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Mcguire New Venture Development program
From big idea to bigger impact.
It’s more than a system for learning. The McGuire New Venture Development Program brings students, experts and business leaders together to launch something bigger than any textbook or classroom could hold. Here, people build ideas and nurture inspiration into innovation.
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Program Overview
This is where game-changers are made. Any University of Arizona undergraduate or graduate student can participate in this yearlong, team-based program to learn the principles of entrepreneurship and innovation.
In just one year, you’ll build a new venture from the ground up. Working closely with students from other fields of study as well as mentors, industry experts, investors and real-world entrepreneurs, you’ll go from early-stage idea to launch-ready venture.
Not only is the program excellent preparation to lead in the business world, but it will change your way of thinking. In fact, you’ll never look at an untapped idea quite the same way again.
undergrad and grad students take entrepreneurship courses every year
ranked graduate program among public programs U.S. News & World Report, 2022
graduates from the McGuire Center for Entrepreneurship
The McGuire Experience
Translate entrepreneurial thinking into entrepreneurial action by building hands-on skills and experience.
- Build a new venture from the ground up in one year
- Team up with students from other fields of study
- Work closely with experienced entrepreneurs-in-residence, mentors, legal advisors, industry experts and investors
- Participate in new venture competitions
The New Venture Development Program will prepare you to:
- Step into any role after your undergraduate or graduate experience better prepared to lead confidently and innovate in everything you do.
- Launch new ventures
- Take leadership roles at startups
- Innovate in a corporate setting
- Work at venture capital firm
Applications are due February 03, 2023
If the above link does not open copy and past below link into browser. Application 23-24 link: https://eller.co1.qualtrics.com/jfe/form/SV_6oknoDegYqKB9LU
New Venture Competition and Innovation Expo
New Venture Development Program participants have an incredibly exciting range of events and competitions they can choose to participate in. These include regional and national business plan competitions, an Innovation Expo tradeshow on the University of Arizona Mall and the program finale, the McGuire New Venture Competition and Showcase.
Mcguire innovation expo spring 2019.
New Venture Development Program Courses
Each student admitted to the competitive McGuire Program will need to take Venture Development I and II. These are offered at both the undergraduate and graduate levels as outlined below.
All students admitted into the competitive-entry McGuire Program take Venture Development I and II.
Want to learn more about the application process?
INFORMATION SESSIONS
- Friday, January 28th @ McGuire Center (McClelland 202) - Noon-1 p.m.
- Friday, February 11th @ McGuire Center (McClelland 202) - Noon-1 p.m.
Information sessions are a great opportunity to:
- Meet one-on-one with admissions representatives
- Gain answers to questions regarding the admissions process
- Get help in choosing the right pathways for your individual schedule
- Receive guidance on the application and interview process
Links you may need:
- NVD Application link: https://eller.co1.qualtrics.com/jfe/form/SV_6oknoDegYqKB9LU
- McGuire Center NVD Webpage: https://eller.arizona.edu/departments-research/centers-labs/entrepreneurship/focus/new-venture-development
Applications are due Feb 2, 2023 https://eller.co1.qualtrics.com/jfe/form/SV_6oknoDegYqKB9LU
Academic Programs
Entrepreneurship major.
Eller undergraduates who are accepted into the McGuire New Venture Development program can complete its two core courses and additional marketing and finance classes to earn a second major, in entrepreneurship. It’s an excellent way to add even more business value to your first Eller major.
Explore the Entrepreneurship Major
Certificate in Entrepreneurship and New Venture Development
Students in other University of Arizona majors can be admitted into our yearlong McGuire New Venture Development program. By completing its two courses plus three additional related courses, you can earn a certificate that stands out to employers in any field.
Explore the Certificate in Entrepreneurship and New Venture Development
MBA Entrepreneurship Concentration
Eller MBA students can apply to participate in the McGuire New Venture Development Program for their final year of study to earn an entrepreneurship concentration with their MBA.
Explore the MBA Entrepreneurship Concentration
Applied Doctoral Minor in Entrepreneurship and Innovation
University of Arizona doctoral students can earn a Minor in Entrepreneurship and Innovation. Taking a two-semester course in new venture development as well as two other entrepreneurship courses, you’ll change the way you approach problem-solving in your own research and future career.
Explore the Applied Doctoral Minor in Entrepreneurship and Innovation
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Putting an idea through a rigorous process of external validation is essential, and the McGuire New Venture Development Program’s structured phased approach was very helpful. It was rewarding to see our concept evolve over the semester from an idea to a feasible business
Amelia Klawon '15 MBA, Co-founder, Co.Host
Application Process
Undergraduate students should apply during their junior year to participate during their senior year. Master’s students should apply in their second-to-last year to participate during their final year. Doctoral students can apply during any year of study. Check the yearly application deadlines posted online.
Up to 140 applicants may be invited to interview. Selections will be announced in February for the following year. If you have questions, just attend an information session or reach out.
Explore the Application Process
Innovation Lab and Team Resources
The Innovation Lab contains a CoLab workspace, a maker space and two private meeting rooms, all of which are available around the clock for McGuire New Venture Development Program students. The CoLab space features everything students could need to meet and collaborate, while the Make Space offers materials like a 3D Printer, Oculus Rift, VR Headsets and software for bringing ideas to life.
Explore the Innovation Lab and Team Resources
Ready, set, excel.
If you have questions about our programs or are ready to learn more, get in touch with us!
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Comprehensive leadership programs, topic-focused programs, regional programs, virtual programs, certificate of management excellence, corporate director certificate, digital transformation certificate, programs for organizations, hbs experience, the learning experience, the virtual experience, alumni network, admitted plan your stay, admissions requirements, admissions process, international applicants, payment, cancellation, and deferral, already admitted.
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Launching New Ventures : Jump-Starting Innovation for Entrepreneurs and Business Owners
- Upcoming Session
- Previous (1 of 1) Next
- Format: In-Person Learning takes place on the HBS campus or a designated location.
- Location: HBS Campus
"HBS is a great place to continue to build relationships and network with other leaders from around the world."
- Teaching Team
- Participant Profile
Successful entrepreneurship takes more than an innovative idea—it also requires the right mindset and skillset. Whether you're developing new business, launching new ventures, or building an entrepreneurial culture within a larger organization, this program prepares you to develop new strategies for transforming disruptive innovation into competitive advantage and a profitable business.
Details Expand All Collapse All
Conceive, launch, and grow a successful new venture conceive, launch, and grow a successful new venture dropdown down.
- Analyze, prioritize, and determine the feasibility of new product and business ideas
- Pitch your business to potential investors and other stakeholders
- Evolve your leadership approach to manage ongoing innovation, radical change, and growth
- Address competitive challenges
Make sound investment and resource allocation decisions Make sound investment and resource allocation decisions Dropdown down
- Determine the risks of starting a new venture
- Assess the required resources and support
- Recruit and develop the talent needed to support an entrepreneurial mindset and effort
- Balance vision and pragmatism as you pursue growth
Expand your personal and professional network Expand your personal and professional network Dropdown down
- Extend your network by living and working with accomplished executives from various backgrounds, industries, and countries across the globe
- Build relationships with a diverse group of peers who can provide wide-ranging insights into your business challenges and career decisions
Key Benefits Dropdown up
Key benefits dropdown down, conceive, launch, and grow a successful new venture, make sound investment and resource allocation decisions, expand your personal and professional network, who should attend.
