Virtual office hours for Entrepreneurs

The Startup Station has launched a new FREE resource for all entrepreneurs.

Virtual Office Hours: Starting February 6th,The Startup Station will be offering weekly virtual office hours every Thursday on Zoom! Join me to ask any questions related to fundraising, investor search, valuation, financial modeling, and startup financing and to meet other entrepreneurs.

Not being able to credibly communicate your business case to investors is one of the three main reasons entrepreneurs fail to secure funding. Come on Thursday and learn how to get funded faster.

When: 12 pm – 1:30 pm EST every Thursday.

Register: Here

Tip of the Week: I’ve come across this great video by Jenny Fielding from Techstars on how to build an investors pipeline. Many founders approach the investors search incorrectly, trying to meet as many investors as possible, and seeing what happens. She offers a more structured approach with a much greater degree of success.

Of course the next step is how to get the best deal, and this is what I discuss In my fundraising class.

Investor Guide: Sign up to our mailing list, and receive YOUR FREE Investor Search Startup Fundraising Guide outlining six investor search strategies and twenty four resources, with a special section for female founders and two databases of U.S. and European VC funds.

About: The Startup Station is an educational and consulting company specializing in modeling and valuing early-stage ventures. We help entrepreneurs master the necessary finance skills and correctly translate their business plan into a financial plan so that they can credibly present their company to investors. We also help founders figure out how to use a financial model to drive their business forward.

 

Registration open for the first Cornell Women in Entrepreneurship Conference

Join us in NYC on March 5th for the first Cornell Women in Entrepreneurship Conference! Tickets are $50 and you’ll experience inspirational sessions from Cornell experts and leaders- not to mention an amazing networking opportunity. See below for a copy of the latest marketing email.

 

To get more details and register visit https://alumni.cornell.edu/connect/networking/cen/women-in-entrepreneurship/

Cornell undergraduates encouraged to participate in BIG IDEA Competition

2020  RULES

Cornell undergraduate students from all disciplines are encouraged to participate in the BIG IDEA Competition.

February 16, 2020 at 11:59 pm is the Deadline for Submission!

An idea may be submitted by an individual or a  team consisting of multiple people, but all team members must be current Cornell undergraduate students.

An idea may be submitted to either the traditional general track or to the new “World on the Move” track.

“Perhaps no issue today is more pressing and more complex than the movement of humans, plants, animals and resources across a planet that is increasingly fragile – environmentally, economically and socio-politically.” – Provost Michael Kotlikoff.

Students are encouraged to use entrepreneurial skills and the mindset of change-makers to  present BIG IDEAS which address the complex challenges expressed by a “World on the Move.” Examples include, but are not limited to ideas which would deliver:

  • Affordable, reliable, renewable alternative energy accessible to all
  • Clean water & sanitation solutions
  • Health care for all – e.g. Immunizations, child care, elder care
  • Agriculture best practices
  • More efficient food supply chain resulting in good nutrition for all
  • Access to social justice & gender equality in employment and sustainable economic development practices
  • Poverty alleviation solutions such as education equity, providing better housing and sustainable transportation
  • Innovations which build resilient infrastructure, sustainable industrialization
  • Solutions addressing the challenges and complexities of human and nonhuman migration.
  • Expedited response to climate change disasters including tsumani, hurricanes, extreme fires, etc.

In either track, ALL entries must be early-stage ideas, and not developed businesses.  As such, an idea that already has a functioning business associated with it will not be accepted. Specifically, the idea:

    • Cannot be currently generating revenues
    • Cannot already have received funding or financing of any form
    • Must not have previously been accepted into an accelerator or incubator
    • Cannot have any legal form of incorporation

TIMETABLE

February 16, 2020 at 11:59pm is the Deadline for Submission! Once submitted the idea is considered final for Round One.

March 1st  – Round One – 24 semi-finalists will be notified and provided basic presentation coaching from Life Changing Lab. Although an amendment to the BIG IDEA may be made, the fundamental idea cannot change from round to round.

March  11th Finalists Selected. The field will be narrowed down to 12 finalists who will be assigned a subject matter mentor/coach to help the applicant improve their submission.

April 17th  BIG IDEA Competition (during Celebration )  – The  12 finalists will have three minutes to present before a live audience of peers, faculty and distinguished guests.  The BIG IDEAS from each track will be judged by a group of experienced entrepreneurs, innovators and change-makers whose experience spans both social and traditional business enterprises.

PRIZES

A total of $9000 in cash awards are supported by the Vijay (MEng ’75) and Sita Vashee Promising Entrepreneur Award Endowment Fund.

  • 1st Place  – $3000
  • 2nd Place  – $1000
  • 3rd Place  – $500

 

Click here to Apply

For more information contact Debra Moesch dlm8@cornell.edu

Cornell launches online entrepreneurship program

To bring a startup business to market, an entrepreneur needs to assess the viability of their concept, develop a strategic framework and navigate the due diligence required to finance it.

On Nov. 19, National Entrepreneurs Day, Cornell launched a new Entrepreneurship certificate program, designed to develop the necessary knowledge and skills to take a new idea from theory to realization.

