Pre-admission Consulting
You have an idea, as well as hundreds of questions. Is my business concept feasible and attractive? Do I have a solid business plan? Do I have a defined and secured IP? Is there some money to get things going? We offer the following consulting services:
- Business concept assessment
- Business plan assessment and development
- Startup courses referral, including ICORPS program, Pre-Seed Workshop™and GrowthWheel™
- ICORPS program mentorship
- Business formation assistance
- Free incorporation legal service by Entrepreneurship Law Clinic at Cornell Law school
- Collaboration with CTL to facilitate IP license
- Assistance with management team recruitment
- Grant and fundraising assistance
- SBIR/STTR application assistance
- Connection to various funding resources, see Resources in Cornell and Resources in NY
Application and Admission
Once you feel ready to apply and become a “client”, please follow the steps in How to Apply to complete the application package. Different from most incubation programs, we require an intellectual property license in place as part of the application package, and the incubation plan is part of the mutual agreement prior to admission.
We will then conduct an Advisory Council vote to make a decision. Admission to the Center for Life Science Ventures is highly selective.
Incubation
We offer a wide range of services and resources to support your startup, including
- Product and technology development assistance
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- 10,000 Sq. ft. residential incubator in Weill Hall on Cornell campus
- Over $1M in shared wet-lab, dry-lab and office equipment in house
- Faculty indirect rates and priority on many university, college-based and center-based resources
- Referral to external vendors, university grant resources
- Business plan development and validation
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- Undergrad, MBA, MHA student interns and volunteers
- Faculty-level reference library support, and secondary market research report access
- Primary market research through Cornell alumni network
- Management team recruitment, development and mentoring
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- Weekly incubation plan progress meetings with center staff
- Biweekly mentorship meetings with assigned Executives-In-Residence
- Ad hoc meetings with assigned volunteer mentors and consultants as needed
- Referral/Recruitment to investable management team members
- Fundraising Assistance
- SBIR/STTR application assistance and ICORPS program mentorship
- Access to Resources in Cornell and Resources in NY, such as Cornell Technology Acceleration and Maturation Fund (CTAM)
- Introductions to potential industry investment partners
- Exploration of various funding options, payment-in-kind investment, equity partnerships, convertible notes
- Center client amenities
- Cornell NetID
- Cornell library access with dedicated reference librarians from Weill Cornell Medicine, the College of Engineering, and SC Johnson College of Business
- Cornell gym/wellness program access
- Free weekday TCAT bus
Graduation
When our Clients reach one of the following goals, we will “graduate” you!
- Self-sufficient operations
- Significant external funding secured
- Being acquired by another company