All-Innovate

Stage: Equip. For:Students and research staff. Term: Hilary

 

Programme overview 

All Innovate graphic

All-Innovate is the University of Oxford's idea competition aiming to encourage students and staff at the University of Oxford to develop an entrepreneurial skill set and generate entrepreneurial ideas, regardless of discipline, level of study or entrepreneurial experience.

Submit any idea to gain the knowledge, support and skills needed to expand your entrepreneurial mindset and take the first steps into entrepreneurship. No idea? No problem! Sign up to find a list of ideas ready to choose from. The purpose of All-Innovate is to encourage anyone who wants to gain an insight into the world of entrepreneurship - your idea doesn't have to be perfect or fully formed.

Once you have signed up, you will be given access to Validate - a startup ideas platform that allows you to ideate, plan, test and share entrepreneurial and innovative ideas. As part of All-Innovate, we're running four optional training sessions during Hilary term 2024, through which you will gain the skills to create a Business Model Canvas (BMC) while building an entrepreneurial network.

For those who would like to explore their idea further, there is also the option to apply for £500 funding once your BMC has been created. Find all of the information on how to sign up, how to apply for funding and all of the key dates below.

Who Can Apply? 

All undergraduates, postgraduates, DPhils and research staff from any department of the University of Oxford are invited to sign up to the competition with an entrepreneurial idea or choose one of ours to get you started.

Sign up is now closed 

More Information 
Key Dates

 

Wednesday 17th January 2024 - Wednesday 7th February 2024: All Innovate workshops (Optional)

Attend the four workshops to learn key skills, build your network and work on your idea by creating your Business Model Canvas (BMC) in Validate. Click here to read more information on what each session will entail. Workshops will take place from 17:30-19:00. Refreshments will be provided and the trainers will be available for questions until 19:30. 

  • Wednesday 17th January - Session 1: Introduction to Entrepreneurial Principles
  • Wednesday 24th January - Session 2: Customer Discovery Deep Dive
  • Wednesday 31st January - Session 3: Crafting and Testing the Value Proposition 
  • Wednesday 7th February - Session 4: Building a Sustainable Business Model 

Friday 16 February 2024: Business Model Canvas portfolio submission deadline (Optional)

If you would like to apply for a chance to win £500 funding to explore your idea further, submit the link to your BMC Portfolio and upload your budget plan via Inkpath by noon, Friday 16 February 2024. All BMC portfolio entrants will have their BMC showcased to the audience at the All-Innovate showcase and celebration event!  

Wednesday 28th February 2024: All Innovate Showcase and Celebration (Optional)

Everyone is invited to attend the All-Innovate showcase and celebration on 28th February 2024, during which the winners of the £500 funding will be announced. If you would like to attend, please make sure to sign up to the event within the All-Innovate activity in Inkpath.

 

Workshops will take place on Wednesdays 17:30-19:00. Refreshments will be provided and the trainers will be available for questions until 19:30. 

The All-Innovate workshops are facilitated by Innovation Network and are designed to be interactive while covering the key principles of Design Thinking. Through hands-on activities, the workshops will provide you with key entrepreneurial skills and theoretical insights which you will be able to apply to your idea immediately. At the end of each workshop you will be given a suggested action planning activity. 
These action planning activities are designed to be completed over the week following each session, enabling you to actively apply your learning and make tangible progress on your next steps.

Innovation Network will be will be utilising two key collaboration tools: the Validate Business Model Canvas platform and Miro for ideation and collaboration. These tools are integral to maximising the effectiveness of sessions and ensuring dynamic, interactive learning experiences. There will also be optional AI linked exercises to support each section of the programme.

1. Validate Business Model Canvas Platform: This platform is a digital tool that facilitates the creation, testing, and validation of business models. It's designed to help entrepreneurs and innovators systematically understand, design, and differentiate their business ideas. Participants are encouraged to familiarise themselves with this platform as it will be used extensively for developing and refining business models.  
You can explore more about this tool and get a hands-on feel for its interface by checking out the Validate resources here.  All entrants will receive a welcome email with the All-Innovate specific link to create their account. 

