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School:Milwaukee School of Engineering

1,196 bytes added, 1 year ago

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=='''~~Senior Design~~ Innovent Center Project Seed ~~Money~~Funding'''==

<li>Background:  Students ~~either~~ kickstarting projects such as their Senior Design Project , capstone projects, or any other projects (regardless of affiliation with a class or ~~Honors Servant Leadership Project~~ not) may apply for up to $500 as in seed fundingthrough the Innovent Center in the Raider School of Business.</li>

<li>How it works: Students fill out an application outlining the project, what the money will be used for, and why it’s important that they receive this seed money. There is a finite amount of funding, and it is dealt out first come first serve.</li>

<li>Mission: To enable students with projects to get off the ground and ensure they have a solid foundation to get off of. Going through the application process also forces the student, if they haven’t already, to aggregate and deliver the project concisely in a way that would warrant them funding.</li>

<li>Entrepreneurial Tie: The seed funding enables students to achieve goals more quickly as funding may be something holding students back from moving forward with their project. In order to submit an application for these funds, students must attend workshops, submit proposals by a defined deadline, and then present a video pitch to a panel of judges. This ensures they know their project thoroughly and are able to sell their ideas to others effectively.</li><li>Competitors: Any outside or inside investors - ~~Senior Design~~ Innovent Center Seed Funding however, is both certainly reliable and relatively easy to obtain compared to outside sources of funding like Angel Investors or Venture Capitalists.</li>

<li>Outcome: Students are able to drive ideas forward with seed funding and likely have some money to fall back on later in the project.</li>

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Jaminthoughts

2024-cohort

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