i. Title of the project ii. Name/list of team members (including ID number) iii. A brief explanation of the unfulfilled need that your new venture seeks to satisfy and a brief description of the product/service concept including the plan for data collection and analysis. iv. Choose a Local/Regional or International New Venture Design develop a strategy and organization plan for a new venture that explores a business opportunity of interest to the group. The goal of the exercise is to lay out the main design and implementation details for a new business venture, focusing on strategic and organizational issues: a. Explain the source of the opportunity and why its attractive b. Clarify the specific market addressed/customer targeted and why c. Indicate the ideal composition of the founding team and how it will be formed. d. Suggest a business model and explain why its attractive and better than other options e. Indicate which identity and positioning will be adopted for the new venture f. Explain which activities will be done internally and by which priority g. Explain which activities will be done externally and how partners may be attracted h. Identify potential competitors to the new venture and how they may be dealt with i. Identify key bottlenecks for the growth of the venture and how these will be addressed j. Indicate how much funding will be required and how it can be obtained k. Indicate the main legal, ethical, environmental and risk management issues the new venture must face and how these will be addressed l. Identify the main assumptions made in the venture plan and how these will be verified/measured m. Indicate how information communication technologies and social media that will be infused to address different challenges or opportunities by the new venture n. Summarize the specific strategies that will be used to sustain the new venture