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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, University of Eastern Finland, Riveria and Savonia UAS.

Draft in numbers since 2012:

515 students, researchers, teachers and professors (24 in January 2018)

94 funded teams (6 in January 2018)

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, Riveria, Savonia, William and Ester Otsakorpi Foundation, PKO Regional Co-operative, CONNAX and Foundation for Economic Education.


Step 1.

Register online by 10.9.2018

How?

Fill in the application form on 10.9.2018 at the latest
(You can change the language in the upper-right corner of the form)

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, University of Eastern Finland Savonia UAS or Riveria

Step 2.

Present your idea on 26.9.2018

Teams with the most feasible ideas will be pre-selected to present their idea to the Draft board at Joensuu Science Park on 26.9.2018 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 in the 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

Once the team has been selected to Draft Program, it will get a personal team assistant.

With the help of the team assistant the team will make a demo offer for the Program. The demo offer defines what kind of demo service or product the team will deliver within an agreed deadline. When the service or product has been delivered, Draft Program pays the agreed compensation for the team.

The team will have an opportunity to get additional funding by applying for the next rounds of Draft Program later.

 

How does the funding work?

  • At least one member of the team joins Draft course at Karelia UAS
  • 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
  • All purchased items, materials, equipment are owned by Karelia UAS
  • After the teams development work is finished, all the materials, items, and 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.
  • As a member of the Draft Program the team is expected to share their findings and experiences with other teams and broader public.
  • All purchased items, materials, equipment are owned by Karelia UAS
  • The funding can not be used for team member salaries

 

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.