Dates: 20, 22, 24, 29 of November and 4, 6, 8 of December 2017
Place: Turbine Co-Working – Vivea Business Park – Moka
Application deadline: 5 November 2017
About the program
In the Turbine Inspire program, theory is mixed with practice where experienced entrepreneurs and experts inspire and help you stake out a path forward. The program consists of 6 workshops that run in the evenings. Between meetings, tasks are given with some individual coaching from Sting’s experienced coaches. In the final workshop, all teams present their startups/projects in front of investors. It is the best way to get started if you have an innovative business idea! More details on the program here.
The content of the workshops
The Turbine Inspire program focuses on business-critical areas: business models, sales strategies, barriers to entry, internationalization, financing options, leadership etc.
First session: Startup challenges (20/11/17)
– Business Model Canvas
– Minimum Viable Product
– Customer segment & Value proposition
2nd Session: Get ready (22/11/17)
– Sales training
– NABC approach (Need/Approach/Benefit/Competition)
A guest speaker that will focus on sales success and failures.
3rd session: Let’s get started (24/11/17)
– Team Building
– PR & Communication
– Budget & Simulation scenarios
A guest speaker that will focus on team building and marketing.
4th session: coaching session (29/11/17)
Evening homework session with dedicated coaches.
5th session: Protect and finance your business (4/12/17)
– IPR – protect the business
– Pitch training, content & techniques
– Funding for growth
A guest speaker with focus on fund raising experience
6th session: Grow your business further (6/12/17)
– Internationalization – how to scale your business further
– Confirm your unique value proposition
– Set up the final version of your business plan
7th session: Final (8/12/17)
– Pitch final!
Turbine Inspire Program is a hands-on training program for teams with early-stage start-ups that want to get support to sharpen their business models and start scaling their businesses.
Your business idea should be aimed at an international market and be scalable. The program is based on Business Model Canvas, a strategic template for the development of business models. It is a popular tool used by entrepreneurs across the world.
Who can apply?
We welcome people/teams with business ideas in all industries. The program is aimed at individuals with an innovative business idea/startup with the potential for growth. Scalability is also an important element and you should have a desire to start a business around the idea. We like to see teams with two to three people and a gender mix. 10-15 projects are accepted to each round.
The Turbine Inspire program is free. You contribute with your own time, commitment and passion.
As a requirement to attend the program, all participants and organizers sign a confidentiality agreement. Turbine is committed to protect all business ideas, and dedicated to support the entrepreneurs to be the leaders who will transform this idea into a successful business. No information on the business concepts, technologies or names of participants may be spread outside the program without the consent of the participant in question.
Check out a few articles about Inspire 2017:
Overview and aims
The Turbine’s Inspire programme is a business readiness course that is offered three times a year over the course of seven weeks.
Inspire encourages and helps participants to start their own businesses.
It is aimed at aspiring entrepreneurs with promising ideas that have not yet been developed in depth, and for which a strong business case has not yet been made.
Inspire helps participants prepare and present a business model; assess the viability of their business concept; and make an informed decision about whether to start building a company or not.
In practical terms, the course helps entrepreneurs:
- refine or create a business plan;
- assess potential areas of difficulty in their projects; and
- learn to present their project in a way that stands up to potential investors’ scrutiny.
How it works
The course takes place over a seven-week period. 15 aspiring entrepreneurs take part in each edition.
The course consists of seven weekly workshops lasting four hours each and covering the elements of a persuasive business model.
Each workshop includes tutorials, talks by successful entrepreneurs, group work, and time allocated for individual work on each participant’s business idea.
Each entrepreneur will also be assigned an individual business coach from the Turbine team. They will work with their coach to establish an individual development plan at the outset of the Inspire programme. Their progress will be tracked against their development objectives until the course’s conclusion.
A few weeks after the course has ended, each participant will review their goals, assess their achievements and discuss next steps with their coach.
After the final Inspire workshop, candidates will be invited to pitch their business idea to a panel of investors who will provide feedback on their presentation.
They will also have an opportunity to pitch to members of the Turbine team. A successful pitch will allow them to enrol in the Incubate programme, if this is of interest to them.
How to apply
The Inspire programme is free of charge for participants.
It is offered three times a year over the course of one month.
Participants can apply for the scheme directly via the Turbine’s website. Each application is subject to review by the Turbine’s team.