[RECAP] Indonesia Sustainability Seminar 2018

ANGIN team attended the Indonesia Sustainability Seminar 2018, organized by Most Valued Business (MVB) Indonesia, on 8th May 2018 at Hotel Raffles in Jakarta, Indonesia. The theme of the seminar was “Securing Sustainable Future through Innovation and Dedication”.

A number of interesting speakers from public sector, private sector and the academia share their ideas and experiences on how to incorporate social responsibility in the business processes. The speakers included Alistair Speirs (Chairman of MVB Indonesia), H. E Rasmus A. Kristensen (Ambassador of Denmark for Indonesia), Maria Nindita Radyanti (Executive Director of CECT Trisakti), Paola Cannuciari (Co-Founder of Waste4Change) and Bjorn Heidrich (President Director of BayWa r.e.).

  1. E Rasmus A. Kristensen, the Ambassador of Denmark for Indonesia, in his keynote presentation, highlighted the initiated taken by Denmark towards a sustainable future. The ambassador made a very interesting remark about how innovation is driving sustainability and changing the competitive landscape. He spoke about Denmark’s commitment towards promoting circular economy and resource efficiency. He also shared case studies of how Danish companies are developing and pioneering circular economy solutions. One of the most interesting cases was how many companies are using low-cost clean energy in Denmark to build their massive data centres and then, utilizing the heat produced from data centres to heat homes.

Maria Nindita Radyanti, Director of CECT Trisakti, delivered a presentation on how corporate social responsibility (CSR) is not only about external impact and philanthropy but also about the impact of the internal business activities and decisions. Furthermore, she noted that CSR is an activity with the objective of sustainable development and also, demonstrated how businesses can incorporate CSR across the value chain.

The seminar also showcased two businesses, Waste4Change and BayWa r. e., that shared their experiences and how they are contributing towards sustainable development.

Overall, the seminar provided valuable insights into how innovation has led to clean-tech revolution and is driving sustainability.

 

[EVENT RECAP] Insider’s Guide Launch Event!

On Wednesday (6/6) , ANGIN was cordially invited to Dila Karinta and Bettina Herz’ launch of their book Insider’s Guide to Jakarta Startups. While Bettina was unfortunately absent during the launch, Dila Karinta was accompanied by various speakers, including the Managing Director of Phoenix Communications, Alistair Speirs, Bizzy’s cofounder, Norman Sasono, the cofounder of Andalin, Rifki Pratomo, and others. The launch was held at what Speirs called “the first coworking space”, Starbucks. While the launch covered topics within the book, it included personal insights from each of the speakers on the startup environment, including the difficulty in making a startup, the necessity of perseverance in the face of failure, and many other topics.

Here are some important highlights from the event:

  1. The first question that should be asked before making a startup is “Do you really want to start a startup”
  2. “A startup is a newly formed business with particular momented behind it based on perceived demand…The intention of a startup is to grow rapidly as a result of offering something that addresses a particular market gap”
  3. It is difficult to create a startup by yourself –– build a team consisting of 2 or 3 people covering the technical, business development and creativity/marketing side
  4. Startups does necessarily have to be tech oriented but must use tech in order to be scalable
  5. It is important to have conviction and belief that your startup will succeed
  6. Because of Indonesian regulation (once a startup gets money from abroad, it becomes foreign), a lot of Indonesian companies are no longer Indonesian (Tokopedia is Chinese, Go-Jek is Singaporean)
  7. When startups get easy funding, they fall into the trap of over/reckless spending
  8. Indonesia’s startup landscape differs from Silicon Valley’s in that it tackles real world problems

ANGIN will continue to support efforts made for mentoring startups in Indonesia.

Samantha Gunawan & Josephine Bahari of Blueboots Farm

Tell us a bit about yourself.

S: My name is Samantha Gunawan and I’m the founder of Blueboots Farm. I’m 28 this year and I graduated 2013. Upon graduation I worked in Singapore for one year at an industrial engineering firm, and that’s when I realized that I didn’t suit the office life. I’m more of a outdoor person, so I tend to look for something where I can move around more. One weekend, I came back to Jakarta and I was casually talking to my sister like, “Hey, I’m really interested in organic food,” and she’s like, “Oh I know Ibu Helianti Hilman from Javara, maybe you can contact her and just talk.” So I emailed her and she was just like, “Hey Sam, why don’t we just meet the next day at 3 pm at the Javara Kemang office?”

