Due Date #1 - November 24 (steps 1 through 5 due) Checkpoint 1 - Is your idea and the corresponding science sound At this point you should be hooked up with a mentor provide from the Ohio Academy of Sciences to help you. Part 2 - Quarter 2 Milepost 6 - What is your customer value proposition & competitive advantage? Describe what you believe to be the value proposition” your solution offers? A customer value “consumer proposition is a s or statement that describes why a customer should buy a or use a . It is specifically targeted towards potential customers. What is your competitive advantage? What does your product offer that similar products do not? Cost? Features? Efficiency? Speed? Milepost 7 - What revenue streams do you expect? How much money do you expect to earn? Partial list of potential revenue streams: product sales through middlemen, wholesalers or direct to customers, fees for a services performed, subscription fees, usage fees. What are the potential streams and how large would they be? Milepost 8 - What startup & operating costs do you expect to incur? What costs need to be incurred for testing prototypes and testing? Will you manufacture a product yourself, or outsource it to others? What kind and levels of staffing will be needed to bring your plan idea(s) to fruition? What are the costs your project will incur? Due Date #2 - December 11 (steps 1 through 8 due) Checkpoint 2 - Is your idea marketable and would it profitable? Traffic Light - STOP!! In your opinion does your solution and plan make commercial sense? If NOT...then start again at Milepost 1 and repeat until you are satisfied that your solution makes commercial sense. If YES!! Write your plan by following through on Mileposts 9-12
Due Date #1 - November 24 (steps 1 through 5 due) Checkpoint 1 - Is your idea and the corresponding science sound At this point you should be hooked up with a mentor provide from the Ohio Academy of Sciences to help you. Part 2 - Quarter 2 Milepost 6 - What is your customer value proposition & competitive advantage? Describe what you believe to be the “consumer value proposition” your solution offers? A customer value proposition is a s or statement that describes why a customer should buy a or use a . It is specifically targeted towards potential customers. What is your competitive advantage? What does your product offer that similar products do not? Cost? Features? Efficiency? Speed? Milepost 7 - What revenue streams do you expect? How much money do you expect to earn? Partial list of potential revenue streams: product sales through middlemen, wholesalers or direct to customers, fees for a services performed, subscription fees, usage fees. What are the potential streams and how large would they be? Milepost 8 - What startup & operating costs do you expect to incur? What costs need to be incurred for testing prototypes and testing? Will you manufacture a product yourself, or outsource it to others? What kind and levels of staffing will be needed to bring your plan idea(s) to fruition? What are the costs your project will incur? Due Date #2 - December 11 (steps 1 through 8 due) Checkpoint 2 - Is your idea marketable and would it profitable? Traffic Light - STOP!! In your opinion does your solution and plan make commercial sense? If NOT...then start again at Milepost 1 and repeat until you are satisfied that your solution makes commercial sense. If YES!! Write your plan by following through on Mileposts 9-12
BelieveinOhioGuideline.docx