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Virginia Business Model Validation Lab, Unreasonable Institute, Richmond

September 15, 2016 - September 22, 2016

What:
This Virginia Business Model Validation Lab is a 7-day accelerator for early/idea-stage, East Coast-based entrepreneurs that are tackling social and environmental problems. Over four full and two half days, it is designed to help these entrepreneurs rapidly identify and validate the foundational assumptions of their business.

Why Virginia:
Virginia is for lovers. But it’s also for change makers, visionaries and startups. A great place for Southern cuisine (biscuit capital!), outdoor adventures on the James River and a growing craft brewery scene, it is easy to forget that 30% of Richmonders live below the poverty line. Looking at the broader picture, 11.8% of Virginian’s are classified as poor, affecting 15.9% of young adults under the age of 18 restricting their access to quality education and the labor market.

With that being said, Virginia rests on the shoulders of a strong nonprofit sector and a thriving ecosystem of startups and entrepreneurs – both joint forces for an Unreasonable endeavor! Lighthouse Labs, the Greater Richmond Chamber, Virginia’s Commonwealth University and social pioneers such as UnboundRVA and the B Corp community – to name but a few – are driving forces behind fostering entrepreneurship and social change.

Virginia’s Unreasonable Lab leverages the existing entrepreneurial infrastructure to create a new breed of mission-driven startups. Become part of this adventure and join us!

Get Involved: Apply to be an entrepreneur, become a mentor, be a sponsor, or help our Lab team find entrepreneurs. Read on to get involved!

The Problem

The early stages of a startup are marked with questions. Who is my customer? What problems do they have? Do I have a solution to their problems? What are they willing to pay? Will I be able to break even? An entrepreneur’s ability to quickly convert these questions into answers is one of the few characteristics that separates successful startups from failed ones. The problem is that few entrepreneurs know the rapid and systematic approach required to answer these questions. They go too slow, they focus on the wrong things in the wrong order, and they move forward without truly validating a business model.

The Lab & Curriculum

The Business Model Validation Lab is designed to do one thing: provide entrepreneurs with a step-by-step methodology to rapidly and systematically validate their venture’s business model. Entrepreneurs will:

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Details

Start:
September 15, 2016
End:
September 22, 2016
Event Category:
Event Tags:
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Website:
http://unreasonableinstitute.org/accelerator/virginia-2016/
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