Venture Challenge Registration

Please download the following 5 files to begin working on the Venture Challenge. Our submission deadline will be announced once the challenge begins, if you have questions about completing these challenges, please email rsalts@launchsa.org or attend one of the Idea Labs once they are scheduled.

Challenge 1 – Stage Identification

Challenge 2 – Annual Report

Challenge 3 – Milestone Map

Challenge 4 – CashFlow Runway

Challenge 5 – Video + Pitchdeck

As our registration process is now open year round, we will send an email to all registrants when the 2018 Challenge begins – likely in January. For more information, visit our website: www.launchsa.org. Idea Lab Information Sessions can be found at www.launchsa.org/events once posted.

 

Thank you,

Launch SA Team

  • Registration

  • Venture Information Stage Assessment


  • 1. Concept / Idea – we have an idea for a good, a service and etc. Our idea will deliver desired benefits (meet a need, solve a problem, satisfy an ambition) for at least a few other people we can clearly define, identify and engage.

    2. Design / Prototype – we’ve defined a consistently produceable combination of resources we can test out with potential customers. The prototype is being designed and/or testing to be an affordable product to make and service as well as be easily replicable enough to scale production; (Pivots) – we’re in redesign making better product to market fit uses.

    3. Minimum Viable Value & Validation – several or more customers have paid us a marketable price and used our product with satisfaction; and/or, customers used our product to achieve new and/or unexpected benefits upon which we’re now building.

    4. Scale Production / Distribution – our product is being profitably sold at substantial scale to our customers in a definable market through a consistent distribution method.

    5. Maintenance Upgrades / Product Suites – our product is at or near maximum market penetration and we’re improving/sustaining


  • 1. Discovery (Customer) we know WHO is qualified for our product by WHAT their needs, problems, ambitions are AND that they can pay to achieve benefits; (Market) we know HOW MANY above qualified prospects are able to pay us in targeted segments WHERE our product can easily reach them.

    2. Validation – (Customer) we are proving individuals can afford and purchase our product at a profitable price; (Market) we know if our product is entering a new or existing market and are proving how to be successful serving/retaining customers in it.

    3. Creation – (Customer) we have well-defined customer segments that consistently demand our product; (Market) there is growing demand for our product in existing customer segments and/or new customer segments are emerging.

    4. Building – (Customer) we have a growing community of highly satisfied champions and referrer customers; (Market) our formal relationships with market partners are improving sales, network and system efficiencies and adding barriers to competition.

    5. Dominance – (Customer) we are leaders in customer satisfaction for our product and benefits; (Market) we own leading marketshare(s) with defensible barriers to entry.


  • 1. Founder Vision – we have one or more founders with a clear vision of our venture by what we intend to accomplish in product and/or customer and market success.

    2. Core Team Talent – we are/have enough people with key skills needed in place to drive initial product and/or customer and/or market development progress; our venture builds ad hoc relationships with desired investors/ advisers/partners.

    3. Delegated Teams / Informal Systems – we have replaced founders’ direct efforts in leading key product, customer and market work; formal relationships, team growth and investments align to drive iterative and scheduled progress across all our operational areas.

    4. Expansion Management / Formal Systems – our founders have delegated all daily management and operating decisions to internal leaders; our formal systems/culture drives growth, expansion and standardizes value gains throughout our distributed organization.

    5. Decentralized Management / Consolidation – (if applicable) our expansive operations are led by geographic and/or functional and/or outcome division leaders; we are attaining economies of scale in resource supply chain, manufacture, distribution and product reclamation/reuse.