Steve Blank

FEBRUARY 25, 2014

Corporations running internal incubators face many of the same selection issues as startup investors, plus they must grapple with the issues of integrating new ideas into existing P&L-driven functions or business units. data that investors, accelerators and incubators can use to inform selection.

Incubator 310

Incubator Intellectual Property Startup Lean 310

Steve Blank

JUNE 26, 2015

Companies pursuing innovation can Buy, Build, Partner or use Open Innovation. Here the company is essentially incubating a startup. Horizon 3 groups need to be physically separate from operating divisions (in a corporate incubator, or their own facility.)

Lean 120

Lean Management Business Model Incubator 120

Steve Blank

NOVEMBER 13, 2012

Since then, I have been teaching Customer Development and running Lean LaunchPad style classes at variety of universities, national research laboratories, incubators, and startup communities throughout Japan. After three years of evangelizing, I am very pleased to see success cases emerging in Japan by following Customer Development Model.

Japan 292

Japan Customer Development Developer Customer 292

Steve Blank

MAY 29, 2019

The easy part is, “Let’s have an incubator.” So, if you think about how a large company can innovate, they could build, they could buy, they could partner, they could license. A third is incubators and makers’ spaces. By contrast, an incubator and accelerator is a point activity.

Incubator 331

Incubator Lean Programming Government 331

Steve Blank

JUNE 6, 2016

Evangelos Simoudis’ is the founder and managing director of Synapse Partners. His investing career started 15 years ago at Apax Partners and continued with Trident Capital. they often confuse the vehicles to innovation –a venture fund, or an incubator or something else — with actual innovation.

Silicon Valley 120

Silicon Valley Entrepreneur Fractional CTO Analytics 120

Steve Blank

MARCH 8, 2011

Over the quarter, teams of students would put the theory to work, using these tools to get out of the building and talk to customer/partners, etc. We made clear that this class wasn’t an incubator. While we were going to teach theory and frameworks, these students were going to get a hands-on experience in how to start a new company.

Lean 298

Lean Business Model Customer Development Guinea 298

Steve Blank

JULY 2, 2015

My guests this past week on Bay Area Ventures on Wharton Business Radio on Sirius XM Channel 111 were: Pete Newell , managing partner of BMNT Partners. John Kuhn , who works at BMNT Partners. Pete is managing partner for BMNT Partners and serves on the Board of Directors for Solace Power and Savonix.

Channel 120

Channel Japan Bosnia Silicon Valley 120

Steve Blank

DECEMBER 30, 2014

Testing hypotheses with doctors, patients, payers, providers, purchasing departments, strategic partners is hard. Incubators are designed for teams with an idea. However, one of the bottlenecks in actually doing Customer Discovery for medical devices/health care is testing how minimal viable products work in-context.

San Diego 261

San Diego North Carolina Chicago Lean 261

Steve Blank

JUNE 11, 2012

The NSF I-Corps Lean LaunchPad class has different goals then the same class taught in a university or incubator. In an incubator, the Lean LaunchPad develops angel or venture-funded startups. In a university, the Lean LaunchPad class teaches a methodology the students can use for the rest of their careers. Here’s what they found.

Lean 248

Lean Incubator Business Model Georgia 248

Steve Blank

MARCH 31, 2014

They can partner with suppliers, co-create with consumers, open-source key technologies, open their application programming interfaces, or run open incubators for customer ideas. Other smart companies are learning how to use Open Innovation pioneered by Henry Chesbrough who teaches here at EDADE.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Steve Blank

DECEMBER 17, 2015

In the first stage the Outpost focusses on networking and partnering in the Innovation Cluster in which it is based (i.e. In the second stage, it moves into Investing, Inventing, Incubating and Acquiring technologies and companies, and in the third stage building product(s ). Academics, consultants, incubators.

Silicon Valley 120

Silicon Valley Incubator Acquisition Business Model 120

Steve Blank

JANUARY 22, 2013

My co-author and business Partner Bob Dorf spends much of his time traveling the world teaching countries and companies how to run the Lean LaunchPad program. Lean LaunchPad Colombia starts again today in Bogota with 25 more teams of tech entrepreneurs and at 25 mentors from the country’s universities, incubators, and chambers of commerce.

Colombia 321

Colombia Lean Silicon Valley Coder 321

Steve Blank

JULY 13, 2021

Each week they test these hypotheses with customers and partners outside the classroom (using customer development), then use iterative and incremental development (agile development) to build Minimal Viable Products. One of the goals of the class is to talk to 100 customers and partners. No one wants to be shown up by another team.

