Important Dates and Deadlines
Milestone
Milestone #1- Register, Survey & Brainstorming
Milestone #2-Product Selection Graphic Organizer
Milestone #3 Key Activities/Key Resources*
Milestone #4- Value Provided*/Fall Feedback
Milestone #-5 Customers/Customer Relationships
Milestone #6- Technical Sketches
Milestone #7- Evaluate Marketing Tools Graphic Organizer
Milestone #8-Key Partners*
Milestone #9- Channels*/Select Marketing Tool
Milestone #10-Materials List and Costs Graphic Organizer
Milestone #11- Materials List and Cost
Milestone #11- Video: Prototype Building/Testing YouTube link
Milestone #12- Revenue and Benefits/Costs*
Milestone #13- Owning Your Information
Milestone #14- Video: Presenting Your Product YouTube link
Milestone #15- Submit Final Business Model Canvas
Deadline
9/11/15
9/25/15
10/9/15
10/23/15
11/6/15
11/20/15
12/11/15
1/22/16
2/12/16
2/26/16
3/4/16
3/4/16
3/18/16
4/1/16
4/15/16
4/29/16
*Indicates section of Business Model Canvas (BMC) that must be completed for Milestone credit. Please
see BMC Template for complete information and requirements for that section.
Milestone #1- Register, Survey, and Brainstorming
For this milestone teams will need to register for Innoventure by filling out the registration form on the home page
of the Innoventure website. Your team will need to create a four (4 question minimum survey that will help you
have an understanding of what products customers need. Your team will need to survey five (5) people and record
their survey questions in and the answers.
Teams can retype the questions and answers in a Word document, you can scan the surveys and upload them as
PDFs or JPEGs, or you can take pictures of the surveys and upload them as JPEGS. For your submission all surveys
will need to be emailed to innoventure@nmsu.edu by 11:59 p.m. on September 11, 2015.
Milestone #2- Product Selection
For milestone #2 you will need to narrow down the ideas you and your team have brainstormed to your top three
ideas. Once you have your top three ideas, you will need to compare and contrast them and decide on the product
that will make the most successful business.
For your submission, you will need to submit a completed graphic organizer (you can find this by clicking on the
Calendar link, scrolling to the bottom of the Milestone #2 description, and clicking on the PDF link) and
uploading it to the Dropbox link sent to your team by 11:59 p.m. on September 25, 2015. You can type the
information in the organizer, print it out and scan it, or type up the information in a document. Choose what works
best for you and your team.
Milestone #3- Key Activities and Key Resources*
Milestone #3 asks you to think about the things you will need to do a.k.a. Key Activities and Key Resources needed
in order to get your business going. Your key activities are similar to a “to-do” list for your business. What things do
you need to do to get your business going? Do you need to complete research on white boards in classrooms? Do
you need to speak with your principal and see what steps need to be taken to integrate your product in a
classroom? Do you need to go to Home Depot and price silicone caulking to put together your product?
To identify your key resources you will need to think about what role each person on your team plays in the
company.
For your submission complete the Key Activities and Key Resources portion in the Business Model Canvas
Reflection Template. Your template will need to be uploaded to the Dropbox link sent to your team by 11:59
p.m. on October 9, 2015.
Milestone #4- Value Provided/ Fall Feedback
For your Fall Feedback submission your team will need to complete the Value Provided section of the Business
Model Canvas Template. Your Fall Feedback will need to be uploaded to the Dropbox link sent to your team. The
deadline for Fall Feedback is 11:59 p.m. on October 23, 2015. *Note: Fall Feedback is the process used to
determine which teams continue on to the final competition. All teams continuing on to the final competition will
receive notice from the Innoventure Directors.
Milestone #5 Customer/Customer Relationships
Milestone #5 is an easy one, but it requires some thought. For this milestone your team needs to consider who
your customers are and how you will keep them. For your submission complete the Customer and Customer
Relationships portion in the Business Model Canvas Reflection Template. Your template will need to be uploaded
to the Dropbox link sent to your team by 11:59 p.m. on November 6, 2015.
