Don Jones Center Accelerator

Submitted by admin on Sat, 12/18/2010 - 16:40

Applications due: Monday, February 14, 2011

1. A 12 week summer program that includes funding and office space
2. Funding: $15,000 per company in the form of a convertible note
3. Mentorship by an experienced entrepreneur and a CMU faculty member
4. Access to the entrepreneurs in residence program
5. Entrepreneurship coursework
6. Additional programming throughout the school year, such as roundtable discussions and a speaker series

Details follow

The DJC Accelerator, a 12-month program run by the Donald H. Jones Center for Entrepreneurship, paves the way for the aspiring entrepreneur to develop a company while completing studies at Carnegie Mellon. Each year up to 4 teams/companies will be selected to participate. Our approach consists of rapid product prototyping coupled with focused market analysis.

Eligibility Criteria

1. Enrolled as a graduate student at Carnegie Mellon University through Spring 2012
2. Have founder status on an interdisciplinary team
3. Passionate about pursuing the company post-graduation
4. Participate in the CMU Cross Campus Venture Competition on February 4, 2011 (submissions due in late January)
5. Taken a CMU introductory entrepreneurship course by Mini 6 2011

Companies from all industry segments will be considered including both short and long cycle businesses such as educational software and medical devices/medical informatics, respectively. Eligible companies must be technology-based, with a high-impact opportunity.

Students who are accepted and agree to participate in the DJC Accelerator agree to the following conditions:

1. Coursework. Have taken a CMU introductory entrepreneurship course no later than Mini 6, 2011. Enroll in Commercialization and Innovation A & B for Fall, 2011
2. Mentorship. Work collaboratively and proactively with assigned mentor(s) through the summer period and fall coursework (scheduling meetings, preparing meeting agendas, following through on agreed upon tasks)
3. Deliverables. Upon completion of the summer program students will be required to:
- a. Deliver a presentation on your progress
- b. Submit a report on what you, individually, learned over the course of the summer and what your milestones and tasks for the next sixth month of your company’s development are to include.
4. Community Engagement. Attend the Swartz Entrepreneurial Leadership Series and actively participate in the corresponding roundtables throughout the 2011-2012 academic year (excluding class conflicts), including taking a leadership role in these programs

Application & Selection Process

Stage 1: Application
Submit your application to by Monday, February 14, 2011 by 9:00 am EST

Prepare an application which includes the following (3 pages maximum, 10 pt Arial font, 1.5 spacing, 1 inch margins)
1. Your Idea
2. How it will make money
3. The market opportunity / size
4. The team (List both founders and advisors, specifically noting which individuals are applying to participate in the DJC Accelerator)
5. Your goal-oriented milestones (major milestones that you plan to accomplish during summer. Be specific about how will you go about developing a prototype and test the market.)
6. Planned use of funds ($15,000).

Stage 2: Interviews - Monday, February 21 through Wednesday, March 4, 2011

6-10 teams/companies will be chosen to proceed to the next round for consideration. Those selected will be interviewed and assessed by at least one member of the selection committee.

Stage 3: Announcement – No later than Monday – March 18, 2011

2011 DJC Accelerator Cohort will be announced

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