The NSF SBIR “Beat-the-Odds Boot Camp” provides Phase I awardees with entrepreneurial training designed for early-stage companies that draws on the methods and customer discovery curriculum used in the NSF I-Corps™ Program.
Taught by National I-Corps instructors, the Boot Camp provides an immersive experience that pushes companies to develop stronger business models, market strategies, and successful products. The main goal is to provide early-stage companies with an introduction, or refresher, in customer discovery and business model validation.
The Boot Camp is held in a virtual format four times per year and lasts about two months, requiring about 10-20 hours per week from the participating team. At the end of the program, companies will understand how to verify product market fit and other business model elements.
Boot Camp Preparation
- Phase I Awardees who participate in the Boot Camp should form a company team that will include the Principal Investigator (representing the technology) and the President/CEO (or other member of the team responsible for driving the commercial effort).
- Register for this free “How to Build a Start Up” online course and watch all lectures.
- Complete the initial draft of your Business Model Canvas (click to download template).
- View customer discovery interviews (http://venturewell.org/i-corps/llpvideos), specifically those found under these sections: Before Leaving the Building, Outside the Building, Understanding What the Customer is Telling You, Back in the Building.
- Identify a minimum of 30 prospective customers to interview.
Boot Camp Format and Schedule
The I-Corps Virtual SBIR Beat-the-Odds Boot Camp will be offered quarterly. Company teams will be organized into Pods (small groups of approximately 6-8 company teams with a dedicated instructor). The eight-week program will consist of a Kick-off Lecture for all teams, three seminar-style sessions (every other week) with the Pod, three office hour sessions one-on-one with their Pod instructor (held during weeks when the seminar does not take place), and Final Lessons Learned Presentations with the Program Director.
SBIR Boot Camp Kick-off Meeting - 2 hour Introduction (all participants in lecture-style meeting)
Week 1 – Office Hours (company teams meet with their Pod instructors one-on-one)
Week 2 – 1st Pod Meetings (a Pod consists of an instructor and six to eight companies) Meeting times for each Pod will be provided.
Week 3 – Office Hours Only
Week 4 – 2nd Pod Meetings (meeting times for each Pod will be provided).
Week 5 - Office Hours Only
Week 6 –3rd Pod Meetings (meeting times for each Pod will be provided).
Lessons Learned Presentation – All day virtual event where each company gives a presentation that combines Pods by program director and instructors provide final comments to each company team. The program directors will attend this event.
Phase I applicants may budget up to $20,000 of their Phase I award funds to cover costs for the NSF’s “Beat-the-Odds Boot Camp.” Funds budgeted from Direct Costs for participation may be used to purchase tools for virtual customer discover (e.g., Zoom Meeting; LinkedIn Premium Membership), attend virtual conferences, support travel in the US (including conference fees) when the travel and meeting restrictions are lifted, and to support time and effort for working on Boot Camp activities. Refer to the budget preparation instructions in the solicitation or the FastLane Guide for more information.
Phase I awardees that participate in NSF’s “Beat-the-Odds Boot Camp” may reallocate up to $20,000 of their Phase I award funds to cover costs that were incurred as a result of participation in the Boot Camp. Please contact your program director and read more about revising a budget.