The Entrepreneurship Initiative (EI) Fellowship Program is an opportunity for students graduating with their bachelor’s degree in any academic area of study to continue developing their startup venture after graduation.
The goal of the EI Fellowship is to increase the success rate of promising companies by providing short-term salary and new venture support to new graduates who would otherwise not have the financial means to do so. The fellowship operates using a holistic approach, providing guidance and support not only for the venture but most importantly for the fellow. The fellowship time period is from June 1 to Nov. 30*, with a $500 stipend paid monthly to the fellow.
Fellowship Program Benefits:
- Regular meetings with supervisor/mentor in the Entrepreneurship Initiative to discuss goals and milestones that best benefit the venture, as well as the fellow, for the specified fellowship period. Examples of milestones might include prototype completion, customer testing, first product shipment, etc.
- Continued access to NC State startup spaces like the Garage to provide work and prototyping spaces at no cost.
- Membership to the NC State Andrews Launch Accelerator, a five-module three-month summer accelerator program (must apply separately for the Acceleration Fund).
- Assistance navigating university and community resources for post-graduate entrepreneurs, such as the Alumni Entrepreneur Network and ThinkHouse.
- Access to human capital both inside and outside the university that provides resources and services for new ventures (e.g. pitch clinics, legal services).
Fellowship Program Responsibilities:
- Serve as post-graduate ambassadors for the EI in various contexts, such as presenting at university-sponsored programs and holding office hours in the EI Garage.
- Prepare an investor pitch for EI Advisory Board members
- NC State undergraduate student(s) who will have completed his/her bachelor’s degree in May 2017, prior to the start of the Fellowship.
- Applicants must show they have made substantial progress towards the development of a venture before they graduated and that additional support would significantly increase the company’s probability of success.
- Applicants must agree to reside in the Raleigh-Durham area for the duration of the Fellowship.
Tyler Confrey-Maloney (Engineering) & Steve Gray (Engineering), Undercover Colors
Suraaj Doshi (Engineering) & Kyle Linton (Poole College of Management), Nicotrax
Leigh-Kathryn Bonner (CHASS), Bee Downtown
Moaad Benkaraache (Engineering) & Tayyab Hussain (Engineering), Trakex
Application Materials Include:
- Business Plan (no more than 10 pages)
- Video Pitch (no more than 60 seconds)
- One Letter of Recommendation