Swiss ep 2025 - action plan session - team 5.1
Short Summary:
Team 5.1 of the Swiss EP 2025 project proposes a "Collaborative Incubation Program" to improve the quality of startups by reducing the number of incubators and focusing on a select group. This joint program will involve corporations, incubators, the government, and mentors, providing comprehensive training and mentorship to 10 chosen startups. The program aims to produce capable founders with proven business models and products ready for commercialization, supported by corporate partners. The estimated cost is $1.5 million, with initial funding secured.
Detailed Summary:
The transcript details Team 5.1's action plan for improving startup incubation within the Swiss EP 2025 initiative. The plan focuses on enhancing the quality of startups rather than quantity.
Section 1: Problem & Solution: The team identifies a gap in the quality of startups emerging from existing incubators. Their solution is a "Collaborative Incubation Program," a joint venture involving corporations, incubators, the government, and mentors. This program aims to consolidate resources and expertise to support a smaller, more carefully selected group of startups.
Section 2: Program Details: The program will involve a rigorous selection process, culminating in the selection of 10 startups by month two. A two-month recruitment phase will precede the program launch. The program itself will span six months (months 2-6) of training and mentoring focused on business model development, founder capabilities, and product refinement. The following six months (months 6-12) will involve collaboration with corporate sponsors to assess the startups' potential for commercialization and provide ongoing support.
Section 3: Outcomes & Costs: The desired outcomes are capable founders with proven business models and products ready for commercialization, facilitated by corporate partnerships. The estimated cost is $1.5 million (1.5 billion in the local currency), with an initial $25,000 already secured from FIA. The team expresses gratitude for this initial funding, referring to it as "sugar on top."
Notable Quotes: While no direct quotes are grammatically perfect, the essence of the team's approach is captured in their repeated emphasis on improving the quality of incubators and startups, rather than simply increasing their number. The phrase "capable founders" is repeatedly used to highlight the desired outcome. The team also highlights the importance of corporate sponsorship for long-term success.