Ibu Helianti ended up offering me an internship at Javara. At first, I thought no, I should be getting a full time job rather than an internship. But maybe because I felt I was still young, I felt that I could still explore. And actually my parents also supported me in the sense that they told me, “You should make all the mistakes now and explore since you’re not married yet.” So I thought, okay maybe a three-month internship would be a good start to see whether I like the industry. Those three months turned into one year.

Ibu Hellianti wanted to open a new side business; she’s doing food processing right but she wants to do fresh produce, too. She has a lot of connections with the hotels in Jakarta and she has farmers in Bogor, but she doesn’t know how to connect the two because she’s too busy. She sees this girl (me) who wants to know more about organic farms, so she’s like, “Sam, you be the middle person and see how you can convey what they want to the farmers.” That’s where I think the trigger was for me to get into agriculture.

J: My name is Josephine Bahari. I graduated in 2016 with a graphic design degree. I was working at a graphic design firm for a year. I actually always had this passion for eating healthy and living a healthy lifestyle and I’ve always been interested in Blueboots and but never got the chance to ask Samantha about it. I became tired of my job. Samantha happened to want to meet up (she’s my cousin), and she proposed that I help her. I said yes straight away and the rest is history.

I’ve been helping Samantha with the creative side of Blueboots and a little bit on the marketing side learning more about actual farming and where food comes from. I don’t think people are actually exposed to the agriculture side of organic food. I’m actually pretty blessed because I know where my food is coming from and how it is being nurtured and harvested into our dishes. And I think it made me more passionate and mindful of what I consume.

What is the health food scene like in Indonesia?

S: I feel like the health-conscious market is growing, but people still don’t really understand what “healthy” is about. For instance, gluten-free is assumed to be good but actually it depends on your body type. A lot of people are being eaten by marketing. Indonesians follow trends. So if Americans or Europeans are eating kale, we’re eating kale. But actually there’s a lot of other local plants that can replace that. We’re missing our own health culture.

J: i think it’s definitely super niche. The health scene is growing but there’s no personality to it. We’re really following Americans or Australians. It feels like everyone is copying each other. There’s no creativity or actual thought put into it. I think Salad Stop is actually a good model to follow. They have fresh produce as well, and there’s a story behind their business. I think their business is more conscious.

There’s a real psychology in the food business. It’s not just the taste, but also the story behind the food, where it comes from. The health market here is more about marketing than actual health consciousness. In short, it’s growing, but its growing very slowly.

Why is it important to know where your food comes from — why is that narrative important?

S: I think growing up as a city girl, I realized that I felt so disconnected with where my food came from and that I just took things for granted. So if you don’t finish the food, you don’t tend to have any guilt. But once you go to nature and you realize how seeds grow into plants and that it takes about 3-4 months… then you realize that you should not waste your food, and how you should treat the food. You need to minimize your cooking process because certain ways of cooking has more nutrition. I think when you know where your food comes from, you just become more appreciative and you tend to appreciate the ingredients themselves.

How was the transition between working for someone to becoming your own entrepreneur?

S:  Well, working for someone is really good. You don’t have to think about future steps, you don’t have to come up with a business plan, you don’t have to be accountable to your employees. Your mindset is just to do your job, but you’re not thinking about the whole business aspect of that firm. But when you’re doing your own thing, you have to put everything together, put the ideas into action. It takes more motivation, it takes more effort. You need to have passion. If not, I don’t think you can do it at all. I really love agriculture, so I think I jumped into the business with an excitement; it’s something I look forward to. Agriculture is not an easy task, so there were definitely a lot of worries. But you don’t know until you try.

The food industry in general is it male dominated or female dominated, how do you feel as a woman in that space?

S: I think I’m stepping into two industries; one is agriculture and one is food processing. The agriculture industry is definitely male-dominated. You rarely see a woman working on a farm. In terms of how I feel…I actually feel accomplished. At first, I felt intimidated but after awhile, when you know what you’re doing you feel good about it. I don’t feel any different from the men. Sometimes I feel like I’m even a little better.

As young women, do you actually find it hard to get people to see you as capable?

J: I feel that way in a lot of situations. Even sometimes when I go out with Sam. The people that she meets are experienced. They know more about agriculture. I do feel super intimidated, but I think the key is that I want to learn. That’s why I’m always in the back, listening and learning. I do hope that one day I can speak about Blueboots Farm like Sam. I’m actually in the process of learning right now.