“Ideas are easy to come by, but the real challenge comes in getting them off the ground,” said Tom Schryver, program author, visiting lecturer in the Samuel Curtis Johnson Graduate School of Management, and executive director of the Center for Regional Economic Advancement. “This program will help students understand how startups raise capital to execute on their plans, both from the perspective of an entrepreneur seeking to raise money as well as from the point of view of an investor looking to make an investment in a startup.”

The program will enable participants to structure a business model to protect their interests, assign fair valuation to an opportunity and secure funding. Participants will also explore many types of funders, from equity and angel investors to venture capitalists, crowdfunders and grant programs.

Courses in this program include:

  • Assessing Startup Viability and Funding Options
  • Pitching Your Business Opportunity
  • Protecting Your Interests
  • Financial Planning, Valuation and Dilution
  • Company Structure and Due Diligence
  • Post-Investment Best Practices

After completing the six courses, participants will receive an Entrepreneurship certificate and 60 professional development hours. Visit the eCornell website to learn more about this program.

Fueling Cornell Startups for Success

By Jackie Swift

Starting a new business isn’t easy, not even if you have a breakthrough Cornell invention to base it on. On average, around half of all new businesses are still viable five years after launch. Cornell entrepreneurs can give themselves a better chance at success, however, by joining an incubator, according to Robert M. Scharf, director of the Praxis Center for Venture Development.

“There’s a national statistic that says startup incubators raise the likelihood of success for a new venture by over 75 percent,” he says.

Robert Scharf ’77, Nurturing Cornell’s Startup Culture at the Praxis Center for Venture Development

Scharf ’77 recently returned to Cornell to head the Praxis Center after a career working at big engineering firms and founding multiple startups. The center, which opened in March 2019, is Cornell’s on-campus incubator for startup companies looking to commercialize Cornell-based breakthrough innovations in the engineering, digital, and physical sciences. Six fledgling startups applied to join the incubator by August 2019 as the inaugural group of companies.

“Most of our clients are first-time entrepreneurs and the vast majority have never worked anywhere but in academia,” Scharf says. “The center is here to help them find their way through all the minefields to commercialize these great inventions. In many cases, I’m a cheerleader, a guide, a technical consultant, and a network hub for these new entrepreneurs.”

 

Continue reading : https://research.cornell.edu/news-features/fueling-cornell-startups-success

eLab to Hold Fall Demo Day

You’re invited to eLab Fall Demo Day!

When: November 21, 5-7 pm

Where: Rev: Ithaca Startup Works

RSVP now.

 

The 2019-20 eLab cohort and Cornell Engineering’s Commercialization Fellows will pitch their business ideas and progress made during through the program to C-suite entrepreneurs and investors. Please RSVP.

Two Upcoming Entrepreneurship Workshops

You are invited to two entrepreneurship workshops focused on licensing technology & funding opportunities for startups!

The Fast Track to Licensing University Technology

October 25, 10 – 11:30 a.m.

eHub Collegetown – Multipurpose Room

RSVP here

Pat Govang and Nate Cook will lead this workshop discussion focused on how to fast-track licensing of university technology.

SBIR Application Process and Funding for Startups

October 28, 5:30 – 7 pm

Rev: Ithaca Startup Works

RSVP here.

Kirk Macolini, President of InteliSpark, LLC, will lead a discussion focused on the SBIR application process and how to find other non-dilutive funding opportunities for startups.

Ideation Workshop with Andrea Ippolito: Aligning Your Passion & Expertise with an Unmet Market Need

When: Friday, October 4th from 9:00-10:30am

Where: Upson Lounge, Upson Hall, Cornell University

 What: This isn’t the same old ideation workshop. One of the challenges with getting started on your entrepreneurial journey is identifying an unmet need in the market aligned with your passion and your expertise. In this workshop, we will walk through a series of activities to help you tackle all three of these: customer needs, your strengths, and your domain areas of interest to you!

 RSVP: https://www.eventbrite.com/e/aligning-your-passion-expertise-with-an-unmet-market-need-tickets-73439364115?aff=affiliate1

Two opportunities from EMRG – a talent showcase and pitch competition in NYC.

EMRG – a talent showcase and pitch competition in NYC – has announced two exciting opportunities.

EMRG Pitch Off: 15 ambitious student founders competing for up to $30K worth of prizes and the attention of NYC’s investors, mentors and media. Sign up to compete here and attend here: https://ramenworks.typeform.com/to/NNejth

EMRG Talent Showcase: We’re connecting top student talent with exciting internships and jobs at NYC-based technology companies and startups. Sign up to attend here: https://ramenworks.typeform.com/to/UZg22y

Please contact them directly if you have any questions.

ERA Winter 2020 Accelerator Applications Open

Entrepreneurs Roundtable Accelerator (ERA) has opened applications for it Winter 2020 cohort.  In the past, several Cornell teams have gone through ERA.  Please direct any questions to Emily Bell, emily@eranyc.com at ERA.

ERA holds itself out as NYC’s leading tech accelerator. They invest $100K in selected startups and work closely with founders to help them build their businesses. To date, ERA has invested in 190+ companies who have gone on to raise $450M in investor capital and have a combined enterprise value of $2B.

https://www.eranyc.com/apply/

ERA invests $100K in seed funding with potential follow-on funding and gives entrepreneurs access to NYC’s largest mentor network of 500+ industry leaders and the strongest alumni network of 190+ companies. Application Deadline: Oct 28, 2019; Program Start Date: Jan 13, 2020