- Entrepreneurs launching their own startup
- Executives responsible for jump-starting innovation in established firms
Program for Leadership Development participants earn 6 PLDA Points on completion of this program.
Complementary Program
Advance your learning through Foundations of Private Equity and Venture Capital , offered the week following Launching New Ventures, which delves into entrepreneurial finance and offers advice for navigating the world of private equity and venture capital. Together, these programs provide you with essential skillsets for exploring investment opportunities and leading a successful enterprise.
Learning and Living at HBS
When you participate in an Executive Education program on the HBS campus , you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method .
Review Our Campus Health & Safety Protocols
Admissions Criteria and Process
Answering your questions, application submission, application review, fee, payment, and cancellations, admissions criteria and process dropdown up, admissions criteria and process dropdown down, what you will learn.
Launching New Ventures goes to the heart of the entrepreneurial process—exploiting disruptive opportunities to create successful new businesses. Immersed in an intensive learning experience that includes faculty presentations, case studies, and group discussions, you will refine your thinking and broaden your skills as you examine strategies employed by successful entrepreneurs at every stage of the launch process.
In this entrepreneurship program, you will examine the central pillars of new venture formation, business execution, and entrepreneurial challenges.
Participants should expect to spend at least 9-12 hours on self-paced case preparation prior to attending the program. Case materials will be made available approximately two weeks prior to program start.
Key Topics Expand All Collapse All
Your opportunity and pitch your opportunity and pitch dropdown down.
- Identifying and analyzing entrepreneurial opportunities
- Turning a viable opportunity into a focused strategy and well-defined business initiative
- Developing and refining an effective business plan
- Creating pitches to sell the idea to investors, customers, partners, and key employees
Your team and capabilities Your team and capabilities Dropdown down
- Attracting the talent and resources required to turn a vision into reality
- Recognizing and managing risk, while creating and measuring value
- Building the organization and capabilities needed to launch and nurture early-stage ventures
- Deciding whether to build capabilities in-house or obtain them through partnerships, joint ventures, or acquisitions
Your growth Your growth Dropdown down
- Evolving the strategy, organization, and leadership approach as the business grows
- Creating balance in a business with both product- and service-based revenue streams
- Exploring alternatives for expanding the operations of a successful business
Key Topics Dropdown up
Key topics dropdown down, your opportunity and pitch, your team and capabilities, your growth, individual project.
During this entepreneurship program, you will have the opportunity to work on strategies for your new venture and receive insights and feedback from faculty and your entrepreneurial peers.
The HBS Advantage
Our Executive Education programs are developed and taught by HBS faculty who are widely recognized as skilled educators, groundbreaking researchers, and award-winning authors. Through their board memberships, consulting, and field-based research, they address the complex challenges facing business leaders across the globe.
William R. Kerr
Dimitri V. D'Arbeloff - MBA Class of 1955 Professor of Business Administration
Read Full Bio
Lynda M. Applegate
Baker Foundation Professor and Sarofim-Rock Professor of Business Administration, Emerita
Jill J. Avery
Senior Lecturer of Business Administration
Shikhar Ghosh
MBA Class of 1961 Professor of Management Practice of Business Administration
Scott D. Kominers
MBA Class of 1960 Associate Professor of Business Administration
Joshua Lev Krieger
Assistant Professor of Business Administration
Jeffrey F. Rayport
Benjamin N. Roth
Christopher T. Stanton
Marvin Bower Associate Professor
Mitchell B. Weiss
Richard L. Menschel Professor of Management Practice
Your Peers Expand Your Learning
Accepting applications.
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Venture Development Process
What is the Venture Development Process?
It is what we refer to as building a startup company around a university technology that has been licensed.
The Venture Development Process graphic (above) includes a walk-through of the steps or phases involved with starting a company based on University intellectual property. At each phase in the process, there are links to resources both internal to NC State, external from our Triangle Innovation Ecosystem and direct services offered by New Ventures within the ORC. From the initial invention disclosure to raising external capital, we assist our NC State startup companies through the process.
Frequently Asked Questions
How do university discoveries and technologies get to market and create economic development impact.
In seeking to commercialize a technology developed at a university, the university first seeks to license that technology to an existing company since this is typically the most expedient path to market. Established companies bring resources including research and development funding, specialized equipment, subject matter expertise, market knowledge, existing customers and distribution channels. However, finding an established company to option or license a university technology is not always feasible. University technologies are generally at an early stage of development and can be disruptive, and sometimes there is not enough data to derisk the technology or the market opportunity sufficiently for a licensing opportunity. In this case, forming a startup company to commercialize the technology is a viable path.
Why would a startup company want to license or option a university discovery or technology?
If successful, getting a startup company to a point where the company can be acquired or go public with an initial public offering can be very lucrative for the founders, but it is a high-risk high-reward endeavor and the road can be fraught with pitfalls. Since established companies can be resistant to licensing new technologies that could threaten their existing investment in infrastructure, equipment, people, patents, sometimes there are remarkable technologies available from universities where an appropriate licensee can not be determined or found. In fact, sometimes the best pathway to bring a novel technology to market might be to form a new venture or a startup company. This is often the case if there is a strong belief in the scientific merit behind the technology but the data to support the business value proposition (faster, better, cheaper, or just a better way) over what currently exists in the market is not yet available. The startup company seeks to find funding to prove out this value proposition in order to attract the partners and funding needed to fully commercialize the technology (bring it to market).
Where do you find university technologies to license?
For NC State University technologies, technologies are available on the NC State technology marketing website . In addition, all universities that participate in Association of University Technology Managers (AUTM) list their technologies on the AUTM Global Technology Portal . These are valuable resources and make searching for the right technology to address an identified market need that much easier.
Why would it be advantageous to license a technology from a university?
Depending on the university, there will be a level of diligence and scrutiny that has been applied to selecting and filing for intellectual property (IP) protection. At NC State University, our team works collaboratively to review, select and protect the technologies we believe have the greatest potential for impact. In addition to the diligence applied to the selection and filing for IP protection of the core technology, NC State supports the startup licensee with many resources and services through its’ New Ventures group.
What are the steps or what is the process involved in venture development?
The decision to form a startup company and license technology from NC State University can be illustrated by the Venture Development Process info graphic (above) and involves many steps or phases, each with its own learning curve, best practices, pitfalls, available resources, and avenues for partnership and support.
How does NC State University support the formation and launch of startup companies to commercialize university technology?
NC State strives to assist our innovators who would like to participate in startup companies through our New Ventures support within the Office of Research Commercialization (ORC). We continuously strive to find new ways to make the process of commercializing university technologies through a startup more transparent, while finding ways to clarify, quantify and reduce the risks involved. The Venture Development Process graphic (above) includes a walk-through of the steps or phases involved with starting a company based on University intellectual property. At each phase in the process, there are links to resources both internal to NC State, external from our Triangle Innovation Ecosystem and direct services offered by New Ventures within the ORC. From the initial invention disclosure to raising external capital, we assist our NC State startup companies through the process.
Our intent, with our array of partners, is to:
- reduce the startup learning curve
- take cost out of the equation for the startup company
- make introductions and connections that are beneficial
- assist the startup in discerning between the critically important issues and the non-critical ones
- guide the startup company to effectively utilize their limited resources and focus on the right tasks at the right time
- assist the startup company in leveraging the Research Triangle innovation and entrepreneurial ecosystem
Parts of the Process
Invention disclosure process.
