Startup Weekend Maui starts Friday and ends on Sunday with the final 5-minute presentations of the startup ideas created and worked upon during the 54 hours of the weekend.
The Startup Weekend judging criteria is broken up into three sections. Teams are judged according to the following 3 criteria (weighted equally):
- Business Model
- How does the team plan on making this a successful business? Have they thought about (either solved or identified problems) competition, how to scale, acquiring customers, their revenue model etc?
- Customer Validation
- Are teams building something that people actually want? How well does the team understand their customer and their customer’s needs. Did the team get out and talk to customers? What is the value proposition to customers?
- Execution & Design
- Have they established a “Minimal Viable Product” for the weekend (software, hardware, etc.)? *Note: an MVP is the minimum set of features to be able to start collecting data. Does it deliver a compelling and captivating user experience? Were they able to demo something functional?
We can’t wait to see what the Maui entrepreneurs will come up with by Sunday. Aloha.
If yesterday’s Pitch Bootcamp Workshop is any indication, this week’s Startup Weekend Maui will be an unforgettable experience,” according to Frank De Rego Jr., Director of Business Development Projects for Maui Economic Development Board (MEDB).
Now in its fourth year, Startup Weekend Maui kicks off this Friday, May 19, 6:30 pm and runs through Sunday, May 21, 9 pm. Presented by MEDB, the event will be held at the Maui Research and Technology Park in Kihei, Maui; starting at MEDB’s Malcolm Center at 1305 N. Holopono Street, Suite 5.
Those interested in an exciting opportunity to learn business creation skills can still register online at http://bit.ly/SUWMaui2017.
According to De Rego, everyone to participates in Startup Weekend Maui walks away with something new they’ve gained and/or learned about their startup idea and even themselves.
Kim Scott who plans to participate this weekend shared, “I was looking for an interesting activity I could do with my 19-year-old daughter so we participated in the 2015 Startup Weekend Maui. We were on the Waikapu Pickles team which went on to become very successful. At first, we didn’t know how we could contribute to this team. We had no food experience. But my daughter is an awesome artist and drew the logo for their company which is still used today. So don’t feel like you don’t have the right experience in order to participate in a Startup Weekend event, because everyone can make a contribution.”
“I really enjoy hearing all the cool startup ideas and the process to make these business ideas happen,” said David Pickett, who participated in MEDB’s last three Startup Weekends and who plans to pitch his startup idea this Friday. “I like to solve puzzles and problems and I really enjoy working on a team and networking.”
Among the many benefits of participating in Startup Weekend Maui is the opportunity to receive insight and advice from experienced and accomplished judges and coaches. Those who will be volunteering their time to support this year’s teams are:
|Erik Blair||Owner, The Accidental Consultant|
|Doug Nelson||Game-based learning producer and publisher, President, Kinection|
|David Fry||2015 SUWMaui Winner, President Tanuki Interactive|
|Beth Holiday||Business Coach, Master Trainer, Leadership Expert, Beth Holiday’s Hawaii Business Training|
|Chris Speere||Site Coordinator,UH Maui College’s Maui Food Innovation Center|
|David Daly||BDC Director, MEO, Inc.|
|Nick Heyd||Co-founder of Galley, a full-stack meal delivery app|
|Wayne Wong||Director, Hawaii Small Business Development Center – Maui Center|
|Jeff Milone||Co-founder/CEO of Invulu|
|David Morgan||CoFounder of Organic Themes, GivingPress and Kahuna Host|
|Omar Sultan||Co-founder Sultan Ventures and Founding & Managing Partner XLR8UH|
|Donavan Kealoha||Senior Associate, Startup Capital Ventures|
|Britanny Heyd||Managing Director & General Counsel, 1776|
|Luana Mahi||Owner, Principal Broker, Kismet Natural Foods Brokerage|
|Susan Yamada||Executive Director, Pacific Asian Center for Entrepreneurship (PACE), University of Hawaii|
For more information and to register for the 2017 Startup Weekend Maui, visit http://bit.ly/SUWMaui2017. For additional questions, please email firstname.lastname@example.org or call (808) 875-2300. Connect via Facebook (facebook.com/StartupWeekendMaui) for event updates.
Startup Weekend Maui is presented by the Maui Economic Development Board. Event sponsors include: County of Maui Mayor’s Office of Economic Development, High Technology Development Corporation, Pacific Media Group, Hawaii Strategic Development Corporation, HI-Growth Initiative and Startup Capital Ventures.
A big mahalo to Tarik Sultan, Manager Partner of Sultan Ventures, for leading yesterday’s “Business Model Canvas and Lean Startup Overview,” one of two free workshops MEDB has offered to prepare entrepreneurs for next week’s Startup Weekend Maui.
Those who attended yesterday’s workshop learned the value of the Lean Startup method, a scientific approach to creating and managing startups. This approach teaches you how to drive a startup – how to steer, when to turn, and when to persevere – and grow a business with maximum acceleration. It is a principled approach to new product development.
