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Knapp Center Venture Accelerator Program now accepting applications

The Knapp Center Venture Accelerator Program (KCVAP) is a program to provide mentorship and support to enable IIT students, staff, and faculty to pursue their new entrepreneurial ventures.

The KCVAP is open to all IIT students, staff, faculty, and alumni. Teams should be limited to 2-3 people and multidisciplinary teams are preferred.

Upon acceptance into the program, a Catalyst (mentor) and a KCVAP Associate are assigned to each entrepreneur/team. They will assist and guide the entrepreneurs through the program and assist in preparing them for their final presentation.

The entrepreneurs commit to three hours per week attending a weekly class (over 12 weeks), working with the Catalyst and KEC Staff, and will focus on developing a clarity of their product or service, obtaining customer validation, developing and refining a financial model, and understanding their market. Each team will make a final presentation at the end of the semester at Demo Day.

Program Outcomes:

Over the twelve-week period, participants will learn from successful entrepreneurs and apply the latest methods, such as “lean startup” and “business model generation canvas” to their ventures. This course will help prepare for application to national accelerators such as Excelerate and TechStars.

Schedule for IIT Submissions:
· Accepting one-page executive summary submissions (see application below): Nov. 28 – Dec. 30
· Submission Deadline: Dec. 30 by 5 PM CST
· Submissions Review: Jan. 3-9
· Announce teams to present a 5 minute pitch to IIT staff/faculty, other entrepreneurs: Jan. 10
· Teams present: Jan. 17
· Winning teams selected: Jan. 18
· First class: Week of Jan. 30
· Demo Day: Week of May 7

Apply here : http://tinyurl.com/7yqozoc

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