The Patent and Tangible Research Policy (POL 10.00.01) at NC State states that “it is in the public interest for the University, when appropriate, to secure intellectual property protection for the products of its research to facilitate commercialization, to encourage entrepreneurship, to contribute to the professional development of University inventors, and to enhance the educational opportunities of participating students”.
The policy defines the terms like “invention,” “inventor,” and how royalties flow through explains the university’s distribution policy as follows:
- 40% to INVENTORS
- 5% to the College (to be used for activities that support innovation and entrepreneurship)
- 5% to the Department/Unit (to be used for activities that support innovation and entrepreneurship)
- 50% to the PATENT TRUST FUND
As a condition of employment at NC State, every employee must sign the NC State Patent Agreement , which states the “obligation to communicate promptly to the University Office of Research Commercialization a full and complete disclosure of all inventions.” Further, the agreement states that “every employee will assign to the University their right title and interest in all inventions that they conceive or reduce to practice during the course of their employment or in connection with their use of university facilities or funds administered by the University.”
During this phase the university innovator will:
- Online Portal for Disclosure ( go.ncsu.edu/disclosure )
- The e-Disclosure Portal is authenticated through UNITY, and will allow users to electronically create, sign, and submit disclosures for new inventions, software, plant varieties, and copyrighted works.
Online disclosure to the Office of Research Commercialization (ORC) for Copyright, Invention, Plant, or Software
The very first step in seeking to
commercialize an innovation (will refer to an invention or technology, software, a copyrighted work, or plant) developed at the university will be to submit an Invention Disclosure Form (IDF) through the NC State Office of Research Commercialization (ORC) . ORC will evaluate the IDF to determine the best path forward for compliance reporting and commercialization. During this time, the University Innovator should begin to consider and prepare for several possible outcomes.
- ORC is not able to move forward with commercializing the innovation at the current time due to any number of reasons that are further described here
- The first option is where a suitable external licensee expresses interest in working with NC State Research Commercialization and the university innovator to commercialize the technology.
- The second option is that there is not an interested external licensee, which opens the door for creating a startup company to commercialize the technology.
Research Commercialization Review
ORC’s staff has expertise in intellectual property management including patenting, copyright, trademark, plant variety protection, and software commercialization. Research Commercialization seeks and works with university innovators to find the path necessary to commercialization, so it is critical that the innovator leverage the expertise and experience in commercializing innovations at the earliest stage possible. However, there are many reasons why an innovation might not be able to be protected and commercialized. If ORC is unable to proceed with commercialization, your assigned Licensing Associate from ORC will respond back to the university innovator as to the reasons why. Often further development or more data is required to make a compelling case for attracting a commercialization partner. Sometimes the innovation is solid but a market need can not be identified.
How does ORC find a suitable licensee for commercialization?
If it is determined that the innovation is considered feasible for commercialization then ORC will typically market the opportunity to license the innovation to established companies and/or experienced entrepreneurs first. Licensing an innovation to an established company or experienced (also known as “ serial entrepreneur “) entrepreneur is the most traditional route to successful commercialization. This is due to the financial strength, research and development capabilities, specialized equipment, developed customer base, distribution channels, and experience in bringing technologies to market.
However, licensing to an existing company or serial entrepreneur is not always feasible, and under appropriate circumstances, University Innovators may choose to form a startup company to commercialize intellectual property developed at NC State (“Startup Company”). These NC State Startup Companies drive economic growth by offering a pathway toward commercialization that often remains rooted in the local economy. Startup companies contribute to the economic development mission of the university by creating employment opportunities for our graduates, assist in attracting top faculty, and connect the research and economic development missions of the university to our alumni base. Working to ensure that NC State maintains its vibrant innovation and entrepreneurial environment is a key goal of the Office of Research Commercialization.
When does the startup company possibility become a reality?
If there is no interested external licensee, and the university innovator is interested in commercializing the technology through the creation of a startup company, then the university innovator should meet with the Office of Research Commercialization and start to discuss the possibility of launching a startup company.
This is when the Venture Development (launching a startup company based around intellectual property developed at the university) process begins.
What is an Invention Disclosure Form?
- An Invention Disclosure Form (IDF) is a written description of your invention or development submitted to the NC State Office of Research Commercialization (ORC). The IDF should list all collaborating sources of support and include all of the information necessary to begin pursuing protection, marketing, and commercialization activities. This document is treated as “Confidential.” Based on the IDF, the ORC may generate a non-confidential description of your invention in order to assist in marketing the technology. Once potential partners have been identified, and confidential disclosure agreements have been signed, more detailed exchanges of information can occur.
Why should I submit an IDF?
- When you disclose your invention to the Office of Research Commercialization, it starts a process that could lead to the commercialization of your technology. This may involve beginning the intellectual property protection process and identifying commercialization partners. If government funds were used for your research, you are required to file a prompt disclosure, which will be reported to the sponsoring agency. Similar requirements exist for industry-sponsored projects as well.
When should I complete an IDF?
- You should complete an IDF whenever you feel you have discovered something unique with possible commercial value. This should be done well before presenting the discovery through publications, poster sessions, conferences, press releases, or other communication. Once publicly disclosed (i.e., published or presented in any form), an invention may have restricted or minimal potential for patent protection. Differences exist between the U.S. and other countries on the impact of early publication and public disclosure on seeking patent protection. Be sure to inform the ORC of any imminent or prior presentation, lecture, poster, abstract, website description, research proposal, dissertation/masters thesis, publication, or other public presentation including the invention.
Should I disclose research tools?
- Yes, if your new tools would benefit other researchers and you are interested in providing them to those researchers and to others. Typically, research tools are materials such as antibodies, vectors, plasmids, cell lines, mice, and other materials used as “tools” in the research process. Most research tools do not necessarily need to be protected by patents in order to be licensed to commercial third parties and/or to generate revenue. If you have research tools that you believe to be valuable, or wish to provide to others (including research collaborators), the Office of Research Commercialization will work with you to develop the appropriate protection, licensing, and distribution strategy.
How do I submit an IDF?
- The invention Disclosure form is completed and submitted electronically at the Online Innovator’s Portal for Disclosure ( go.ncsu.edu/disclosure )
- New invention disclosures are assigned as they are received to an ORC licensing associate.
- If you have any questions, call the Office of Research Commercialization at 919.515.7199 or email us at [email protected] .
What is an “NC State Startup Company”?
- The NC State Office of Research Commercialization (ORC) defines a startup company according to the AUTM definition which are “companies that were dependent upon licensing the institution’s technology for initiation”. Essentially in order to be considered a startup company according to the Association of University Technology Managers (AUTM) the company must have secured either an Option Agreement or a License Agreement for rights to the technology. The Option Agreement or a License Agreement formalizes the relationship between the University (licensor) and the startup company (licensee) by conferring the rights for the innovation.
Learn more about submitting an invention disclosure, how to determine if your discovery is an invention, and who is considered an inventor in our Innovator’s Guide to Commercialization .
NC State University Resources:
- Whom Should I Contact at ORC?
Additional Resources – Web Links:
- www.uspto.gov
Market Assessment
Some of the top reasons that startup companies fail:.
