The Colgate Entrepreneurs 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 Colgate Entrepreneurs 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.
A grant of $12,000 is given to each of the winning teams to help bring their ventures to commercial viability while incubating in Hamilton, New York. The awards are decided based on the quality of the venture and team. The fund is open to for-profit and non-profit ventures with at least one Colgate member on the founding team.
Ventures are judged by a panel of alumni and parent entrepreneurs on a number of different criteria, including; ability to execute, team, commercial/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 ideas; prototypes and customers are a plus, as is additional interest and support from outside investors.
At least one member of the FOUNDING team must be a Colgate student or alumnus (within the last 10 years), and MUST reside in the village of Hamilton for the duration of the incubator. It is highly encouraged that the entire team be in Hamilton...we are not looking for teams that are moonlighting on their venture, we want FULL-TIME commitment.
Awardees will have access to numerous mentors and experts in the Colgate community and the regional startup ecosystems in Central New York, and will be introduced to potential investors. Teams maintain all rights to their intellectual property rights and are provided with office space.
We look forward to reviewing your applications. Awardees will be announced in April at Colgate's Entrepreneur Weekend.