After the Business and Entrepreneurship workshop, the pitching process begins and lasts for about 3-4 weeks.
Each entrepreneur pitches his/ her idea in front of a group of Oasis500 staff. The entrepreneur later receives feedback, either asking them to re-pitch and fix their presentations according to the feedback; or they are accepted to the later stage of pitching
The entrepreneurs that were accepted during the in-house stage will be asked to pitch at the Jury pitch, which will be attended by several investors as well as some Oasis500 staff. After the entrepreneurs finish their pitches, they will receive feedback regarding their pitches, either asking them to re-pitch and fix their presentations according to the feedback; or they are accepted to the Business Model Training.
-Business Model Training:
At this stage, the entrepreneurs will be invited to attend the 2-day Business Model Training, where each entrepreneur will have the chance to individually work on their own business model, with the help of the trainer. In this training, they will learn about key partners, key activities and key resources. Furthermore, they will learn about their value propositions, how to create customer relationships, and the numerous customer segments. They are also expected to know the different channels in which they can reach their customer segments; and finally, they will better understand their cost structure and their revenue streams.
After the 2 day Business Model Training, each entrepreneur will pitch their idea in front of Dr. Usama and our internal investment team as the final stage. This is where the decision is made on whether the entrepreneur will get the funding or will have to come back and re-pitch.