Terp Startup

Terp Startup

Terp Startup is the "just do it" phase of Fearless Founders. This summer incubator helps student entrepreneurs make the pivotal decision to continue working on their venture or decide to use their entrepreneurial skillset working at another company. At the end of the summer program, students should have:  made substantial progress on their product of service; secured or increased initial customers and partners; have the ability to make the "go/no-go" decision based on metrics and market indicators. Those selected for Terp Startup will receive a cash stipend, advising and other useful resources. Students must apply by February 27 

 

  • Student entrepreneurs who have completed milestones from both the Idea Shell and Hatch stages by developing an MVP and acquiring initial customers.
  • Students who want to spend a summer executing on customer acquisition.
  • Students who have not completed Idea Shell or Hatch may apply. These students must have conducted customer discovery on their own and be on track to have an initial customer by May 2015
  • All participants must commit to work at hte Dingman Center office space June 8 through July 31. 
  • 8 Weeks (June 8 to July 31)
  • Students will spend three days per week in the Dingman Center: 
    • Tuesday: entrepreneur updates and review of the week's goals and metrics
    • Wednesday: workshop followed by 1:1 advising with an Entrepreneurs in Residence and advisors
    • Thursday: off-site visits when appropriate and office hours
  • Each student will receive a $3,000 stipend and $2,000 for living expenses. 
  • Make data driven decisions about the next stage of their business. 
  • Determine the metrics that matter, test assumptions, build market awareness and acquire/retain initial customers. 
  • Leverage Dingman Center network and resources for accounting, tax, funding, IP and legal advice. 
  • Create and execute on customized work plans based on individual goals/stage. 
 
  • Feb. 16: Application Opens
  • Feb. 27: Application Deadline
  • March 5-9: Interviews at the Dingman Center
  • March 13: Offers Extended
  • March 23: Deadline to Accept Offer