Now Accepting Applications for the Summer 2020 Competition at UCSB August 9-16!

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Aug 9-16 entrepreneur COMPETITION

Aug 9-16 entrepreneur COMPETITION

Aug 9-16 entrepreneur COMPETITIONAug 9-16 entrepreneur COMPETITIONAug 9-16 entrepreneur COMPETITION

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Successful companies and businesses need entrepreneurial managers and employees who are resourceful leaders, independent thinkers, problem-solvers, and team players.

This one week intensive course focuses on hands-on, real-world application of entrepreneurial skills and tools. It rewards students by providing them with insights regarding how and when to use such business tools. The course focuses on principles, concepts, skills, practices, information, and choices relevant for start-up and early-stage entrepreneurs, entrepreneurial managers, and their stakeholders.


The 7-day competition includes real-world case studies, guest speakers, and visits to local start-up firms. Earn 2 unites of college credit and compete for $5000 in cash prizes.

Limited to 60 students who spend seven days living and working on campus and venturing out on field trips to local companies as they create and present their own business plans. Next Wave’s relationships with dozens of successful entrepreneurs support the academy’s real-world learning. 


The competition experience creates the opportunity for entrepreneurial spirit through fun, fast, practical, hands-on learning experiences that develop confidence and leadership skills. Games, role playing, business simulation and laughter are an integral part of our learning activities. Students learn how to translate interests and dreams into enterprise through action-based planning, goal-setting, budgeting, deadlines and instant feedback while building sustainable businesses under the guidance of successful entrepreneurs and business faculty. Their crucial, step-by-step advice helps students implement their business ideas. 


The following principles and practices of entrepreneurship will be covered:
 

  • Clarifying Your Idea
  • Taking Calculated Risks
  • Start-up BudgetCash Flow & Projections
  • Market Research
  • Marketing Strategies
  • Business Model Development
  • Sales Techniques
  • Channels of Distribution
  • Customer Acquisition
  • Building a Team
  • Business Launch Strategies
  • Outline a Business Plan
  • Investor Presentation
  • Elevator Pitch
  • Raising Investment Capital
  • Business Plan Competition

7-days

the prize money

the prize money

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You'll have seven days to put together your pitch, your team and your projects.

the prize money

the prize money

the prize money

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Get excited! We are giving away $5000 in cash prizes!

the instructors

the prize money

the instructors

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Top leaders in business and tech today. We have West Coast leaders and business executives from China and Singapore.

company tours

2 College Credits from UCSB

the instructors

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Hot new startups, Mom + Pop concepts that have scaled - we've got them all!

2 College Credits from UCSB

2 College Credits from UCSB

2 College Credits from UCSB

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UCSB, known for its tech incubator and cutting edge research and top economics programs will host the competition and allow students to experience living on one of the top schools in the nation.

local fun

2 College Credits from UCSB

2 College Credits from UCSB

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Surfing lessons, kayaking, hiking, paddle boarding, sailing, bonfires at the beach!

LEARNING OUTCOMES

Active Learning & Participation

ONE-TO-ONE BREAK OUT SESSION

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Create, identify, & differentiate sustainable value propositions.  Identify & determine financial and non-financial resources available for new ventures. Apply key concepts in a fundraising pitch, fundraising, business model development and market validation; sales, marketing & business development.



ONE-TO-ONE BREAK OUT SESSION

Active Learning & Participation

ONE-TO-ONE BREAK OUT SESSION

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Go beyond your business ideas and meet with music, art, and scientists that are making waves in their fields and can pave the wave for you to do the same.

Active Learning & Participation

Active Learning & Participation

Active Learning & Participation

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The best in teaching theories, a “learn by doing” approach that combines theory, group learning projects and practical lesson plans. Students write real-world, practical business plan presentations and are coached/mentored by successful entrepreneurs.

Now Accepting Applications for the Summer 2020 Competition at UCSB August 9-16!

