The SMP Blackslate Venture Studio

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• January 7, 2022

Increase The Chances Of Success By Distributing Risk Across Various Projects.

The SMP Blackslate Venture Studio also known as our start-up studio is focused on creating start-ups from the conception and idea generation stage, by providing the initial team, strategic direction and capital for the start-up to reach product-market fit.

What we do

Once a promising idea is internally or externally identified, The SMP Blackslate Venture Studio assembles a dedicated team to build the minimum viable product (MVP) to validate the concept.

The common process of picking, developing, and funding a portfolio company starts with ideation and thorough market research

The SMP Blackslate Venture Studio leverages the resources and experience within the Blackslate Group to launch multiple businesses in a shorter time frame. This approach allows for greater efficiency, economies of scale, and the potential for cross-collaboration and data exchange among the entities.

Our first step involves calculating the size of the target market, assessing venture capitalist interest and recent deals, and seeking input from independent experts to counterbalance our own biases. This comprehensive analysis allows us to make informed decisions about whether to proceed with the idea.

Once we commit to moving forward, our goal, adopting a lean approach, and carefully managing resources, is to expedite the process and reach the proof of concept (POC) or minimum viable product (MVP) stages as quickly as possible.

The SMP Blackslate Venture Studio works in collaboration, development and operation with the USAGE Jamaica, which is part of the USAGE Business Support Services Group.

These products or services are compatible have their own markets and stable business models.

In our case, we have a flagship product or market segment that represents our biggest bet. We strategically build other products and or services around it to increase the probability of its success. However, we ensure that each product or service remains independent and self-sufficient, capable of thriving even if our main bet doesn’t pan out.

The SMP Blackslate Venture Studio also assembles a strong team of competent entrepreneurs and investors who can provide guidance and support in the operations and importantly the start-ups. Our collective technical expertise, advisors, fundraising know-how and understanding of market trends allow us to identify the current demand at any given moment.

Once we have market validation, we shift gears and intensify our efforts. With confidence in the product’s potential, we allocate available development and financial resources to penetrate the market. This entails scaling operations, optimizing user acquisition and expanding into targeted markets.