AllStars Programme

 
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PROGRAMME DESCRIPTION

The AllStars programme is divided into three phases:  

PHASE I

A three (3) month, 10-module business start-up programme called FastTrac TechVenture created by the world renowned Kauffman Foundation, USA, starting end September 2011.

The first four (4) modules cover “Concept Analysis” which includes:

    • Exploring Entrepreneurship
    • Defining the Target Market
    • Conducting Market Research and Analysis
    • Testing Your Business Concept


The subsequent six (6) modules cover “Business Planning” which includes: 

    • Entering and Capturing the Market
    • Planning for Financial Success
    • Building and Compensating Your Organisational Team
    • Protecting the Business and Your Intellectual Property
    • Identifying Funding and Working with Investors
    • Managing Cash and Operating Your Business


Each module will be covered over a 3-hour training and coaching period that will include guest speakers, coaching, and development of practical action steps.

The overall programme will be driven using the FastTrac TechVenture methodology as follows:

a. Focus on the Business

In today’s marketplace, it’s not enough to know just about the technology or science. To be successful, entrepreneurs also need to understand the business behind it. How do entrepreneurs generate interest? How much is it worth? How do entrepreneurs profit from it? How do entrepreneurs sustain on-going growth? How do entrepreneurs obtain the  required financing? That’s where FastTrac TechVenture makes a difference. 

Via FastTrac TechVenture, this knowledge will be shared with the entrepreneurs. Thus, enabling  entrepreneurs to learn how to determine the best way to apply it to their situation to produce a product, build their company, and fulfil their vision. 

b. Learn by Doing 

Beyond theories and conjecture, FastTrac TechVenture takes an analytical look at the entrepreneurs business. It enables entrepreneurs to discover what they need to consider in starting, operating, funding, or growing a technology or life sciences-based business in a forum that allows them to:

    • Determine market opportunities and business strategies and pursue them successfully
    • Define their target customers
    • Develop a solid marketing plan
    • Learn to assess and build a top management team
    • Calculate the funding needed at each stage of their business and discover the best ways to access it
    • Learn the importance of protecting their intellectual property through licenses, patents, trademarks, and copyrights and
    • Hone their elevator pitch and investor presentation.


c. Make Contacts that Build their Network for Success

What many entrepreneurs like best about FastTrac TechVenture are the contacts they build. Our programme facilitators are knowledgeable entrepreneurs with an in-depth understanding of growing a business. They introduce entrepreneurs to the tools they need to evaluate their venture and obtain financing to build a sustainable business.

What’s more, entrepreneurs would also be able to participate in a global brand of business-coaching sessions, establishing productive relationships with other entrepreneurs – just like them. Entrepreneurs also gain one-on-one assistance in areas that are critical to the near-term and long-term success of their business.

d. Make the Most of Their Opportunity

The right time. The right technology. The right business foundation. Entrepreneurs will discover what they need to do to bring their technology venture to life with FastTrac TechVenture.

e. Coaching and Mentoring

During this period participants will also be provided with customised one-to-one coaching to help enhance their business idea.

f. Demo Day Pitch

The FastTrac TechVenture programme will conclude with “Demo Day”, the pitching of the entrepreneurs’ business to AllStars’ Mentors and Angel Investors, a group of top Malaysian ICT entrepreneurs. This will be the proving ground for their FastTrac TechVenture training. 

PHASE II

A further nine (9) months online coaching and monitoring programme upon successful completion of the FastTrac programme.

The coaches will be available online for coaching and advise to help the startups to continue developing their idea and to build upon their idea to create a sustainable business venture.

 

PHASE III 

In addition to the training and coaching provided above, the top 10 teams (A-Teams) selected by the Mentors and Angels during Demo Day will be provided with additional mentoring where AllStars’ coaches and mentors will work closely with the start-ups on a weekly basis, analysing business issues and developing solutions. A-Teams will also engage with top Malaysian ICT entrepreneurs, leveraging on their experience and networks.

The programme finale will be a pitch session to Malaysia’s top Angel Investors, who have committed up to RM5 million for investments in the best of the AllStars A-Teams.

WHO SHOULD APPLY

The AllStars Mentoring and Angel Investment Programme is open to all ICT start-ups at the Pre-seed or Idea Stage .

The ideal candidates will be Entrepreneurial teams (each team must comprise of at least two members) who have a great idea, loads of passion and the willingness to work full time to build a great company.

SELECTION CRITERIA

AllStars will evaluate all applications based on the following criteria:

    • Domain Expertise / Knowledge
    • Management Experience
    • Passion for the Idea
    • Appetite for Risk
    • The Idea’s Market Potential


Selection Process

To take part in the AllStar programme, please register here. Applications will be accepted on a first come, first serve basis and will close on 24 August 2011.

THE COACHES

The AllStars programme is brought to you by:  

    • Premesh Chandran, CEO, Malaysiakini
    • B. Dhakshinamoorthy (Dash), CEO, Warisan Global and Malaysian Host for Global Entrepreneurship Week


and we leverage on the experience and networks of the AllStars Mentors and Angel Investors:

    • Mark Chang, Founder and CEO, Jobstreet
    • Ganesh Kumar Bangah, Founder and CEO, MOL & Friendster
    • Richard Tan, Founder and CEO, Lelong.com
    • Bob Chua, Founder and CEO, Pulse Group
    • Afzal Abdul Rahman,  CEO, TimeDotCom
    • Ross Settles, Consultant, Knight Foundation


ABOUT ALLSTARS

AllStars is Malaysia’s first Mentoring and Angel Investment Programme. Modelled after successful programmes such as Y Combinator and TechStars, AllStars seeks to accelerate the growth of Malaysian ICT entrepreneurs, taking them from inception to the global market place.  We work on two mantras: “Do More, Faster”,  “Build Trust, Early”