Test Your Business idea - PRIME MODULE (Mandatory for Application to Activate Program)

Do you need to test your business idea? Have you validated your business idea? What does your business look like after the recent bushfires and now COVID-19?

Do you want to apply to join the next program offered at the Bega Valley Innovation Hub?

The ‘Imagine your Business - Recover, Re-Imagine or Test Your Business Idea Workshop’ has been specifically designed for early-stage startups, entrepreneurs and impact entrepreneurs to help refine and test their business idea before going to market, or re-launching after the recent bushfires. This is a core component of the Lean Startup methodology which is the build-measure-learn feedback loop. During this session, you’ll learn some tips and tricks to test and launch or re-launch a business idea in a capital-efficient way.

This workshop is designed to introduce the concepts that underpin the iAccelerate Phoenix program offered at the Bega Valley Innovation Hub and is a MANDATORY gateway to assist you in preparing an application for those interested in applying to Phoenix Accelerate Program at the Bega Valley Innovation Hub.

The purpose of this workshop: to give you the understanding and analysis framework necessary to test the viability of your business idea.

What will be covered in this workshop: What makes a business idea viable?

• Introduction to the iAccelerate business model cube
• How to identify different customer segments and personas – how to identify their jobs, gains, pains.
• Identifying the problem that you are solving
• Identifying the solution that you will create to remove this problem from your ideal customer’s life?
• Design accompanying products and services to add value
• Test your assumptions
• Introduction of the iAccelerate Growth canvas

​You will leave the workshop with a better understanding of your business’ value proposition design for you to add to your application for the Phoenix Activate Program.