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Start your application for the Entrepreneurial Simulator 2023!

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Welcome to Entrepreneurial Simulator Application!

Recommendations:

This application consists of 2 steps.

The first step consist of answering a few questions that will allow us to test your knowledge of the most important entrepreneurial methodologies. Take approximately about 20 min of your time to calmly answer the questions, although it is not extensive, it is better to do it carefully to obtain greater precision in your results.

The second step consists in uploading a video of you answering the following questions:

Tell us about your venture, idea or a problem you would like to solve
What is main purpose of taking the entrepreneurial simulator
Tell us about a situation in your life where you felt the most proud of yourself

We recommend you to take aprox 1 min per answer.

All your answers will automatically be saved. You can return any time!

Choose the best option to define the mission of an organization

Describes the final product and its funcionalities

Describes the path that should be followed to achieve the goals

Describes the values that the company has

Describes the social responsibility of the company

Describes the reason or the "why" behind an organization

Why do most start ups fail?

It may be because all or some of the members did not conclude their studies

It is due to the team's lack of motivation

it is due to the lack of experience of the entrepreneurial team

It is due to the lack of technical skills of the team

It is due to the lack of skills within the entrepreneurial team

Which are the steps to develop Design Thinking?

Empathize, define, ideate, get feedback, and pivot

Empathize, define, ideate, prototype, get feedback

Empathize, define, ideate, prototype, and test

Ideate, empathize, define, test and get feedback

Ideate, empathize, define, test, and pivot

Empathizing with the client means:

Convince the client to buy a product or service based on their needs and wants

Do research and interact with the client so the final product is developed

Do research, analize and interact with the client to discover their problems, needs and aspirations

Do research, analize and interact with the client to tailor the product offerings to meet their needs

Replace their problems with innovative solutions

The Value Proposition

Is an initial budget to build a first prototype

Is an amount requested from investors to continue with the project

Is necessary to be able to identify the client

Is the promise that an investor expects to receive from a company

Is a statement that clearly identifies the benefits a company's products and services will deliver to its customers

The relationship with the client should be:

The way in which a company communicates with its customers to ensure that they are receiving adequate follow-up during the purchase and post-sale

The way in which a company interacts with employees to attract customers, to be able to deliver its value proposition and to develop a relationship that generates loyalty towards the company

Conquer them until they make the purchase of the product/service

The way a business tries to get a customer to stick with it in the form of loyalty programs

The way in which a company interacts with the market to attract customers, to be able to deliver its value proposition and to develop a relationship that generates loyalty towards the company

The value chain

Describes the activities and processes that must be performed to generate the value proposition and deliver the customer experience.

Describes the steps to follow to deliver the product effectively and efficiently

Describes support activities within an organization to deliver the customer experience

Describes the characteristics that are identified in the final product

Describes post-purchase activities and processes to build customer loyalty

What are the 3 elements of the Lean Startup methodology cycle?

Innovate, detail, modify

Develop, measure, learn

Build, test, modify

Build, measure and modify

Build, measure and learn

What is the Lean Startup methodology for?

To attract a new market

To convince the customer to buy the product

To build a minimally viable product.

To build a first functional prototype

To better identify the target

What is a Minimally Viable Product

It is a mock-up of the product

It is a finished product soon to be launched

It is a prototype of the next product to be launched with basic functionalities

It is a prototype of the next product to be launched with advanced functionalities

It is the final product launched in the market

What do you need to be able to go from the initial conceptual prototype to building the Minimally Viable Product?

Investment

That it is approved by a superior

Mentoring

Revision

Iterations

What is a Sprint?

Time period where the team plans the next 24 hours, optimizing collaboration and team performance by inspecting the work done

Time period where product improvements are made. The durations depends on the project timeline and start immediately after finishing the previous one

Time period when the team is asigned with new projects and goals

Time period where the owner of the product inspects the final product

Time period where product improvements are made. Have consistent durations throughout the project timeline and start immediately after finishing the previous one

When we talk about financing a startup we refer to:

The act by which the company invests money to develop its products or services

The act by which the company receives money to develop its products or services

The act by which the company acquieres new customers

The act by which the company receives money to hire new employees

The act by which the company receives tools to develop its products or services

What is a pitch deck?

It is a short presentation in which investors are given an overview of a business where they usually show the product, share the business model, analyze the monetization strategy and present the team, among other things

It is a short presentation in which the CEO is given an overview of a business where they usually show the product, share the business model, analyze the monetization strategy and present the team, among other things

It is a brief presentation in which is given an overview of a business to investors where the final finished product is usually shown, the business model is shared, the amount reached to date, and the team is presented

It is a brief presentation in which a specific business vision is given to the CEO before giving it to the investors, where the final finished product is usually shown, the business model is shared, the amount reached to date, and the team is presented

It is a brief presentation in which a specific business vision is given to investors where the final finished product is usually shown, the business model is shared, the amount reached to date, and the team is presented

When presenting our team on a pitch deck, it is important that

It is explained how many there are on the team and where they are from

It is well explained how the management of the team will be

Team commitment be shown

Passion, intensity and organizational culture be shown

Biography, experience and roles from each one of the team de shown

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Entrepreneurial Profile

1. Do you currently have a business venture? *

Yes

2. Do you have the intention to start a company in the following 3 years? *

Yes

3. I only have an idea and I my main objective is to go to the program and develop this idea *

Yes

4. What is the name of your venture?

5. Share with us the social networks of your venture (Web, LinkedIn, Ig, other)

What stage is your project in? *

None

Pre-seed Stage (It is a stage where own resources are used to start the business)

Seed Stage (Is the proof-of-concept stage in which a business idea is tested for its viability)

Early Stage (Is characterized by activities such as research development, marketing research, and product business development)

Growth Stage (The startup has reached the level of having a consistent customer base and a steady source of income)

Expansion Stage (Is when all of the hard work from the early stage, generally product development and customer development, can morph into a great company if the phase is managed well)

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We would like to know about yourself. Please, tell us more about your life experiences

Gender

Male

Female

Other

Country of residence

Dathe of birth

Do you currently work for a company?

Yes

What is your position?

Have you travel abroad?

Yes

Have you practices any high-performance sports?

Yes

Have you ever done volunteer work?

Yes

Please select your level of english

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Step 2

The second step consists in uploading a video of you answering the following questions:

Tell us about your venture, idea or a problem you would like to solve
What is main purpose of taking the entrepreneurial simulator
Tell us about a situation in your life where you felt the most proud of yourself

*Video may extend to maximum 3 minutes.

Upload original video file

Step 1

Completed!
Your submission has been received

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