IEC Entrepreneur Launch Application

IEC Entrepreneur Launch Application

Participating in IEC's Entrepreneur Launch program requires attendance of weekly coordination meetings during the business development stage. These meetings with a student team and mentors are designed to promote your success. Submission of this application is a commitment to attend these meetings.
All applications will be reviewed by the Idaho Entrepreneur Center (IEC) staff and, if required, applicants will be given an opportunity to discuss their business further. Acceptance and participation are afforded at the sole and absolute discretion of the Idaho Entrepreneur Center.

ELIGIBILITY
· Be 18 years or older
· All Owners must consent
· The Applicant should represent a small startup business.
· The Applicant can articulate the business model and entrepreneurial opportunity.

TIME COMMITMENT

Participating in IEC's Entrepreneur Launch program requires attendance of weekly coordination meetings during the business development stage. These meetings with an IEC team and mentors are designed to promote your success. Submission of this application is a commitment to attend these meetings.
Personal Information
Full Name*
Email*
Phone Number*
Format: (000) 000-0000.
Ownership Percent*
Where are you located currently?*
How did you hear about IEC's Entrepreneur Launch?*

Business Description

Help us understand your business better.
Please provide a brief description of your business or idea*
(What you enter here will become public if accepted into the Start-up Incubator)
Key Customer Segments*
(Who are the people or companies who will pay for the product or service?)
Opportunity*
(Define the customers’ pain, problem or unmet need.)
Competition*
(How do your customers solve this problem today?)
Solution*
(How will you solve the problem for the customer?)
Unique Value Proposition*
(How will your solution be better than the competition?)
Intellectual Property*
Is there any intellectual property (trade secrets, copyrights, patents) potentially associated with your idea?
What are the existing market dynamics? How big is the unmet need? *
(Estimate the number of potential customers and/or market size and growth.)
Distribution Channels*
(How will you sell your product or service?)
Revenue Streams*
(How will you make money?)

Financial Information
2022 Revenue*
2023 Revenue*
Projected 2024 Revenue*
How much Investment are you seeking?*
How much equity will you be offering?*
Describe the investor ROI/payment schedule:*
How will the investor make their money?
Financing Strategy*
Where are you looking for capital? (family, friends, loan, investors, etc.)

Entrepreneur Readiness
Personal Business Skills*
What skills do you currently have to operate your business?
Personal Development Goals*
What skills do you need to acquire to operate your business?
Weekly meetings with IECAttending training sessions
Personal Statement
Maximum 250 words covering the following:
1. Why you want to join the IEC Entrepuener Launch.
2. Why you think your business will be successful.
3. Any other information you think will be beneficial or noteworthy to know about you and your company.
Personal Statement*

0/250
Please verify that you are human*
Should be Empty:

Personal Information