You are here

Venture Creation Program

Become a YEI Innovator!

The Venture Creation Program (VCP) was created to catalyze and support the growth of new, early-stage ventures at Yale. It is dedicated to providing resources for entrepreneurial teams to commercialize promising, unique products or services. The VCP is a cohort-based program, where each student team attends an orientation, two update lunches, and a pitch lunch. Each team is expected to make tangible progress on their ventures throughout the program, and presents regularly on their progress and lessons learned to VC Advisors/Entrepreneurs-in-Residence, YEI staff, mentors, and other LAB teams.

Interested?

We’re looking for Yale students, postdocs and faculty interested in launching a startup.

All applicants will be automatically considered for additional support through the Global Social Venture Creation Program

  • In partnership with InnovateHealth Yale, two teams that focus on improving global health in a low-resource country will be eligible for this prize. In addition to the $1,000 given to all teams, each global social venture team receives $2,200 to travel to the country that is the focus of the venture.

How to Apply

  • Read through the Selection Criteria, and Benefits & Requirements below
  • Attend YEI Office Hours to receive the application link
  • Complete the application by the deadline

Dates & Deadlines

  • Applications Due: Friday, Sept. 16 (Cohort 1); Friday, Oct. 28 (Cohort 2); Friday, March 3 (Cohort 3)
  • Mandatory Attendance Dates (Cohort 1): Fri., Sept. 30 (Orientation); Fri., Oct. 14 (Update Lunch); Fri., Oct. 28 (Update Lunch 2); Fri., Nov. 4 (Pitch Day)
  • Mandatory Attendance Dates (Cohort 2): Fri„ Nov. 11 (Orientation); Fri., Dec. 2 (Update Lunch); Fri., Dec. 9 (Update Lunch 2); Thurs., Dec. 15 (Pitch Day)
  • Mandatory Attendance Dates (Cohort 3): Thurs., March 9 (Orientation); Fri., March 31 (Update Lunch); Fri., April 28 (Pitch Day)

SELECTION CRITERIA

All Applicant Teams will be evaluated on the following criteria:

  1. Compelling and unique product or service (What impact are you trying to have? How are you different?)
  2. Validated customer or market demand (Do people want what you are offering?)
  3. Reasonable initial business model hypothesis (How will you make money?)
  4. Team qualifications, commitment and motivation (Can your team pull it off?)

BENEFITS & REQUIREMENTS

Accepted Yale Innovators in the Program Receive:

  • $1,000 in funding*
  • A dedicated Venture Creation Advisor
  • Drop-in workspace in the YEI Incubator (254 Elm Street) during the academic year
  • Educational training in Lean Startup, Product-Market Fit, Customer Discovery, and more
  • If needed, access to YEI’s Venture Creation Consultants
  • If needed, access to YEI’s corporate partner services, in legal, branding, intellectual property, and more*
  • If needed, a mentor from YEI’s Mentor Network
  • Access to meetings with YEI’s VC/angels/foundations network
  • Special consideration for YEI Summer Fellowship ($15,000)
  • Eligibility to apply for YEI Innovation Fund ($100,000)

*please note that funding does not apply to faculty teams.

 Accepted Innovator Teams Agree to:

  • Attend the cohort’s orientation, two update lunches, and the final pitch lunch (please see above for dates for this cycle’s dates)
  • Dedicate at least 5-10 hours per week to advancing the venture outside of programming
  • Meet with their Venture Creation Advisors regularly
  • Utilize resources provided
  • Provide regular updates on their venture and progress to their VCA and/or YEI staff over the lifecycle of the venture (including post-VCP)

Questions? Contact Kassie Tucker, kassie.tucker@yale.edu.