Colgate Entrepreneurs of New York Fund

Teams

• GateSwap
• Good Nature Brewing, Inc.
• ProtoExchange
• Real Abroad
• Recipe Into Reality
• Shindig Labs

Founded

Dec 2012

Description

The Entrepreneurs of New York (ENY) Fund was established at Colgate in 2013 to grow the ventures of Colgate student/alumni entrepreneurs who are solving big problems and have demonstrated an ability to execute.

The fund is open to for-profit and not-for-profit ventures with at least one Colgate member on the founding team, to bring their venture to commercial viability while living in Hamilton, New York.

Two awards are available. The application for the short-term award and incubator, of up to $15,000, is currently open. An additional long-term award of up to $45,000 will be available to potential applicants after the incubator. Teams who receive short-term awards will receive preference for long-term awards after participating in the incubator (5/20 - 6/28), however it is not a requirement.

Projects will be judged by Alumni & Parent Entrepreneurs on a number of different criteria, including; demonstrated ability to execute, team dynamics, commercial and/or social impact, impact of problem being solved and solution proposed, viability of bringing the project to fruition, stage of development, etc. We are seeking more than just an idea; prototypes and customers are a plus, as is additional interest and support from outside investors. The number of awardees will be decided based on the quality of the venture and team, not based on a quota.

Those receiving awards from the ENY Fund will live in the village of Hamilton, maintain intellectual property rights, be provided with office space, and participate in a “Road Show” in the fall to New York and Boston to attract additional investor interest. ENY teams will also have access to the Colgate alumni network and to the Syracuse startup eco-system through CenterStateCEO.

We look forward to reviewing your applications. Awardees will be announced on April 6th @ Colgate eWeekend.

(We are here today because of an intrepid Colgate Parent who created and initially funded ENY. Thank you Dan Rosensweig P'15 & P'17.) more