Accelerator Program (Team, No Collaboration Zone)

$55.00

Summary

The ‘NEXT’ Innovation App supports a learner team and an external mentor through an innovation accelerator program following a Lean Launchpad based methodology. Students will be provided with feedback from peers, mentor and program coordinator as they progress through the innovation journey.

The goal is for the team to develop and pitch a viable, high potential innovation concept to an ‘investment’ panel. They are expected to demonstrate the desirability, feasibility and viability of their concept with a digital or physical prototype and evidence of research & customer discovery. The program is generic and designed to be useful for startup, business or public good innovations across a range of problems and industries.

In this program, the team cannot collaborate with other teams in the cohort.

Learning objectives
  1. Apply innovation methods to develop a new  solution to a defined problem with the potential to create substantial value 
  2. Demonstrate and communicate the desirability, feasibility and viability of the innovation and its business model
  3. Integrate the skills, knowledge and experience of a diverse team to develop a solution
  4. Reflect on self and peers team-working skills and implement strategies to improve individual skills and overall team performance
  5. Exercise responsibility and accountability in relation to own learning, teamwork and professional practice
Deliverables / assessments
  1. Problem Identification - (3 ideas - 500 words)
  2. Value Proposition - (2-4 slides - 1000 words)
  3. Team 360 reports - (Team 360 - 1600 words over 4 deliverables)
  4. Proof of Concept - (6-10 slides - 2000 words)
  5. Investment proposal and pitch - (10-12 slides - 2500 words)
  6. Reflection 5 R’s framework - (Self Assessment - 1500 words over 4 reflection blogs)
Content

Lean Innovation Framework - 15 x 5 minute videos

  • Problems and Ideas - Identifying potentially valuable problems to develop which create new value
  • Hypotheses - Development of business model to test and iterate their innovative idea using prototypes, research and customer engagement
  • Customer Development - Understanding the customer and future stakeholders, influencers and end users
  • Agile Development - Developing a mock up, prototype or minimum viable product

Project Learning Framework- 22 x 5 minute videos

  • Self - Development of self awareness and emotional intelligence
  • Project - Project Management skills
  • Learning - Utilise the experiential learning cycle
  • Business Analysis - Utilise concepts and tools to support structured analysis, insight development and communication of business issues.
External requirements
  • Appropriate external mentor for the team
  • Problem / theme / challenge area if required
Recommended hours / duration 120 hours, 8-12 weeks


 

Successful examples

The University of Sydney has run the NEXT Innovation Accelerator for more than 5 years with over 1000 students going through the program with industry & startup mentoring. The program  received a student satisfaction rating of 8.4/10 and industry mentor rating of 8/10. The program has been run by a further 8 Universities and both in curricula (for credit) and extra-curricular.


Licensing / Pricing

The price includes access to the template and 1 license. Each extra license can be purchased at the same price.

 

Frequently Asked Questions

How does the app work for your students and mentors?

The app includes curated high-quality content and a collaborative project learning structure developed through experience with >10,000 students delivering successful projects for more than 500 industry partners. 

How does the Practera platform help educators achieve great program outcomes?

Educators who purchase Practera GO licenses for their students get free access to the Practera online platform to enrol participants, form teams and monitor progress. Our world-first AI-based experiential learning assistant helps you deliver a truly successful and engaging experience by flagging up whenever something needs your attention.

What are licenses used for?

You need a license for each participant that you want to enrol in your experience.

Is there an ongoing cost if I buy licenses?

No. Practera GO experience licenses are once-off purchases. You can simply buy more if you want to add new participants any time.

What happens after I buy one or more licenses?

After you made a purchase, you will receive your login credentials within 24 hours via email. You can use these to register your account, which will be pre-populated, tested and ready to be launched with your selected experience and the number of licenses you purchased. (See Step 2 above)
After you have registered, you will have access to all Practera GO functionality and can enrol your participants anytime.

How long will it take until I can enrol my students?

Everything is ready to go, so you can launch in no time. We have seen successful program roll-outs within 72 hours!

Will you help me to launch my program?

Of course, we are committed to make you successful! Our customer success team who all have an educational background are there for you. On the administrator platform you will have 24/7 access to our support tools and chat support during Australian business hours. 

Can I buy more licenses later?

Yes. You can come back anytime to purchase additional licenses, which will be added to your account.

Can I customise the experience?

If you need to edit the experiences, or author and brand - please ask us about
Practera Pro access to change content, the structure or the branding of the app.

 

Who delivers the experience?

In the standard Practera GO model, you deliver the entire experience. For experiences with real clients or projects, you will need to find these for your students (or let the student find them) before you can enrol your participants.
We do offer full-service program management options where you can simply provide us with a list of students and your required type of experience and we will provide real projects, clients, mentors and delivery services.

Is the user data secure?

Yes. We have the highest standards for our data privacy and security. You can read our public statement about our data policy here

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