During Founderfest

What is the Agenda for the weekend?

Day 1 – Networking, Pitch, Team, Choose a Project, Attend Workshops with leading Mentors, Develop Solution and Create a Lean Business Model

Day 2 – Refine Solution and Business Model through Validation and Develop Minimum Viable Product

Day 3 – Pitch Preparation and present Final Pitch to Judges and audience, then Celebrate your achievements.

Refer to the ‘Agenda‘ for full details

What type of idea can I pitch?

Any NEW business ideas are eligible (whether for profit, ‘social’ businesses, non-profit, etc). The focus is on innovative solutions to problems. You cannot pitch an existing business idea.

What if my idea doesn’t get selected?

That is no problem! There could be up to 45 ideas pitched and only 15 will go forward initially. Some ideas may be similar and could be consolidated together. Listen to all of the pitches and join a team that has an idea that you are interested in and where your entrepreneurial character type is required.

How are teams formed?

After the pitches, teams are formed organically, with one participant from each of the Entrepreneurial Character types in each team, ie a Hipster (Creative), a Hacker (Technical) and a Hustler (Business/Sales).

What resources/assistance is provided over the weekend?

A key part of Founderfest is the valuable advice and assistance provided by the event’s Speakers and Mentors. We try to keep the talks short and sweet, focusing on practical issues that can actually help you and your team better achieve your goals. Mentors – community experts in various fields ranging from entrepreneurship, software development, graphic design, marketing, finance, law and more – dedicate their time to providing advice and actually rolling up their sleeves and working with teams. In addition to the most valuable resources at the weekend (the people), we have also put together a list of some of the most useful resources in all startup-related fields, for both during and after the weekend. We’ll give you a copy on Day 1.

What is the goal of the weekend?

There is no exact checklist, but it is worth considering the Judging Criteria as a guide:

  • Customer Validation (did you speak with customers and listen to them?)
  • Execution and Design (what did you build, do you have an MVP?)
  • Business Model (do you have a plan for the future?)

As for presentations, it is worth considering the following:

  • Wireframes or fully developed websites
  • Mobile Apps (from mock-ups to skeletons to fully functional)
  • Slide Decks (Powerpoint, Google Slides, Prezi, etc)
  • Videos (such as product demonstrations, etc)
  • Live product demos
  • Skits

Why is it a competition?

Competition is not the central theme of the weekend. If and when the competitive aspect comes into conflict with the positive atmosphere we try to cultivate, we consistently choose the latter. We do believe, however, that friendly competition is beneficial to all parties and, most importantly, more accurately reflects the realities of startup life. Just as it is important to gather ‘real-world’ feedback over the weekend, it is also important to have real-world pressures and obstacles.