Overview
The UT Austin Portugal Program fosters entrepreneurial thinking in academic research to create a thriving innovation ecosystem throughout Portugal.
TechLaunch provides an introductory foundation for participants to explore the viability of business ideas. This bootcamp is open to all entrepreneurial minds — researchers, engineers, scientists, artists, musicians, and business and creative minds — who are ready to solve problems and turn their ideas into potential businesses.
The bootcamp is intentionally oriented to simulate the time- and cash-constrained environments in which startups operate, with instructors who will push, challenge, and question your business idea to provide direct, open, and constructive feedback. Teams will conduct customer discovery interviews to gain real-world insight into their customer bases and learn how to adjust their proposed business models based on market needs.
What can you expect from this advanced training program
Nine out of ten startups fail.
Half of all failures are attributed to the lack of market need for the product or service.
You’ll explore the viability of your business ideas through the customer discovery process, gain real-world insight into customer bases, and learn how to adjust your proposed business model based on market needs.
TechLaunch helps you learn the ropes of entrepreneurship, understand industry requirements and challenges, and ultimately transform your research from ideation to commercialization.
How? By:
- Learning entrepreneurial skills to transform your cutting-edge research from invention to impact.
- Developing an understanding of your research’s commercial value.
- Mastering the customer discovery process to explore and understand your research’s commercial value.
- Understanding industry requirements and challenges.
- Learning how to establish product-market fit, how to adjust and validate your proposed business model based on market need, and how to find potential beachhead markets for your technology.
- Validating your business model, learning how to commercialize technology, and overcome barriers to its adoption.
- Improving your odds for commercial success and expanding your network of peers, mentors, customers, and potential investors.