2. Miro Platform for Ideation and Collaboration: Miro is an online collaborative whiteboarding platform that enables teams to work effectively together, from brainstorming with digital sticky notes to planning and managing agile workflows. It's excellent for visualizing ideas, mapping out strategies, and fostering collaboration in real-time. Participants will benefit from getting comfortable with Miro's features before the sessions start. To ensure that you are ready to use Miro, please follow the below steps before attending the workshops:

3. Integration of AI Tools for Enhanced Learning and Innovation (optional): Along with the Validate and Miro platforms, the program incorporates a variety of AI tools to support different aspects of the curriculum. These tools, many freely accessible, aid in streamlining processes, encouraging creativity, and providing insightful analytics. Key tools include:

  • ChatGPT by OpenAI: A powerful language model that can assist in content creation, market analysis, and customer service scenarios.
  • Google Bard: Google's conversational AI tool, useful for generating ideas, answering queries, and enhancing research. 

These AI tools will enhance the interactive and practical elements of our training sessions, preparing participants for the digital and AI-integrated business world. Participants are encouraged utilise the prompts provided to explore these resources to maximize their learning experience and further elevate their entrepreneurial concepts.

All these tools will play a crucial role in the interactive and practical elements of the training sessions, so we highly recommend spending some time exploring these resources to enhance your learning experience.
 

Workshop Overview

Session 1: Introduction to Entrepreneurial Principles
Topics Covered:
   - Introduction to Business Model Canvas
   - Understanding Market Needs
   - Navigating the Build Trap
   - Investment Dynamics
   - A Scientific Approach to Entrepreneurship
Action Planning Activity:
   - Develop an initial Business Model Canvas for your startup idea, focusing on customer segments and value propositions.

 

Session 2: Customer Discovery Deep Dive
Topics Covered:
   - Identifying Your Customer Base and early adopters using the Business Model Canvas
   - Problem Identification and Solution Validation
   - Developing and Refining your Value Proposition
   - Utilizing the Validate platform for customer feedback
Action Planning Activity:
   - Conduct customer interviews to validate the problem and solution. Update your Business Model Canvas with insights on customer segments and value propositions.

 

Session 3: Crafting and Testing the Value Proposition
Topics Covered:
   - Designing Value Propositions aligned with Customer Needs
   - Assumption Analysis within the Business Model Canvas
   - Minimum Viable Product (MVP) Development
   - Validation Techniques using the Validate platform
Action Planning Activity:
   - Create an MVP plan. Identify and test the riskiest assumptions using the Business Model Canvas framework.

 

Session 4: Building a Sustainable Business Model
Topics Covered:
   - Comprehensive Exploration of the Business Model Canvas
   - Understanding Key Activities, Resources, and Partnerships
   - Revenue Streams and Cost Structures
   - The Business Model Navigator 
   - Emphasizing Sustainability in Your Business Model
Action Planning Activity:
   - Complete a detailed Business Model Canvas for your startup. Prepare a Concept Description highlighting key aspects of your business model, including sustainability considerations.
 

 

If you would like to apply for a chance to win £500 funding to explore your idea further, follow these steps by the application deadline, Friday 16 February 2024.

  • Complete all 10 sections of your Business Model Canvas.
  • Complete the Project Summary (using less than <200 words) in your Portfolio and upload your budget proposal to the Summary section.
  • Send us your Portfolio DOCX via Inkpath by the submission date of noon, Friday 16 February 2024
  • Click Export from the Portfolio section of Validate.
  • Make sure you select all the following sections:
    • Introduction
    • Project Summary
    • The Team (if you have one)
    • Business Model Canvas
    • Customer Segments
    • Customer Relationships
    • Channels
    • Value Proposition
    • Key Activities
    • Key Resources
    • Key Partners
    • Costs
    • Sustainability
    • Revenue and Contacts.
  • Select download as .DOCX.
  • Rename your file YYYY-MM-DD-LASTNAME-PROJECT NAME.DOCX so we know it’s yours! 😊
  • Go to Inkpath, select the All-Innovate course and click on the activity (16-02-24) All-Innovate Submission Deadline (Funding and Feedback).
  • Click the button titled  “Click here for more information”.
  • You will be redirected to a MS Forms where you can upload your DOCX project.
  • Once submitted remember to mark the activity as completed on Inkpath!
  • Sit, relax and come to the showcase on the 28th of February where the winners will be announced!

