JET Challenge: Start Something at UVASTART

1. JEFFERSON ENTREPRENEURIAL TEAM JET CHALLENGE www.uvastart.com start something • what is the challenge • 10 teams, 10 mentors, 10 weeks • Paired with local business mentors • $250 micro-grant for dev expenses • Access to other resources • eligibility • UVA students, any school • UVA-Wise and PVCC teams also eligible with UVA student • No university-paid research • important dates • Submissions open: Jan 16th • Application office hours: • Tuesdays, 3PM-5PM • Media Activities Center, in the basement of Newcomb • Submission deadline: Feb6th, 5PM • Decisions: Feb 10th

2. JEFFERSON ENTREPRENEURIAL TEAM JET CHALLENGE www.uvastart.com start something • what is the challenge • 10 teams, 10 mentors, 10 weeks • Paired with local business mentors • $250 micro-grant for dev expenses • Access to other resources • eligibility • UVA students, any school • UVA-Wise and PVCC teams also eligible with UVA student • No university-paid research • important dates • Submissions open: Jan 16th • Application office hours: • Tuesdays, 3PM-5PM • Media Activities Center, in the basement of Newcomb • Submission deadline: Feb6th, 5PM • Decisions: Feb 10th

3. JEFFERSON ENTREPRENEURIAL TEAM JET CHALLENGE www.uvastart.com start something the JET program – basics EXPRESSED NEED – your team identifies and explains a real problem that affects users (target market) UNPACKING – we pair you with a mentor to better understand the customers, collaborators, competition, and context IDEATION – you work with your mentor to discover actionable ideas to address that need ANALYSIS – you and your mentor analyze which idea works best with your target market and your skillset ACTION AND ITERATE – start building and continue improving the idea!

4. JEFFERSON ENTREPRENEURIAL TEAM JET CHALLENGE www.uvastart.com start something • what to submit: • A slide-deck of the expressed need you want to address and what your approach would be • specifically… • six slides for : • Executive summary • The need you want to address • Context, value proposition • Market opportunity • Team description • References • what we are looking for • Curious minds, builders, doers • Examples: Classroom projects that want to go to the next level • The 3 T’s: • Transdisciplinary • Technology-driven • Teamwork-centric

5. JEFFERSON ENTREPRENEURIAL TEAM JET CHALLENGE www.uvastart.com start something executive summary: has the expressed need, market summary, and primary contact info = expressed need: stakeholders analysis and how does this problem impact these stakeholders? value proposition: what can be done? What specific benefits can the stakeholders realize? market opportunity: industry analysis, is there an entry point? what opportunities can be realized? team description: why are you the right team to address this need? • a good application… • Focuses on addressing a real need • Narrow, but relevant scope • Personable to the team • Highlights economic opportunity • Has a team that is mission-driven, not solution-driven • Balances text with well-researched exhibits

6. JEFFERSON ENTREPRENEURIAL TEAM JET CHALLENGE www.uvastart.com start something • Questions? Email: • Sid Pailla – sp2sv@virginia.edu • Preston Williams – paw3ym@virginia.edu • Submissions should be sent to: • uvastart@gmail.com • Key Dates: • Jan 28th, 5:30-8:30 PM – Meet the Mentors Pitch Dayin Newcomb MAC • Feb 6th, 5:00 PM – Submission deadline • Feb 10th – Decisions • GOOD LUCK!