Penn Center for Innovation

Pennovation Startup Accelerator — Summer 2018

Meet the Summer 2018 Pennovation Accelerator Cohort, featured below with the programming team.

Alba Labs

A beauty company developing environmentally conscious products with a focus on individual needs of different skin complexions across ethnicities and ages

atRISK

a platform for the average homeowner to assess the risk level and financial burden of their home prior to a predicted disaster

Fitalyst

a contagious wellness platform that provides a fun, clever tool to help students manage all aspects of their health on campus. helping trusted college health & wellness services effectively deliver the content they already provide to students.

Sigo Seguros

a tech-enabled auto insurance brokerage serving the non-standard market. Sigo makes it easy for high-risk, or non-standard, customers to get auto insurance without paying extra fees beyond their policy premiums

Simply Good Jars

delivering meals directly to customers through use of smart AI vending technology. meals are guaranteed under 600 calories, crave-ably delicious and good for the planet and your soul

Victoria Wright, LLC.

online and mobile shopping for made-to-measure, fashion-forward garments for the working woman. Customizable designs and measurements that help customers express their individual style while looking professional and stylish.

Are YOU a Pennovator?

Apply to an exciting new program at the Pennovation Center!  The Pennovation Accelerator is designed to help early stage ventures experience rapid growth and success. With comprehensive sessions in market research, business planning, team formation, capital strategies and more, you have all the tools you need to succeed in a collaborative environment.

ACCELERATOR SCHEDULE:

  • Market positioning (June 18 – 22)
  • Business formation (June 25 – 29)
  • —-BREAK WEEK——
  • Team Formation (July 9 – 13)
  • Going to Market Strategy (July 16 – 20)
  • Capitalizing your venture (July 23-27)
  • FINAL DAY- Lessons Learned, Demos, etc. — July 27 (longer day)

 

TIME COMMITMENT:

The weeks consist of 3 sessions. Each week has an assignment that must be completed by Friday, including a presentation.

  • Monday:  speaker and orientation for assignment, 9 am- 12 noon
  • Wednesday: meeting with mentor, 9 am – 12 noon (flexible meeting times)
  • Friday: assignment wrap-up and pitches, 9 am – 12 noon

Expect 6-8 hours work minimum per week besides sessions

 

COST AND SCHOLARSHIPS:

  • Fee of $800 per team due upon enrollment (Teams retain all equity in their company)
  • Each of the 6 weeks, you can earn a $100 credit associated with participation (upon completion of assignments for the week)
  • In the case of full participation and completion of all assignments, cost will therefore be reduced to $200 for a participating team
  • Credit will be awarded at the completion of the program
  • Penn Recent Graduates (undergraduate and graduate student graduation between Spring 2016 and Spring 2018) and current undergraduate, graduate, and post-doc students are eligible for a full scholarship
  • To receive the scholarship, please indicate your graduation date on the application

 

ACCELERATOR BENEFITS:

  • Five weeks of training and mentorship from subject matter experts
  • Free co-working space at the Pennovation Center for the duration of the Accelerator (June 18-July 27) + 1 additional month free (Until August 31st)
  • Teams retain all equity in their company
  • Access to subject matter experts as facilitators and mentors
  • Final Pitch Day on July 27 with invited experts to offer feedback
  • Opportunity for one team to win Pennovation Center membership for three months following the program

Email any questions to: pennovation@1776.vc