Pilot testing seminars in Cyprus

 

Pilot testing seminars in Cyprus

February , 2017      

Pilot testing seminars in Cyprus

Pilot testing seminars in Cyprus

The pilot testing phase of SCIENT took place in Cyprus between June and December. This phase consisted of 4 main stages:

  • 1st stage: 40-hours of in-class training for 18 participants, of which 14 were STEM PhD students or graduates. The participants had the opportunity to learn about entrepreneurship, building their own team, developing their business idea, testing its traction, how to utilise business models like the Business Model Canvas, pitching, lean business plan, IPR issues, open innovation, development of soft/leadership skills. During the theoretical part a guest speaker would also join the group and explain how the particular subject is relevant or is practiced in reality. Guest speakers included successful entrepreneurs, start-up founders, IPR expert, entrepreneurship and start-up experts, researchers turned into entrepreneurs, business consultants and business angels.
  • 2nd stage: during the in-class training and following its completion, the SCIENT participants had the opportunity to visit more than 12 companies across Cyprus, learn about the founder/s’ history, the challenges they faced, the company’s products and services and how they have developed over time, their business development strategies and the advice they want to give to young entrepreneurs. Participants were given a detailed list with the description for each company and they were able to choose which companies they wanted to visit.
  • 3rd stage: internships at local and EU level: 10 participants were able to travel to another EU country for a week and visit a company that operates in an area close to the young researcher’s interests/expertise. Another 4 participants had their internship in Cyprus, working closely with a Cypriot entrepreneur for a week and learning about the company’s practices, procedures and operations.
  • 4th stage: SCIENT participants who wanted to develop their business idea further were given the opportunity to have one-to-one mentoring sessions with the SCIENT trainers, discussing in detail their idea, fit to market, growth opportunities and deciding if they wanted to continue with the same idea, pivot or develop a new business idea with higher growth prospects.

 

The participants of the SCIENT pilot testing phase in Cyprus expressed their enthusiasm and gratitude for the opportunity offered to them in discovering a new world and they acknowledged that this has opened new career paths and has helped them in developing a different mindset.