Task: 1. You are to make a formal presentation to a Development Board, to persuade them to give you $50,000 to develop your idea further and to meet your expenses while you complete a Business Development Plan.

Task: 1. You are to make a formal presentation to a Development Board, to persuade them to give you $50,000 to develop your idea further and to meet your expenses while you complete a Business Development Plan. 2. Groups are encouraged to be creative in their approach. Use whatever props you feel are appropriate. Sample products are often a good idea. 3. A data show is available. If you use PowerPoint, remember to include visuals/graphics. 4. It would be to your advantage to set the room up before the presentation, in a way that is advantageous to you. 5. Dress appropriately; you are asking for money, this is a formal occasion. 6. Check the marking criteria and ensure that your presentation meets these. 7. The presentation will be 15-20 minutes long. A warning will be given at 16 minutes and you will be stopped at 20 minutes. A further 5 - 10 minutes is spent on questions. 8. Everyone must speak and participate equally in the presentation. 9. You may be questioned on a component of the business that you have not presented on. 10. Specifically, in the presentation, you are required to:  Give a clear explanation of your product/service  State the competitive advantage i.e. describe what is unique or special about the idea and why the idea will be successful  Give a profile of team members to convince the Dragons that you are worthy of a grant and have the necessary skills to spend their money wisely.  Identify the target market and hypothesise on market need using secondary research and why the time is right for your idea now  Give ‘ballpark’ financial requirements for the idea i.e. capital estimates, product/service cost components, selling prices etc.  Identify any major legal hurdles/areas of investigation  Show the grant requirements and how the money will be spent.  Answer questions from the Dragons.


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