Lean 433

Lean Agile Business Model Business Plan 433

Steve Blank

OCTOBER 3, 2014

By week eight they were learning who they needed to partner with (see here ). When I teach in universities I’m not running an incubator. Most importantly they found a customer who taught them while weeding carrots was nice, thinning lettuce was where the money was. After 9 weeks their final presentation looked like this.

Lean 272

Lean Silicon Valley Customer Development Incubator 272

Steve Blank

JANUARY 22, 2013

My co-author and business Partner Bob Dorf spends much of his time traveling the world teaching countries and companies how to run the Lean LaunchPad program. Lean LaunchPad Colombia starts again today in Bogota with 25 more teams of tech entrepreneurs and at 25 mentors from the country’s universities, incubators, and chambers of commerce.

Colombia 271

Colombia Lean Silicon Valley Coder 271

Steve Blank

FEBRUARY 3, 2015

I remind my students that I’m teaching them a methodology they can use the rest of their careers, not running an incubator. Take a look through the slides below and see how their business model evolved with feedback from customers, channels and partners. If you can’t see the slides click here.

North America 120

North America Lean Customer Development Distribution 120

Steve Blank

APRIL 12, 2013

Inside the zones were Torch Technology Business Incubators with startups licensed by the local governments. A few foreign VC firms like IDG Capital Partners entered China in the early 1990s. Being designated as a Torch Program startup gave banks comfort to provide loans to these ventures for technology commercialization.

Venture Capital 271

Venture Capital China Offshore SBIR 271

Steve Blank

MARCH 7, 2012

Yet this isn’t an incubator. This team spoke face-to-face with 50+ end users, 3 manufacturers, 25 potential partners, 22 domain experts and surveyed an additional 115 customers. They had face-to-face interviews with 252 customers + 10 partner interviews + 76 surveyed. And do it in 8 weeks. Team EngineKites.

Lean 256

Lean Business Model Agile United States 256

Steve Blank

APRIL 11, 2013

Torch has four major parts: Innovation Clusters , Technology Business Incubators (TBIs), Seed Funding (Innofund) and Venture Guiding Fund. They provide consulting, promotion, product testing, hiring, training and incubation services to startups. Technology Business Incubators (TBIs). Innovation Clusters.

Programming 278

Programming Technical Review SBIR China 278

Steve Blank

JUNE 18, 2013

They get out of the classroom and talk to customers, partners and competitors and encounter the chaos and uncertainty of commercializing innovations and creating new ventures. We’ll also offer a version for incubators and accelerators in New York, September 22-24 th. Students learn by proposing and immediately testing hypotheses.

Lean 286

Lean Agile Customer Development Business Model 286

Steve Blank

MAY 16, 2016

This week teams figured out how to measure mission achievement and success, and our advanced lectures were on activities, resources and partners. This results not in innovation, but in Innovation Theater – lots of coffee cups, press releases, incubators and false hopes, but no real disruptive changes. See all the H4D posts here.

San Diego 142

San Diego Metrics Indonesia Silicon Valley 142

Steve Blank

JUNE 3, 2016

Translation: they learned a lot more, in a shorter period of time than in any other incubator, hackathon, entrepreneurship course we’ve ever taught or seen.). It drove a hyper-accelerated learning process which led the students to a “information dense” set of conclusions. Kim Chang was our lead teaching assistant.

Agile 120

Agile Security Audio Video 120

Steve Blank

AUGUST 5, 2010

Second, and full disclosure, I’ve invested in a few of these funds ; and third my teaching partner Ann Miura-Ko is a partner in one of these funds. YCombinator, Techstars, et al, have been described as incubators but in reality they are the new “Lean Angels.” Lean Angels.

Lean 258

Lean Internet Silicon Valley Venture Capital 258

Steve Blank

APRIL 12, 2013

Inside the zones were Torch Technology Business Incubators with startups licensed by the local governments. A few foreign VC firms like IDG Capital Partners entered China in the early 1990s. Being designated as a Torch Program startup gave banks comfort to provide loans to these ventures for technology commercialization.

Venture Capital 163

Venture Capital China Offshore SBIR 163

Steve Blank

AUGUST 17, 2009

All branches of the military (the Air Force and Army would fund the program as well) wanted Stanford to build prototypes of electronic intelligence and electronic warfare systems that could be put into production by partners in industry. The Navy informs Terman that, “money was not a problem but time was.”

