The application deadline for Spring Semester 2010 is Friday, December 4 at 12:00pm (noon) Eastern Time.
Welcome to the online VIP application! Please read instructions carefully. All uploaded materials should be combined into *ONE* pdf or Word document. No more than two members are permitted per venture and both members must agree to participate in all VIP activities (advising and events).
You will be asked to fill in some information and to submit additional information
as uploaded files. You will not be able to stop and save your information and
come back; you must complete the application in one "sitting".
Be sure to have the following ready before you start:
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Name, phone number, email, Penn school/division and graduation year, and a
resume for every member of your team.
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Venture Accomplishments and Objectives - maximum length is one single-spaced
page. See the content guidelines for more information.
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Business overview - maximum length is three single-spaced pages. See the
content guidelines for more information.
All submitted files must be conbined into a single Microsoft Word or Adobe Acrobat PDF format, and cannot exceed 5 MB in size.
[ Printable version ]
Venture Accomplishments and Objectives Requirements
Maximum Length: 1 page, single spaced
Format: Font: Times New Roman, 11 point
On upper right corner of each page of essay and business overview: Primary Applicant Name/Venture Name
Content
- List up to five of your most significant accomplishments with this venture concept to date.
- List the five most significant objectives you have for the next three months for this venture and how you think the Venture Initiation Program will assist you in achieving them.
- State whether the venture has generated revenues to date and, if so, the total revenues.
Business Overview Requirements
Maximum Length: 3 pages, single spaced
Format: Same as above for "Venture Accomplishments and Objectives"
Content
- 1. Proposed Product/Service
- 1.1. Description of value proposition and features
- 2. Target Market
- 2.1. What market needs does the product/service address?
- 2.2. Who is the target customer?
- 2.3. Estimated size and value of market (current and projected)
- 3. Competitive Landscape
- 3.1. Overview of competitive landscape
- 3.2. Describe the intellectual property associated with the business
- 3.3. What are your competitive strengths?
- 3.4. Describe your competitors' strengths and weaknesses
- 3.5. What are the barriers to entry?
- 4. Plan for Execution
- 4.1. Current status of project (i.e. design, prototype, etc)
- 4.2. Amount and uses of seed funding required
- 4.3. Milestones for the next 6-12 months
- 4.4. Background information on founding team
- 5. Risk Analysis
- 5.1. Describe any risks/challenges inherent in the proposed plan
- 5.2. How do you intend to mitigate these risks and meet these challenges?
- 6. Revenue Model
- 6.1. How your company plans to generate revenue