Please describe your proposed solution.
Securing major investment money to propel a venture forward remains a big challenge for College Entrepreneurs or any other entrepreneur. As you move beyond grants, it’s important to line up milestone objectives with funder expectations.
Main Activity
One-on-One campus outreach program to inform business and Engineering Students about Project Catalyst.
Online workshops with Students who are interested to submit their innovative ideas on Project Catalyst.
Mentor College students for the ability for them to turn ideas into action which includes creativity, innovation and risk taking, as well as the ability to plan and manage projects in order to achieve objectives on project catalyst is the prime purpose for this proposal.
This Proposal (Cardano Peer Education) will support students day-to-day life at campuses and in society, making students more aware of the context of their work and better able to seize opportunities on project catalyst and to provide a foundation for College entrepreneurs to establish a social and community activity in the Ecosystem.
The following objectives are to be reached through Project Catalyst entrepreneurship education: − Improvement of the entrepreneurship mindset of young people to enable them to be more creative and self-confident in whatever they undertake and to improve their attractiveness. Encourage College innovative business start-ups; − Improvement of their role in society and the economy.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
Entrepreneurship education has a positive impact on the entrepreneurial mindset of young people, their intentions towards entrepreneurship, their employability and finally on their role in society and the economy.
No surprise here—a major challenge College Entrepreneurs face is getting funding. This manifests itself in two ways:
1) getting enough pre-seed funding to support prototype development and the earliest stages of venture development, and
2) bridging the gap between fledgling venture and one pulling in significant angel
Many of Business students have testify that they couldn’t find enough funding to make pursuing the idea worthwhile.
That was the case for a student in Ghana. Her product, which was developed around Internet of Things, measures water usage in households and delivers the data to customers in an easily digestible format. Finding good funding is hard for her, especially in Ghana.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
College Entrepreneurs typically have complex science behind their inventions. Having a great idea but not knowing exactly how to execute on it is a challenge a lot of student face.
Mentors and business executives will be assigned to students to advice them on how to run a business, how to enter into a market for the first time, how to identify potential profit or lost.
It is always essential to be guarded by someone who is in the field of work that you deem to enter.
Most of the times, you only know if something will make you successful when others have done it and achieved success. If there is going to be an assurance that what you are doing will lead you to success, then others might have done it before you. You learn from them, replicate it and achieve that level of success they got to.
This is what we call the roadmap to success. However, this is not unique to success only. Failure on the other hand can either be replicated or avoided. If you follow what people did to fail, you will certainly fail.