2 min pitch video
For your video, please keep to the following format:
- Team intro (~15 sec) – Present the team that is making this innovative idea and product possible
- Value proposition (~10 sec) – My project, _____ (name of the project), is developing _____ (a defined offering) to help _____ (a defined audience) _____ (solve a problem) with _____ (secret sauce)
- Market opportunity (~40 sec) – Clearly identify the market opportunity you intend to take advantage of, and build business around
- Use GNSS (~40 sec) – How does GNSS fit into your product or service
- Call to action (~15 sec) – This is your wrap-up. It‘s a sentence or two about „why you?“
Example project by GNSS.asia
This is an example project to be used as a model by Galileo Hackathons participants.
The 9-Step Framework
The 9-Step Framework is a set of guidelines that will help you to better describe your ideas and project.
- It is time to give a very short peek into your product/service/solution or whatever else you have come up with
- Try to keep it as brief and to the point as possible (1 sentence). You want to grab the attention of the Jury and make them interested to read more about it.
2. Solution and Use case
- Now you can go deeper into the topic! Feel free to use 2 slides if you need it
- Be creative and structure the information well
- Indicate which of the 4 Galileo Hackathon challenges you are tackling
- Present your solution and try to answer some of the following questions:
- Q1: What is the problem you are trying to solve?
- Make at least one use case - a potential scenario on how your product or service specifically solves the identified problem.
- Q2: How can your solution be used to solve this problem?
- Q3: How does your solution work?
- Q4: Why is your solution unique?
- How does it compare to other players in the market, use metrics to compare (e.g. 10% faster, 20% improved accuracy)
3. Use of GNSS
- Time to get technical – Where and how does your solution use GNSS signals? This will be the favourite part of our GNSS experts to see.
4. Specific use of Galileo
- Which Galileo differentiators are used for your solution?
- You can find information on the Galileo differentiators in the Galileo Open Course.
5. Market potential
- Explain the market potential of your solution, which customer base it may tap into and how it could generate revenue.
- What is your customer segment?
- Customer segmentation is the division of potential customers in a given market into groups. That division is based on customers having similar: Needs or Buying characteristics
- What is the total addressable market (TAM)?
- The total addressable market is a term to reference the revenue opportunity available for a product or service. (e.g. You have a product that cost $5 and you identified 10 M people market that can buy your market, thus your TAM is $ 50M)
6. Innovation factor
- What is new and innovative about your solution?
- Types of innovation:
- The product or service – what we as an organisation offer the world.
- The Process – the way we create and deliver the product or service that we are offering.
- The position – who we offer the product or service to and the story we tell about it.
- The paradigm – the way we think about what our organisation does and who we do it for. The paradigm is sometimes called ”the business model”.
- Where does it add value to existing market offers?
- How does your product/service place itself in the big picture of the market
7. Technical back-end
- How do you plan to develop the technical back-end of your solution?
- How will you ensure that the GNSS-related requirements (e.g. accuracy) for your solution are achieved?
- Which technologies will you use?
- Have you developed any initial demo or technical solution? (this is not mandatory)
8. Proof of concept
- Demonstrate the commercial and technical feasibility of your solution
- Potentially create a minimum viable product (MVP).
- An MVP is a version of a product with just enough features to be usable by early customers
- Show a mockup of your product or service
- A product mockup is a model of what your final product will look like. (e.g. it could be a website interface, mobile application, design of the product)
- Present your team members, their expertise and why your team composition is optimal to ensure the credibility and potential implementation of your solution