Friday, November 25, 2016

CUIB BOOTH CAMP 2016 (ENTREPRENEURSHIP AND INNOVATION)


The Catholic University Institute of Buea (CUIB) organizes an ongoing boot camp and/or Start-up compulsory program for seniors which is open to freshmen, Sophomore and Juniors as well as the general public who participate against a fee. 

 
The essence is to bring together developers, designers, sales people, product managers and curious entrepreneurs to share ideas, form a team, create products and launch start-ups within 54hrs. It begins with individual 60 seconds presentations, leading to the formation of teams around the best projects. The teams spend the rest of the weekend to work, seek the opinion of potential customers, validate their ideas and create prototypes with the help of experienced mentors and coaches. The last day the teams present their projects and receive guidance from a professional jury. Participants are trained into the art of pitching entrepreneurial ideas to gain recognition.

This yearly activity hosted in November for seniors ends with a business plan challenge contest in December of each year, it also marks the first time the students of bachelor of technology are taking part in the booth camp.



Some of the activities done are the booth camp are;
Training
Senior students are trained on different modules related to the business model canvas such as:
Introduction to pitching
Developing your business model ( all the phases)
Value proposition, customer segments and relationship
Key activities, key resources and key partners
Revenue stream and cost structure
Pitching of business ideas (59 seconds/individual)
The objective of this session is to allow each student to pitch the business idea in 59 seconds


Selection of the best ideas
The selection is done by a jury of professional coaches. The criteria used to select the best ideas are the following:
Value proposition
Description of the opportunity or problem that needs to be solved
Description of the product or service and its market
The qualification of the entrepreneur.
CUIB, is really doing a great work in bringing out the entrepreneurial skills out of their students