How are EEVF    grants deployed?

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1. Each participating Community College Foundation establishes a restricted named fund, The Everyday Entrepreneur Venture Fund    , with an initial investment of $250,000.

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2. Students will submit a request for EE     funds through the local Funding Committee (formed by the Community College Foundation) that will include the following:

  • A sustainable 12-month financial plan

  • Forecast of capital needs until the company will become cash positive

  • A numerical market rationale for this product/service, the competitive advantages and the market size with expected penetration within their 12-month plan

  • An in-person interview to assess commitment and entrepreneurial mindset

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3. The Community College Foundation grants of $10,000 - $30,000 will be awarded to approved business owners to be used as start-up funding.  Expenditures will be closely monitored by the assigned EE     Mentoring Team.

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4. The Community College Foundation will be encouraged to solicit additional funds from local corporations and individual donors to replenish the grant pool.

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Everyday Entrepreneur Venture Fund   Pilot 2017-2018

Identify and engage 4 community colleges in a pilot program who meet the selection criteria:

  • Active in NACCE

  • Established Community College Foundation able to rally community support

  • Community College President committed to entrepreneurship and innovation with the willingness to participate in our proof of concept

  • Existing entrepreneurial curriculum/initiatives in place such as Idea Pitch, Start-Up weekends and courses for business planning 

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© 2018 by Everyday Entrepreneur Venture Fund

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