Do you have a great plan for a company but aren’t absolutely sure how to get commenced? Lehigh Valley LaunchBox, powered by Penn Condition Lehigh Valley (PSU-LV), is offering a program that will assistance solution your inquiries and establish your tips. The Idea TestLab is a new 6-7 days company accelerator system for early-phase business owners who want to examine their scalable strategy or address a customer problem for a potential enterprise.  The program will be held via Zoom on Tuesday evenings starting March 30, 2021. 

“Idea TestLab is a signature Invent Penn Condition application, and we are excited to deliver it to the Lehigh Valley campus for the initial time. We are also partnering with the Penn Point out Brandywine LaunchBox to provide it to entrepreneurs across an even broader area,” Annette Durnack, director of small business advancement for Lehigh Valley LaunchBox, reported. 

The Notion TestLab thinks prosperous startups get started by spending time with prospective consumers to figure out specifically what the problem is and how considerably “pain” they are acquiring. For this motive, Idea TestLab members will have the prospect to connect with 40 prospective prospects, use those people discussions to validate the customers’ requires, determine key characteristics and decide where by to come across their customers. The TestLab will enable individuals evaluate current solutions and draft a benefit proposition.  

The 5 lessons included in the program will help participants learn how to exam the assumptions guiding their enterprise ideas. The Plan TestLab periods will incorporate time expended in breakout rooms where participants will obtain 1:1 coaching from knowledgeable company leaders and mentors. There will also be chances for participants to satisfy in-amongst periods for stick to-up with their mentors. 

By the end of the system, members will have confirmed their assumptions about the challenge they are trying to get to solve, and which prospective customers are experiencing the problem. Individuals will be equipped to understand what motivates their customers to retain searching for a answer and be capable to pinpoint how the participant can deliver price with their remedy. The TestLab will culminate with a single closing virtual pitch presentation, in which contributors contend for modest grants in seed funding. 

The Notion TestLab is open up to pupils, faculty, personnel, and group customers who reside in Pennsylvania. No affiliation with Penn Point out is expected. Idea TestLab is no cost to participants. Members have to be 18 decades of age or more mature to apply. Application deadline is March 3. To utilize, visit the Lehigh Valley LaunchBox website


Final Current February 16, 2021