- The startup does not understand the market and where they should direct their focus
- The startup does not clearly understand the difference between their customers and the decision makers
- The startup does not understand how much their prospective customers are willing to pay for their ultimate solution
- The startup underestimates the extent and level of their competition
- (there are many more reasons but they will not be discussed under the Market Assessment Phase)
Conduct a market assessment. The process of market assessment includes:
- Customer discovery
- Researching your potential market niche
- Determining your Beach Head Market (BHM)
- Defining the potential Total Addressable Market (TAM) that you hope to reach with your products and services
Additional Resources – Videos
- The Basics of Marketing Research
- Comparing Secondary & Primary Data in Marketing Research
- SBA’s – How to write a business plan
- Marketing Briefs: What is Market Research?
- How to Use Google Trends To Do Target Market Research
- What is a Beachhead Market
Additional Resources – Documents
Triangle innovation and entrepreneurial ecosystem resources.
- Technology Development & Commercialization Team
- Market Research Services
- The Entrepreneurship Collaborative (TEC) at NC State’s Poole College of Management
- The SCORE Association – Raleigh Chapter
- Assets and Resources for Creating a Thriving Innovation Ecosystem in the Triangle
NC State University Resources
- NC State’s I-Corps Site provides an introduction to customer discovery and market assessment for faculty and students interested in learning more about their target market
- Corporate membership: $500 per year, plus $50 per borrowing card
- Individual membership: $100 per year, plus $50 for a borrowing card
Additional Resources – Web Links
- Conducting a Market Analysis for Your Business Plan – Entrepreneur.com
- Market Research For Startups – SlideShare
- Market Research – WorkCompLab
- Hackpad – Startup Intelligence Tools Google Tools
- Google Consumer Surveys – A market research tool.
- Google Analytics – Web traffic and user behavior analysis.
- Google Insights – Search data by location.
- Google Trends – Search trends analyzed.
- Google Adwords – Used to drive traffic to customer experiments.
Additional Resources – Books
- Written by: Stephen K. Markham
- Written by: Don Rose and Cam Patterson
- Written by: Bill Aulet
- Written by: Steve Blank
- Written by: Brant Cooper, Patrick Vlaskovits
- Written by: Jason Baptiste
- Written by: Eric Ries
- Written by: Stephen Key
Business Model
Building a business model.
The business model is the heart of the venture. Put simply, how will this business make money?
It takes time to build a complete business model. Care must be given to really understand the voice of the customer.
It takes even more time and resources to develop a defensible business plan. Generally, startups are in search of a business model that works (one that can sustain the company) and if the company survives and gains traction, a business plan will be necessary for attracting funding. The NC State Office of Research Commercialization supports completing a business model canvas as a first step to determining the business model that will make sense for the company.
In addition, when a Startup Company in which an NC State employee holds an ownership interest makes a proposal to Office of Research Commercialization requesting to option or license intellectual property, the Startup Company will be required to provide Office of Research Commercialization with a business plan or business model canvas that includes the following information: value proposition; customers; key partners, activities, and resources; cost structure and revenue streams; and milestones for product development and commercialization.
- Complete a Business Model Canvas (BMC) with the support of Office of Research Commercialization’s New Ventures Team
- Complete a Conflict-of-Interest(COI) update (if requested by the university innovator’s approving chain)
- Complete a Conflict-of-Interest Management Plan (if requested by the university innovator’s approving chain)
- Assets and Resources for Creating a Thriving
- Innovation Ecosystem in the Triangle
- Alexander Osterwalder: The Business Model Canvas Alexander Osterwalder: Sketching Out a Business Model
- Alexander Osterwalder: Using Business Models to Beat the Competition
- Steve Blank: How to Build a Great Company, Step by Step
- What They Don’t Teach in Business School about Entrepreneurship
- Lean Launchpad Videos
I-Corps Faculty Toolkit Additional Resources – Web Links
- Business Model Canvas Information & Download
- Lean Launchpad Educators Program is offered multiple times a year through VentureWell
- Canvanizer – Create a business model canvas collaborating with team members
- Business Plan – WorkCompLab
- Written by: Randall Stross
Venture Formation
Form a company. Deciding to move forward and create a startup company is a turning point. It has ramifications, consequences and responsibilities. In fact, you are now bringing a new legal entity into the world and it is important to understand and respect the differences between the company and you as an individual. You must be able to understand and draw the line between the company from yourself as an individual in that company. As an entrepreneur, it is your responsibility to ensure that your company follow all applicable laws and operate as a responsible corporate citizen.The venture formation phase involves:
- The appropriate corporate structure for the startup (Corporation ( C-Corp or an S-Corp , Limited Liability Company (LLC) , a Partnership , or B-Corp )
- Deciding on the company name and address
- Choosing an appropriate legal counsel to form the entity and file with the state
- Link for Assistance with the NOI
- Link to NC State Conflicts of Interest/Notice of Intent
- Login to NOI EPAP
- Video on using NOI System
During this phase the startup will meet with the Office of Research Commercialization and begin to complete a business model canvas and review the Venture Development process to develop other aspects of the startup to better position them as the potential licensee for attaining the technology license from Office of Research Commercialization. Keep in mind that there is no guarantee that the startup will get the license they want. If Office of Research Commercialization decides that the startup company is the best possible licensee, negotiations with Office of Research Commercialization for a license could take several weeks to many months. However, some negotiations may only take a few days if both parties can agree to terms easily.
Important Considerations
- Entrepreneurial Professional Directory
- Domain name available
- Trademarking potential
- More on business structure
- Ownership percentages in writing
- What Is An 83(b) Election and When Do I Make It?
- You Really, Really Need a Shareholder Buy-Sell Agreement
- Why Buy-Sell Agreements Are a Good Idea for Start-ups
- Buy-Sell Agreement – What, Why and How?
- FOUNDER BASICS: FOUNDER’S STOCK, VESTING AND FOUNDER DEPARTURES
- Assignment agreements for all founders and employees to company
- The Best Cap Table Template Out There And Why It Still Sucks
- Term Sheets: The Definitive Guide for Entrepreneurs
- Cap Tables 101: The Startup’s Guide to Cap Table Management
- Term Sheet Score Card
- How is an LLC formed and where is its business purpose stated?
- Full-time/Part-time
- Compensation (deferred compensation)
Online formation tools are not a recommended strategy. While expedient and potentially cost-effective in the short-term they can lead to mistakes that will prove to be very costly in the long-term.
- Practical Legal Advice for Startups – Choosing an Attorney
- Practical Legal Advice for Startups – Seek an Efficient Legal Team
- The SBTDC Business Start-Up & Resource Guide
- Williams Mullen Founder’s Handbook
- Williams Mullen Venture Capital Guide
- Written by: Roger Royse
- Written by: Guy Kawasaki
- Written by: Garrett Sutton
- Written by Rob Adams
- Written by Chris Heivly, The Startup Factory
- Written by David Gardner, Cofounders Capital
- Written by Nathan Furr and Paul Ahlstrom
- Written by Alexander Osterwalder and Yves Pigneur
Technology Rights
Working with the office of research commercialization.
During this phase the startup company will primarily be working with the Licensing Associate from Office of Research Commercialization that is assigned as the case manager for the technology that is to be licensed. To find out who your case manager is you can use the Who Should I Contact? tool and look under “I have questions about Invention Disclosures”. The case manager that is responsible for invention disclosures for the given technology type, will also be the licensing contact.You will have to have an approved Notice of Intent disclosure (typically approved by your Department Head and Associate Dean for Research) before the license or option agreement can be executed by Office of Research Commercialization.