According to Tarik, the most important things for a new startup is having the right value proposition for the right customer segment and, more importantly, it has to be a unique value proposition. It means knowing what differentiates you from your competitors, identifying your customer segment, and making sure your product or service fulfills a need. Ask yourself – is my product or service a pain-alleviator, a game creator? Am I making my customers’ lives easier and/or taking away a pain that they experience day-to-day?
Tarik who, with this brother Omar, have been involved in every Startup Weekend in Hawaii since the beginning are looking forward to next week’s Startup Weekend on Maui happening May 13-15. “Personally, working with startups is great because I get to put on a different hat every day. One day I’m working on a lifestyle startup, another day I’m working on a clean tech startup. So it’s really cool to see the impact these entrepreneurs are having on the world.”
Don’t forget there’s one more opportunity to get ready for Startup Weekend Maui with the upcoming Pitch Bootcamp on Tuesday, May 10th. Perfect their startup pitches and receive feedback from peers and mentors during this free workshop. You’ll gain helpful tips on crafting a strong 60-second pitch for your startup idea and have an opportunity to hone your presentation skills through practice sessions. Dinner will be provided.
David Fry is a technology entrepreneur and small business owner. Fry is the founder of Tanuki Interactive, a web consulting company focused on the hospitality industry. In 2015, Fry founded Board.Vote, an online voting system for non-profit boards which won first place at Startup Weekend Maui. Fry lives in Haiku and serves on the board of the Haiku Community Association.
For many aspiring entrepreneurs, it’s exciting to come up with an idea for a new business. But after some initial brainstorming, and talking about an idea with friends, it can be challenging to take the first steps. Too many great business ideas are never pursued and remain nothing more than a daydream.
At it’s core, the value Startup Weekend provides is to help entrepreneurs overcome that inertia. In a single weekend, a small motivated team can take an idea and create a new business. The key factor is the ethos of the program, “no talk, all action”. An idea can easily fall victim to “analysis paralysis” – the endless brainstorming of the idea before any work is done. By focusing on the work first, a team can make a lot of initial progress, while learning and finessing the idea as it develops.
Startup Weekend also provides an opportunity for an entrepreneur to build a team. While it is theoretically possible for a single person to conceive and build a new business from scratch, a few good team members can make a big difference in the success of a project. Without a team, an entrepreneur often lacks the kind of feedback that could improve their idea. Team members provide valuable insight, specialized skills and much needed encouragement to continue. And beyond your team, Startup Weekend brings together a great team of coaches to provide advice when you need it.
Startup Weekend has become an important first step in the process for those companies seeking venture capital funding. An idea that is presented at Startup Weekend and nurtured through that process is then better prepared for a venture accelerator which can further develop the business to the point where funding is possible.
But many of the companies that succeed at Startup Weekend are not a good fit for venture funding. These teams still see a great value in the program because it helps to build a team, flesh out an idea and overcome the inertia to get started. Some of our previous participants in Startup Weekend have used the program as a launch pad to start successful companies here on Maui.
The 2016 Maui Startup Weekend is coming up. If you’ve got an idea for a new business, all you need is a 60-second pitch and a willingness to work one very long weekend to get it started.
Thelma Alane is the Innovation Manager for the High Technology Development Corporation, which includes managing HTDC’s Maui Research & Technology Center and the new Cohana Coworking space in Kihei. She is a serial entrepreneur who loves finding new and creative ways to use technology to solve our local and global pain points.
Have you been bitten by the startup bug? Are you passionate about an idea and want to figure out how to make that idea a reality? Then we have just the right event for you! Maui Startup Weekend, like all startup weekends is about bring people together with ideas, skills and know-how and work as a team to bring that idea to life. Here are some things that you should know or plan on before attending the event.
You’ll have only about 60 seconds to pitch your idea. So make sure to practice your delivery a few times before getting in front of the crowd. Getting in front of the group and pitching your idea doesn’t mean it will be selected to be worked on, so the better and clearer your delivery, the more likely you will win collaborators.
Things to include in the pitch:
- Define the problem/pain point your idea addresses
- Describe how your solution is the better mouse trap for this problem
- What kind of people you want/need on your team
That’s it, keep it simple and clear. Practice so that you can eliminate the nerves that can occur in speaking to a group and show your passion – real need, clear and definite approaches and passion will win collaborators to help you over the weekend.
If your idea gets picked plan to work the entire weekend to be ready for the Sunday afternoon presentation event. You will get help from coaches as well as collaborators. Depending on your idea, you want to make sure to attract developers/tech types as well as design/creative types to help you put a little know-how and polish on your final product. With any luck these folks could become part of your founding team to go from start up to full blown business…the ultimate wish of all of us with startup in our blood.
If your idea doesn’t get picked…plan to work the entire weekend on another idea. Trust me this will give you a ton of experience and learning on how to turn and idea into reality even if it isn’t your idea. This will either help you to figure out what to tweak on your own ideas or give you a clear understanding of just how much work and passion can be involved in starting and building a new idea into a business that may start out on Maui but could grow to be a global brand. So do this for yourself and your idea!
