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The center facilitates R&D to proof of principle, helping to build management teams, validate the business plans, and accelerate venture or industrial investments.
The purpose should include the dates of the trip and enough supporting documentation to help the approver, and any subsequent reviewer, validate the business need for the trip.
Like any initiative, having the data to validate the business case is important.
Startup Next helped our team validate the business and model, and the program held us accountable.
Unfortunately, too many entrepreneurs waste hundreds of hours and millions of dollars on a startup before they validate the business model, find product-market fit, or find their first customers.
Nothing could be better for the industry than having AOL -- and any other leading, influential players -- adopt behaviors that validate the business model that has been and is the foundation of new media: quality vertical content, produced with small batch sensibilities, by and for people who care.
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This validated the business concept at a time when many were sceptical.
In an e-mail response to questions, Chad Hurley, YouTube's co-founder and chief executive, said its success with smaller media companies "validates the business model that we offer them and all partners," which he said included "a platform for distribution, promotion and monetization of their content, and an opportunity to reach a whole new audience".
Again, raising money without validating the business is pretty much impossible.
Number one is the value of bootstrapping a startup and validating the business plan with customers first, and with investors later.
Where value is contained in the immediacy of the content and requires the viewer to be validated, the business model is protected.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com