S: I feel confidence is built up with experience. If I’m not experienced and I talk to people about things that are more advanced or technical, I tend to be honest with them and tell them, “I don’t know what you’re talking about, I’m new, can you teach me?” People are actually open to that. If you are humble to them and tell them you don’t know, they will open up to you. So I’m never scared to go to a space where I meet people at a higher level than me because I think it’s a learning process. I’m sure one day I’ll be at that point where I can understand. One thing I’ve learned is that if you don’t understand, it’s because you don’t know yet. It’s not because you can’t.

Where do you see yourselves in five to ten years?

S: My perfect five year plan is for me to have good family time while at the same time a career. Not a career that will take my whole life and time away from family. So what I’m doing right now is i’m finding new partners and collaborations so that one day I can still run this while also spending time with family. Work-life balance is very important to me.

J: I definitely want to be involved in the food industry. Not necessarily towards the tertiary side. More to the primary side where Sam is at right now. I really want to learn about food and where it comes from, as well as helping get the word out that eating healthy is not hard. It’s actually so simple, but people just don’t understand it. I think that is actually my passion, and I’m learning little by little. Slowly. Learning about farming and maybe learning to talk to people about it and finding a business that can convey it to people.

M: How do you see women coming into the food industry? How are they changing the food sector?

S: I’m very impressed by all these women. Nowadays I see that women are more business-minded. They get things done quicker and more efficient than men. Even my mom. I feel like women are more meticulous. You need someone like that in the company. Every company needs a woman. They’re the drive behind it.

J: I think males – at least in Jakarta – are not as interested in the holistic and organic lifestyles as females are. So I think it’s actually a good thing. As women, we have this mother-like instinct, taking care of people and ourselves. Not saying that men don’t possess that, but I think women are more expressive about it. I think that’s why we see a lot of women in this sector. We want to take care of people. That’s why social entrepreneurship is more female-dominated. They don’t just want to earn profit, but they want to create impact.

Any advice for other girls looking to jump into the industry?

S: If you want something, just do it. Explore more. If you keep exploring, you can definitely find how you can connect your passion with work. I also feel like you cannot be lazy. Keep on finding your purpose in life, what you want to do. Don’t wait until you’re 50 because then it may be too late. Start as early as possible.

J: I relate to the laziness part. I procrastinate a lot. Recently I’ve learned to have that go-getter attitude if I really want to succeed. The key is to just not be lazy. To always have that drive. Find that drive and what you like. Just excite yourself.

 

[Upcoming] Oracle Startups Festival – Cloud Acceleration Day #Jogja

Oracle cordially invites you to meet our international and local teams in Yogyakarta while we network and dine together. Join our first thought leadership event in Yogyakarta titled the “Oracle Startups Festival – Cloud Acceleration Day”.

Join the Oracle Executive Director Team and the Head of Indonesia’s Angel Investment Network (ANGIN), David Soukhasing and gain unique insights about technology, the venture investment landscape, startups in Indonesia and what they need to do to scale and grow.

Our goal for this event is to support the Startup ecosystem in Yogyakarta and we will share some valuable insight about:

  • How startups compete on a global scale and what they need to do to keep up
  • How cloud platforms are not merely an online storage medium but an ecosystem of tools that enable significant competitive advantages over peers
  • Learn new insights about innovation and future economic landscape, particularly in Asia Pacific.
  • Learn how David can compete against Goliath
  • Network with peers who have diverse insights

Please see below for the event details:

Date: Wednesday, 9 May 2018

Time: 12:00 – 15:30 (GMT + 7)

*Venue will be informed after registrations

Meet and network with our global team as we enjoy coffee and high tea.

For additional questions and other inquiries, please feel free reach out via email Dali@oracleevents.id.

Register here:

https://www.eventbrite.com/e/startups-festival-cloud-acceleration-day-jogja-tickets-44180940382

 

[RECAP] ARISE Conference 2018

On Thursday (26/04), ANGIN was invited to the annual event hosted by Instellar, ARISE. ARISE is short for Awaken & Rediscover Indonesian Social Enterprises, and as it name suggests, it is an event that focuses on everyone who are making positive changes in Indonesia’s community and environment. This year ARISE raises the theme of “Impactful Technology For A Sustainable Future” and it was really insightful to see the discussions of the panelists in this event.

