Impact Miami is a Business Model Validation Lab in partnership with Uncharted hosted at the Idea Center of Miami Dade College. This accelerator is for early-stage, local entrepreneurs who are tackling social and environmental challenges.
The early stages of a startup are marked with questions. Who is my customer? What problems do they have? Do I have a solution to their problems? What are they willing to pay? Will I be able to break even? An entrepreneur’s ability to quickly convert these questions into answers is one of the few characteristics that separates successful startups from failed ones.
The problem is that few entrepreneurs know the rapid and systematic approach required to answer these questions. They go too slow, they focus on the wrong things in the wrong order, and they move forward without truly validating a business model.
THE LAB & CURRICULUM
The Business Model Validation Lab is designed to do one thing: provide entrepreneurs with a step-by-step methodology to rapidly and systematically validate their venture’s business model.