Last night I took part in the "Get a Mentor
" part of the Innovation ACT business model competition
, held at Canberra Innovation Network's office. The Innovator ACT Mentors
, each sat at a table (I am a mentor
). Each team of higher education students then had five minutes to tell a mentor about their project. At the end of five minutes the teams moved to another mentor. The mentors noted which teams they wanted to work with and teams which mentors, so they can be matched up. This was an exhausting, but interesting experience, a bit like speed dating (not that I have tried that).
Some questions I kept asking teams were:
- What is the product or service?
- Who is the customer?
- Who is going to pay you?
- Are there more people on your team?
- Have you considered looking for a market beyond Canberra's university students?
- Is this another Mobile Internet App?
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