All BMC portfolio entrants will have their BMC showcased to the audience at the All-Innovate showcase and celebration event, during which the winners will also be announced.
 

If you would like to get feedback from expert judges from the Oxford Innovation Ecosystem, send us through your entry by noon, Friday 16 February 2024.

  • Complete all 10 sections of your Business Model Canvas. 
  • Complete the Project Summary (using less than <200 words) in your Portfolio.
  • Send us your Portfolio DOCX via Inkpath by the submission date of noon, Friday 16 February 2024
  • Click Export from the portfolio section of Validate.
  • Make sure you select all the following sections: Introduction, Project Summary, The Team (if you have one), Business Model Canva, Customer Segments, Customer Relationships, Channels, Value Proposition, Key Activities, Key Resources, Key Partners, Costs, Sustainability and Revenue and Contacts.
  • Select download as .DOCX.
  • Rename your file YYYY-MM-DD-LASTNAME-PROJECT NAME.DOCX so we know it’s yours! 😊
  • Go to Inkpath, select the All-Innovate course and click on the activity (16-02-24) All-Innovate Submission Deadline (Funding and Feedback).
  • Click the button titled  “Click here for more information”.
  • You will be redirected to a MS Forms where you can upload your PDF project. 
  • Once submitted remember to mark the activity as completed on Inkpath!  You will receive your feedback within 2 weeks after the showcase. 
  • Sit, relax and come to the showcase on the 28th of February where the winners will be announced!
     

 

The £500 funding awarded to the BMC submission winners is for the teams to spend on exploring and developing their idea further. Winners of these awards will be announced during the All-Innovate Showcase and Celebration on 28th February 2024, and will be expected to provide a short report at the end of Hilary Term. 

 

Whether you have just thought about an innovative solution to an everyday problem and think you might have found a niche, or you have no idea at all yet - All-Innovate is for you! If you want to take part but don't have an idea just yet, no problem - you can choose one of ours! Just start the application process and you'll find a list of ideas ready and waiting to be developed.

For those who decide to submit their final Business Model Canvas for a chance to win £500 funding, entrants will be judged on the idea itself as opposed to how developed the idea is. 

 

Whilst the primary audience for the competition is full time students and University of Oxford staff, visiting students are eligible to enter, as long as they are in Oxford for the full academic year. 

 

All entrants will be invited to attend four specialist workshops designed to enhance and further your ideas.  

These workshops will provide you with practical tools and frameworks to help guide you in the development of your idea. Through interactive group sessions, working with peers from across the University, you will enhance your skills in creativity, complex problem solving and collaborating with others, all of which have been identified by The World Economic Forum as essential skills to thrive in the new world of work. 

These workshops are open to all entrants and are a fantastic chance to build your CV, meet new people and learn from our leading experts and facilitators. 

 

Business Model Canvas resources:

To prepare a sound business model canvas and for other entrepreneurial skills support we highly recommend you spend some time on these free resources: 

Top Tip - Try to keep your business model canvas simple, relevant, and intuitively understandable, while not oversimplifying the complexities of how your enterprise functions. (Osterwalder, 2010)

 

Validate resources:

 

For participants applying for funding:

 

EnSpire will not take any equity or claim any ownership in ideas or intellectual property (IP) created by teams or individuals through their participation in the All-Innovate Competition. 

However, if University research is involved or your ideas have been developed using other University resources or facilities, there may well be formal legal obligations between the University and its staff or the sponsor(s) of the research that you might not be aware of as a student entrepreneur. 

For more general questions about the All-Innovate competition, please email enspire@admin.ox.ac.uk 

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