After much preparation, we at The Distiller Lab have begun our first Sprint. All the startups presented at a mammoth four hour session at the Center for Innovation on Friday, and it was very good to see each others’ ideas outlined so clearly! We’re definitely going to have fun working together.
Watch this space over the next few weeks, we’ll update the site with information about the startups sprinting together, as well as what we seek to achieve by the end of our 12 weeks. For now, here’s a quick heads-up.
What are The Sprints?
The Sprints are a part of an evolving framework that has been modelled on successful startup and software development methodologies along with some conventional wisdom acquired by the founders of The Distiller. Sprints occur within a 12-week time-boxed period in which the founders of a startup concentrate on developing the business. The framework wraps in The Distiller’s philosophies of community development, support and interaction.
Each startup has a set outcome for the end of its Sprints. This will be related to the stage of development the startup is in, so the outcome could be the refinement of a business plan through research; the development of a working prototype; seed stage investment by angels; or commercialising an existing product.
Milestones are set for each two weeks within the 12-week period, at which point the startups at the Lab get together for Business Therapy, in which they discuss the outcomes of the previous fortnight and together, brainstorm solutions to challenges faced.
Why are The Sprints important?
We believe that the likelihood of a startup’s success is defined in part by the company it keeps. It’s not just about dollars and cents: a startup in its earliest stages is like a child, and a good foundation of sound business principles and social responsibility within a supportive family environment is an enriching experience regardless of the outcome.
Furthermore, it is equally important to build an online community through active participation in social networking, knowledge sharing, and outreach. A community however cannot be announced, bought, or declared open. Its very existence requires that we listen to the needs of a demographic, build a framework to serve it, and then actively maintain it.
Watch this space
The Sprints are as much of an experiment for us, and so we’ll keep you informed of progress. It is hoped that the framework, if successful, will be a model for similar organisations to practise in enabling startups.
Together we shall strive for success.