One of the highlights of this event is the launch of ASEAN Social Enterprise Structuring Guide in Indonesia which is developed together by British Council with United Nations ESCAP, Trust Law, Tilleke and Gibbins, and local partners in each country. The panelists consists of Ari Sutanti (Senior Programme Manager at British Council Indonesia), Gita Syahrani (Founder of Socolas), Nancy Margried (CEO of Batik Fractal), and Peter Ptashko FRSA (Director of Global Social Entrepreneurship Network). One of the key points from this discussion is how social enterprises in Indonesia has minimum access to regulatory framework information, hence making it difficult for them to operate. With the launch of this guide, we are hopeful that it will inspire support and growth of social enterprises in Indonesia.

Finally, the peak of the event was the Demo Day Rise Inc. Stars 4. 23 social enterprises were to present their pitch deck to a panel of judges and our very own Head, David Soukhasing, was one of the judges. ARISE is a platform for these Rise Inc. Stars to showcase their products and services. All 23 social enterprises presented their pitch deck for 3 minutes each and received substantial feedback from the judges. It was exciting to see the ideas of these social enterprises and how social impact drives them to do their business. We wish them all the best in their future endeavors!

 

[OPINION] Six reasons why it is important for the UN and financial sector to partner on SDG financing

Original Article available here: http://www.daghammarskjold.se/six-reasons-why-the-un-and-financial-sector-must-partner-on-sdg-financing/

The financial sector is a critical partner for achieving the Sustainable Development Goals (SDGs). This is especially true when it comes to financing. Defining the SDGs as a trillion dollar investment opportunity rather than a funding shortfall may seem obvious to business but the United Nations is just starting to catch on. It began with the Addis Ababa conference on Financing for Development that took place in 2015, and since then, annual meetings – happening now – of the ECOSOC responsible for follow-up.

Commercial financing is not only ‘nice to have’ but an essential prerequisite for achieving the SDGs. As a matter of urgency, UN reform must equip the UN to partner with the financial sector for channeling financing to where it is needed most. This is work UNDP have in fact begun in Indonesia and which we recently shared with UN colleagues and other financial sector partners during a workshop organised by the Dag Hammarskjöld Foundation and the UN Development Operations Coordination Office (UNDOCO).

For two days we sat together in the Foundation’s Centre in Uppsala with the portrait of the second Secretary General looking over us in support. We were tasked to take a critical, honest look at how the UN and private capital can work together for sustainable development and identify the UN reforms that are needed to make it happen. Indonesia was invited as one of three countries, the other two being Armenia and Kenya, where the UN has advanced work around innovative financing with financial sector partners. But why is this partnership important?

Six reasons

The financial sector and the UN represent different worlds, with different languages, cultures and interests. This makes the collaboration at once challenging but also potentially groundbreaking. Here are six reasons why we should collaborate:

  1. Filling the development financing gap: Investments can fill the funding gap but also bring a new kind of resources for development projects that are demand driven and more likely to provide long-term solutions. In Indonesia, the UN Development Programme (UNDP) and the Angel Investment Network Indonesia (ANGIN) designed an SDG Impact Fund which is to provide financing to social enterprises in the agricultural value chain. These social enterprises are part of the ‘missing middle’ – they do not want grant funding and are ready to receive investments but are too large for micro-finance and do not have liquid enough assets for accessing finance from banks.
  2. Providing new deal flow that scales development initiatives: Investors increasingly demand a robust rate of new business proposals and investment opportunities, which finance professionals refer to as deal flow. The UN can help bridge investors and deal flow by building and sharing a pipeline of projects and enterprises in need for growth and expansion capital. In this way, the financial sector can scale viable projects when Government and development organisations exit. UNDP and ANGIN held a Roadshow in Sumatra and Sulawesi earlier this year to identify social enterprises that can become a pipeline of investments.
  3. Harnessing capital’s transformatory potential: Together we can harness the transformatory potential of capital and change the overall approach to finance. For the UN, influencing the entire continuum of capital so investments are made greener, more sustainable and inclusive, is influencing large scale change. UNDP, in countries such as Indonesia and Armenia, brings innovative tools to financing SDGs such as impact bonds and impact funds and is exploring how blending commercial finance with concessionary finance or grants opens up new investment possibilities by addressing investor concerns about risks. In Indonesia, UNDP supported the Ministry of Finance in issuing the world’s first sovereign green Islamic bond (sukuk) thereby channeling investment to combating climate change and are now encouraging the private sector to follow suit and issue corporate green bonds.
  4. Enhancing transparency and accountability: The introduction of new technologies, standards, certifications and oversight measures by the UN can enhance accountability and transparency in areas where their absence is a main risk factor increasing costs of doing business and inhibiting investment. For example, UNDP is exploring with partners blockchain technologies as a means to enhance transparency in the management of religious funds such as zakat and waqf to increase trust in institutions managing those funds.
  5. A conducive policy environment: The UN is well positioned to work with the Government to provide a conducive policy and regulatory environment for SDG financing based on the private sectors understanding of the policy gaps, hindrances and expected incentives to investment. In Indonesia, UNDP collaborates with the Financial Services Authority of Indonesia to enhance the policy environment for private investment in SDGs, by for example putting in place regulations that will support impact investment.
  6. Promoting innovation: Partnership between business and the UN is essential for innovation. Innovation isn’t created in a vacuum but comes from collaboration between unusual partners with aligned missions. For example, id is a platform created by ANGIN and UNDP to connect investors and enterprises, while also providing entrepreneurs with learning materials and resources for growing their business.

