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Venture Challenge

North Carolina Central University’s School of Business
presents: The Eagle SOARS
(Socially Applicable And Responsible Solutions) 
New Venture Challenge "Where your talent surfaces and idea SOARS"

Objective: To support through a dynamic idea development process, the establishment of sustainable and profitable new ventures that address the most pressing needs of a community and offer solutions that are socially applicable and responsible through its product, service, or operations.

Design: The challenge is designed to provide a win-win situation all the way from start to finish for two special types of individuals namely, the “Creatives” with the product/service ideas who want to be entrepreneurs, and the “Analysts”, with the knowledge and expertise, who drive new venture creation and growth. We will select 3 best ideas and 3 teams (3-4 members each) of analysts.

Selection:
The Creatives - If you have a burning passion to start a company that will make a positive difference in people’s lives, which meets the following criteria:                                
i. The idea is a well-developed concept and you already have a clear product development plan
ii. You intend to start this company in the next 6-8 months
iii. You are willing to commit the next 6 months, if selected, to developing the product and company
                                                         
The Analysts - You have the desire, drive and determination to support the creation and growth of great ideas and meet the following criteria:
                                                             
i. Must have knowledge and experience (through courses and/or work) in one of the following areas:
1. Market/Industry Analysis and Marketing Plan Creation
2. Computer Information Systems (web-development, search engine marketing, app development)
3. Accounting and Financial Analysis
                                                           
THE EAGLE SOARS - NEW VENTURE CHALLENGE

Structure: The Challenge has 4 distinct phases as outlined in the illustration below:
Benefits: With the objective of providing continuous experiential learning opportunities to students, the Challenge offers the following incomparable benefits to participants:

The Creatives:

  • Opportunity to fully develop your business idea and start your company in the next 6-8 months
  • Scholarship of $300 per participant to attend an exclusive Entrepreneurial Training workshop taught by expert serial entrepreneurs
  • Complete Access to North Carolina’s Entrepreneur Network through carefully matched mentors
  • 3 week mentor-apprentice program to help develop your product and company
  • Free start-up kit
  • Certificate of Recognition awarded by NC State Department
  • Certificate of Recognition awarded by NCCU’s Chancellor

And the FINAL AWARD...
Free Office Space for 3 months by Groundwork Labs and HUB Raleigh (if you qualify). Also get matched with mentors from the Durham community to guide you through the launch process.

The Analysts:

  • Opportunity to learn exclusive tools in industry, market, organizational, operational and financial analysis
  • Scholarship of $300 per participant to attend an exclusive Entrepreneurial Training workshop taught by expert serial entrepreneurs
  • Complete Access to North Carolina’s Entrepreneur and Analyst Network through carefully matched mentors
  • Opportunity to work with mentor-apprentice teams to apply newly acquired analytics tools
  • Certificate of Recognition awarded by NC State Department
  • Certificate of Recognition awarded by NCCU’s Chancellor

Undergraduate Students: A triple reward package that includes $1,000, 3 credits towards the internship course and 120 community service hours,

Congratulations To Our Selected Teams
(given Friday, April 26th, 2013):

Team #1: Michael Ballard & TJ Bah (Creative) - Derrell Parker (Analyst)
Team #2: Dawda Janneh (Creative) - Geraud Staton & Noredia Akwara (Analyst)

 
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North Carolina Central University
1801 Fayetteville St., Durham, NC 27707