Under EVE, businesses that are accepted into the program will receive a series of specific services that will help accelerate their growth.
Board of Advisors
A board of advisers will be established from community resources or alumni/ae as may be appropriate. If a company already has a board of advisers or directors, EVE will assign an additional person to the board to act as a liaison to mobilize resources within the Institute.
Quarterly Goals and Objectives
With the belief that new businesses need a concrete plan to succeed, each company will develop with its advisory board three or four key objectives, with milestones they need to accomplish each quarter. These goals will be tracked and measured each quarter with new goals developed for succeeding quarters. Companies must continue to show steady progress in order to remain in the program.
Access to Entrepreneurs in Residence (EIR)
The Institute representative will identify resources within the Institute that can be utilized to assist the company as needed. As a member of EVE, a company will have access to the Entrepreneur(s) in Residence at the Lally School as well as other resources including labs, patenting and licensing services, faculty, and students for work study assignments, internships (REIP), and student projects.
Alumni/ae and community volunteers (e.g., attorneys, accountants) will be available on a rotating schedule to answer questions, provide advice, and offer one-time assistance for basic questions. If an EVE company requires regular ongoing assistance, it will be encouraged to select a professional service company from a list provided through the EVE program. Such services may be offered at a discount to seed and early stage companies.
Monthly CEO Roundtable Discussions
EVE will host monthly (may be more frequent) peer review meetings where the CEOs of the incubated companies get together to talk about topics and issues of importance to them. Participants will sign a non-disclosure agreement allowing a platform for confidential open discussions. The mix of pre-seed, early stage, and emerging companies provides a framework for peer-to-peer coaching.
EVE will promote and introduce its companies to investors, assist them in identifying and seeking grant opportunities (NYSERDA, SBIR, etc), and help them prepare for business plan competitions. The companies will be given assistance in preparing applications, presentations, and pitches. Additionally, members will be provided access to professional grant writers to assist them as needed.
The companies will be invited to networking opportunities within the local business and academic community to expand professional networks and increase exposure to decision makers.
The companies and their employees will be part of the Rensselaer community. In that regard, the companies will be invited to participate in campus events and workshops as they occur.
The companies will be invited to a monthly meeting featuring a speaker or a lecturer based upon a topic selected by the EVE company CEOs.
EVE will host a quarterly meet-up for all employees of the incubated companies. This meeting will allow the employees to build relationships and exchange ideas.
Periodic presentations of all EVE participating companies will be used to showcase the companies to the Rensselaer community, venture organizations, news media, and the community at large.
Venture Bplan Series
This regularly-scheduled forum at Rensselaer’s Heffner Alumni House is designed for entrepreneurs to get visibility to the region’s angel and institutional investors, business service providers, advisors, students, faculty, alumni and the early stage business community.