Last week, Spacecubed and HBF held the first of three scheduled HBF Activate masterclass sessions as part of the programmes design phase, presented by Andrew Hall.
February 23, 2018
The HBF Activate programme follows three main stages;
Masterclass #1 - Design thinking and lean startup
Masterclass #2 - Developing a business model
Masterclass #3 - The Perfect Pitch
54 hour hackathon where ideas will be prototyped, tried and tested
Top ten ideas will be invited to HBF Head Office for private pitch session
Cohort of up to 3 startups chosen from hackathon and pitching finalists
$30,000 seed funding for a 6% stake in equity
10 week intensive accelerator for winning teams including expert mentorship
Focus on developing vision, strategy and executing idea
Dedicated 24/7 workspace at Spacecubed
Experienced investor and Director of the Founder Institute in Perth, Andrew Hall called upon his 20+ years of experience in growing startups and investing, to help clarify the key steps in the ideation phase of a business.
“We were privileged to have Andrew Hall join us as part of the first HBF Activate masterclass,” said Tom Riordan, Spacecubed’s Programmes and Partnerships Manager.
“Sharing his 20+ years of experience in growing startups and applying the lean methodologies and design thinking to uncovering real customers problems, it was the best way to begin our Design phase (Masterclass phase) on the programme,” Tom continued.
With over 70 attendees at the first masterclass, Andrew explained the lean startup approach, detailing how ideas should aim for the clouds, but get there in small bite size steps.
At the end of the masterclass, with Minimal Viable Product and launching early explained to be benefits on the early startup journey, Andrew Hall set attendees with the following homework;
Talk to your target market and confirm:
How does your solution fix these problems?
Conduct 25+ business to customer (B2C) interviews
Conduct 5+ business to business (B2B) interviews
Attempt the lean canvas
Masterclass two will take place on Thursday where established Venture Capitalist Matt Macfarlane will explore Developing a Business Model in detail. This masterclass with experienced WA IT entrepreneur and Venture Capitalist is not one to miss and could hit home what you need to do, in order to create your new business, innovating the health sector.