Inspired by Steve Blank's Customer Development Manifesto, Sandpit's Idea Builder guides students through a step-by-step process to generate product, service or business ideas.
Working collaboratively, students are challenged to research customers, problem solve, identify target markets and propose ways of delivering value.
Students create persuasive crowdfunding style pitches to present their ideas. They compete to raise Sandpit's virtual currency, called Campus Coins.
Simulating either reward or equity crowdfunding, students develop entrepreneurial awareness as they develop pitches aimed at either customers or investors.
Sandpit is a private environment and hosts video pitches, so they aren't accessible on third party websites.
Shifting the focus from being the entrepreneur to being the customer or investor (depending on the simulation chosen), students are given a wallet full of Campus Coins to back other pitches. In addition they feed back on the desirability and feasibility of the ideas.
The gamification provides active learning through participation and subjective experience brings abstract concepts to life.
Assess students on their ideas and pitches themselves, or their reflections on the exercises.
As the virtual currency is scarce, most pitches fail to hit their funding targets providing a safe environment to learn from failure. Sandpit provides the context for these important entrepreneurial lessons to be learnt.
Sandpit provides data on student performance and participation, enabling useful reflections and speeding up your assessment process.
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