The Founders Hive are inviting you to the Minimum Viable Product (MVP) Demo Day. The MVP will be held on Wednesday 15,July 2015 as from 2.00p.m to 6.00p.m @iBizAfrica (Strathmore University) keri Road Nairobi.
MVP DEMO days are the Perfect opportunity to get feedback for your wonderful product ; entrepreneurs get an opportunity to present their startups to a diverse audience of mentors , advisors , and fellow entrepreneurs . This event is for entrepreneurs to find out whether they have an idea for a business that could be the ” next big thing ” Presenters prepare a 10 min live demo of their product and engage in 10 min of feedback and questioning from the audience .
Format of the demo: Focus on addressing the 5Ps :
Pain . What problems are you solving ? What needs are you trying to meet ?
Premise . What is the basic premise of your business?
People . Who are company ’ s staff , target audience . For whom do you supply your products or services ? Who is your target market ?
Proof . Why are you the company to turn to ? What makes you better than others? What USP do you offer ?
Purpose . Why does your company exist ? If you ’ re talking to prospects and customers , they will want to understand why you are in business .
Entrepreneurs gain insight into possible ways they can improve their businesses, gather realtime feedback , connect with a community that truly cares about their progress , and walk away feeling like they have advanced their business as well as gaining new supporters for their products . The audience also learns a great deal from the presentations.
The Top 3 Most voted for pitches will gain an automatic entry to the FUNDZ (www . fundz . co) community for an opportunity to receive microfinancing to enable them kickstart their projects into a viable business .