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Virginia SBDC: ICAP Lean Startup Introductory Course – Virtual Cohort

UPDATE: APPLICATIONS DUE OCTOBER 19TH AT MIDNIGHT

Based on the National Science Foundation’s I-Corps? program for Lean Startups, ICAP helps inventors and entrepreneurs take the right first steps in bringing new technologies and innovations to market.

ICAP includes FREE introductory training programs and counseling services offered through ICAP instructors and local SBDC counselors. ICAP helps startups identify potential customers and develop successful business models based on that knowledge. It is an ideal program for early-stage companies trying to prepare for eventual venture investment.

Preferred Sectors

The cohort will give preference to startups focused on the following sectors/solutions:

Cybersecurity

Software | Telecommunications | | Information & Communication Technologies | E-Commerce | Networking & Equipment | Electronics/Instrumentation | Sensors | Materials | Drones | IoT

Important Dates

October 19, 2020 – Applications are due by midnight

October 21, 2020 – 6:00pm – 8:00pm – Introductory Webinar

October 28, 2020 – Acceptance notifications and communication with next steps

November 3, 2020 – 1:00pm – 4:00pm – Customer Segments and Initial Team Presentations

November 4, 2020 – 1:00pm – 4:00pm – Value Proposition

November 5, 2020 – 1:00pm – 4:00pm – Customer Discovery

November 12, 2020 – 1:00pm – 4:00pm –Each team reviews their Customer Discovery Progress over the first week

November 19, 2020 – 1:00pm – 4:00pm – Final Team Presentations

During this introductory program, there is extensive work done outside the virtual classroom. In addition to the virtual class meetings, participants should expect to spend another 10-15 hours per week on customer discovery and course assignments. At the conclusion of the program, you will remain connected with your ICAP adjunct to continue your progress on the Five Steps to Startup Success over the following 6 to 24 months.

The introductory program is designed to generate a maximum impact over a relatively short duration and should be considered a required first step for anyone interested in commercializing a technology or product, whether through a startup or licensing arrangement. Some graduates of this cohort may be eligible to apply to NSF’s Seven-week National I-Corps Program, which includes non-dilutive grants for customer discovery and prototype development. Additionally, this program can help teams develop better submissions for SBIR and CRCF grants from Virginia’s Center for Innovative Technologies.