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This process costs money, which professional investors are not willing to contribute, since their interest is in scaling a proven product and businessmodel into a growth business. Specifically, I often point to the NSF or the Small Business Innovation Research (SBIR) program for high-tech startups.
The trick is we use the same Lean LaunchPad / I-Corps curriculum — and the same class structure – experiential, hands-on– driven this time by a mission -model not a businessmodel. Mission-driven entrepreneurship is the answer to students who say, “I want to give back.
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