VentureWell Student Grants in Technology Invention
Application Deadlines: May 3, 2017 and October 4, 2017
The E-Team Program gives college students the chance to move new tech ideas out of the lab and classroom and into the marketplace. The three-stage program provides grant funding, experiential workshops, veteran coaching and a potential investment opportunity to help teams manifest their projects’ full commercial potential.
Stage 1 provides funding of $5,000 to attend a three-day workshop on how to better articulate the opportunity for the innovation in the marketplace. Remaining funds may be used to support further development of the project/product.
Stage 2 provides additional funding of up to $20,000. In a second workshop, teams develop their business model hypotheses and plans to test them. Six monthly coaching sessions follow, helping keep teams moving forward.
Stage 3 Eligible Stage 2 teams may be invited to participate in Stage 3, which focuses on helping teams develop a “lens of the investor” perspective and culminates in a venture forum presentation to potential investors. VentureWell invests up to $50,000 in two to three Stage 3 teams per year.
- There must be at least two active students on the team (enrolled in a credit-bearing undergraduate, graduate, and/or doctoral program) for the duration of the proposed grant period. Some fellowship programs may also fulfill this criteria.
- All teams require a faculty advisor (or center or administrative director) to act as Principal Investigator. The PI is responsible for tracking, overseeing, and reporting the disbursement of grant funds. Students cannot serve as Principal Investigators.
- Other team members should include advisors from within and outside the university who have experience, knowledge, and network connections that will contribute to the team’s success. Both technical and business expertise is strongly recommended for representation on the team. There is no maximum team size, although the average size of successful teams is usually between 4 and 10 members.
- The team must be a part of a VentureWell member institution (US-based college or university). Johns Hopkins is a VentureWell member institution.