The final of the three training sessions was held in the enterprise incubator at GCU and was facilitated by Ann Davidson from SIE.
SIE aims to help students in Scotland discover their entrepreneurial talent and start up their own ventures. Their mission is to help create new student and graduate businesses and social enterprises.
The support a range of student and graduates from initial ideas to those with established ventures. They provide a calendar of competitions throughout the year offering between £100 and £50, 000 in prizes.
This training session aimed to crystallize the ideas that the entrepreneurs had been developing over the course of the training sessions through the Business Model Canvas. The Business Model Canvas is a strategic management and lean start-up template for developing new or documenting existing business models. It is a visual chart with elements describing a firm's value proposition, infrastructure, customers, and finances. It assists firms in aligning their activities by illustrating potential trade-offs.
This training session allowed SMEs to develop their own business model canvas in detail which received extremely positive feedback. The session also served to enlighten GCU staff members on the type of support that student and graduate start ups need. This will inform the development of U-Hatch, the new GCU enterprise incubator.