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Photo session with Skystar Ventures Bootcamp participants (Doc. Skystar)
Tangerang – Skystar Ventures UMN held a Bootcamp from Monday (1/30/2023) to Wednesday (1/2/2023) as the final selection stage for students before officially entering the Batch X incubation program.
In the Bootcamp, Skystar Ventures UMN provides several valuable materials for students when building startups. The material is root-cause analysis, design thinking, and setting the metrics and goals.
On the first day, participants who registered as individuals were given the opportunity to introduce their business ideas and find the right team. A total of 23 students participated in this program, with three of them coming from Universiti Brunei Darussalam.
One of the Skystar Ventures Bootcamp groups (Doc. Skystar Ventures)
A total of eight teams were formed from the introduction and division of the teams.
After the participants are divided into the appropriate teams, they are given a problem statement which must then be analyzed using root-cause analysis. Root-cause analysis can help participants determine the problem, find the root of the problem, then identify strategies that can be used to solve the problem, quoted from OESE.
On the second day, participants were taught about design thinking. Design thinking is a non-linear, iterative process that teams use to understand the customers of their products, question assumptions, redefine problems, and create innovative solutions for prototypes and tests.
According to the Interaction-Design Foundation, design thinking has five stages: empathize, define, ideate, prototype, and test.
Participants were taught about setting the metrics and goals on the third day. Metrics help provide an objective picture regarding the development of a startup business.
Some important issues that must be measured when running a startup are revenue, activation rate, customer acquisition cost (CAC), lifetime value (LTV), retention, and referrals.
After passing through the Bootcamp stage, participants who pass will be greeted in a Kick-Off session to provide a six-month incubation program.
Want to know the latest activities of incubation program participants? Follow our Instagram @skystarventures and @skystarventuresprogram!
By Putu Wiena | Skystar Ventures
English translation by Levina Chrestella Theodora
Kuliah di Jakarta untuk jurusan program studi Informatika| Sistem Informasi | Teknik Komputer | Teknik Elektro | Teknik Fisika | Akuntansi | Manajemen| Komunikasi Strategis | Jurnalistik | Desain Komunikasi Visual | Film dan Animasi | Arsitektur | D3 Perhotelan , di Universitas Multimedia Nusantara. www.umn.ac.id