NOI Resources
- NC State Conflicts of Interest/Notice of Intent Webpage
How does the flow of money work from the startup to the university to the inventors?
- Milestone fee at acquisition
- Milestone Payments
- Running Royalty
- Sub-licensing
- Patent costs
The Office of Research Commercialization staff is your primary resource for this phase.
- USPTO YouTube Channel
- USPTO Videos
- USPTO Trademark Information Network
- How to use the USPTO Website
- Basic Facts About Trademarks Videos
- USPTO Intellectual Property Awareness Assessment Tool
- Startup Template License – this template license is available for your review to learn about the legal language but does not contain financial terms, due to the vast differences in technology types emerging from NC State.
What does the licensing process look like?
- Typically a startup license can be completed through three meetings. The first meeting will be to hear from the inventor/startup team about what technology they are looking to license and why are they interested in creating a company, as well as to orient the team to Office of Research Commercialization’s process. The second meeting will be to discuss terms of the license and the third meeting is usually to answer any final questions about terms and finish negotiations.
- The meetings usually involve the inventor(s) and any startup company team members, the licensing associate responsible for that college, and a representative from Venture Development.
What is typically licensed?
- It can be exclusive or nonexclusive rights to patents, know how, tangible property, trademarks, and/or copyrights.
What should I pay careful attention to in the licensing language?
- Make sure that you understand and agree with the definitions section (i.e. “Goods and Services”, “Net Revenue”, etc.)
What will reporting look like?
- When and how do you submit reports and payments will be detailed in the license agreement under the “Reports” section, in addition ORC makes an extra effort by holding a post-license meeting with the staff from the office that you will be engaging with (reporting, financial, license, venture development) and provides a condensed “cheat sheet” summarizing the important reporting and financial obligation dates.
How long will the licensing process take?
- If ORC decides that the company is the best possible licensee, negotiations with the ORC for a license could take several weeks to several months. However, some negotiations may only take a few days if both parties can agree to terms easily. The Office of Research Commercialization strives to complete the licensing process within 45 days from the date of the first meeting.
Can you share an example license/option agreement?
- After the initial meeting with Office of Research Commercialization and discussing the startup company,
What are the typical terms of the startup license?
- Upfront fee/License fee
- Under current UNC policies, inventors who are cofounders are not eligible to share in the University portion of liquidated equity
- Ghost Equity, promise to pay, major transaction fee, milestone fee
- Running royalty
- Minimum Annual Royalties
- Designed to incentivize commercialization
- Ongoing Patent Costs – Ask for approximate schedule
- Past patent expenses – Can be deferred one year and then broken up into a structured repayment plan to conserve the critical early cash of the startup
- Development Milestones
- Company Milestones (e.g. Series A Funding, SBIR/STTR Award,
- Should be tied to milestones that will generate cash flow for company
The key consideration is the relationship between the licensee and the Office of Research Commercialization (licensor) . Securing technology rights is simply the first step as you begin down the path of building a startup company, potentially licensing additional technologies, sponsoring research back to the University, needing to amend a license term or date for any number of reasons, filing reports, making financial payments in accordance with the licensing terms, or any number of other requests that the startup might engage with Office of Research Commercialization about. The relationship between the startup and Office of Research Commercialization should be viewed as a long-term one. It is important to keep this in mind and act accordingly.
External Visibility
During this phase, the university innovator will:.
- Logo Creation
- Color Scheme
- Website Creation
- Provide company information for New Ventures to make appropriate connections to the Venture Innovation Partner (VIP) Network
- Work with New Ventures on news stories and company announcements
- Join the New Ventures LinkedIn Group
- Follow the Office of Research Commercialization Twitter account to stay updated on funding and partnering opportunities
- Work with media partners as appropriate (RESULTS Magazine, University Communications, Triangle Business Journal (TBJ), HQ Raleigh, Exit Event, and other media partners as appropriate)
- Partner with the Council for Entrepreneurial Development (CED) Tech Venture or Life Sciences Conferences as appropriate
- Utilize Raleigh Founded co-working space
It is very important to be found, and increasingly this is through the web, and using a mobile device. The startup company has worked hard to develop a viable business model, form the company and license the technology from the University. Now, you are looking to attract talent, potentially investors, and ultimately customers.
New Ventures Services
ORC’s New Ventures Team will work with the startup company to develop the brand print for the startup company based on the value proposition.
- Is it unique?
- Is it memorable?
- Is it conceptual?
- Does it work in black and white?
- Is it scalable?
- Did you construct a mood board?
- How can we create an easy-to-update website that scales across all devices and browsers?
One of the main benefits of being an “NC State Startup Company” is the ability to partner with the universities’ communication partners for increased visibility. Listed below are some of the university communication partners:
- Office of Research Commercialization Communications
- Office of Research and Innovation
- University Communications
- RESULTS Magazine
- College Magazines and websites
Brand, brand print, and personal/startup company visibility:
- Exploring New Sales and Marketing Channels,Randy Komisar
- Maturing Your Brand, Brett Crosby
- Branding and Commitment, Mark Suster
- Owning Your Personal Brand,Tristan Walker
- Hidden Meanings/Facts within Famous Logos
- The Agile Inception Deck
- Register Your Business
Pitch Deck Template for startups from Malcolm Lewis
Canaan Pitch Workbook 2013 from Canaan Partners
- Innovate Raleigh 2014 Summit Report
- Visibility at annual Venture Connect Conference
- Raleigh Startup Map
- Fosterly-The Entrepreneur’s Resource
- Innovate Raleigh on the Radio #Innovate365
- Raleigh 4U Business Assistance
Mentor Network
Recruiting mentors & advisors, office of research commercialization advisors (orca) program.
The Office of Research Commercialization Advisors (ORCA) program is designed to provide a comprehensive way for a broad range of external advisors and expert management to engage with NC State startups and research teams.
Click here to learn more about the ORCA Program
The NC State Alumni Entrepreneurs Network mission is to improve entrepreneurship within the business and academic communities by fostering collaboration between alumni entrepreneurs, NC State and students. We believe there is incredible value in pairing together the new business founder, the seasoned entrepreneur and NC State. The Alumni Entrepreneurs is an organization for current or previous business founders looking to become more involved with entrepreneurship at NC State.
The NC State Poole College of Management Entrepreneurship Clinic operates the eClinic, which is located in HQ Raleigh and a co-working space in downtown Raleigh that is home to a growing community of entrepreneurs. Inspired by the hospital teaching model that integrates research, teaching and real world experience, the eClinic is embedding entrepreneurship students in the entrepreneurial community and engaging them in experiential learning. Aided by their faculty members, the students will provide consulting services to area startups and fuel new applied research in entrepreneurship and commercialization.
- Mentorship Perpetuates Success
- Mentoring Changed My Life
- Build a Composite of Mentors
- Partners and Mentors Play a Role in Success
- How a Little Mentorship, Teamwork and 54 Hours Can Turn an Idea into Startup Magic
- Written by: Chris Ducker
- The Council for Entrepreneurial Development (CED), the largest and oldest entrepreneurial support organization in the country offers their CED Venture Mentoring Service (VMS) (licensed from MIT since 2011). This service matches entrepreneurs with skilled, experienced professionals for ongoing mentoring and enables startups to scale and create concrete actions plans. VMS is a free program where applications are accepted monthly.
Leadership Team
Identifying needs and making decisions, there are several critical decisions to be made at the onset of the company’s launch for nc state innovators:.
- What is the purpose of the startup?
