The Allianz Acceleration Lab ENTREPRENEURS IN RESIDENCE PROGRAM

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1 The Allianz Acceleration Lab ENTREPRENEURS IN RESIDENCE PROGRAM

2 The Digital Accelerator is the ACCELERATION LAB OF ALLIANZ MISSION BUILD COMPANIES FOR ALLIANZ To actively shape the future of insurance, asset management and assistance services. ACTIVITES COMMITMENT ABILITY ALIGNMENT We identify and transform promising ideas into successful businesses. We apply lean methodologies in an open, interdisciplinary environment of entrepreneurs, specialists and industry experts. VALUES DESIRABILITY FEASIBILITY VIABILITY Customer over product Business model over business plan Resilience over strength Iteration over specification Compasses over maps Emergence over authority 2

3 We target future entrepreneurs through OUR ENTREPRENEURS IN RESIDENCE PROGRAM OUR OFFER BUILD COMPANIES FOR ALLIANZ OUR NEEDS COMMITMENT ABAILITY ALIGNMENT A compelling salary according to individual experience Entrepreneurially driven individuals or teams in the early stage of the startup lifecycle Guidance in the entrepreneurial process, industry expertise and digital specialists We cover all costs in the process of idea validation and prototype development The chance to bridge the gap, win customers early and grow the business together with Allianz. Ideally with former entrepreneurial experience Who are willing to take the challenge and develop an idea into a successful company Able to think big and willing to partner with Allianz

4 If it works out our goal is to BUILD REAL COMPANIES

5 Successful entrepreneurs typically participate in the NewCo WITH A SHARE OF UP TO 20% Acceleration POST-MONEY VALUATION Entrepreneur Digital Accelerator Allianz PRE-MONEY VALUATION Entrepreneur Digital Accelerator 0 100k 500k 1 5 Mio. t

6 Our goal is to build products and services PEOPLE CARE ABOUT

7 Customer-centricity presents: TOTALLY NEW CRITERIA FOR PRODUCTS AND SERVICES UTILITY CONTEXT AND DEVICE RELATED EXCEEDING EXPECTATIONS MEETING MINDSET USABILITY RELEVANCY/EFFICIENCY EASE OF USE INTUITIVE ACCESS PLEASURABILITY PERSONALISATION JOY OF USE SURPRISE = DESIRABILITY EMOTIONAL REWARDING INVESTMENT 7

8 We use the icubation period in order to validate All three pillars of successful innovations DESIRABILITY VIABILITY FEASIBILITY PROBLEM VALIDATION CONCEPT VALIDATION MARKET VALIDATION Revenue Truly understand customers, their problems and needs Expose potential business models to the real world Execute, adapt and improve most promissing business model t 10-30k 30-50k k Investment 8

9 We are interested in the incubation of ideas that meet the following PREREQUISITES

10 Checklist: PREREQUISITES FOR IDEA SELECTION IDEA FIT COMPLEXITY NEWNESS The topic is of strategic interest for Allianz. It is somewhat realistic to build and test a prototype with <100k. The topic has not been rejected or implemented by Allianz yet. TEAM COMMITMENT ABAILITY ALIGNMENT The entrepreneur/team is strongly interested and able to work with Allianz. There is a credible fit between entrepreneur/team and target market. We are able to align our interests in order to pursue the common goal of company building.

11 If you meet the prerequisites please fill out the following IDEA TEMPLATE

12 Idea: NAME 1 Please describe your business idea. What problem are you trying to solve? Who are your customers? How will they benefit from your solution? How will they learn about your solution? What are they going to pay? What problem are you trying to solve? Who will be using your solution? Who will pay for it? How will customers and users profit form your solution? What is the advantage against current solutions? How will they learn about your solution? Where and how will they buy it? What are they going to pay? How much will you earn? 2 How did you come up with the idea? Why do you know what customers want? 3 How will Allianz benefit from your solution? How does your solution impact the industry?... 4 What resources do you need in order to develop your idea further? 5 What will you be able to achieve within the next 6 months? What are the major milestones and challenges? What will you test first?

13 Idea template MYBESTIDEA 1 Please describe your business idea. What problem are you trying to solve? Who are your customers? How will they benefit from your solution? How will they learn about your solution? What are they going to pay? Example: There are THAT MANY people that have a CUSTOMER PROBLEM, when they find themselves in a USE CASE. The customers for MyBestIdea are its USERS, also CLIENTS that will pay me. The biggest potential is in the SEGEMENTS. My idea is to provide them with a SOLUTION in order to give them more BENEFITS. My clients will learn about MyBestIDea through THOSE CHANNELS and pay me a PRICE for it big enough, so that I will be able to cover all my COST, and still make enough PROFIT. And that in a very short TIME! 2 How did you come up with the idea? Why do you know what customers want? 3 How will Allianz benefit from your solution? How does your solution impact the industry? Example: I WORKED in this industry, and KNOW a lot of customers myself. I have DONE this for many years. I have also EXPLORED the customers behavior and gathered RESEARCH data. Example: MyBestIdea is really important because it will help Allianz to GAIN NEW CUSTOMERS, SAVE A LOT OF MONEY, OUTPERFORM THE COMPETITORS, CREATE NEW MARKETS, REVOLUTIONIZE INSURANCE. Only few COMPETITORS do efforts on this TREND yet. 4 What resources do you need in order to develop your idea further? 5 What will you be able to achieve within the next 6 months? What are the major milestones and challenges? What will you test first? Example: I need some TIME to test my assumptions, and some ADVICE on specific PROCESSES. It would really speed up development if I had some more CONTACTS. I also need to INVEST in some TESTS and PROTOTYPE DEVELOPMENT. Example: In the next 6 months I will VALIDATE my assumptions about the customers problem, DEFINE the business concept and TEST the distribution strategy, I will also DESIGN and TEST a prototype, and EVALUATE the investment need in order to PREPARE for commercialization.

14 TO APPLY Send your CVs Idea Template Salary expectations Earliest starting date To Allianz Digital Accelerator GmbH Ganghoferstr. 68b München