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Venture Well & Village Capital Event Take Aways

by Kate Pellegrino

The 24th of Octo­ber Joseph Steig came to North­east­ern Uni­ver­sity to talk about this new pro­gram cre­ated by the National Col­le­giate Inven­tors and Inno­va­tors Alliance with the help of Ven­ture Well and Vil­lage Cap­i­tal. This pro­gram helps iden­tify IT and clean tech inno­va­tions in top uni­ver­si­ties. It is an inten­sive two-weekend pro­gram where stu­dents receive men­tor­ing, feed­back and an under­stand­ing of how investors really look in start-ups. The two top com­pa­nies receive a fund­ing of $50,000.

Although this pro­gram is designed for com­mer­cial busi­ness mod­els most of the enter­prises they have sup­ported have a pos­i­tive social change. Dur­ing the lec­ture, Joseph Steig, talked about Eco­v­a­tive Nat­ural Pack­ing, a com­pany that man­u­fac­tures mate­ri­als from fun­gal cells cre­at­ing eco-friendly dis­pos­als. Another busi­ness in their port­fo­lio is Green­light Planet, a busi­ness that cre­ates low-power LED lanterns afford­able enough for under­priv­i­leged villagers.

This new pro­gram is a unique way for stu­dents to learn how to improve their start-ups ideas and to achieve a com­plete busi­ness model! 

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