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Saunders Summer Start-up Program
Start a business this summer!
Do you have an intriguing business concept with early stage business plan? Are you looking to work on this effort over the summer and get paid to do so?
The Saunders College of Business and the Simone Center for Student Innovation and Entrepreneurship are pleased to host RIT’s Saunders Summer Start-Up program. This initiative is an intense summer program aimed at assisting entrepreneurs/innovators in developing their business concepts to a point where they are ready to begin to seek angel investment.
The program elements include instruction across a range of subjects relevant to startups, including:
- The business concept
- Customer discovery
- Forming the business
- Intellectual property
- Seeking investment capital
In addition, each team will receive a stipend, mentoring and coaching, and working space for your team. The program will culminate in an “Investor Day” where each student team will have an opportunity to pitch their business to a group of “real investors”.
The SSS program is for teams and does not accept single person applications. Each team must be well rounded and multi-disciplinary in order to have the skills necessary to accomplish the program goals.
Students are required to be in Rochester on campus to particpate. It is a time intesive program - you should expect to work significantly more than 40 hours per week. Students in the past have worked upwards of 50-60 hours because they were driven to make their idea a reality.
The application process will be done on a rolling basis and starts with a written application. Teams will be reviewed as applications are received so it is to your advantage to apply early. The program committee will invite selected teams to interview with us.
The application questions are:
1. Tell us what your company/idea will do. What is the basic idea? Reel us in.
2. What will your company do or make? (You may include a 3-4 minute video of your idea, if you like)
3. What stage is your business in – raw idea, developed concept, developed proto-type, beta testing, earning revenue?
4. Who are your customers?
5. What is new or different about your company/idea that isn’t already out in the world?
6. Who do you see as your competitors? How are they similar or different than you?
7. Explain how your company will make money?
8. Why should we choose you? Sell yourself to us!
9. If you are selected, do all team members agree to commit to working on this exclusively during the summer?
For more information on the program or for questions, contact Richard DeMartino.