2021 Host Application

Host Entrepreneurs or Intrepreneurs*

Thank you for your interest in the iVenturED Summer Fellowship Program, where we match Sangamon CEO alumni and UIS entrepreneurship students with local aspiring entrepreneurs interested in launching new businesses and local intrepreneurs seeking to establish new products/services or reach a new market for their existing businesses.

The Program is a collaborative partnership with the Community Foundation for the Land of Lincoln, iVenturED, Innovate Springfield and UIS College of Business and Management. It aims to:

create new local businesses
expand existing businesses, and
attract homegrown talent back to the area

Through this eight-week summer program, participants will:

develop and launch a new business idea and/or access a new market
advance new entrepreneurial skills
go through a concentrated startup education program
access mentors, advisors, and investors, launch new businesses, and expand the local entrepreneurial ecosystem

Fellows:

Are Sangamon CEO alumns in good standing or UIS entrepreneurship students who have either recently graduated or have completed more than 64 college credit hours
Must dedicate at least 20 hours per week (June 14 - August 13)
Participate in at least three hours of entrepreneurial education per week (online or in-person)
Can effectively complete the project in eight weeks and pitch it a the demo days on August 13
Work diligently with entrepreneur/intrepreneurs for the successful completion of the project
Receive a summer stipend of $2,500
Must be in-person at least some of the time

Host Entreprepreneurs

Must be located in the Sangamon County area
Have a good idea for a new business
Commit to residency for them and the fellow at Innovate Springfield for three months, which includes the duration of the Program (The total cost not to exceed $300)*
- *Need-based financial assistance available
Must be available at least 2 hours per week to meet with their fellow
Must participate in at least 1 hour per week of entrepreneurial education*
- *Education both online and is in-person at Innovate Springfield
Be available for Demo Day on August 13

Host Intrepreneurs

(Intrepreneur is an entrepreneur currently working at an established company/organization who is looking to launch a new product/service or enter a new market. The business/organization is the host/applicant.)

Must be located in the Sangamon County area
Have an idea for a new product/service or want to expand an existing product/service to a new market
Must pay $1,000 to join Innovate Springfield corporate sponsorship (includes the fellow's membership)*
- *need-based financial assistance available
Be available at least two hours per week to meet (online or in person) with fellow
Provide fellow three formal feedback sessions
Be available for Demo Day on August 13

The ideal host?

Can meet the above conditions
Has a good idea for a new product/service, market, or business, but currently does not have the resources (e.g., time, energy, focus, etc.) to research its viability in the market.
Is willing and able to launch the business/product/service from the Sangamon area if these efforts show it to be viable

Matching: A committee will evaluate each host application on a competitive basis as it relates to program objectives and fit:

potential viability to launch after the program
match with available fellows and program resources based on skills
positive economic impact
promoting a diverse local entrepreneurial economy
educational impact

Education programming will focus on:

Lean new product development
Deep customer discovery and validation
New markets, competition, and channels
Contemporary business model development
Acquiring and effectively managing resources: i.e., teams, supply chain, financing, data gathering, and visualization
Output: Effective Business Analysis or Plan

Thank you for taking the time to complete the attached information form.

If you have any questions concerning the Program, please contact Nabih at nelha2@uis.edu.

1. Are you able to meet the requirements outlined above?

Yes

Maybe

2. Entrepreneur or Intrepreneur?

For Entrepreneurs (individual) please list your full name.

For Intrepreneurs (existing companies) please list the the full name of the individual who will be the point of contact, along with the name of the host company. All other information provided should be for the company point of contact as well.

3. Host Name

For Entrepreneurs (individual) please list your full name.

limited to 25 words.

4. Phone number answer must be phone number with area code like 217-333-1000

limited to 12 words.

5. email address answer must be an email address

limited to 30 words.

City where you or your business is located.

6. Location

City where you or your business is located.

limited to 25 words.

In one sentence each, please very briefly describe your:
- New product/service or market would like analyized
- Value the product provides consumers
- Market segment
- Market geographic location (e.g., Springfield area, beyond)

7. EXECUTIVE SUMMARY:

limited to 200 words.

For IP protection, this form may not be considered public domain.

While the committee will be asked to keep all information confidential, please do not include any propietary, sensitive or confidential information anywhere in this application.

8. Please provide any further details about your idea for new product/service (new market) or business you would like.

For IP protection, this form may not be considered public domain.

While the committee will be asked to keep all information confidential, please do not include any propietary, sensitive or confidential information anywhere in this application.

limited to 500 words.

9. Please describe your expectations of what you hope the fellow can accomplish by the end of the program.

limited to 100 words.

10. If determined viable through this process, how likely are you to launch?

11. What do you personally hope to get out of the program?

limited to 200 words.

12. Please include anything further you would like the committee to consider.

limited to 100 words.

13. Please attach any documents you would like to review when considering your application (I.e. business plan, pitch deck, product summary, etc.) (maximum file size: 15MB)

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2021 Host Application

2021 Host Application

Host Entrepreneurs or Intrepreneurs*

1. Are you able to meet the requirements outlined above?

2. Entrepreneur or Intrepreneur?

3. Host Name

4. Phone number answer must be phone number with area code like 217-333-1000

5. email address answer must be an email address

6. Location

7. EXECUTIVE SUMMARY:

8. Please provide any further details about your idea for new product/service (new market) or business you would like.

9. Please describe your expectations of what you hope the fellow can accomplish by the end of the program.

10. If determined viable through this process, how likely are you to launch?

11. What do you personally hope to get out of the program?

12. Please include anything further you would like the committee to consider.

13. Please attach any documents you would like to review when considering your application (I.e. business plan, pitch deck, product summary, etc.) (maximum file size: 15MB)

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