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Filed under: entrepreneurship

Lead To Win Fall 2010 Session

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Lead to Win (LTW) is a very successful program in Ottawa for entrepreneurs and entrepreneurial minded people. It's a program for individuals wanting to take their idea or business to the next level. I participated in the program this Summer (2010) and have since graduated the program. The courses offered are free and are given by some of Ottawa's best VCs, Angels and Entrepreneurs. As a participant you really get the chance to interact with others that are looking at creating a company/product. This is a great opportunity to not only learn from the presenters, but also learn from your peers. I can say that I have formed many connections in the Ottawa area that i wouldn't have had the chance to otherwise. Please see the website for more on the program's goals.

LTW is split up into 3 phases. After each phase there is a presentation on the product/service of the participant. The key is to incorporate the lessons learned form each session into the final presentation. Following the presentations, the presenters are rated (Green, Yellow, Red) by the guest judges. Participants are invited to attend the following phases based on their overall rating. Those that aren't yet ready for the next phase are strongly encouraged to a re-attend the phase. 

Lead to Win is staring up again this fall. Phase 1 is October 12-14 and Phase 2 is November 16-18. This is the last session of 2010, so APPLY NOW! 

This is your chance to create something great and get one of these...

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Questions to ask yourself before doing a startup

I recently participated in Round 1 of the Lead To Win program. This was an amazing experience and I got approved for Round 2 starting in end of June. This is a step towards the major league of Startups and Ecosystems. On the last day we had we had David Lisk (Industrial Technology Advisor) present. He asked us 4 questions that are supposed to test your readiness and commitment to being an entrepreneur. I found great benefit in answering them while reflecting on the session.

  1. Are you sure you're an entrepreneur? (There are a lot of "entrepreneurs" out there that haven't even begun doing any market research or talked to customers, but work on one idea that they've had in the pipeline for years. If it's not your full-time gig, you ain't one.)
  2. Have you had the money/time talk with your significant other? (Definitely a must if you cherish your relationships. Tough times are ahead and either their on the train or they get off it. Simple.)
  3. Have you looked at sources of funding? (Are you self funding, raising money, SRED, IRAP, etc.)
  4. How much money do you really need to start your company? (This is a tough one, but the sooner you place a dollar value to your effort the quicker you can evaluate the feasibility)