GradUp Labs


ABSTRACT

Applicant/Team find the problem areas and right way to resolve the problem. You have to be very focused on learning about customers in order to understand the problem where you have to solve before you start coming up with solutions. Team has to work with problem statement and analyze the context.

CONSTRUCT

Figure out your ideas and find what competitors do better than us. Analyze your problem statement to turn the ideas to implement. Clearly define and identify every decision that factors into the decision making process. Come up with more than one solution and pick up the best and customer-centric solution.

VALIDATE

This stage is all about to be ready before start to build it. Prior art of searching the unique opportunity mentioned should be done & how proposed application differs with existing application or solution. Additional to your validation We will make sure whether there is a real user need for the product you have in mind so you/we can avoid spending time and money building something that are readily available in the market.

BUILD

It's now time to BUILD IT; Use technology to transform your idea into a viable working prototype. Building a prototype isn't easy but with the right tools and guidance will increase your chances of successful completion before presenting. Implementation should be thoroughly tested with all possible test cases and edge cases.

LAUNCH

As an entrepreneur you are constantly designing- so you better get good at it sooner rather than later. Innovators and entrepreneurs are very often required to present their ideas and business plans to potential investors, new business partners and potential customers, and it is therefore key to have a super sharp elevator pitch. In this stage you will get training in presentation techniques and learn what really matters to VCs when you're pitching your idea. You will prepare, practice and present a short pitch that explains the most important aspects of your idea and get valuable feedback from a professional jury.
"Launch is a short summary used to quickly and simply define a product, service, or organization and its value proposition. The name "Launch" reflects the idea that it should be possible to deliver the summary in the time span of an elevator ride, or approximately thirty seconds to one minute".

GradUp Labs Application Process Flowchart


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