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Flemming Creativity, Entrepreneurship and Economic Development (CEED) Center

Program and Resources

  • Main
  • Customer Discovery Lab
  • Faculty & Mentors
  • Innovation & Business Idea Challenge
Home Outline

Outline

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Week 1 : Business Model/Customer Development

  • What are the different parts of a business model?
  • What are business model hypotheses?
  • How to test your business model?
  • Get out of the building.
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Week 2: Value Proposition / Customer Discovery

  • What is the difference between idea and opportunity?
  • What is a good opportunity?
  • Mistakes to avoid.
  • Understanding what the customer is telling you.
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Week 3: Minimum Viable Product (MVP) & Product to Market Fit

  • What is MVP? Why do we need it?
  • What features should be included in MVP?
  • How to test product-to-market fit using MVP?
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Week 4: Channels & Customer Relationships

  • Economics of distribution channels.
  • How to acquire/retain customers?
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Week 5: Competitive Analysis & Revenue Model

  • Technology adoption lifecycle.
  • Competitive positioning.
  • What is a revenue model?
  • Types of revenue models 
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Week 6- Next Steps

  • Pivot or Proceed!
  • What is the next step?
The Invent Penn State NSF I-Corps Site is funded by the National Science Foundation Grant No. 1735627

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The Invent Penn State NSF I-Corps Site is funded by the National Science Foundation Grant No. 1735627