<span><span style="font-size: 14.6667px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap;">Written by: [[Alex Modell|Alex Modell]]</span></span>
<span><span style="font-size: 14.6667px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap;"></span></span>
= <span><span style="font-size: 14.6667px; font-family: Arial; vertical-align: baseline; white-space: pre-wrap;"></span></span><span style="color: rgb(0, 0, 0); font-family: Arial; font-size: 14.6667px; white-space: pre-wrap; line-height: 1.38; background-color: transparent;">Strategy 3: Creating a seed fund at the University to help student businesses get off the ground</span> =<br/> == <span id="docs-internal-guid-d54b595c-d8e1-04c9-7267-8a093d152016"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">3.1 The first step is to contact key partners at the university (October 2016)</span></span> == <br/><span id="docs-internal-guid-d54b595c-d8e1-04c9-7267-8a093d152016"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">First we will need to contact key partners such as the school board, the business school, the university president, and any other important stakeholders that are on board to start a seed fund at the school to help students start their own businesses.</span></span><br/>== <span id="docs-internal-guid-d54b595c-d8e1-04c9-7267-8a093d152016"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">3.2 The second step is to find donors or sponsors who support seed funding (November 2016)</span></span> == <br/><span id="docs-internal-guid-d54b595c-d8e1-04c9-7267-8a093d152016"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Finding sponsors or donors is a huge part of starting a seed fund at our school. Trading money for equity in a student's business will allow a student to get the money they need to really grow and start their business.</span></span><br/>== <span id="docs-internal-guid-d54b595c-d8e1-04c9-7267-8a093d152016"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">3.3 Then we will find out if the school will donate money to the seed fund (November 2016)</span></span> == <br/><span id="docs-internal-guid-d54b595c-d8e1-04c9-7267-8a093d152016"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Not only are sponsors an important part of getting money for the fund, but the school can also be a big investor in this fund. The school can donate a certain amount of money to the fund each year to sustain this project and keep it running.</span></span><br/>== <span id="docs-internal-guid-d54b595c-d8e1-04c9-7267-8a093d152016"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">3.4 Then we will hold interview processes for students who want to get seed funding (December 2016)</span></span> == <br/><span id="docs-internal-guid-d54b595c-d8e1-04c9-7267-8a093d152016"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">We will hold interviews to assess if a student will do well with the money given and to find out how much money a student should get. It is important not to give out money to just anyone with no plan of how to use it. Students will thorough plans will get seed funding for their business.</span></span><br/>== <span id="docs-internal-guid-d54b595c-d8e1-04c9-7267-8a093d152016"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">3.5 The last step is to launch this program and sustain it (January 2017)</span></span> == <br/><span id="docs-internal-guid-d54b595c-d8e1-04c9-7267-8a093d152016"><span style="font-size: 14.6667px; font-family: Arial; color: rgb(0, 0, 0); vertical-align: baseline; white-space: pre-wrap; background-color: transparent;">Sustaining this program will have a great benefit for students who want to start their own businesses. This will be great for young entrepreneurs who want to create new things and would not be able to without the help of the seed fund.</span></span>
<div><br/></div><div>Written by: Mandi Johnson</div></div>
[[Category:Student Priorities|w]]