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Required Time Commitment From Participants:

The overall commitment is approximately 8 hours per week per team member for the duration of the program. This includes classroom time, preparation for session presentations and Customer Discovery activities outside of the classroom.

Penn I-Corps Spring 2017 cohort

Tentative Schedule

Fridays 2:30-5pm

Location: Penn Library Active Classroom


Tentative Schedule

Wed Feb-22 IP for Startups (optional)
Fri Feb-24 * Customer Discovery Essentials
* Workshop on interviewing techniques (part 1 )
Fri Mar-03 * Product Market Fit
* Workshop on interviewing techniques (part 2)
Fri Mar-10 — spring break —
Fri Mar-17 Panel: Regional Entrepreneurial Ecosystem
Mon Mar 20 Wed Mar 22 Individual team advisory
Fri Mar-31 Financial Modeling & Forecasting
Fri Apr-07 Preparing your pitch
Fri Apr-14 — Good Friday – no session —
Fri Apr-21 * Progress presentations
* Next steps
Thu Apr-27 AppItUP  competition (optional)
Wed May-24 Showcase

Accelerator Phase

Team that satisfied all program requirements will have access to $2,500 for Customer Discovery activities. During this phase, teams implement their work plan. The anticipated time commitment for each Team member during the accelerator period is 8 hrs. per week. Mentoring will be provided in the form of monthly individualized team meetings

Benefits of the program for participants:

The Penn I-Corps Site accelerator will provide:

  • Education: teams participate in a ten week series of workshop that follows the Customer Development pedagogical approach. Instructors from PCI and Wharton will lead the workshop.
  • Mentoring: The accelerator will assist teams by facilitating connections with members of its extensive entrepreneurial network consisting of advisors, investors, and area experts.
  • Monetary support: Teams will be qualify to apply for funding for activities related to the development of their business model, such as attending industry shows, visiting customers, and conducting surveys. The funds cannot be used for administrative or research and development activities; for example, prototype development is not supported.
  • Continuing commercialization: the Teams will showcase their work at a recognition event. Teams will qualify for company creation support through PCI Ventures mechanisms such as UPstart and UPAdvisors. Teams will receive mentoring and support for raising additional funds.
  • Selected team(s) will travel to SXSW 2018, where they can pitch their idea to investors. Team selection will be based on workshop performance.

Upon completing the accelerator, all teams will be well positioned to apply for further funding. For example, teams will be ready to develop a strong application to the National NSF I-Corps program ($50K), which substantially increases the likelihood of obtaining NSF SBIR Phase funding, for a potential further non-dilutive funding of close to $975,000.