Milestone #6 Technical Sketches
For this milestone your team will need to submit technical drawings of your prototype. There are several ways that
you can submit them. You can sketch them out with pen and paper and scan them. You can use an online program
like Google Sketchup or smartdraw.com. You can also use a program like AutoCad. If you use AutoCad, you will
need to export your designs to a pdf or take a screen shot and upload them as a JPEG or GIF. Please make sure that
the sketches include measurements and labels.
All technical sketches need to be uploaded to the Dropbox link emailed to your team by 11:59 p.m. on November
20, 2015.
Milestone #7 Evaluating Market Tools
For this milestone your team will need to evaluate several marketing tools and determine which tool will be the
best to promote your product. To help you evaluate each of the marketing tools, we have developed a graphic
organizer (at the bottom of this description).
For your milestone submission you will need to upload the milestone graphic organizer ((you can find this by
clicking on the Calendar link, scrolling to the bottom of the Milestone #2 description, and clicking on the PDF
link) to the Dropbox folder link sent to your team by 11:59 p.m. on December 11, 2015.
Milestone #8 Key Partners
To complete Milestone #9 your team will need to complete the Key Partners section of the Business Model Canvas
Template. This part of your template must be uploaded to the Dropbox folder link sent to your team by 11:59
p.m. January 22, 2016.
Milestone #9: Channels
For this milestone teams will need to develop a business name, a business slogan, and decide on a marketing tactic
(using the graphic organizer matrix for Milestone #7).
This information will need to be uploaded to the Dropbox link emailed to your team by 11:59 p.m. on February
12, 2016.
Milestone #10: Materials List and Cost
Every business needs to think about materials and costs associated with developing their product. Milestone 10
helps you organize your materials and determine what your team has spent creating your prototype. Your costs
should also be a factor when pricing your product.
To organize your materials and costs, complete the graphic organizer found at the end of the milestone description
on the Calendar page of the Innoventure website.
For your submission you will need to upload your graphic organizer to the Dropbox folder link sent to your team
by 11:59 p.m. on February 26, 2016.
Milestone #11: Testing Prototype
For this milestone your team will need to create a video that shows your testing some aspect of your prototype. If
the prototype works as anticipated, your team will need to explain what was successful and why it was a
success. If the prototype does not work as anticipated, your team will need to explain what modifications will
need to be made and how this will lead to a successful prototype.
To complete your submission, email your YouTube link to innoventure@nmsu.edu by 11:59 p.m. March 4, 2016.
Milestone #12: Revenue and Benefits
All of your hard work has paid off! This the last section of your Business Model Canvas Template!
For this milestone you will need to complete the Revenue and Benefits section of your Business Model Canvas
Template. Submit your section by uploading it to the Dropbox folder link emailed to your team by 11:59 p.m.
March 18, 2016
Milestone #13: Owning Your Information
Information regarding this milestone will be available closer to the Milestone deadline.
The deadline for this milestone is 11:59 p.m. April 4, 2016
Milestone #14 Presentation Video
For this milestone your team will need to submit a video of yourselves practicing your oral presentation. You do
not need to submit your PowerPoint or Prezi; however, you can use it in your video if you find it helpful.
Copy and paste the YouTube link to a Word document and upload the document to the Dropbox folder link sent
to your team 11:59 p.m. on April 15, 2016.
Milestone #15 Final Business Model Canvas
This milestone is an easy one! Your team will need to submit your complete Business Model Canvas for the final
competition. Make sure every section is complete, free of grammatical and spelling errors, and really shows off
your business.
All submissions will need to be uploaded to the Dropbox folder link that was sent to your team by 11:59 p.m. on
April 29, 2016. Late submissions will not be accepted.