Challenge - Prototype to Profit
Being an entrepreneur is about finding problems and turning them into opportunities. It’s about inventing new solutions that create value for customers and using those solutions to make money, because even the best ideas need funding to succeed.
At the heart of making money is finding the right business model type. The right business model type can be the difference between success and failure for an idea. And, sometimes, the business model type itself is the solution.
Get started on your Design & Pitch Challenge!
Challenge Champion Tyler Maloney explains your Challenge.
Read your Challenge Statement and get started!
The Challenge Context gives you more information about the background and real-world significance of the Challenge.
Tyler Maloney is an engineer and entrepreneur. Watch this video to learn what experts like Tyler think is important to consider when planning a business.
Explore factors that can affect the success of your solution.
The Challenge Guidelines instruct you on how to complete your mission for Prototype to Profit.
Read about what it means to complete a challenge. This document will help guide you through the process.
Not everything will be included in your pitch. Use this document to explain your process and describe your solution in detail.
Use this rubric to make sure that your solution covers all the required areas for Prototype to Profit.
Now that you have an idea for a solution, how do you set it up for business success?
This resource can help you get clarity about who your customers are and how your product creates value for them.
There are many ways to run a business. As you think about how to make money on your idea, consider these different business model options.
What solution did you come up with for Prototype to Profit? Get help with your pitch here.
Use this resource to build an engaging, persuasive pitch.
Use this sheet to judge how well you developed and delivered your solution for Prototype to Profit.