The second option is for the Startup to fund 50% of the services while EnterpriseWorks and DCEO fund the other 50%. This will involve an internal application process with input from OTM, but will be less restrictive. The final option is for the Startup to fund 100% of the program upfront. This requires no repayment and qualification through EnterpriseWorks application. This option allows a Startup to access service agreements negotiated by EnterpriseWorks. Service offerings may differ by Startup, which may elect some or all of the proposed services depending on its needs. However, if fewer services are used, the amount of funding may be reduced. I-Start Program Service Offering I-Start Entrepreneur Services Service Legal Services Business Planning SBIR Financial and Student Shared Types Assistance Payroll Services Center Services Scope of Initial company Write business Finding Payroll Market Services plan with solicitation formation, bylaws, admin and research application for inventor input and agency fit tax Presentation FEIN (filing fees Market research SBIR process withholding assistance paid by Financial guidance Quarterly Initial entrepreneur) projections Draft budget and annual template Stockholder Recommend Writing financial website sources of assistance agreements and statements Logo certificates capital Help with Assistance assistance Stock option plan Assistance with letters of with Social media, Employment hiring and support Quickbooks Adwords agreement incorporation Project setup for the IT/Computer Non-disclosure decisions management business system setup agreements Registrations (up to 100 hours and of student work) submission Cost for in-kind Service $2,200 $7,200 $2,500 $3,000 contribution of Package $1,400 Total New Company First-Year Service Package: $14,900 plus in-kind donated support of up to $1,400 in student time per startup Selection Process: Entrepreneurs will submit an application explaining their request for funding. Proposals will be reviewed on a rolling basis for competitive evaluation and allocation of funding. The EnterpriseWorks staff, Office of Technology Management, and Research Park Entrepreneurs-in-Residence will serve as the review committee. The committee will review proposals for company need, participation and commitment of the inventor/researcher in the company, commercialization potential of the applicant, interest by commercial partners or investors, and evaluation of the innovation and research.
The second option is for the Startup to fund 50% of the services while EnterpriseWorks and DCEO fund the other 50%. This will involve an internal application process with input from OTM, but will be less restrictive. The final option is for the Startup to fund 100% of the program upfront. This requires no repayment and qualification through EnterpriseWorks application. This option allows a Startup to access service agreements negotiated by EnterpriseWorks. Service offerings may differ by Startup, which may elect some or all of the proposed services depending on its needs. However, if fewer services are used, the amount of funding may be reduced. I-Start Program Service Offering I-Start Entrepreneur Services Service Types Legal Services Business Planning SBIR Assistance Financial and Payroll Services Student Shared Services Center Scope of Services Initial company formation, bylaws, application for FEIN (filing fees paid by entrepreneur) Stockholder agreements and certificates Stock option plan Employment agreement Non-disclosure agreements Write business plan with inventor input Market research Financial projections Recommend sources of capital Assistance with hiring and incorporation decisions Finding solicitation and agency fit SBIR process guidance Draft budget Writing assistance Help with letters of support Project management Registrations and submission Payroll admin and tax withholding Quarterly and annual financial statements Assistance with Quickbooks setup for the business Market research Presentation assistance Initial template website Logo assistance Social media, Adwords IT/Computer system setup (up to 100 hours of student work) Cost for Service Package $2,200 $7,200 $2,500 $3,000 in-kind contribution of $1,400 Total New Company First-Year Service Package: $14,900 plus in-kind donated support of up to $1,400 in student time per startup Selection Process: Entrepreneurs will submit an application explaining their request for funding. Proposals will be reviewed on a rolling basis for competitive evaluation and allocation of funding. The EnterpriseWorks staff, Office of Technology Management, and Research Park Entrepreneurs-in-Residence will serve as the review committee. The committee will review proposals for company need, participation and commitment of the inventor/researcher in the company, commercialization potential of the applicant, interest by commercial partners or investors, and evaluation of the innovation and research.
I%20Start%20Application%20for%20entrepreneurs%20rev%2010%2024%2011.docx