Ambitious Founders Wanted @ 4 Week Program
Do you have a great idea or know someone that does? NC IDEA LABS helps entrepreneurs refine their business model and learn more about their customers. It is looking for ambitious founders for the upcoming cohort of NC IDEA LABS running September 3 - 27. Learn how to apply here!
About NC IDEA:
NC IDEA is a private foundation with a mission to maximize the economic potential of the people of North Carolina by supporting the formation and fruition of high-growth entrepreneurial endeavors in the state.
An intensive four-week program, NC IDEA LABS helps entrepreneurs take their first steps to building a successful company. The program guides entrepreneurs through the process of identifying and targeting customers, then validating product/market fit. Entrepreneurs spend much of the time communicating directly with potential customers, gathering feedback and assessing demand.
NC IDEA LABS is not a curriculum, but a structure that helps each team quickly assess demand, understand customer pain and iterate on their concept. Though content, meetings and workshops will help guide and optimize your activities, you will spend most of your time interfacing directly with potential customers.
For the first half of the program, participants will receive support on performing effective customer interviews and using validated techniques for identifying their target market. Through a guided approach, participants will speak directly with potential users, customers and stakeholders. By doing so, entrepreneurs will better understand WHO is experiencing a specific problem, HOW that problem is felt and WHAT solutions may satisfy their current pain.
Participants that successfully demonstrate a market pain will then be guided through generating a viable solution and testing it within their target market. After the completion of the program, those who demonstrate coach-ability and demonstrate meaningful progress will continue to receive support from NC IDEA though mentorship and programming.
NC IDEA LABS is seeking ambitious founders and teams. Though a majority of NC IDEA LABS participants will begin at an “idea” stage, the impact of the program is not limited to the stage of the company itself. These individuals must be:
Stubborn and Flexible: stubborn enough to persevere and hold onto building the company when everyone around is saying it won’t work, and flexible enough to pivot when needed
Growth-Oriented: want to build a business through a rapid-growth trajectory
Ambitious: actively seeks opportunity and demonstrates the ability to react accordingly
Committed: no wantrepreneurs, only folks who are all in despite the challenging road ahead
Coachable: demonstrate the ability to listen, take feedback and react accordingly
At least one founder must be full-time during the program. We will accept individual founders and can be a valuable resource in helping find co-founders.
Application Deadline: Applications open July 8 - apply as soon as possible
Location: Durham, North Carolina
APPLY HERE and tell them your friends at Next Gen sent you!