inRes 2016: Structure and Schedule
inRes will have a preparation period in Portugal, followed by a seven-week immersion in the U.S.A., both at Pittsburgh and Silicon Valley, and will close with a final presentation of the results back in Portugal. The immersion will be provided to two team members for each entrepreneurial team, who will do the immersion together with the selected team members from other entrepreneurial teams, collaborating in some activities, and working individually and/or with distance support in others.
Phase 1. Preparation in Portugal
inRes starts with a Preparation phase in Portugal, from June to September, 2016, in which the teams will work together with inRes experts to:
- assess and improve their product/service and business concepts to a point that will allow them to take full advantage of the immersion;
- prepare their pitches for the multiple situations of communication that they will face throughout the immersion;
- develop a customized and detailed outlook and plan for the immersion in Pittsburgh, anchored at CMU.
Schedule of the Preparation Phase (Portugal)
||Jun 30-Jul 1, 2016
INESC TEC, Porto
|Jul 7-8, 2016
|Jul 20-21, 2016
|Sept 6- 7, 2016
João Claro & Alípio Torre
(Project Olympus, CMU)
Program Overview Customer Development Financial Analysis
Art of Pitching Value Proposition Venture Deals
Strategic Assessment Market Research CMU Ecosystem
|Pitching Communication Skills Immersion Outlook and Planning
The kick-off meeting will be, first of all, an opportunity for everyone in the initiative to get acquainted. The meeting will be used to discuss logistics, provide an overview of the months ahead, meet teams with similar experiences, and discuss the basics of defining, assessing and communicating needs, customers, markets, and products/services.
The preparation sessions in Portugal will include seminars on topics relevant for technology commercialization and the management of early stage high-tech new ventures. Examples of topics that may be covered include product/service value propositions, market and competitive assessment, technology assessment, intellectual property management, operations and distribution, strategic assessment, financials, funding, and legal aspects, among others.
The sessions in Portugal will also include one-on-one meetings with the Portuguese team running inRes, as well as visiting CMU and Pittsburgh experts. In these meetings, the teams will receive specific feedback on the work that they are carrying out, including the information they are collecting, strategic input on the project, and orientations for future work.
Phase 2. Immersion at Carnegie Mellon University
The seven-week immersion period anchored at CMU’s campuses in Pittsburgh and Silicon Valley, will start in September, 2016, and consists of three interconnected streams of work: networking and business development, internship at an accelerator, and a training program.
During the immersion period the inRes teams will participate in events and activities, as well as work with their mentors, to: iterate, validate and enrich their product/service and business concepts; develop a portfolio of contacts with future potential customers, suppliers and partners; and identify and engage advisors.
Networking and Business Development
Networking will consist of active engagement with the mentors and faculty, as well as experts within and throughout the Pittsburgh and Silicon Valley communities. Networking sessions will be implemented through one-on-one interactions in group settings within the communities and the ecosystem of the university. Additionally, various networking events such as luncheons and/or dinners, and existing events that generally occur within the communities, will be offered to the participants.
The business development module will be implemented through a series of workshops and seminars developed for inRes, as well as general workshops and seminars that currently exist within the CMU environment. For example, there will be opportunities to interact with various experts in areas such as legal, marketing, sales, and technology. These experts will provide general information, as well as more specific information relevant for startups operating in the regions of Pittsburgh and Silicon Valley.
Internship at an Accelerator
Each inRes team will do an internship at an accelerator in Pittsburgh that fits its technology and application focus, to work side by side with local startups, and learn from sharing problems and solutions, in particular regarding the managerial challenges in leading early stage high-tech startups.
This experience will provide moments for engagement with other businesses within the Pittsburgh region, allow the inRes teams to be immersed in the culture of the accelerator, provide occasions to conduct business, and allow engagement with all the activities that occur within the accelerator.
The inRes teams will meet as a group for classroom-based activities, including: periodic meetings with mentors and/or faculty members to share, discuss, contextualize and learn from their progress; and workshops and seminars focused on topics in managerial capability development for early stage high-tech startups (pitching, customer development, hiring and developing a team, operations, budgeting and funding, building and leading a board, personal management, among others).
The training program aspect was designed to provide an environment of continual growth and information sharing through classes and workshops. These classes and workshops will be a mixture of activities of existing programs and some specifically designed for the inRes teams. For example, the participants will be exposed to existing classes that are taking place in the Center for Innovation and Entrepreneurship through the Tepper School of Business.
Phase 3. Closing Session
A public final session, when the inRes teams return to Portugal after the immersion, will provide an opportunity for showcasing the projects and the results achieved through their participation in inRes. The public final session is going to be held in December, 2016.