A partnership built on similar values

In Indonesia, we (ANGIN and UNDP) initiated a partnership two years ago when UNDP began exploring the social finance eco-system in Indonesia. We began collaboration by conducting joint research, which identified the disconnect between investors and enterprises as a key challenge. Our partnership developed as we worked together to design an impact fund that would address that disconnect by bringing capital to women-led enterprises that were investment ready but could not access capital to grow.  For ANGIN and UNDP, having aligned values; recognising our complementary competencies; having honest, clear communication and defined roles and accountability have been important to our partnership.

For UNDP, the partnership has opened doors to investors and enterprises. ANGIN has brought access to the Indonesian investor and enterprise ecosystem, expertise in early stage investing and capacity building, resource mobilisation with private sector investors and an efficient, lean startup mentality that is execution-centric and KPI oriented.

For ANGIN, UNDP has played a catalytic role for their growth. The UN brings access to a global community and ecosystem, expertise in SDGs, impact measurement and innovative financing, access to government counterparts, resource mobilisation with donors and concessionary investors, a network and infrastructure in the country, neutrality and the UN brand. Together our partnership has achieved a lot but it has at times been constrained by certain UN policies and these need to change.

Four changes needed to UN policies

UN reform must support partnerships for SDG financing such as ours, which now actually take place in spite of UN policies and procedures. We recommend four changes to UN policies:

  • The UN must be equipped with the appropriate legal and financial policies to engage with investments and recover costs for our engagement.
  • The UN has to build its strong cadre of finance experts and facilitate the dispersion of this expertise across the 193 countries where it works.
  • Due diligence processes need to stop seeing private sector as good or bad but instead scrutinise how the collaboration is creating positive change in the way investments are made.
  • Partnership agreements should reflect collaboration not as a procurement or funding arrangement but an offer to support to each other that is equal and mutually beneficial.

In countries like Indonesia, Armenia and Kenya, the UN and finance sector partners have started exploring investments in SDGs. The financing of the SDGs requires us to learn from and build on these early experiences for a more systematic approach across the countries where the UN works.

 

[RECAP] GK-Plug and Play Expo 2.0

One of the most hotly anticipated events all year, the GK-Plug and Play Expo 2.0 demo day on Friday, April 20 did not disappoint. Showcasing its Batch 2 participants, the event was comprised of both a tabling area where startups could showcase their products and services as well as a live pitching session. There, founders pitched to a mixed crowd of investors, startups, and institutional players on the Djakarta Theatre XXI stage. The startups showcased included: Cheers, Danabijak, IndoGold, Manpro, Datanest, Duithape, Periksa.id, Gringgo, Trukita.com, GandengTangan, and Weston. We are proud to say that two of these – Duithape and GandengTangan – are ANGIN portfolio companies.

Pitches were passionate and networking was lively – an excellent event for all who attended. ANGIN is excited for GK-Plug and Play Batch 3, which we are actively helping to source startups for. If you are a founder and would like to apply, please email nadira@angin.id with your updated pitch deck. Until next batch!

