Frequently Asked Questions
- What is the official language of Technion 3DS?
- What happens at 3DS?
- If I participate, what do I get out of the event?
- How many people do you invite into the event? Which disciplines do they typically come from?
- I’m a student majoring in X. Should I even consider applying?
- We are a number of students who are a team. Can we apply as one?
- Can non Technion students apply?
- What does the event schedule look like?
- How much can you really accomplish in 3 days?
- What about food? Sleep?
- What happens at the end of the event?
- How do you get good ideas for startups?
- Any pointers on selecting a startup idea?
- I have a great idea or invention. I’m worried about it being stolen.
- What kind of ideas are allowed?
- How are ideas picked?
- Who is this non-profit, anyway?
What is the official language of Technion 3DS?
The official languages of Technion 3DS are English and Hebrew.
Given that 3-Day Startup is an international event held around the world, candidates are strongly encouraged to use English during the event, but should feel free to use Hebrew as well.
What happens at 3DS?
You and ~40 other Technion students and Haifa entrepreneurs will start a technology company over the course of three days. We
- Reserve round-the-clock work space for an entire three day event;
- Invite 40 star students with a wide range of backgrounds;
- Cater food, drinks, snacks, and tea / coffee;
- Pick a few of the best ideas for a tech startup (often net-, web-, or software-focused, due to intense time pressure) during the Wednesday brainstorming session;
- Release a minimal prototype by Thursday night;
- Make a final business pitch and technology demo on Friday afternoon.
The goal is to build enough momentum among a network of motivated people to sustain the company beyond the event.
If I participate, what do I get out of the event?
The worst case scenario is that you will work with brilliant people from numerous disciplines toward the common goal of building real companies and products. Great connections happen at 3-Day Startup: cofounders meet, complimentary skill sets collide, and friends are made.
The best case scenario is that you will be a cofounder of a wildly successful new tech startup.
How many people do you invite into the event? Which disciplines do they typically come from?
We typically interview a few hundred applicants, and then choose the 40 (+/-5) participants from that group. The participants have backgrounds in a range of fields: technical, managerial / business, creative, and others (historically, in decreasing percentage of representation, due to practical needs of the event).
I’m a student majoring in X. Should I even consider applying?
The short answer is: yes.
Our past participants have spanned everything from a first-year undergraduate in psychology to a freshly minted PhD in Neuroscience. If you’re at all passionate about startups and technology, it is likely that you will be a valuable participant.
We are a number of students who are a team. Can we apply as one?
The short answer is: no.
3DS is best suited for individuals who come to form a team. If you already have a team and an idea a more suitable framework is BizTEC. Technion3DS takes in individuals and creates teams and it is best to come with an open attitude to make the most of the platform and to allow other to make the most of it.
Can non Technion students apply?
The short answer is: yes.
While this event is by the Technion Bronica Entrepreneurship Center and is addressed at Technion students, we acknowledge that diverse backgrounds and disciplines enrich the creative environment.
What does the event schedule look like?
A typical event might look like this:
- Morning: meet and pitch ideas
- Noon: announce ideas and split to groups
- Start work!
- Customer interaction, coding, market validation, business plans, logos, etc.
- 8am: breakfast & continue work
- 12pm: pitch startup(s) to panel
How much can you really accomplish in 3 days?
A whole lot. The finished product of the event isn’t a full-fledged revenue-generating company – it’s a team with an idea and a functional prototype of a product or service, with enough momentum to become a real company.
What about food? Sleep?
Technion 3DS caters all meals, drinks, and in-between snacks (pending successful sponsorship drive). Sleep is optional. Participants can bring a sleeping bag, or they can go home to rest.
What happens at the end of the three-day event?
At the conclusion of our event, participants pitch their startups to a panel of local venture capitalists, angel investors, tech entrepreneurs, professors, and the press. After that, they start making plans about how to take their companies forward.
How do you get good ideas for startups?
Any pointers on selecting a startup idea?
That’s a tough question with a long answer. Even some of the best venture capitalists in the business have trouble answering that question. Just check outBessemer Venture Partners’ anti-portfolio. Probably the best advice we can give you is to check out what some of the smartest people in the business have written. Two of the first people you might check out areSteve BlankandAsh Maurya. Both of those guys also have books. One of the biggest takeaways is just to talk to customers. We can also try to give some very brief pointers on startup ideas:
Good ideas do not need to be:
- First to market
- Free of competitors
- Based on a patent
- Something you thought of yourself
Good ideas probably should:
- Address a real, observable market pain
- Be something that you are knowledgeable about
- Have a large, potential or existing market
- Have possible revenue streams
- Evoke enormous passion in you and your team!
I have a great idea or invention. I’m worried about it being stolen.
This is a common, and reasonable, concern for 3DS participants. Our past experience has shown this not to be an issue, at all.
We believe firmly that ideas are cheap and execution is everything, which is why we focus most of our attention on action. But don’t just take it from us: there is broad consensus on that topic in the startup community. Seehere,here,here, andherefor just a few examples. In short, your teammates, and the panelists involved with 3DS, are in the business of making ideas happen, not stealing them. It’s far more lucrative that way!
What kind of ideas are allowed?
Ideas with scalable business models are strongly preferred. We also optimize the event for ideas that will require a strong software base.
Our selection criteria for ideas are (1) your amount of passion and (2) the amount of research on your own idea that you perform before your interview.
How are ideas picked?
Ideas will go though two stages of selection. The first selection is the interview that all participants go through to get accepted into a 3-Day Startup event. During the interview, we are looking for a combination of skills in your area, passion, and a well-researched startup idea.
The final idea selection is during the event. It begins with the ~40 people forming ~8 groups of ~5 people each. The small groups brainstorm and pick their favorite ideas. Then each group pitches their top idea to the other groups. At the end, all participants vote on the top few ideas.
Who is this non-profit, anyway?
Technion 3DS is organized bystudent volunteers from the Technion, and overseen by afaculty adviser andsteering committee. Globally, our “parent” organization is3 Day Startup, Inc., a 501(c)(3) non-profit corporation in the United States.
3 Day Startup, Inc. has no shareholders, onlya board of directorsmainly composed of current and former University of Texas students. These are the people who created the original 3-Day Startup event in Spring of 2008. 3 Day Startup, Inc., is organized for the express purpose of promoting entrepreneurship on college campuses.