University Incubator Overview

67 %
33 %
Information about University Incubator Overview
Finance

Published on March 18, 2014

Author: wbuster

Source: slideshare.net

Description

University Incubator is a non-profit organization designed to provide no-cost financing, grants and mentorship with the intent of enabling students to create their own job by the time they graduate through starting their own company.

University Incubator is a non-profit organization designed to provide no-cost financing to student entrepreneurs So you can: “Create Your Own Job by the Time You Graduate!” We also assist with: • Strategic planning • Network development • Raising a seed round or Series A

The University Incubator Team Jesse Krieger – Executive Director William Buster – Director of Finance Jesse Krieger - Executive Director • Born in San Francisco, Class of 2011 Cal Alum • Author of international best selling book Lifestyle Entrepreneur • Started over five companies and sold two of them. • Speaks German and Mandarin William Buster – Director of Finance • Born in San Diego, • Works for Residential Student Services at UC Berkeley. • Haas School of Business, Class of 2011 • Program Manager for Young Entrepreneurs at Haas (YEAH) for the last 4 years.

University Incubator Program Ideation • Identify an opportunity, research the market and determine competition • Establish niche and form brand identity Creation • Establish goals and a corresponding timeline • Assemble the team and players needed • Develop budget needs and secure funding Expansion • Refine product or service • Additional rounds of capital raising • Matriculate into larger Accelerator • Perform Angel Rounds of financing

University Incubator Approach We bring your business to life with platforms that utilize

University Incubator Approach Kernel Funds Operational Funds Venture Rounds Government Grants Private Grants

Ideation Phase • Refining the product or service • Develop your niche • Analyze the current competitors in the market • Develop your brand identity • Establish a baseline go to market strategy

Kernel Funding • 0% interest loans ranging from $3,000 to $5,000 • Crowd funded in as little as 7 days • Non-secured with terms ranging from 12-24 months • Distributed to your PayPal account • Enables groups to take ideas and begin acting upon them

Kiva Overview • Non-profit, based in San Francisco • Enables individual lenders to crowd-fund person-to- person loans to individual borrowers around the world • First loan in Uganda in 2005 • Raised over $350m of loans to borrowers in over 60 countries

Introducing Kiva Zip Kiva Zip is a small pilot project, launched by Kiva.org, to drive innovations in person-to-person lending. The principal difference of the Kiva Zip model, is that the loan goes directly from Kiva to the borrower, rather than via the partner. Kiva has three principal aims for the Kiva Zip pilot:  Expand borrowers’ access to capital  Lower the financial costs of borrowers  Enhance the personal connections between entrepreneurs and lenders The Kiva Zip project funded its first loans in December 2011.

Example Borrower: Victor Start-up business Created 5 part- time jobs Lenders can follow links to his Yelp profile Repaid 10 months on time Now applying for a second loan of $10,000

What’s in it for borrowers? Ability to access capital Easy, online application Flexible loan terms Building community Zero interest or fees “Kiva Zip is an invaluable resource for entrepreneurs”, Emiliana But don’t take our word for it. Hear what Kiva Zip borrowers have to say: “I didn’t think character based lending existed anymore. It’s an amazing use of technology to bring us back to the basics”, Cristian “Having 45 people invest in Pac Brew Labs is like hiring 45 brand ambassadors”, Bryan

What’s in it for trustees? Empower Enable your clients to engage with their crowd of lenders, and access interest-free capital they otherwise could not. Engage Engage with Kiva’s network of a million lenders. Showcase your impact and build awareness of your organization. Promote Benefit from the positive publicity and PR that collaboration with Kiva’s brand can bring. Fundraise Demonstrate tangible impact to potential funders in terms of loans endorsed, revenue generated, and jobs created.

Loan Overview  0% interest  Business loans  Small size – first loan can be up to $5k; subsequent loans up to $50k  Up to 24 months term  Grace periods available for some loans  Repayments made in regular weekly or monthly installments  Disbursals and repayments made electronically via Paypal

Process for Endorsement Once University Incubator (UI) has identified a borrower to endorse, there are four principal steps before the borrower can begin fundraising for an interest-free, crowd-funded loan on the Kiva Zip website: Trustee Endorsement Loan Application Trustee Review Kiva Zip Team Review 1 2 3 4 For every borrower UI endorse, a trustee writes a ‘trustee endorsement’. An endorsement is only a few questions long, and takes only 10 minutes. When UI has submitted the endorsement, the borrower completes a ‘loan application’ This is a longer application form, and can take a couple of hours to fill out. Again, it is all online to make life easier! Once the loan application is submitted, UI gets a chance to review the loan. The trustee can approve it if they are happy with it, or suggest changes if they prefer. Finally, the Kiva Zip team will review the loan, before posting it to the website to begin fundraising From there, most loans take about 3- 4 weeks to fully fund.

Creation Phase • Establishing the team • Developing a series of goals and corresponding timeline • Honing the product or service • Outlining the budget and financial needs • Leveraging supply and logistics providers

Operational Funds Utilize crowdfunding websites to cover a year of operations Round 1: $25,000 Round 2: $75,000 Round 3: $250,000+

Successful Campaigns Factors for Success:  Engaging Video  Tiered offerings  Transparent  Succinct

Expansion Phase

Funded Entrepreneurs - MoringaConnect

Funded Entrepreneurs – MoringaConnect Emily Cunningham Founder of Moringa Connect

Funded Entrepreneurs – Class Blueprint

Funded Entrepreneurs – Class Blueprint Adam Remba Co-Founder Class Blueprint

Current Portfolio

Thank You! To learn more please visit: www.UniversityIncubator.com

Add a comment

Related presentations

Les changements sur le marché du distressed aux Etats-Unis et en Europe

Main Sections of the Report 1) Nifty Technical View 2) 4 Large Cap Trade Ide...

This presentation consits the yearly results of Kinepolis Group

Related pages

Overview | Glasgow Office Accommodation | Strathclyde ...

Strathclyde University Incubator Ltd. is registered at 50 Richmond Street, Glasgow, G1 1XP. Company number is 108665 Vat No. 5563113 55
Read more

Legal - University Incubator

Legal InformATION. Services provided ... University Incubator (UI) ... Operational Overview. Conflict of Interest Policy. About Us. Create a free website ...
Read more

Business Incubator | MSU Entrepreneurship Center

Overview. Mississippi State University’s Business Incubator provides startups and other early stage companies with infrastructure, community, and ...
Read more

Spurring Innovation: Establishing a University Incubator

IV. UNIVERSITY BUSINESS EXECUTIVE ROUNDTABLE Spurring Innovation: Establishing a University Incubator Custom Research Brief November 12, 2010
Read more

Life Sciences Business Development Center at MCG

The Georgia Health Sciences University (MCG) has a genuine interest in, and a commitment to, economic development in Augusta and ...
Read more

Kiva Zip | University Incubator

Trustee: University Incubator Berkeley, CA. Overview; Borrower Due Diligence; Why are you interested in becoming a Trustee?
Read more

Maryland International Incubator

Maryland International Incubator . The Maryland International Incubator (MI2) is the result of a collaboration between the University of Maryland, College ...
Read more

www.ithaca.edu

Downtown Ithaca Incubator – Overview and FAQs. ... Cornell University. ... Why does Ithaca need an incubator? A. Home to Cornell University, ...
Read more

Incubator Berlin | hub:raum - The incubator & accelerator ...

University Cooperations; Programs. Overview; Incubator BER; INCUBATOR KRK; WARP KRK; Fit4Europe TLV; Locations. Berlin; ... Incubator Berlin. What we do.
Read more