Kauffman Foundation FastTrac® TechVenture™

Entrepreneurship Training Program Brought to You by The Entrepreneur Center @NVTC

Date:
March 2, 2010 - May 11, 2010
(The application deadline for this session has passed but we are accepting applications for the Fall 2010 session that will begin in September.)

Time:
Tuesdays, 6:00 - 9:00 pm

Price:
NVTC members pay $450 for the first company representative, $300 for one additional representative.
Non-members pay $550 for the first company representative, $400 for one additional representative.
There is no application fee.

Sponsors:
KnowledgeBank
Pillsbury
Reznick Group

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About FastTrac® TechVenture™

FastTrac® TechVenture™ is a comprehensive business planning program that addresses the needs of start-up entrepreneurs who are refining their business ideas, writing their business plans and seeking to grow sustainable high-impact companies. The program combines instruction from experienced business professionals, one-on-one business mentoring, peer learning, and ample tools to help entrepreneurs produce all the elements of an effective business. After completing the program, entrepreneurs walk away with a detailed business plan and executive summary presentation, and a strong understanding of how to finance a company.

Schedule

• Week 1: Exploring Entrepreneurship
• Week 2: Defining the Target Market
• Week 3: Conducting Market Research and Analysis
• Week 4: Testing Your Business Concept
• Week 5: Entering and Capturing the Market
• Week 6: Planning for Financial Success
• Week 7: Building and Compensating Your Organizational Team
• Week 8: Protecting the Business and Your Intellectual Property
• Week 9: Identifying Funding and Working with Investors
• Week 10: Managing Cash and Operating Your Business
• Graduation - Date TBD
• Advisory Sessions scheduled individually for each company 2-3 months after the conclusion of the program.

Building a technology-based venture

FastTrac® TechVenture™ provides the tools participants need to advance their technology venture to the next stage of business, whether moving beyond the start-up stage or seeking the last round of financing before going public. The program helps participants to reevaluate feasibility, identify target markets and create a business plan to communicate the opportunity to investors.

The aspiring or experienced FastTrac® TechVenture™ entrepreneur is in the field of technology or life sciences and is:

• Developing and marketing technology,
• Developing technology that enables a non-technology business, or
• Developing biotechnology and life sciences products or services.

Features and Benefits

After completing the program, FastTrac® TechVenture™ participants have:

• Evaluated and improved a business concept.
• Developed and effectively communicated-via elevator pitches, business plans, and investor presentations-their:
  • Market opportunities,
  • Business strategies,
  • Value propositions,
  • Financial models, and
  • Validity as an investment opportunity from equity and/or other capital sources.
• Built a valuable network of entrepreneurial peers and important mentor relationships.

Testimonials

The NVTC FastTrac® TechVenture&trade program is an invaluable experience for entrepreneurs starting or thinking about starting a new business venture. The opportunity to collaborate extensively with other entrepreneurs -- both the students and the coaches -- gave us the insight and feedback we needed to get our company on the right footing to take the market by storm!
- Steve Markmann, Counterpoint Consulting, Fall 2009 participant

As a first-time technology entrepreneur, the FastTrac® program was extremely valuable to me and my entire team.
- Nicholas Tolson, FitFeud, Fall 2009 participant


For additional information about the program, please contact Kristin D'Amore at 703-904-7878 ext. 226 or kdamore@nvtc.org.