Silicon Valley 142

Silicon Valley RSS California Government 142

Steve Blank

AUGUST 29, 2016

Like other parts of the Department of Defense (the Joint Improvised Threat Defeat Agency (JIDA) and the Defense Innovation unit Experimental (DIUX),) NGA’s Outpost Valley team is using a Hacking for Defense sprint to build a scalable process for recruiting industry and other partners to get solutions to real problems deployed at speed.

Lean 177

Lean Silicon Valley Government Acquisition 177

Steve Blank

AUGUST 29, 2016

Like other parts of the Department of Defense (the Joint Improvised Threat Defeat Agency (JIDA) and the Defense Innovation unit Experimental (DIUX),) NGA’s Outpost Valley team is using a Hacking for Defense sprint to build a scalable process for recruiting industry and other partners to get solutions to real problems deployed at speed.

Lean 177

Lean Silicon Valley Government Acquisition 177

Steve Blank

JANUARY 17, 2016

Clips from their interviews are below: Wayne Sutton is a partner and co-founder of BUILDUP VC , a Bay Area non-profit that connects, mentors, and educates underrepresented technology entrepreneurs. Looking to create their accelerator/incubator, Wayne and seven other founders rented a Silicon Valley house together one summer.

Silicon Valley 120

Silicon Valley North Carolina Cofounder Entrepreneur 120

Steve Blank

APRIL 11, 2013

Torch has four major parts: Innovation Clusters , Technology Business Incubators (TBIs), Seed Funding (Innofund) and Venture Guiding Fund. They provide consulting, promotion, product testing, hiring, training and incubation services to startups. Technology Business Incubators (TBIs). Innovation Clusters.

Programming 170

Programming Technical Review SBIR China 170

Steve Blank

JUNE 18, 2013

They get out of the classroom and talk to customers, partners and competitors and encounter the chaos and uncertainty of commercializing innovations and creating new ventures. We’ll also offer a version for incubators and accelerators in New York, September 22-24 th. Students learn by proposing and immediately testing hypotheses.

Lean 178

Lean Agile Customer Development Business Model 178

Steve Blank

FEBRUARY 22, 2016

He is also a co-founder of XediaLabs , a DC-based incubator that provides training and technical consulting to local startups. The other piece was that my partner had some of the Lean Startup process down cold. Additionally, he is the co-founder of ConnectYard , a social analytics platform for e-learning platforms.

Cofounder 120

Cofounder DC Entrepreneur Silicon Valley 120

Steve Blank

SEPTEMBER 2, 2015

Richard Witten , is a former General Partner at Goldman Sachs with with 35+ years of experience in the global capital marketplace. On the alumni side, we set up an incubator downtown, called the Columbia Startup Lab. … Make Way for Entrepreneurship – Why the era of the University as just pure science research is over.

Entrepreneur 120

Entrepreneur New York Cofounder Equity 120

Steve Blank

JUNE 5, 2018

Is your organization full of Hackathons, Shark Tanks, Incubators and other innovation programs, but none have changed the trajectory of your company/agency? In addition, companies and agencies have set up I nnovation Outposts (most often located in Silicon Valley) to be closer to relevant technology and then to invest, partner or buy.

Programming 320

Programming Incubator Leadership Silicon Valley 320

Steve Blank

NOVEMBER 25, 2013

Investors sitting through Incubator or Accelerator demo days have three metrics to judge fledgling startups – 1) great looking product demos, 2) compelling PowerPoint slides, and 3) a world-class team. We now have the tools, technology and data to take incubators and accelerators to the next level. We think we can do better.

Oakland 326

Oakland Incubator Lean Metrics 326

Steve Blank

DECEMBER 28, 2020

No university has said, “We should design the institution to have a bigger impact using academic work and join up with outside entities and organizations and partners to do that.” We as educators need to not treat solopreneurs or Main Street businesses as second-class citizens in our classrooms or incubators, or our meetups.

Lean 399

Lean Community San Jose Africa 399

Steve Blank

JUNE 8, 2017

The Department of Defense has expanded their use of Hacking for Defense to include a classified version , and corporate partners are expanding their efforts to support the course and to create their own internal Hacking for Defense courses. Another surprise was how applicable the “Hacking for X…” methodology is for other problems.

Silicon Valley 182

Silicon Valley Southern California Lean San Diego 182

Steve Blank

JULY 29, 2013

Its goal is to take the original idea and search for a repeatable and scalable business model - first by finding product/market fit, then by testing all the parts of the business model (pricing, channel, acquisition/activation, partners, costs, etc.). but instead jumped into bed to start a company. Everyone has ideas.

Cofounder 335

Cofounder Advisory Board Customer Development Leadership 335