Next Wave Competition Team

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Roger Kjensrud

Roger Kjensrud

Roger Kjensrud

Co-founder & CTO

Impact

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Thomas Muller

Roger Kjensrud

Roger Kjensrud

Director, Product Management & Applications Development 

Bruker Nano Surfaces

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Julie Avila

Roger Kjensrud

Julie Avila

COO

Partner Centric

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Jake Beahan

Christy Needles

Julie Avila

Vice President 

Productive Robotics, Inc.

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Christy Needles

Christy Needles

Christy Needles

Product Marketing Manager

AppFolio

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donegal fergus

Christy Needles

Christy Needles

Minnesota Twins Hitting Coach

Performing Under Pressure

judging criteria based on 100 possible points

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20 points - IDEA

  • Value proposition
  • Originality, innovation and thoughtfulness
  • Impact on big problem

20 points - PRODUCT/SERVICE

  • Differentiation from the existing competition
  • User experience
  • Identification and addressing of major relevant risks, and inclusion of contingency plans


18 points - PREPARATION FOR LAUNCH

  • Target market and customer identification and segmentation
  • Pricing model
  • Core revenue model and ancillary revenue streams
  • 3-5 year financial projections

20 points - EXECUTION PLAN

  • Marketing strategy
  • Sales strategy
  • Plan to scale

10 points - PROGRESS/TRACTION

  • Product development
  • Traction-to-date (relationships with key market participants, sales, downloads, website traffic, etc.)
  • Future measurable, achievable milestones

12 points - TEAM OR individual

  • Expertise of founding member/s
  • Commitment and motivation of founding member/s

Turn ideas into businesses

Productive robotics

Productive robotics

Productive robotics

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Named hottest robotics company of 2019 will walk you through their factory and their growth plan.  Meet the engineers and the founder.

Tech Hub

Productive robotics

Productive robotics

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Some of the best ideas are coming from the best beachside community in the world.  Meet the leaders of the tech world today!

venture capitalists

Productive robotics

venture capitalists

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Top west coast venture capitalists will be on-site helping you smooth out your pitch and fill in the gaps.

7 Fun-filled days at UCSB

Sunday

Day 1

Event Details

Sunday

Day 1

Welcome

Review Business Vocabulary

Introduction to Entrepreneurship

Business Simulation & Outdoor Concert 

Group Activity Ice Cream Social 

Free ...

Event Details

monday

Day 2

Event Details

monday

Day 2

Curriculum Review
Meet Classmates & Group Activity -

Characteristics of Successful Entrepreneurs & Leadership
What is a Business Plan? Review...

Event Details

tuesday

day 3

Event Details

tuesday

day 3

Curriculum Review 

Principles of Sales, Features & Benefits, Unique Selling Proposition (USP)
How to Use Social Media & Strategies to Promote...

Event Details

wednesday

day 4

Event Details

wednesday

day 4

Beach - How to Turn Your Passion Into a (surfing) Business
Field Trip, Company Tour 

Preparing Financial Projection & 3-Year Pro Forma Group ...

Event Details

thursday

day 5

Event Details

thursday

day 5

Curriculum Review 

Group Work Preparing Business Plan 

Computer-aided Design of a product
Group Work: Presentation Finalization Computer Lab 

F...

Event Details

More Events

Become a NEXT WAVE member

As a member of Next Wave Entrepreneurship Academy, you are instantly connected to a robust community of professionals passionate about new ideas and revolutionizing the existing marketplace. It’s easy to network with fellow entrepreneurs in your region and around the world. Whether you are a student, starting a new program at your school, coaching for the first time, volunteering your time to a local program, reconnecting with alumni, or advancing your skill set—we’re here to support you every step of the way!

About

We are a diverse group of educators, researchers, and business folks working together to ensure the brightest possible future for the next generation.  We are pleased to have Roger Kjensrud, the 

CTO from Impact as one our judges this year!  He'll be joined by  other local and national leaders to lead our participants through the curriculum and onto their path to making a difference for the better.