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This course will discuss creation of exploration startup ‘Inkubator’ companies with a hands on approach of creating a group start up company and funding it with aspects including legal, technical and corporate. Day Two will involve operations, including ongoing funding mechanisms, shareholder communication and endgame scenarios.

Programme

Course description

Start Up Template will enable resource industry professionals maximise the value of their intellectual capital. This will be achieved by a practical exercise and creation of a joint Company or ‘NewCo’ with exposure to corporate processes to from a leadership or founder position. Ideas generated by technical people on the resources industry including exploration and or mining/processing concepts should be protected not only by patent if possible but by protecting the tenure of the idea.

The course is broken into two days of learner centred training detailing group exercise of company formation one day one, followed by company operations in the early stages. Probable endgames for the company and its new shareholders.

An important element to the course is the pivot away from areas of technical comfort all geologists, engineers or general technical people have, into the importance of commercialising their ideas without over reliance on a finance industry always ready to monetise an idea without a holistic view on benefits to shareholders, community and the likely end game or outcome for the enterprise in the medium to long term.

Early creation of a capital growth plan is a key area the group will discuss and work on to produce for the joint NewCo. Discussion of real world presentations will also be analysed in a group environment and mock Investment Bank analyst reviews. Day two will equip participants to develop a plan for ongoing operations beyond the period of initiation of the company into the critical post ‘honeymoon’ stage of a NewCo.

Course content

Day One: Company Assembly

Definition of an ‘Exploration’ Company and its components.

  • Asset Selection Methodology – Look to Global Long Term trends
  • Team Selection Methodology – Experience Early
  1. Create – Agree outline of objectives
  2. Evaluate – Debate Group Company Objectives and Demand for ‘Product’ – ie the shares of the Company
  3. Apply – First Share offer for Seed capital – how to pitch this and structure Share register.
  4. Analyse – Post Offer Review positives or negatives – Did we sell it too cheaply or fail to sell it as too expensive?
  5. Understand – Shareholders are now co owners – treat them as such and they will come back for more.
  6. Remember – We will test our NewCo concept with independent corporates to receive feedback, and marking of concept will incorporate a German Investment Bankers (DGWA www.dgwa.org)  view of the ability to ‘sell’ the product.

Day Two: Company Operations – Corporate

  • Capital Growth Program
    • Types of Capital Available – Pros and Cons
      • Rights Issues
      • Placements (Private and Public)
      • Share Purchase Plans
      • Debt Facilities
  •  News Flow Plan
    • Examples of effective News Flow – the blood in the veins of a cash negative company.
  • Shareholder and Stakeholder Communications – Post Seed Capital
    • Importance of Corporate and Governance Support.
    • Normal tension points in the early stages of operations.
    • End game scenarios.

Type of training

This online course is a combination of e-learning, computer-based learning, videos and group work (home study).

Objectives and outcome

Students will be able to apply a template as per below of how to commercialise their ideas in the key area of competition and value creation in the Resources Sector – Exploration Tenure and discoveries.

Implement a funding strategy for the cash negative NewCo with appointment of advisory and or partners using examples of templates to ensure commercial agreements that protect the students interests.

Further Education suggestions and contacts – Internship with a stock broker as they will selling your idea in the future.

Language

English

Requirements

Participants would require their own laptop and a stable high-speed internet connection to take part in this course.

Target Group

The course intended audience includes;

  • Experienced industry professionals of larger companies seeking to pursue their own ideas.
  • Junior industry professionals seeking to work in corporate or technical role.
  • Government and or NGO officials seeking to understand the methodologies of the Junior Exploration Sector.