UM6P ExplorerExplorer
UM6P ExplorerWhether you are exploring a new idea or are ready to seek outside investor funding, the Explorer Funding Board will assess your business proposals based on one or more of these criteria:
Application has identified a clearly defined problem
Application has identified one or more potential technology, science and/or market solutions to the problem
Application has identified a clearly defined market and/or customer segment(s)
Business, economic and/or social impact on community
Project has educational potential for students
Completed LBMC with evidence of several itermations on it.
A clear 5 minutes business pitch to present to the funding board (in English).
Initial customer interviews/surveys completed with initial conclusions/direction identified
Team has a plan for customer discovery with some initial/pilot customer discovery completed, MVP design/concept, and initial technology identification
Early adopter(s) clearly identified and engaged.
Initial proposal for a business model, including, potential revenue streams, cost structure, team buildup plan.
Team has completed preliminary market research and has proposals for a viable business model (i.e. business plan)
One or more early adopter implementations completed with clear results/conclusions
Pitch deck (5-min and 20-min)
Ready for due diligence, including addressing IP, corporate structure, founder agreement, equity positions, contracts, ……
* Technopark and PASET teams are only eligible for mentoring and are not eligible for funding, email explorer@um6pventures.com for any questions