 

[CALL FOR APPLICATION] GK-Plug and Play Indonesia Accelerator Program Batch 3

About Plug and Play

Plug and Play Indonesia accelerator program is here to help you to speed up the progress of your startup so you can build a better product in your chosen market. During the 3-months program you’ll get the following benefits:
  • Opportunity to collaborate with corporations
  • Seed funding
  • Direct mentorship and workshops from successful entrepreneurs and industry leaders
  • Up to $60,000 value of free tools, services, and startup programs
  • Opportunity to network with local and international investors
  • 3 months of co-working space in elite area at Kuningan
  • Exposure to media
  • Opportunity to meet regulators
  • Access to Silicon Valley and the global technology community
After the program, you’ll be given a chance to present your startup in front of hundreds of investors, government, our corporate partners, and media.

Terms & Conditions

1. There is no application fee associated with the program.
2. Any late submissions will not be considered.
3. GK-Plug and Play reserves the right to use contents submitted throughout the application process for publicity materials, including but not limited to, Startup Company profile and introduction video.
4. By applying to GK-Plug and Play program, you agree to be a part of the ecosystem, thus receiving invitation and/or updates regarding future events and programs.
5. Decisions in respect of all matters to do with the program will be final and no correspondence will be entered into.
6. GK-Plug and Play reserve the right to change the program timeline at any time, so please check your email regularly for important updates.
7. GK-Plug and Play reserve the right to change these terms and conditions at any time, and by applying to the program, you agree to abide by the most recent version of this.

TO APPLY:

1.  Send an email to nadira@angin.id with the subject “GK-Plug and Play Application”
2. Attach your most recent pitch deck.
3. Send the email!
Applicants with ANGIN referral are given special consideration to the GK-Plug and Play program. We look forward to seeing your decks!

[RECAP] Tanijoy Soft Launch

On Monday (23/4), ANGIN was invited to the soft launch of Tanijoy Investasi, a startup which connects field partners with small farmers in order to ease and bring transparency to their investments in agriculture. During this soft launch, several speakers were invited to share their knowledge and experience about agriculture and Indonesia’s economy as a whole. The panel consisted of four experts: Poltak Hotradero (Senior Researcher at Indonesia Stock Exchange), Muhaimin Iqbal (Founder & Chairman of Indonesia Startup Center), Romy Cahyadi (CEO of Instellar), and M. Nanda Putra (Co-founder & CEO of Tanijoy).

Here are the key takeaways:

  • According to Mr. Poltak Hotradero, startups such as TaniJoy should be able to make use of their data as it is the value of the startup. Data are very powerful when used correctly, and that is something that other corporations don’t have. For example, startups know exactly the profile of their users.
  • Mr. Muhaimin Iqbal talked about the problems faced by Indonesia, especially in the agriculture sector. Indonesia, despite its potential, has no self-sufficiency in food.
  • The problem lies in how little investments goes to farming in Indonesia where food is always in high demand.
  • Indonesia’s consumption of meat and vegetables are very low compared to the world average. Consumption of meat is only a quarter of the global average, and consumption of vegetables is only a third of the global average.
  • Banks would only allocate around 3 – 6% for agriculture, which shows how little investments go to agriculture and farming.
  • With TaniJoy, it would help people to invest in agriculture in an easy, safe, and transparent way.

We are so excited with the soft launch of Tanijoy, and we hope the social impact it brings would be an inspiration to all. Best of luck for TaniJoy!

 

[RECAP] Hivos x Connector.ID

Connector.ID is proud to collaborate with Hivos’ Social Entrepreneurship Support Program, Idea Jam, in delivering a workshop for building a Business Model Canvas on Friday (20/4). Nadira Dinisari from ANGIN was leading the 3-hour long workshop in Code Jam Margonda, Depok with Sarah Ramadhita from Hivos as the moderator. Most of the startups in this program have social impact as the core value of their business. Their ideas range from renewable energy to sustainable farming.

Some key takeaways from the workshop:

  • The Business Model Canvas should give the structure of your business plan and contain elements that provide a coherent view of a business’ key drivers.
  • The Business Model Canvas is meant to evolve as you move through the following steps. It should be updated and refined whenever there is an update in information.
  • When you are thinking about the value proposition of your business, think about how you can map it to each customer segments. One value proposition may speak louder to a certain segment than another. This also applies to the channels of communication since not all segments can be captured through only one channel.
  • It is also important to think about how each customer segment can bring in different revenue streams for the business.
  • Key activities of the business is important in determining the key resources needed, who are the key partners, and finally the cost structure of the business.

It was really refreshing to be presented with startups who have a social impact in mind! We cannot wait until each startup under Idea Jam presents their finalized pitch decks. Best of luck!