- What is the extent of their involvement in the company?
- How will the conflicts between your roles at the University and your company interests be managed?
- What will be competing for the innovators time during the first two years?
- What are the skill sets of the NC State Innovator(s) and are they the required skill sets to launch a company, attract funding, manage employees, and run the business in compliance with existing laws and regulations?
In the early days it might be necessary for NC State Innovator(s) to have positions within the startup company in order to build enough value or market traction in order to attract the proper leadership team. Ideally, the leadership team should be full time external people that are experienced in startup formation and growth and have experience in the particular industry sector.
Forming an Advisory Board
Advisory Boards need to be a balanced and diverse team with good chemistry.
Forming a Board of Directors
- Typically the Board of Directors should be limited to 5 people
- Board of Directors should be people who add value and connections
- Advisory Boards and Operating Plans, Brent Constantz
How to Be Startup CEO
- CED Venture Mentoring Service
- SBTDC Business Start-Up & Resource Guide
- NC State Library Copy
Technology Development
Assessing needs and locating resources.
- ORC SBIR/STTR SparkPlug Program
- Daugherty Endowment Business Plan Competition
- SBIR & STTR Overview – SBTDC Presentation at UNC Kenan Flagler
- SBIR/STTR Program Overview – NC SBTDC
- Startup Genome
- Ed Jameson, CPA – Resources
- NIH Reporter
- The Peer Reviewed Medical Research Program (PRMRP)
- Written by Eva R. Garland Ph.D.
- Written by: Brad Feld, David Cohen
- Kickstarter
- NC Jobs Act
Business Development
Business questions to address.
- Does your cost for acquiring new customers fall within your margins?
- If you can’t name your top 3 then there is most likely not a good market opportunity.
- Validate price point and that the product/solution solves the customers problem. What market segment will you focus on first?
- Douglas Eisner, JD, MBA – How to Start a Company – The Story of GrassRoots Biotechnology
- STARTUPSTASH – A curated directory of resources & tools to help you build your Startup
- Do More Faster: TechStars Lessons to Accelerate Your Startup Written by: Brad Field, David Cohen
- Inside the Tornado Written by Geoffrey A. Moore
Facilities & Equipment
Use of facilities.
The Office of Research Commercialization offers:
- Discount wet lab and office space to the NC State Incubator
- Free co-working space at RaleighFounded
One of the main benefits of launching a startup company from NC State is the access to numerous resources:
- RaleighFounded Office Space
- RaleighFounded Shared Co-working Space
- Specialized Equipment & Labs
- Facility Use Agreements
- NC State Tech Incubator
NC State Use of University Facilities (REG 07.25.11) Policy
- Facility Use Agreement Form
- Invest in Great People and Great Equipment – Not Furniture!, Frank Levinson
Triangle Innovation and Entrepreneurial Ecosystem Sources
- First Flight Ventures
- Wireless Research Center
Who sets the rates for facility use?
- Ultimately, the Department Head sets the rate.
Resources & Capital
Seeking funding, nc state funding resources.
- SBIR/STTR Spark Plug
- Daugherty Endowment
- Wolfpack Investor Network
External Financial Resources
- Regional Angel & VC Funding
- Investopedia – Statement of Cash Flows
- Accounting Coach – Statement of Cash Flows
- Balance Sheet
- Accounting Coach- Income Statement
- Types of Funding
- Forbes: 12 Tips on Raising Venture Capital for Your Startup
- Forbes: Entrepreneur vs. Venture Capitalist: The Curse Of The NDA
- The New Mathematics Of Startup Valuation
- Annual Venture Connect Conference
The Council for Entrepreneurial Development (CED), the largest and oldest entrepreneurial support organization in the country, offers a Connections to Capital program that assists startups in finding funding to scale. Connections to Capital works with a company to find and connect the venture with investors that meet the needs of the company. The program also includes educational services such as practice investor pitches.
To qualify as an accredited investor , one must meet one of the three following criteria:
- Have had an individual annual income of $200,000 for the past two years with an expectation that it will continue
- Have had a household annual income of $300,000 for the past two years with an expectation that it will continue
- Have a net worth of at least $1 million, excluding a primary residence
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New Venture Development Program (NVDP)
- Solutions Challenge
- Apply to Program
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- Corporate Donors
- Why Partner
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The technologies contained in these new companies are typically too early in development to be attractive to Angel Investors or Venture Capitalists.
This program creates new companies from technologies that have graduated from TAP and show clear business potential. The Level 2 Program supports early stage companies like these. The criteria for an early stage company is as follows:
Time required for funding to be processed 90 days Estimated Funding for companies below 3M valuation only Up to 300,000 Project Completion Timeline Less than 3 years operation time
At this stage, BioAccel may provide assistance in launching the company (if necessary), forming the management team, identifying facilities, and providing mentorship for the entrepreneur through the initial stages of the company formation.
Providing mentoring to the Entrepreneurs: According to today's statistic the major reason that start-ups fail to day is because they do not know what the customers want. At BioAccel, we guide entrepreneurs to see the rational business perspective of their product. We help entrepreneurs identify their market demands and make better decisions.
Identifying facilities: We all know that one of the most expensive form of investment in United States is health care. The facilities created to in order to provide high standard treatments to the customer require exceptional amount of funding. However, our incubator, BioInspire, is a state-of-art facility that allows a company to carry out its various research or testing.
*Applications for BioAccel programs are solicited from public and private research programs, early stage companies, and entrepreneurs. To increase the chances of funding projects whose technology will ultimately be commercialized, the external review process includes criteria that assess applications in an objective manner. An independent ad-hoc review committee of scientific, industry, financial, and business subject matter experts review applications and recommend projects to be funded
- New Venture Development
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- High School Utah Entrepreneur Challenge: Top 20 Finalist Announced Monday, March 13, 2023
- Study Entrepreneurship: Registration Dates Begin for Summer 2023 Monday, March 13, 2023
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Program Details
Who can participate?
- All faculty are encouraged to attend the education program, but application is required as slots are limited.
- No technology or commercial idea needed to attend sessions, but required to pitch
- Faculty teams can include other faculty and/or grad students and post docs
- Existing technologies permitted at least developed to proof of concept, but patent or disclosure is not necessary
Apply for Tech Venture Program
Participant / Pitch requirements
- Must attend 4 of the 6 sessions offered
- Need to have one strategy development meeting with NVD during office hours
- Need to complete 1 meeting with a mentor, teaching team, speaker, or NVD Entrepreneur in Residence
- Need to complete and document 5 commercialization qualifying meetings outside the University (NVD can help facilitate and provide network contacts if needed)
Two awards for top pitches:
- 2 course release in the Fall because start-ups take your time and attention
- New Venture Seed grant to pursue commercialization
- New Venture Seed grant
- Continued New Venture Advisor support
- Plus: bragging rights!
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Entrepreneurship: New Business Ventures
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Insead alumni benefit from an exclusive offer of a 50% reduction on the full programme fee. alumni may also recommend the programme to one associate, who can also receive a 50% reduction on the full programme fee..
Limited places are available by referral. Please contact the programme adviser for more information.
Build, scale and grow your ideas with confidence and clarity
In today’s disruptive and fast-changing business environment, more of us than ever will experience the challenge and opportunity of embracing entrepreneurship and launching a new business venture.
