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A new competition--part of the Startup America effort launched by the Obama Administration, and spearheaded locally by Caltech, USC, and UCLA--said today that it is looking to award $200,000 in prize money to university students with clean energy business ideas. The competition is being funded via $360,000 grant from the U.S.
Last week, the University of Southern California 's Viterbi School of Engineering announced that it had established a new, business plan competition, the Maseeh Entrepreneurship Prize Competition ([link] specifically aimed at students in the engineering school. Why a business plan competition, and why in engineering school?
This time, Frank gives the Top 10 Ways to Win a Business Plan Competition. I'm a judge in a local university's business plan competition. Over the past few years I've been involved in different ways in the UC Irvine, Paul Merage School of Business, Business Plan Competition. They came in 2nd place. They came in 2nd place.
The competition is in its second year. In addition to the funding and equipment, Sony said it helps connect winners with a group of female mentors. According to the company, its Alpha Female Creator-in-residence Program is aimed at helping advance the careers of female photographers and filmmakers. READ MORE>>.
He lived the philosophy that companies must be paranoid in order to survive, and continually disrupt their own markets to prevent overrun by competition. That means making sure you are utilizing coaching and mentoring, as well as training to keep up with changes in technology and the marketplace.
The University of Southern California and wealthy engineer Fariborz Maseeh , now a hedge fund manager in Newport Beach, is announcing this week a $1M endowment, which will fund an annual, $50,000 prize for a business plan competition for the school's engineering students. affiliated event focused on spreading innovative ideas. READ MORE>>.
Why is it that only the most successful entrepreneurs , including Mark Zuckerberg, Bill Gates, and Richard Branson, admit to having a mentor and actually use them? Obviously, I’m a big fan of business mentors based on my own experience, since I have been at different times on both the contributing and receiving end of the relationship.
Freelancers and consultants have to demonstrate results, without training and mentoring, so they can help you more quickly and probably at a lower total cost. Prioritize demonstrated execution versus potential. Career hiring has traditionally focused on potential, but you need results now. This lets you evolve your strategy with the market.
Competitive (Athlete: skier & rowed at Princeton, hates losing at everything she does). Wonderful human being who is civically engaged, mother of 3, mentorer of younger founders, hard worker and arguer extraordinaire (so says her current Twitter bio). She is a coach and mentor to team members.
With over 350 participants expected, teams will compete in a 2-day coding competition to make local government more accessible and citizen-friendly while also getting a shot at fame, civic glory and cash / tech prizes totaling more than $20,000.
leadership, mentorship, competitiveness, communications, relationship-building?—?and The core of the investing job of course is investing dollars into startup companies and helping as a mentor, advisor and board member on the companies in which you’ve invested. She had all of the skills and traits we sought?—?leadership,
In this context, even “satisfied” is only a “meets-minimum,” and does not put you ahead of your competition. Feedback from the field shows that a successful collaboration , whether with customers, employees, vendors, or other business partners, will make your company stronger and more competitive in the marketplace.
There is a large menu of startup accelerators in the Los Angeles, but one of more established efforts in the area is LaunchpadLA ([link] The effort actually started as an informal mentoring program, but has grown and expanded to follow the accelerator model. We're really excited for the next steps. Sam Teller: Great question.
When you’re in a competition and on the spot, answering questions to industry experts can be a nerve-wrecking process. This competition required the team to answer “…questions on a Food and Nutrition data set that contained 28 features and 30,000+ rows. This article is courtesy of the Galvanize blog.
Local mentors matter. I figured if we couldn’t fund every company locally we should at least embrace them as a community and show that we’re willing to mentor them whether they raise their money in town or not. No – I’m not worried about the competition. Local capital matters. So what can a community do?
btw: xitca-web (bench code not including dependencies) does not do 2,3,5 and still remains competitive in micro bench can be used as a reference. Context and use case determines how you optimize your code. synopse I have written a blog post about TFB and object pascal - yes, we added our object pascal framework in round 22!
Department of Energy to help foster student entrepreneurs via a business plan competition run by the group called First Look West. The new effort, led by Caltech's Resnick Institute, is hoping to tap into OnGreen's network to find mentors to guide student groups and clean energy projects.
Investors are very focused on diligence, on business models that make sense, and those companies that have a definite competitive advantage and defensibility to what they're doing. They have to understand their markeing plan, know the competition, their competitive advantage, and how they are going to sustain that competitive advantage.
The core message is that real innovation and competitive advantage are more people-based than product or process-based. Every good entrepreneur needs a people-centric focus to ferret out creativity and innovation in his team, and to build a sustainable competitive advantage. The “how” is always revealed in time.
I was having a chat with an entrepreneur who I really like and who I try to mentor from time-to-time. If you’re hot you might be able to push this down to 15-20% depending on the investor and the competition. He has an interesting business and one that has a viable shot at being an innovative & profitable business.
The only “sustainable competitive advantage” in business is self-awareness. Most successful business leaders, including Richard Branson and Bill Gates, regularly called on their mentors, Freddie Laker and Warren Buffett, to test their perception of the right questions to ask, and the right issues to tackle. It’s a recipe for disaster.
You will learn about our annual Business Competition, an opportunity to accelerate your cleantech startup with expert training, national visibility and up to $250,000 of cash and services. Beyond great networking, the event will include a brief presentation about how you can get involved as a volunteer, mentor, judge or more.
