M&T Innovation Fund Application
The M&T Innovation Fund is a University- and M&T-backed student run organization looking to provide value creation for seed-stage ventures. Along with value creation tasks, non-equity grants will be provided for specific expenses. Current Penn students, professors, recent alumni, and Penn employees are invited to apply. The Fund is managed and operated by current M&T students from all class years. Faculty advisers, M&T Program administration, and M&T alumni act as support for the Fund.

The Fund is similar to an incubator or accelerator. Candidate ventures should be as interested in venture development as they are in the non-equity grants. Grants may total as much as ~$3000. The Fund will only give out grant money for expenses that are 1) specific, 2) near-term, and 3) related to the value creation tasks in which the Fund takes part. That is, the Fund is not interested in handing out non-equity grants for "black box" expenses, or for expenses a venture anticipates having in a year's time.

The Fund will work closely with the selected ventures for two months and prepare them for later equity funding. The Fund provides insights into evaluating new markets, growing customer bases, developing and commercializing technologies, and connecting teams with mentors, legal advisors, and additional funding.

http://mandtinnovationfund.com/

Deadline to apply is 10/14 at 11:59 PM.

Company Name *
Your answer
Your Email Address *
Your answer
Company Description *
Briefly describe your business.
Your answer
Your Name *
Your answer
Your Phone Number *
Your answer
Your answer
Current Status *
Your Web Presence
Website, LinkedIn, Github, etc.
Your answer
Cofounders
Names, Emails, Roles, Web Presence, Class Status
Your answer
Founder Story
How did you meet your cofounders and what are your roles? (Skip if no cofounders)
Your answer
Business Model *
How will you make money?
Your answer
Competitors *
Who are your competitors (including other startups and established companies)?
Your answer
Current Progress *
Please describe your traction to date such as number of users and any other progress.
Your answer
Use of Value Creation *
Describe how you will take advantage of our value creation team. It might help to classify your project as a) market research, b) sales and outreach, or c) technical assistance (consulting and development). Note: This is the most important part of the application.
Your answer
Funding and Consulting *
Where else is your venture receiving funding? Is your venture taking advantage of other consulting services on our outside of campus?
Your answer
Use of Funding *
How would you use the funding (~$3000)? Recall that the expenses must be 1) specific, 2) near-term, and 3) related to the value creation tasks in which the Fund takes part.
Your answer
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