Young companies are particularly vulnerable in their early/start-up years. A significantly higher percentage of inexperienced entrepreneurs trying their luck at starting companies means lack of exposure, maturity, resources, experience, network, corporate governance knowledge etc. More often than not, entrepreneurship education turns into ‘storytelling.’ PadUp has developed a customized methodology to help acquire Entrepreneurship skills at all levels which is beyond ‘storytelling’. The key elements such as user centric approach, lean startup philosophy, learning while doing, models to build innovative solutions to real, emerging and futuristic problems, are at the core of teaching entrepreneurship. The process is an open, comprehensive and proven approach with a real-life perspective. At PadUp we believe, Entrepreneurship is a CRAFT to build innovation thru inherent skills, creativity and desire to learn. LIKE ANY OTHER CRAFT, IT IS A PROCESS THAT CAN BE LEARNED AND PRACTICEDTHRU A STRUCTURED MENTORSHIP.
BootUp Entrepreneurship Bootcamp is an intensive entrepreneurial journey that unfolds across 14 weeks.
BootUp is a validation or re-calibration program designed to overcome all the challenges faced by entrepreneurs while they are starting up or at an early stage. It ends in a market validated proof of concept.
BootUp is designed to help entrepreneurs understand the nuances of entrepreneurship as well validate their business idea/proposition through a process that is customer-centric and based on lean startup principles.
The participants will undergo action learning to applying it in real time, through weekly interactive live coaching sessions with PadUp Chief Mentor, group and one-on-one mentoring with PadUp's super mentors and assignments to translate learning in a actionable business plan.
The participants will also enjoy virtual interactions with some of today's leading innovators and entrepreneurs who double up as Expert Mentors. The program culminates into a Demo Day where the start-ups pitch to Investors for Angel or Seed monies.
As Entrepreneurs work to develop new ventures from start to finish, the program will culminate into a comprehensive pitch-ready business plan. This is an intensive program for highly motivated individuals and teams who want to put their idea to the test and answer this question: Does this idea have real market potential, and if so, what is it and how can it be pursued to create a sustainable scalable business.
The BootUp Validation program lasts for 14 weeks from the beginning of the program.
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Proof Of Concept creation
To build a solution and test the Business Model with a selected Customer Persona to showcase a Proof of Concept.
During the Incubation program, the Startup will undergo Masterclasses which are monthly interactive sessions covering topics like, Design Thinking, Scalable Business Planning, Sales and Marketing Strategy and Engaging with Investors.
To acquire real customer and generate real revenue, Mentoring is essential as most startup teams lack the ability to effectively reach out to engage with customers and hence they need assistance to get access to markets beyond just a persona. Further, it is extremely important to monitor startup progress to make necessary changes periodically. The Program is based on structured mentoring and periodic monitoring to build a Scalable business model.
PadUp Ventures is re-defining incubation with its deep mentoring program with StrapUp. The strength lies in our wide network of Affiliate Mentors, leaders from different industry domains with decades of business & management experience who handhold the startups during their journey to build Scalable business once it is validated.
With clear effective strategies, real customers, well-defined revenue stream, a monthly MIS to ensure the startups keep moving and course-correct if need, post StrapUp, the start-up would be ready with a scalable business plan for itself and investors.
The StrapUp incubation program will be for 3-4 months.
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Minimum Variable Product Traction
Post seed investment, the logical steps for a start up are to roll out commercially and generate revenue through a sustainable business plan. As a part of Padup’s Acceleration Program called "RevvUp," start ups will receive intense training & handholding for nine months. This is to ensure that the start up goes from potential customers in a beachhead market to real customers in an expanded
During the acceleration program, startups will receive ‘unlimited mentorship’ in person and/or remotely. Once the start ups receive the requisite funds, the mentors responsibilities are higher as they not only have the moral responsibility for the start ups’ growth but also to help start ups use the funds in an appropriate manner to avoid any unethical practice; and for them to last as long as possible.
RevvUp helps start-ups show traction and scalability. The skills required are generally missing and hence it is important to handhold the start-ups through this critical phase. Here, PadUp Expert Mentors help to get access to larger markets to build a scalable business. PadUp mentors closely work with start-ups to build market strategy to lower customer acquisition cost, an ecosystem and value chain through strategic partnerships and open innovation, create opportunities for further scaling and engage again with investors community for raising growth funds.