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    SYEA Ventures V7 - English

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    bashir019
    This document summarizes the SYEA Ventures program, which aims to support entrepreneurs in Syria by helping them implement business ideas. The program includes an opening ceremony to attract applicants, registration, training workshops, an idea competition, entrepreneurship training with industry mentors, a final business plan and presentation competition to select winners, and a closing ceremony. The top team receives $1,000 to implement their idea while gaining a year of free membership in the SYEA network. The goal is to help new ventures launch and boost innovation among Syrian entrepreneurs.

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    SYEA Ventures V7 - English

    Uploaded by

    bashir019
    41 views25 pages
    This document summarizes the SYEA Ventures program, which aims to support entrepreneurs in Syria by helping them implement business ideas. The program includes an opening ceremony to attract applicants, registration, training workshops, an idea competition, entrepreneurship training with industry mentors, a final business plan and presentation competition to select winners, and a closing ceremony. The top team receives $1,000 to implement their idea while gaining a year of free membership in the SYEA network. The goal is to help new ventures launch and boost innovation among Syrian entrepreneurs.

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    This document summarizes the SYEA Ventures program, which aims to support entrepreneurs in Syria by helping them implement business ideas. The program includes an opening ceremony to attract applicants, registration, training workshops, an idea competition, entrepreneurship training with industry mentors, a final business plan and presentation competition to select winners, and a closing ceremony. The top team receives $1,000 to implement their idea while gaining a year of free membership in the SYEA network. The goal is to help new ventures launch and boost innovation among Syrian entrepreneurs.

    Copyright:

    © All Rights Reserved
    Download as PPS, PDF, TXT or read online from Scribd
    Download as pps, pdf, or txt
    41 views25 pages

    SYEA Ventures V7 - English

    Uploaded by

    bashir019
    This document summarizes the SYEA Ventures program, which aims to support entrepreneurs in Syria by helping them implement business ideas. The program includes an opening ceremony to attract applicants, registration, training workshops, an idea competition, entrepreneurship training with industry mentors, a final business plan and presentation competition to select winners, and a closing ceremony. The top team receives $1,000 to implement their idea while gaining a year of free membership in the SYEA network. The goal is to help new ventures launch and boost innovation among Syrian entrepreneurs.

    Copyright:

    © All Rights Reserved
    Download as PPS, PDF, TXT or read online from Scribd
    Download as pps, pdf, or txt
    of 25

    SYEA Ventures

    By Michel Arcouche
    November 2007
    Beyond the business plan
    Entrepreneurs dilemma: to pay or not to pay!

    Risk averse people stop at the business plan phase

    Lack of resources makes the decision more difficult

    Many good ideas not put into implementation
    What is SYEA Ventures?
    SYEA Ventures is a national program that supports
    the implementation of prominent small and medium
    business ideas in Syria

    Provides entrepreneurs with the basic toolkit to put
    their business ideas into implementation and
    assigns industry expert mentors

    Grants financial support to cover startup expenses
    of the venture that can be pushed forward to make
    a difference in the Syrian market
    SYEA Ventures Vision
    To become the primary source of support for entrepreneurs to
    turn their ideas into real businesses and speed up the formation
    process of new ventures

    To gain credibility and help startups become bankable based
    on SYEA Ventures auditing of business plans

    To create a network of SYEA Ventures companies with proven
    track records and to strengthen bonds amongst them

    To boost innovation in Syrian entrepreneurs
    Why SYEA Ventures?
    Social responsibility towards young entrepreneurs

    Support strategic projects for the development of the
    Syrian economy

    Decrease the risk associated with starting the
    business by grant financial support to prominent
    SMEs and introducing their ideas to potential
    investors (personal or presentations)
    The Process
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    The Opening Ceremony
    Presentation about SYEA and the importance of
    entrepreneurship

    Presentation about SYEA Ventures

    Motivation of potential applicants to submit their ideas

    High profile event to seek more funding
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Candidates Registration
    SYEA should look for strong candidates with good ideas
    and convince them to be part of the competition

    Target universities, incubators, etc. to attract participants

    Interested candidates fill in SYEA Ventures application with
    a brief description of their project and submit their CVs

    Registration fees may be added if more funding is required

    Candidates receive SYEA Ventures package
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Candidates Reception
    Invite candidates who pass the preliminary screening

    Introduce candidates to SYEA Ventures program

    Informal networking event and ice-breaker

    This will:
    Motivate applicants to increase competition

    Increase the chances of building cross-industry teams
    (business, engineers, lawyers, etc.) or merging if two
    teams have similar ideas that complement each other
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Idea Competition - Support
    Candidates support by SYEA members