Whether you join a newly formed business as a key employee, start your own venture, pursue new opportunities within your organisation or choose to invest personally in innovation, embracing entrepreneurship is a unique chance to realise personal goals – and to make an indelible mark on society. But launching, growing, and managing a new business venture is not easy. And while failure is the mantra of many a seasoned entrepreneur, there are many obstacles to starting up successfully; obstacles that can set you back both personally and professionally. Mastering a set of core entrepreneurial skills and competencies, and building the right mindset is critical in determining the prosperity of your venture – and setting you on the path to success.
Entrepreneurship: New Business Ventures is your essential introduction to the skills, concepts and actions you need to build a successful new business venture. From exploring how to generate and develop game-changing ideas, recruiting and managing the right team, to identifying and engaging with investors, you will master every step of the entrepreneurial journey to success. This includes exploring ideas beyond the confines of the classroom and putting theory into practice via real-world customer interaction and pitching to actual investors.
You will learn how to think like an entrepreneur. You will also develop the acuity of vision, the agility and the mindset to:
- Understand where the best ideas come from.
- Appreciate how inferior actors can successfully compete against superior actors.
- Know when growth can be crucial for survival, but might endanger it at the same time.
- Determine how entrepreneurs should think.
- Lean to navigate terms and processes needed to manage frequent entrepreneurial tasks such as leading board meetings and raising venture capital.
Drawing on the latest in thought leadership, leading-edge INSEAD research and real-world examples, Entrepreneurship: New Business Ventures is a transformative learning experience that will equip you with everything you need to build, scale and grow your ideas with confidence and clarity.
How you benefit
- Explore how to generate, identify and test new business ideas
- Learn how to attract and build a great team to drive your venture
- Build and transform your networking and relationship building skills to interact effectively and confidently with investors and partners
- Discover how to organise, scale and grow your ventures
- Gain the knowledge to sell your idea effectively through pitching
Participant profile
The programme is specifically designed for:
- Leaders of high-growth start-ups who are ready to take their venture to the next level
- Executives/Senior managers who want to learn how to be more entrepreneurial and/or build an entrepreneurial business culture
- Executives/Senior managers leading a venture within an organisation – executives charged with driving intrapreneurial business development
- Entrepreneurs who want to start up a new business from scratch
- Investors and consultants working with start-ups and/or entrepreneurial business ventures
The program is also suitable for corporate entrepreneurs, employees or executives in family businesses, those involved in private equity, corporate venture capitalism, or working for business incubators.
This programme qualifies for the INSEAD Certificate in Global Management .
On-demand Webinar Insights into Entrepreneurial Business Models
Do most entrepreneurs identify promising business opportunities and then build a business model to fit, or do they first find a novel business model and build the business around it? Watch this on-demand webinar with Professor Henning Piezunka to find out.
During the webinar Professor Piezunka shares his thoughts and insights into entrepreneurial business models and how they are developed. This is followed by a short overview of the Entrepreneurship: New Business Ventures Programme.
Watch on-demand
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- Courses for Individuals
Entrepreneurship Development Program
Management and Leadership
Certificate Credits
- Entrepreneurship
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Course Highlights
- Network with innovators, entrepreneurs, and intrapreneurs from around the world on the MIT campus surrounding Kendall Square — known globally as the most innovative mile on the planet
- Receive feedback from coaches, pitch to a panel of judges, and engage with the MIT ecosystem
- Learn the 24-step Disciplined Entrepreneurship process created by Bill Aulet, Faculty Director of the program
- Earn a certificate of course completion from the MIT Sloan School of Management
Course Snapshot
Why attend the Entrepreneurship Development Program (EDP) ?
Drawing from the vast culture of innovation and entrepreneurship at MIT, this unique entrepreneurship development course introduces participants to MIT’s entrepreneurial education programs, technology transfer system, and global entrepreneurial network. It covers the entire venture creation process, from generating ideas to building viable global businesses, with a special emphasis on the nurturing roles of corporations, universities, governments, and foundations.
This program leverages MIT's culture of high-tech entrepreneurship to help entrepreneurs , corporate venturing executives, startup companies , and others involved in entrepreneurial environments learn what they need to develop ideas into successful businesses, and how to increase entrepreneurial opportunities in their corporations, institutions, and regions.
Course Experience
Through lectures by senior MIT faculty, visits to local startup companies, and live case studies with successful entrepreneurs, participants will be exposed to the content, context, and contacts that enable entrepreneurs to design and launch successful new ventures based on innovative technologies. Specially designed team projects give participants hands-on training and practical experience developing a business plan, while networking events bring participants together with members of MIT’s entrepreneurial community.
Learn more about the in-person course experience.
Applying to the Course
We accept enrollments until the offering reaches capacity, at which point we will maintain a waitlist. Many of the courses fill up several weeks in advance, so we advise that you enroll as early as possible to secure your seat.
You can begin the application process by using the red 'Enroll Now' bar at the bottom of the screen.
Have Questions?
Watch this recently recorded information session about the program and our related course, Disciplined Entrepreneurship .
Contact us if you would like to speak with a program director or visit our Frequently Asked Questions page for answers to common questions about our courses.
Health and Safety
See our on campus healthy and safety policies.
Upon successful completion of your course, you will earn a certificate of completion from the MIT Sloan School of Management. This course may also count toward MIT Sloan Executive Certificate requirements.
You'll leave this course able to
- Create, identify, and evaluate new venture opportunities
- Interpret customer needs and quantify the value proposition
- Start and build a successful technology-based company
- Understand how the process of starting new ventures may vary geographically and culturally
- Develop winning business plans
- Scale startups to be globally successful
- Navigate the venture capital investment process
- Obtain feedback on personal entrepreneurship skills
- Enhance and expand your network
Read more about William Sunito's experience .
Sample Schedule—Subject to Change
Should you attend the Entrepreneurship Development Program?
This program is designed for
- Aspiring entrepreneurs
- Corporate venture officers
- Those who would like to develop or strengthen a climate of entrepreneurship in their corporations, universities, and regions
- Teams of entrepreneurs or intrapreneurs are encouraged to attend the program together with university staff and/or development professionals from their region
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Entrepreneurship is a career path for many students upon graduation or later in their career. Launching a new venture raises unique challenges given that a sustainable business model has yet to be determined and financial resources are initially limited. This pathway offers a curriculum that combines strategy, finance, organizations, and marketing in pursuit of successful new venture creation. The pathway includes a sequence that allows interested students to develop and launch new companies (ENTR 462, 464, and 466), coupled with courses that develop discipline-based skills of particular relevance to building new firms.
Faculty sponsors: Ben Jones (Strategy), Mitchell Petersen (Finance)
1 | Launch-Pad
2 | building-blocks.
*These two courses have significant content overlap and students should not take both courses.
3 | Industry-Focused and Experiential
4 | nuvention (cross-university).
NUvention courses offered through McCormick include discover, test, launch phases.
Last edited October 10, 2022. For any questions regarding this page, please email [email protected]
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The Black Corporate Board Readiness (BCBR) program accelerates diverse representation in corporate governance by accompanying highly experienced, qualified Black leaders through a structured executive education program. The BCBR program connects participants to experienced board members, rigorously prepares them to excel, and builds a community devoted to better business performance and racial equity.
We launched the inaugural BCBR cohort in February 2021 on the foundations of the Women's Corporate Board Readiness program. BCBR is a “for us, by us” community: we seek to provide a safe space for conversations about the realities and responsibilities of being Black on a corporate board, and each program participant is accompanied by a mentor with lived experience as a Black corporate director.
