Penn Center for Innovation

Pennovation Startup Accelerator — Summer 2018

Are YOU a Pennovator?

Apply to an exciting new program at the Pennovation Center!  The Pennovation Accelerator is designed to help early stage ventures experience rapid growth and success. With comprehensive sessions in market research, business planning, team formation, capital strategies and more, you have all the tools you need to succeed in a collaborative environment.

IMPORTANT DATES:

  • Application Deadline — Tuesday, May 29, 11:59 pm
  • Cohort Announced — Monday, June 4, 5 pm
  • Launch accelerator —  Monday, June 18

 

ACCELERATOR SCHEDULE:

  • Market positioning (June 18 – 22)
  • Business formation (June 25 – 29)
  • —-BREAK WEEK——
  • Team Formation (July 9 – 13)
  • Going to Market Strategy (July 16 – 20)
  • Capitalizing your venture (July 23-27)
  • FINAL DAY- Lessons Learned, Demos, etc. — July 27 (longer day)

 

TIME COMMITMENT:

The weeks consist of 3 sessions. Each week has an assignment that must be completed by Friday, including a presentation.

  • Monday:  speaker and orientation for assignment, 9 am- 12 noon
  • Wednesday: meeting with mentor, 9 am – 12 noon (flexible meeting times)
  • Friday: assignment wrap-up and pitches, 9 am – 12 noon

Expect 6-8 hours work minimum per week besides sessions

 

COST AND SCHOLARSHIPS:

  • Fee of $800 per team due upon enrollment (Teams retain all equity in their company)
  • Each of the 6 weeks, you can earn a $100 credit associated with participation (upon completion of assignments for the week)
  • In the case of full participation and completion of all assignments, cost will therefore be reduced to $200 for a participating team
  • Credit will be awarded at the completion of the program
  • Penn Recent Graduates (undergraduate and graduate student graduation between Spring 2016 and Spring 2018) and current undergraduate, graduate, and post-doc students are eligible for a full scholarship
  • To receive the scholarship, please indicate your graduation date on the application

 

ACCELERATOR BENEFITS:

  • Five weeks of training and mentorship from subject matter experts
  • Free co-working space at the Pennovation Center for the duration of the Accelerator (June 18-July 27) + 1 additional month free (Until August 31st)
  • Teams retain all equity in their company
  • Access to subject matter experts as facilitators and mentors
  • Final Pitch Day on July 27 with invited experts to offer feedback
  • Opportunity for one team to win Pennovation Center membership for three months following the program

 

WHO CAN APPLY:

  • Anyone with a startup idea or an early stage company
  • Teams of two or more may apply
  • Applications open to all regional entrepreneurs

Email any questions to: pennovation@1776.vc

APPLY HERE