Entrepreneurship

IT’S IN OUR DNA

Lapid Leaders Africa is an entrepreneurial ecosystem where young leaders and entrepreneurs share the same goal: to bring innovative ideas to the marketplace. We supports students in their entrepreneurial learning by providing world-class resources and opportunities to connect and learn from other entrepreneurs

We are building a dynamic community of entrepreneurs and thought leaders who are using entrepreneurship to change the lives of people in Africa. We get several leading entrepreneurs to mentor or be guest speakers at the Entrepreneurship Labs. These sessions inspire Lapid Leaders to become innovative entrepreneurs.

Our entrepreneurship curriculum is an intensive hands-on, project-based lab in which the participants apply the concepts of design thinking and lean start up to design and test new business ideas that address real-world needs.
Our Entrepreneurship Labs use discussion and resources to develop a deep understanding of the problem; the goal is to create a solution with disruptive potential. These Entrepreneurship Labs are led by Market Experts, and provide engaging and highly practical discussion.
Our entrepreneurs have access to a diverse network of resources including mentorship opportunities from leading entrepreneurs, access to other incubators and accelerators such as the Ed-Tech Start-up Weekend among others.
Each of the activities that we expose the students to seeks to develop them into Innovative Entrepreneurs who can solve Africa’s problems.
We are in the process of developing an incubator that will provide supportive office environment to develop start-up companies and learn from mentors.

A FULL SPECTRUM OF SUPPORT

Many students join the Lapid Leaders Experience with little or no experience in entrepreneurship. However, our entrepreneurship ecosystem that is a rich learning environment of it’s own kind, and a bold, progress–driven culture, that embraces innovation and risk, has resulted in them setting up start-up companies or even social enterprises.

Module 1 – Entrepreneurship 101: The objective of the Module is to provide an overview and introduction into entrepreneurship.
Key Learning Outcomes:
  • What is entrepreneurship?
  • What are the key skills and characteristics that successful entrepreneurs possess?
  • What is the entrepreneurial mindset of a successful entrepreneur?
  • Do you have the interest and aptitude to be a successful entrepreneur?

Module 2 – Ideation I: Opportunities identification – Successful entrepreneurs must be able to recognize viable opportunities. The focus of the Module is to help the students understand “ideation” as part of the innovation process. 

Learning Outcomes:
  • Understand the Ideation process
  • Challenges the participants to expanding their thinking outside its usual confines in order to “think sideways.”

Module 3 – Ideation II: Creative ThinkingCreativity allows entrepreneurs to thrive in an ever-changing world and unlocks a world of possibilities.

Learning Outcomes:

  • What does creativity look like?
  • Why is Creativity important?
  • How can you unleash that inner creative genius?
Module 4 – Ideation III: Design ThinkingDesign Thinking is a powerful tool for innovation. Still, few entrepreneurs know how to really use design thinking to increase performance. In this Module, participants will be introduced to design thinking as a skill to move beyond the traditional boundaries of entrepreneurship.
Learning Outcomes:
  • Understand the design thinking process
  • Develop an awareness of how design thinking can be applied in a wide range of contexts, from the personal space to global issues
  • Develop a product or service to meet identified user needs through effective design thinking methods
Module 5: Business Model Canvas – This Module introduces Lapid’ers to how to develop a sound business plan using the Business Model Canvas
Learning Outcomes:
  • Understand what is a Business Model Canvas and its 9 sections
  • Develop a Business Model Canvas for their Business Idea
Module 6: Introduction to Market Research & User Research – Participants have been creating a Business Model Canvas that is based on assumptions. The goal of this Module is to test these assumptions with customers; to get feedback, learn, and update their model. Students will develop the skills to get out and talk to customers and determine the right questions to ask.
Learning Outcomes:
  • Understand the lean canvas model
  • Understand and develop tactics to test key assumptions in the business idea
  • Develop and implement a problem research / interview plan
  • Students will be assigned to mentors and begin working together
Module 7a: UX Masterclass – UX is everything you need to know, think about and do to make sure that you are launching the right product for the right people. The Module converges the world of innovation and users.
Learning Outcomes:
  • What is UX and why does it matter?
  • Understand the UX Process
  • Develop detailed customer profiles called personas
Module 8a: Product Development: During this Module, participants will develop a prototype of their business to test the efficacy of their idea before bringing it to full scale
Learning Outcomes
  • Explore the concept of a minimum viable product (MVP)
  • Create/design an appropriate MVP for their business.
Module 8b: Customer Development – Understanding who the customer is, what they want, how they behave, and where they are is part of the critical discovery process needed to turn a business idea into a successful business model.
Learning outcomes:
  • Develop Empathy Maps
  • Understand the Customer Development Model
  • Undertake “customer development” to identify unmet customer needs and formulate hypotheses about how to meet those needs in a feasible way
Module 9: Marketing for Start-ups – Developing a winning idea is an important beginning, but it won’t take entrepreneurs anywhere if they can’t market it. Participants will begin to understand how to build awareness and promote their business with the goal of getting customers.
Learning Outcomes:
  • Introduced to the various marketing tactics that startups use to make potential customers aware of their product or service
  • Develop marketing tactics to use to connect with customers to help test the MVP

Module 10: Business Development for Start-ups – Nothing happens until something is sold. This Module focuses on helping participants to develop selling strategies

Learning Outcomes:
  • Understand the art of sales: characteristics, tactics and planning
  • Differentiate between Marketing and Sales
  • Develop a targeted list of prospective buyers
  • Prepare a sales call preparation / pitch
Module 11:Accounting for Start-ups – This Module will cover the fundamentals on how to determine the financial viability of a business.
 
Learning Outcomes:
  • Learn about pricing strategies and develop a pricing strategy and price to be tested for their product or service
  • Define the market size opportunity for their business in terms of a total addressable market and serviceable addressable market
  • Complete a financial model for the business and compare how different revenue and expense inputs impact viability.
Module 12 a: Revised Business Model Canvas: Update the BMC with the results of the research
Module 12 b: Evaluation and Validation: At this stage, students begin testing their more refined business model assumptions which have evolved into an MVP. The main concepts of this lesson are reinforcement and application of the Build/Measure/Learn cycle, gathering data, and interpreting data.
Learning Outcomes
  • The goal of this phase is to validate Product/Market fit by placing the MVP with potential customers and measuring the response
  • Students will launch and measure the effectiveness of their MVP with tracking tools and through the interpretation of results

Module 13: The Pitch (Project Challenge Day) – The Experience will culminate with squads pitching their business story to investors and mentors. The participants will be charged with developing the financial story that supports whether a business idea and team should be awarded funding to continue and pursue their idea. Participants will choose whether the pitch is an academic activity only or a pitch for real funding.

Learning Outcomes:

  • Be able to determine if a business model is repeatable, scalable and worth funding
  •  Learn the process of developing a pitch to investors which includes: clearly presenting their product solution, the problem they are solving, the evidence they have gathered during the Labs to support further pursuit, and the financial viability of their model

Insights