    Face to face interviews with the support committees

    Ensure that candidates with no previous business
    planning experience get the chance to reach the
    Entrepreneurship Competition
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Idea Competition - Training
    Business Planning workshops

    Presentation skills/voice presence workshop

    Elevator pitch lecture

    Entrepreneurship lecture

    Team building lecture

    Teams support
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Idea Competition - Evaluation
    Candidates submit a preliminary business plan

    Judges and involved team to sign NDAs

    Judges evaluate submissions

    Judges choose 10 finalists and identify the related
    industries

    Initiate contact with industry experts and mentors
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Who Can Apply?
    Individuals or teams can participate

    Syrians or non-Syrians can be part of the team with at
    least one Syrian and the venture should be based in
    Syria

    Had not won another competition with the same idea

    Each candidate can be part of one team

    Age from 20 to 45

    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Opening
    Ceremony

    Entrepreneurship Competition
    1-1 mentoring by industry experts

    PowerPoint training

    Videoed mock presentations



    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Entrepreneurship Competition Evaluation
    Candidates submit a business plan and a PowerPoint
    presentation

    Candidates present their ideas to SYEA Ventures
    judges

    Judges choose a winning team and 2 runner-ups
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Its not about writing business plans, its all about
    entrepreneurship!
    The Business Plan
    Executive Summary
    Project Description
    Market Study
    Industry Analysis
    Product Offering
    Marketing Plan & Business Model
    Operations with timelines
    The Management Team
    Statement of Opportunity
    The Opportunity
    SWOT Analysis
    Risk Mitigation
    Financial Analysis


    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Winners Selection Criteria
    Entrepreneurship

    Feasibility (convince judges that 1 million are
    enough to start the project)

    The market size, competition, growth potential

    Synergy among team members and the relevance
    of their skills to the success of the project

    Economic impact of the new venture
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Who Can Apply?
    Individuals or teams can participate

    Team should include the individual/team that
    participated in the Idea Competition

    Empirical evidence shows that teams with members
    who hold a university degree and speak English are
    more likely to reach the finals
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    The Closing Ceremony
    Statistics about the years candidates submissions
    Present titles and briefs of prominent projects that were
    submitted
    Announcement of winners
    Winning teams pledge to support future SYEA Ventures
    teams and spinout companies by transferring their
    experience
    A team will be nominated to represent SYEA in
    international competitions
    Mentors of winning teams will receive honorary awards
    Trophies distribution to Judges and sponsors
    Thank you certification for participants who reached
    Idea Competition
    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    The Prizes
    First prize of SYP 1,000,000 conditional-cash to be
    used strictly to implement the idea

    Second and third runner-ups get an honorary prize

    All winning teams get a 1 year free SYEA membership

    Any other awards donated by event sponsors

    Opening
    Ceremony
    Candidates
    Registration
    Candidates
    Reception
    Idea
    Competition
    Entrepren.
    Competition
    Closing
    Ceremony
    Who are the Judges?
    Idea Competition
    Individuals from different practices with strong
    academic and business backgrounds
    Senior managers from different industries

    Entrepreneurship Competition Prestigious profiles!
    Entrepreneurs
    Investors and businessmen with proven track record
    Bankers, Consultants, and Lawyers
    Selection process of judges must be done carefully and
    follow up is fundamental!!!
    SYEA Ventures Success Metrics
    Companies started as a result of the SYEA
    Ventures (winners and non-winners)
    Diversity of people reached in raising awareness
    campaign, primarily a function of marketing and
    PR activities
    People who took classes and got trained on
    important skills in the preparation phases
    Entrants who joined the program
    SYEA Ventures Organizing Team
    Communications
    Sponsorship
    Training
    Judges
    Administration
    Events
    Website
    Mentors
    Project
    Manager
    Board of Advisors
    Quality
    Assurance
    Project Plan & Milestones
    SYEA Ventures will be
    launched on November 26,
    2007
    The project will take about 5
    months from the day we
    advertise to the day prizes
    are given out. This
    calculation includes 1 month
    of advertisement.

    Phase Days
    Opening Ceremony 1
    Registration 55
    Idea Preparation 14
    Idea Evaluation & Presentation 7
    Entrepreneurship Training 30
    Entrepreneurship Preparation 30
    EC Evaluation & Presentation 12
    Closing Ceremony Gap 7
    Own Tomorrow
    Thank you for your time! Questions

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