SYEA Ventures V7 - English

8/12/2019 SYEA Ventures V7 - English

1/25

SYEA Ventures

By Michel Arcouche

November 2007


2/25

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


3/25

What is SYEA Ventures?

SYEA Ventures is a national programthat 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


4/25

SYEA Ventures Vision

To become the primary source of support for entrepreneurs toturn their ideas into real businesses and speed up the formationprocess of new ventures

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

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

To boost innovation in Syrian entrepreneurs


5/25

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)


6/25

The Process

Opening

Ceremony

Candidates

RegistrationCandidates

Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


7/25

The Opening Ceremony

Presentation about SYEA and the importance ofentrepreneurship

Presentation about SYEA Ventures

Motivation of potential applicants to submit their ideas

High profile event to seek more funding

Opening

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony

Opening

Ceremony

Candidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


8/25

Candidates Registration

SYEA should look for strong candidates with good ideasand convince them to be part of the competition

Target universities, incubators, etc. to attract participants

Interested candidates fill in SYEA Ventures application witha 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

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


9/25

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 twoteams have similar ideas that complement each other

Opening

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


10/25

Idea Competition - Support

Candidates support by SYEA members

Face to face interviews with the support committees

Ensure that candidates with no previous businessplanning experience get the chance to reach theEntrepreneurship Competition

Opening

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


11/25

Idea Competition - Training

Business Planning workshops

Presentation skills/voice presence workshop

Elevator pitch lecture

Entrepreneurship lecture

Team building lecture

Teams support

Opening

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


12/25

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 relatedindustries

Initiate contact with industry experts and mentors

Opening

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


13/25

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 inSyria

Had not won another competition with the same idea

Each candidate can be part of one team

Age from 20 to 45

Candidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony

Opening

Ceremony


14/25

Entrepreneurship Competition

1-1 mentoring by industry experts

PowerPoint training

Videoed mock presentations

Opening

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


15/25

Entrepreneurship CompetitionEvaluation

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

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony

Its not about writing business plans, its all about

entrepreneurship!


16/25

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

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


17/25

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 relevanceof their skills to the success of the project

Economic impact of the new venture

Opening

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


18/25

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

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


19/25

The Closing Ceremony

Statistics about the years candidates submissions

Present titles and briefs of prominent projects that weresubmitted

Announcement of winners

Winning teams pledge to support future SYEA Venturesteams and spinout companies by transferring theirexperience

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 reachedIdea Competition

Opening

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


20/25

The Prizes

First prize of SYP1,000,000conditional-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

CeremonyCandidates


Reception

Idea

Competition

Entrepren.

CompetitionClosing

Ceremony


21/25

Who are the Judges?

Idea Competition

Individuals from different practices with strongacademic and business backgrounds

Senior managers from different industries

Entrepreneurship CompetitionPrestigious 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!!!


22/25

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 andPR activities

People who took classes and got trained on

important skills in the preparation phases

Entrants who joined the program


23/25

SYEA Ventures Organizing Team

Communications

Sponsorship

TrainingJudges

Administration

Events

Website

Mentors

Project

Manager

Board of Advisors

QualityAssurance


24/25

Project Plan & Milestones

SYEA Ventures will be

launched on November 26,

2007

The project will take about5

monthsfrom 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


25/25

Own Tomorrow

Thank you for your time! Questions

Documents

SYEA Ventures V7 - English