“I love the customer discovery process because it provides a framework for finding a product-market fit.”
“Taking non-business experienced participants through a crash-course of entrepreneurship.”
“It made me think of my business model in a different way.”
“It’s hands-on, practical, real-world approach makes sense.”
“The knowledge and feedback from the Collaborative team of Mentors/Instructors.”
“Interaction of all the groups.”
“This program exceeded my expectations. All of the elements of my business are clearly organized and defined due to this program.”
“Beyond my expectations. Awesome experience.”
The innovators from this company had an idea to improve visual communications of materials developed during the collaborative phase of business meetings. The company completed LTU’s program and was eventually awarded a position in the Emerge Xcelerate Program earning them $20,000 in a convertible note allowing them to complete a functioning prototype.
This four-year-old, revenue-producing company decided to enter a new market with a new product that was developed from the waste stream of another industry. After going through the LTU program, the company verified with its target market of customers that they had developed a valuable new family of plastic products that are more affordable and more environmentally friendly.
This start-up company completed the LTU program and launched their business….10 months start to finish. After learning who their customers were, what they wanted, and how much they were willing to pay, this young company continued to work with the LTU Collaboratory to seek funding to “scale” their operations to handle the orders they received.
A police officer designed a very simple solution to a very aggravating problem experienced by public safety officers. This early-stage company went through the LTU program, refined their product based on extensive customer feedback, completed an industry-led design review, an investment review by a panel of investors, and is now selling products to retail outlets in Michigan as part of a 100 unit pilot.