The Last Day
After working hard all weekend the final thing you do is give a panel of judges a presentation of your idea in the form of a prototype product or application that was developed over the weekend. This presentation is a kin to a product/startup pitch and extremely good practice for future start up endeavors. Pitching is an art that can be learned and will help you obtain collaborators, customers and investors, every presentation is one step closer to being comfortable and relaxed while doing the pitch. I can’t emphasize strongly enough how important this one step is in all you and your business will achieve over the next few years. And it will not hurt you to be acknowledged as the winner of this weekend event, not only are there prizes, but local media attention as well. Becoming known in the local community can be leveraged into support to achieve your more national or global dreams.
So bring your ideas, bring your skills and know-how. Work hard have lots of fun and meet like-minded people. A great way to spend a weekend! Good Luck – may the best idea & team succeed!
KIHEI, Maui, Hawaii – April 19, 2016 – In preparation for the 3rd Annual Startup Weekend Maui set for May 13-15, Maui Economic Development Board (MEDB) is offering two free workshops: Business Model Canvas and Lean Startup Overview on Thursday, May 5th and Pitch Bootcamp on Tuesday, May 10th. These sessions provide an opportunity to prepare for and/or learn more about Startup Weekend Maui, an empowering event that will provide entrepreneurs with an opportunity to learn how to launch a company in 54 hours.
Both workshops will be held at MEDB’s Malcolm Center at 1305 North Holopono Street, Kihei, from 5 pm to 8 pm.
The Business Model Canvas and Lean Startup Overview will present a template for developing new or documenting existing business models. Led by the winning team of Sultan Ventures and XLR8UH, this crash course will offer a powerful visual management tool outlining elements of a firm’s or product’s value proposition, its customers, and finances. The resulting data will help you align and evaluate your business activities by recognizing potential tradeoffs in a much easier and effective way – important information for any entrepreneur.
The Pitch Bootcamp will bring community entrepreneurs together to perfect their startup pitches and receive feedback from peers and mentors. Participants will also gain helpful tips on crafting a strong 60-second pitch for their startup idea and have an opportunity to hone their presentation skills through practice sessions.
“These events are a great ramp-up to Startup Weekend Maui and will help participants have the best Startup experience possible,” said Frank De Rego Jr., Director of Business Development Projects at Maui Economic Development Board. “Come join us to sharpen your entrepreneurial chops to get the most out of the intense, fast-paced Startup Weekend and to get a taste of how the Lean Startup methodology can help you reimagine how to do business.”
Startup Weekend Maui is presented by the Maui Economic Development Board. Event sponsors include County of Maui Mayor’s Office of Economic Development, High Technology Development Corporation, Hawaii Strategic Development Corporation, HI-Growth Initiative and Pacific Media Group.
KIHEI, Maui, Hawaii – April 5, 2015 – Maui Economic Development Board is currently seeking entrepreneurs to participate in this year’s Startup Weekend Maui set for May 13-15. Presented by the Maui Economic Development Board (MEDB), this empowering event will provide active entrepreneurs with an opportunity to learn how to launch a company in 54 hours. The event will be held at the Maui Research and Technology Park in Kihei, Maui; starting at MEDB’s Malcolm Center at 1305 N. Holopono Street, Suite 5.
In just one weekend, participants will experience the highs, lows, fun, and pressure that make up life at a startup. Surrounded by smart, passionate people and with the best tools and approaches at their disposal, they’ll take giant leaps in learning skills to create a business, work on a startup team, and connect with the right people and resources. Ultimately, it will be an unforgettable weekend that will put everyone on the pathway to success.
All Startup Weekend events follow the same basic model: On Friday, anyone is welcome to pitch their startup idea and receive feedback from their peers. Teams organically form around the top ideas (as determined by popular vote); and then it’s a 54-hour frenzy of business model creation, programming, designing, and market validation. On Sunday the teams will make their final presentations, receiving crucial feedback from experienced entrepreneurs and venture capitalists.
“Startup Weekend Maui is about learning by doing,” said Frank De Rego Jr., Director of Business Development Projects at Maui Economic Development Board. “This event provides a platform to acquire the skills and best practices necessary to build a solid business foundation. Successful entrepreneurs result in successful businesses which, in turn, provide a platform for future job creation and prosperity.”
Participants who register before the April 15th deadline will receive a 25% discount off the registration fee. Students with a valid ID will receive a 50% discount.
Startup Weekend is a global grassroots movement of active and empowered entrepreneurs of various skill sets who are learning the basics of founding startups and launching successful ventures. It is the largest community of passionate entrepreneurs with over 2,900 past events in 150 countries around the world.
For more information and to register for the 2016 Startup Weekend Maui, visit bit.ly/startupmaui2016 or contact Jessica Crouse at email@example.com, (808) 270-6811. Connect with Facebook (facebook.com/StartupWeekendMaui).
Startup Weekend Maui sponsors include: County of Maui Mayor’s Office of Economic Development, High Technology Development Corporation, Hawaii Strategic Development Corporation, HI-Growth Initiative, and Pacific Media Group.