The Business Model Canvas is a visual matrix you use as a tool to build and optimize the effectiveness of your business idea. It is central to the LaunchPad methodology.
Here’s a great video (including a plummy Brit voiceover) from the Business Model Canvas resource site:
If you are participating in the HTRLaunchPad program as a startup or a mentor you are going to become intimately familiar with this powerful tool.
Here’s a PDF download of the basic canvas: