Do you have an idea and want to start your own business?
For many years, the common assumption was that a start-up is simply a small version of a large company, and so people have attempted to apply the principles of how to run an enterprise to get their start-ups going. This approach has met with varying degrees of success.
To help you get your ideas off the ground as part of the MK:Smart Initiative, University Campus Milton Keynes ( UCMK) will be launching a New Enterprise Development programme which will focus on how to create and sustain a technology start-up business. This will provide the necessary skills and knowledge which are critical in developing a new enterprise around a great technology product/service/idea. The course will be fronted by Professor Colin Bradshaw who works with many startups and has led many SME businesses. Professor Bradshaw is delighted that the course will also feature the Urban Start Up Lab which employs design thinking and the Lean Startup methods, and which will be run by Prof Gerd Kortuem (Professor of the Internet of Things at Delft University of Technology) and Jyoti Banerjee, a senior partner at Fronesys, entrepreneur and investor.
Urban Startup Lab is a practical, hands-on and hugely interactive workshop for entrepreneurs who want to prosper and succeed.
Fronesys uses a data-led business canvas to shape the working of the Lab.
The business canvas outlines a journey for a typical start-up:
- Identification of the target customer
- Identification of the problem the customer wants to solve
- Co-creation of potential solutions to the problem
- Encapsulation of the target solution in to a product or service
- Identification of channels to deliver the product to the customer
- Revenue models
- Cost models
- Using metrics to manage the startup process
We don’t just give you the theory. We provide tools that are proven in helping startups build valuable businesses. These tools include the best thinking from lean startups, design thinking and customer development:
The Lab is suitable for entrepreneurs with a wide range of backgrounds. It is primarily designed for those with a business or software background, but is equally suited for those with any other background (engineering, social science, design, …). The key requirements for the Lab are the willingness to work in teams, the desire to build a solution or business that addresses a real need felt by customers and the work ethic required to drive a business idea forward.
Please note that whilst the programme will focus on technology start-ups, this approach is applicable to start-ups or developments in other areas.
i. Urban Start Up Lab Part I 14 / 15 November
ii. Business Formation and Finance and the Business Plan 21 / 22 November
iii. Entrepreneur Leader Collaborator / Stakeholder communications 28 / 29 November
iv. Economic dynamics of business / Market and Customer strategy 05 / 06 December
v. Urban Start Up Lab Part II 12 / 13 December
The course will be run in two days sessions at the UCMK Campus (University Campus Milton Keynes, 502 Avebury Boulevard, Milton Keynes, MK9 3HS) and each day will start at 09.00 and finish at 13.00 lunchtime (except for the Urban Startup Lab which will run from 09.00 to 17.00 on its days) to allow you time to grow your business whilst you learn with us and each other.
The course is normally priced at £1,500 (plus VAT) but this is its first run, and we are offering a special 100% discount so that your only investment is your time and enthusiasm.