Competitive Landscape Analysis
Using advanced business market tools, the analyst performs an in-depth competitive landscape analysis of the invention. As part of this analysis they generate a list of ten competitors,...
Week 6: Intellectual Property Analysis
From week one to week six the BTDM will have been performing a prior art search and intellectual property analysis on the invention. At week six the BTDM meets with the analyst to discuss his or her findings.
Week 7: "Pass Week"
The analyst sends refined versions of the invention's value proposition, technology overview, market overview,...
Week 8: Priority Rating
The analyst fills out a rating sheet that is used by the BTDM to determine the invention's initial priority status. Inventions are marked as high, medium or low priority.
Week 9: Two-Stroke Document Creation
The analyst combines their final versions of the invention's value proposition, technology overview, market overview,...
Week 10: Two-Stroke Document Revision
The Economic Development team sends their revised Two-Stroke document to the BTDM. The BTDM reviews it, provides insights, adds elements and may ask for revisions.
Week 11: Two-Stroke Document Finalization
The BTDM finalizes the invention's Two-Stroke document.
Week 12: 12-Week Meeting & Invention Stage-Gate
The BTDM, analyst and select TVC employees meet with the inventor to discuss the results of their previous ten weeks of invention analysis (formalized in the Two-Stroke document).
The objective of the 4-Cylinder stage is to identify stakeholders--or anyone who can influence the commercialization of the invention--test assumptions, gather feedback and define critical commercialization milestones.
Pre-Accelerator Task 1
Before a technology enters the Search Accelerator the following three tasks must first be accomplished: 1. Picking a Team. Each team will consist of:
Pre-Accelerator Task 2
Completing the Business Model Canvas. After the team has been selected, they will meet and come up with initial strategies for the nine parts of the Business Model Canvas:
Pre-Accelerator Task 3
Selecting Five Key Assumptions to Test. Because all technologies that enter the Search Accelerator are early, they will consist of little more than assumptions (untested hypotheses).
Team Weekly Accelerator Task 1
The Search Accelerator lasts ten weeks. Each week there are specific team and team member deliverables. Following are the team deliverables:
Team Weekly Accelerator Task 2
2. Test the Week's Experiment. The team tests their weekly experiment by talking to ten people in their technology's market(s) about their technology.
Team Weekly Accelerator Task 3
3. Meet Together. The team meets before the weekly Throwdown meeting to:
Team Weekly Accelerator Task 4
4. Throwdown Presentation. The team must attend the weekly Throwdown meetings. At these, the team delivers a PowerPoint presentation that addresses:
Team Weekly Accelerator Task 5
5. Critique Other Presentations. A vital part of the weekly Throwdown meetings is critiquing the work of the other teams.
Team Member Tasks
Each member of the team has specific deliverables they must accomplish every week. Following are links to those tasks:
Accelerator Goal 1
1. Create a scalable and repeatable business model for the technology that is capable of raising a Series A round of financing. As the team receives feedback from the contacts they interact with each week,...
Accelerator Goal 2
2. License the technology or move it to the Execution Accelerator.
The Execution Accelerator is designed to define a series of progressive milestones for the technology to hit and then help the technology's team achieve these.
Analyst Weekly Accelerator Task 1
1. Schedule ten phone calls. Based on team availability, the analysts schedule ten phone calls to test that week's experiment against.
Analyst Weekly Accelerator Task 2
2. Add to database. Every contact the analysts make is added to that team's Salesforce database. If the contact is a potential licensee, the analyst flags them as such.
Analyst Weekly Accelerator Task 3
3. Conduct ten phone calls. The analysts lead the ten weekly phone calls, each of which is roughly 30 minutes long and is recorded.
Analyst Weekly Accelerator Task 4
4. Upload to Launchpad Central. The analysts upload a summary of each interview as well as the audio recording of the same...
Analyst Weekly Accelerator Task 5
5. Create the weekly Throwdown Presentation. The analysts create the PowerPoint presentation for the visionary to present on at the weekly Throwdown meeting.
Analyst Weekly Accelerator Task 6
6. Attend the weekly team and Throwdown meetings.
Analyst Weekly Accelerator Task 7
7. Watch a one-hour Udacity presentation online.
Mentor Weekly Accelerator Task 1
1. Watch a one-hour Udacity presentation online. The mentors and advisors will be one week ahead of the rest of the team.
Mentor Weekly Accelerator Task 2
2. Read through and critique all interviews uploaded into LaunchPad.
Mentor Weekly Accelerator Task 3
3. Attend the weekly team and Throwdown meetings. At these meetings the mentors and advisors listen...
Mentor Weekly Accelerator Task 4
4. Lead the designing process of the experiments. Based on the results of the previous week's experiment, the mentors and advisors ...
Visionary Weekly Accelerator Task 1
1. Ten phone calls. Although the analysts will lead the ten phone calls, the visionary is responsible for being on every call.
Visionary Weekly Accelerator Task 2
2. Attend the weekly team and Throwdown meetings.
Visionary Weekly Accelerator Task 3
3. Present at the weekly Throwdown meeting. Although the analysts will prepare their team's PowerPoint presentation...