Following are an array of strategies that will fully address Gap #1 over a 2-3 year period:
== Tactic #1: The Student Venture Capital Fund (Wake Ventures) ==
*''Description:'' I believe that this strategy can hit on a number of key points to develop the innovation and entrepreneurship on campus. The immediate problem The Student Venture Capital Fund will solve is the lack of entrepreneurial extracurricular clubs. This will provide students with a way to get involved in the I&E ecosystem on campus while learning and having fun. On campus, there is a similar organization called The Student Fund. My idea was to model this club in a similar mindset. The interesting part about this idea is that it can be twisted and reorganized so that it fits the needs and resources of the campus. The way I see this tactic running would be to gather a group of 20 to 50 students. Each month the group would meet and give presentations about startup companies they have researched and learned about. They would put together all aspects of their business plan and then pitch it to the larger group. We would have a theoretical dollar amount in the fund to give to each company. The students acting as the <span data-scayt_word="vcs" data-scaytid="40">VCs</span> could discuss pro vs cons and whether they would invest in this company. Student groups could be broken down into sector/industry groups so everyone could learn about different industries as well. On the other hand, instead of conducting the Venture Capital Fund in a theoretical sense we could attempt to raise money through the ICE program or other university resources. This way we could actually invest money into student entrepreneurs and gain a more hands on approach. This could also open doors to invite local venture capitalists to speak, sit in on the meetings, or give advise. I think a club like this could also teach non-business students the "frightening" financial process behind funding ventures.
*''Team Leader: ''TBA *''Milestones'': Develop and adjust idea December 2013, test feasibility Jan-Feb 2014, recruit students May 2014, Apply for chartering October 2014, Kick off Nov/Dec 2014.Keshav Daga
*''Milestones'': In the process of development. Plan for formal launch in January 2016 by having an information session to gauge student interest.
== Tactic #2: Business Plan Competition (Demon Deacon Pitch Plan Competition) ==