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You can get funding from the Draft program to try out an innovative business idea. The program is available for students, staff and faculty of Karelia UAS and University of Eastern Finland.

Draft in numbers since 2012:

446 students, researchers, teachers and professors (18 in May 2017)

78 funded teams (4 in May 2017)

1.421.000 € amount of private funding collected by teams who participated in the Draft Program(r)

 

Draft program is funded by Karelia UAS, University of Eastern Finland, William and Ester Otsakorpi Foundation, PKO Regional Co-operative and CONNAX.


Step 1.

Register by 8.1.2018

Steps to follow

Send a description of your idea and your team via email to This email address is being protected from spambots. You need JavaScript enabled to view it. by Monday 8.1.2018. Information required in the registration email to This email address is being protected from spambots. You need JavaScript enabled to view it.:

  • your name and email address
  • names and emails of your team’s other members
  • a short meaningful title of your idea
  • short description of the idea and team + possible attachments
  • the name and email of the person who informed you about Draft call

Maximum length for the description is one A4 size of paper. All ideas will be handled 100 % confidentially. Remember to add your contact info. You can ask feedback via phone +358(0)503109657 / Heikki Immonen

 

What kind of ideas are suitable?

  • It can be a new product, service, app, business model etc.
  • We don't accept ideas that are being developed for an existing company

 

Who can participate?

  • Teams that have at least two members can apply
  • At least one team member must be a student, staff or faculty member of Karelia UAS or University of Eastern Finland

Step 2.

Present your idea on 24.1.2018

Teams with the most feasible ideas will be pre-selected to present their idea to the Draft board at Joensuu Science Park on 24.1.2018 at 09:00 - 16:00.

Steps to follow

  • Reserve your time slot infront of the board by contacting This email address is being protected from spambots. You need JavaScript enabled to view it., +358(0)503109657
  • Fill up the application form and return it signed before the start of your presentation.
  • Prepare a presentation using the presentation template. You can make the presentation to look like your own, but you should not change the order of the presentation.
  • You have exactly 5 minutes to present your idea and 10 minutes after that to talk with the board
  • Remember to arrive on location at least 20 minutes before it is your turn to present
  • Bring the slides you'll be using on a USB memory stick either in Powerpoint or in Pdf format
  • You will be notified whether you'll receive the funding by the following Monday
Selection Criteria
 
Draft judges will evaluate all ideas and teams using the three following criteria:
 
1. Who cares? Is there a real need for this idea? How big is the need?
 
2. Can you deliver? How convincingly the idea addresses the need? Short-term and long-term plans.
 
3. Is it worth it? Is it possible to build profitable or sustainable business out of the idea?
 
 
 
Any tips for the presentation?

 

  • Use images and illustrations in your slides, not text
  • Slides and speech should complement each other
  • Practise your presentation several times, for the 5 minute is absolute
  • With every slide, try to offer some evidence for what your saying is true. 
  • If you already have a demo or a prototype, you can take it with you if possible.
  • Think in advance what kind of questions the board might ask and include answers to these questions to your presentation.
  • If members of the board can google a similar or better version of your idea during the presentation and you didn't mention those ideas in the presentation, then it means that you didn't prepare well
  • After you've finished your 5 minute presentation, focus on listening what the board has to say

Up to 4000 € of development funding available for you - 1000 € at a time

If your team is selected, it has 1000 € of funding available for the next 8 months.

Do as follows

  • Write such a description of your team and idea that can be published here on Draft website
  • Send the description and accompanying images via email to This email address is being protected from spambots. You need JavaScript enabled to view it.
  • After the team profile is published, the funding can be used

 

How does the funding work?

  • Karelia UAS, the managing party of Draft program, will do all the purchases needed to develop your idea 
  • The money will not be paid directly to any team member
  • The team is free to suggest different types of purchases
  • These purchases will be done if deemed appropriate
  • After the teams development work is finished, all the equipment possibly purchased with the money must be returned to Karelia UAS
  • If the teams original idea isn't working, any leftover funding can be used to test a different innovative idea the team might have
  • Karelia UAS has the right to stop doing purchases that are seen as unappropriate. 

 

What can and can't be bought with the funding?

  • The funding can be used for a variety of purchases such as materials, supplies, equipment, special tools, travelling expenses, web domains, printing, online test marketing etc.
  • The funding can not be used:
    • team member salaries
    • hiring a business consultant or other expert
    • buying computers, laptops, tablets (unless such a device is a component of the actual product)

Other services for Draft teams

  • Business IT students of Karelia UAS can create demos as a study project. Draft teams can offer their own topic if they already have a company registered. Projects for students are selected out of all available projects. If team is interested in having a demo build out of their idea, they should email This email address is being protected from spambots. You need JavaScript enabled to view it.