” Most VCs view it as their responsibility to mentor, debate, cajole and generally assist with investments they make. Thus, a desire to invest more locally where I think I have a competitive advantage. Before I explain, let me give you some backgrounds why it’s harder to raise money if you live outside “the zone.”
Take advantage of free startup programs and mentors. They provide peer group organizations, usually called incubators, with free resources, practice environments, and outside mentoring that can help you learn and pivot with minimal cost. Write a business plan and pitch deck for learning.
In my role as a mentor to aspiring entrepreneurs, I find that most have the technical challenges well understood, but many are a bit short on some basic street smarts , or basic business realities. Intellectual property is required for a competitive edge. Even the best college degree is not a substitute. Neither is good.
He’s an incredibly smart investor and somebody that I actually consider to be a mentor to myself. Competition is fierce. The only thing worse than not being in a clubby deal where you might get to build a close personal relationship with somebody you deeply respect is being the sucker of that person you deeply respect.
Utilize outside expertise and mentoring. No matter how much energy, experience, and passion you have, there is always more you can learn from an Advisory Board of external experts or a mentor. Track competition to stay ahead of copycats. Track competition to stay ahead of copycats.
She speaks from years of experience mentoring and facilitating independent contractors and helping large companies, since well before the term “gig economy” was even coined. As a new business advisor and mentor myself, I enjoyed her recommendations on many of these issues. Know your competitive value.
They've got a program called Springboard, which helps really young companies get set up with mentors, and guides you through the startup process. They act as mentors and help companies grow. Back to the service itself-- you've got lots of competition in the space, how are you going to get above that noise?
There is nothing more inspiring than seeing the results of your mentoring and leadership. Love that sustainable competitive advantage. Working on that unique design, or completing the breakthrough for an innovative patent, are moments of inspiration that you will never forget, especially if they become your competitive edge.
Get connected to the right mentors and your business may catapult to the next level. I figured if Matt was on the verge of bankruptcy and one mentor changed his trajectory, what if we had a formalized, community-wide program? o Put a timeframe/money – competition in the picture. The answer? Something so simple.
Similarly, it will be very satisfying to see the productivity increases from your leadership and mentoring. Watch that patent provide a real barrier to competitive entry. Overcoming obstacles and learning is one of the biggest inspiration for most entrepreneurs. Enjoy watching key members of your team grow from followers to leaders.
As a mentor, I’m regularly frustrated by people who try to cover their lack of confidence with ego and arrogance , rather than working on the base issue. Show that others are an inspiration, not competition. Confidence and self-esteem are critical to your success as an entrepreneur, or any business role.
In my own experience as a startup advisor and mentor, I find that entrepreneurs who can’t attract and maintain a highly motivated team rarely even get off the ground. Good hiring, training, and mentoring are the best motivators. If you can do it, motivation can easily be your biggest competitive advantage. Start today.
I acted as the occasional mentor, advisor and coach to Ethan. In the same year they won Business Insider’s Startup competition. The company was called Red Beacon. I was standing with him when he won the TechCrunch 50 award. RedBeacon was the 3rd winner (year 1: Yammer, year 2: Mint.com) – not bad company. Nice sweep!
In these days of rapid change, the pandemic, and worldwide competition, you need to make sure your entire team is customer-focused, innovative, and always looking around the corner for the next big thing. Find folks who are customer-centric and sensitive to competition.
Ironically, as a startup investor and mentor, I have seen too many failures caused by just the opposite – too much money spent too soon, taking time to get product perfection, and assuming customers will wait. How entrepreneurs respond to these will become a larger and larger determinant of startup growth, competitive position, and success.
Access to entrepreneurs-in-residence, business mentors. Most schools have a rich pipeline of real-world executive volunteers available for mentoring. These also get used for guest lectures in business classes, judges for business plan competition, and introductions to accredited investors.
I call this linear thinking , and it’s a sure way to be ultimately overrun by your competition. One way to do this is to nurture mentoring relationships with experts in other disciplines, as Bill Gates did with Warren Buffet. You need to see these as opportunities for growth and a chance to get ahead of competition.
In my own experience as a startup advisor and mentor, I find that entrepreneurs who can’t attract and maintain a highly motivated team rarely even get off the ground. Good hiring, training, and mentoring are the best motivators. If you can do it, motivation can easily be your biggest competitive advantage. Start today.
The core message is that real innovation and competitive advantage are more people-based than product or process-based. Every good entrepreneur needs a people-centric focus to ferret out creativity and innovation in his team, and to build a sustainable competitive advantage. The “how” is always revealed in time.
Based on my experience and a business advisor and mentor, this is the ideal time to get back to the basics of business leadership and innovation. Be sure to tie changes back to the “why” – customer value, business objectives, and competition. He considers mentoring on of his most critical roles at work.
I’ve always wondered if there was some way that I could quickly deduce a new entrepreneur’s “sweet spot,” and optimize my mentoring to those strengths and weaknesses, maybe similar to the Myers-Briggs type indicator for business professionals. Ultimately, most get the best help from business advisors and mentors. Opportunist.
1) Get A Mentor. "I " When asked about the competition he feared most, Bill Gates is alleged to have said, "the two guys inventing away in a garage somewhere." Note: This is an installment in the Iconic Advice series. Other installments include: Jeff Bezos , Steve Jobs , Richard Branson , Walt Disney and Michael Dell.
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