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!