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The BCBR program comprises over 43 virtual contact hours with exceptional facilitators and experienced Black leaders and 4 hours of individual mentorship:
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Across the nation, people are screaming, crying out for social equality and to get rid of social injustice, inequality. My feeling is that business has a role to play and that it’s very important for business to act now. If business does not show leadership now, people will look for leadership elsewhere. Leadership by business starts by ensuring more diversity in the boardroom.
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Venture capital | venture capital & private equity, stuart peterson. senior partner and founder of artis ventures., stuart peterson's bio:, stuart peterson's experience:, board at cohesity.
Cohesity’s mission is to enable companies of all sizes to bring order to their data chaos. Started by Mohit Aron, the pioneer of hyper-convergence, Cohesity takes aim at the inefficient, fractured landscape of secondary storage for backup, development, and analytics by applying a distributed, web-scale architecture to converge these silos of data. Its solution converges these secondary storage workflows into an intelligent data platform so customers can store and protect data seamlessly, use it efficiently, and learn from it instantly. The company is headquartered in Santa Clara, California, and is backed by leading venture capital firms including Sequoia Capital, Wing Ventures, ARTIS Ventures, Google Ventures, Qualcomm Ventures, Accel Partners, Battery Ventures, and Trinity Ventures.
Board Member at Stem CentRx
Stem CentRx is combining scientific talent from the world's leading enterprises and academic labs, a stem cell centric philosophy, and cutting edge technologies to develop novel cancer therapies and diagnostics, with the hope of ultimately curing patients with solid cancer tumors. Stem CentRx was founded in 2008 with the intent of developing life-changing therapies for cancer patients. The company has developed proprietary discovery platforms that yield unprecedented insight into the biology of solid tumors and are being exploited to develop potent new cancer drugs.
Trustee at San Francisco Museum of Modern Art
Founded in 1935, SFMOMA was the first museum on the West Coast devoted to modern and contemporary art. From the outset, the museum has championed the most innovative and challenging art of its time, and continues to exhibit and collect work by both modern masters and younger, less-established artists. By embracing the challenge of the new and unexpected, the museum hopes to encourage fresh ways of seeing, thinking, and engaging with the world. The museum strives to continuously expand the range of cultural experiences offered, and to provide as many ways as possible to make the art meaningful and accessible to the community. To that end, the museum's role as a place for learning and inspiration is set to be enhanced through an expanded building, scheduled to open in early 2016, that will showcase an expanded collection and dramatically increase our capacity to serve visitors of all ages.
Partner at ARTIS Ventures
Trusted and experienced venture investor looking to partner with consumer Internet and enterprise companies at all stages - seed, early-stage and growth. We are interested in meeting founders and teams with a clarity of purpose and focus, strong track records and original bold ideas that have the power to disrupt an industry, a market and ideally the world. As a partner, we work closely with founders and management teams to help create and grow industry leading companies that provide customers with truly differentiated capabilities and superior value. Supporting companies across multiple areas including customer introductions and acquisition, recruiting, business development, marketing, operational excellence and strategy, company financings and exits. Areas of focus: Consumer Internet and Enterprise IT (including Next Generation Compute, Software, Storage, Infrastructure, Open Source, SaaS, Security, Public/Private Cloud, Virtualization, Mobile and Networking).
Stuart Peterson's Education:
The university of chicago - booth school of business, stuart peterson's interests & activities:.
Exploring new technologies, art and design, snow skiing, cycling and yoga.
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The New Venture Development Program will prepare you to: Step into any role after your undergraduate or graduate experience better prepared to lead confidently and innovate in everything you do. Launch new ventures Take leadership roles at startups Innovate in a corporate setting Work at venture capital firm Applications are due February 03, 2023
Conceive, launch, and grow a successful new venture Analyze, prioritize, and determine the feasibility of new product and business ideas Pitch your business to potential investors and other stakeholders Evolve your leadership approach to manage ongoing innovation, radical change, and growth Address competitive challenges
NVD helps with the drafting of initial executive summary, core value proposition messaging, and introduction to mentors 1:1 meeting with NVD Staff Incentives for Teams Sharing of Markets Trend Summaries and Reports relevant to the Project Assessment Teams at this stage have completed at least one of the following: Provisional Patent Filed
What is the Venture Development Process? It is what we refer to as building a startup company around a university technology that has been licensed. The Venture Development Process graphic (above) includes a walk-through of the steps or phases involved with starting a company based on University intellectual property.
New Venture Development Program (NVDP) This program creates new companies from technologies that have graduated from TAP and show clear business potential. The Level 2 Program supports early stage companies like these. The criteria for an early stage company is as follows: Time required for funding to be processed 90 days
Over the course of the fall and spring semesters, New Venture Development Center student associates engage with on-campus resources and business professionals while building out a lasting professional network. The program is open to graduate students from any major at the U. Apply Here Learn More
Need to have one strategy development meeting with NVD during office hours Need to complete 1 meeting with a mentor, teaching team, speaker, or NVD Entrepreneur in Residence Need to complete and document 5 commercialization qualifying meetings outside the University (NVD can help facilitate and provide network contacts if needed)
The Master of Science in Innovation and Venture Development (MSIVD) program is a transdisciplinary partnership between three leading schools at Arizona State University: ... to provide an extremely well-rounded experience of the process of innovation and the development of a new venture or company. Faculty come from all three disciplines and ...
Entrepreneurship: New Business Ventures Apply Reserve a seat Download Brochure Contact our advisor Send an email Call Europe office Call +33 1 60 72 43 56 Upcoming Sessions July 2023 Begins 03 Jul 2023 Fontainebleau 5 days Apply Reserve a Seat Download Brochure €9,950 INSEAD Alumni Offer
Drawing from the vast culture of innovation and entrepreneurship at MIT, this unique entrepreneurship development course introduces participants to MIT's entrepreneurial education programs, technology transfer system, and global entrepreneurial network. It covers the entire venture creation process, from generating ideas to building viable ...
Majors & Pathways. Entrepreneurship is a career path for many students upon graduation or later in their career. Launching a new venture raises unique challenges given that a sustainable business model has yet to be determined and financial resources are initially limited. This pathway offers a curriculum that combines strategy, finance ...
VP, Program Delivery. VP, Corporate Development. VP, Product Development . Tuition and Financial Aid. $115,065 . Tuition for the full program in the 2022-23 school year. Includes tuition, books, meals and parking during academic terms, and international in-country travel and accommodations for a mandatory international trip. ... New Venture ...
The BCBR program connects participants to experienced board members, rigorously prepares them to excel, and builds a community devoted to better business performance and racial equity. We launched the inaugural BCBR cohort in February 2021 on the foundations of the Women's Corporate Board Readiness program. BCBR is a "for us, by us ...
His role is to lead PATH Ventures statewide development program to provide quality permanent supportive housing. His role also includes looking for future development opportunities, development partners, and joint-venture opportunities as well as remain up to date on affordable housing finance policy, regulations, and funding.
Stuart Peterson and Artis Ventures have been partnering with visionary founders who create new markets or redefine existing ones since 2001. From the earliest stages, partnered, funded and supported YouTube, Nimble Storage, Locus BioSciences, Excision BioTherapeutics, Practice Fusion, Stemcentrx, Bracket Computing, Data Domain, Versa Networks, Fabric Genomics, Aruba Wireless Networks, Palantir ...