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i.Lab Incubator

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Is the i.Lab Incubator For YOU?

Here’s What YOU Get!

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  • 5,000 cash grant/non-equity stake
  • Office space: printing, supplies, accommodations
  • Legal services: incorporation, legal agreements, IP
  • Accounting: access to accounting expertise
  • Mentorship: support from experts in the field
  • Networking: Local entrepreneurs, angel investors, VCs

Here’s What YOU Have to Commit!

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  • 12 months to launch company
  • Full-time 10-week summer commitment to preceding accelerator program at the i.Lab in Charlottesville
  • Active participation & commitment to entrepreneurship
  • A hearty appetite for pizza and long hours

Here’s How YOU Apply!

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  • Application due January 14, 2015
  • Acceptance notification February 6, 2015
  • Your commitment due February 27, 2015

 

Incubator Purpose

The i.Lab Incubator supports the development and growth of promising seed and early-stage business ventures by providing them with funding, faculty and student support, office space, access to technological expertise, and free legal services.

The i.Lab Incubator has three objectives:

  • Educating participants about the process of new-venture development in order to improve their potential for future entrepreneurial success;
  • Fostering the formation and development of stat-up businesses to break even cash flow or significant third-party investment support; and
  • Creating an entrepreneurial community to give participants the experience of learning through mutual support, a process critical for successful entrepreneurship.

While the primary efforts are dedicated to support of University of Virginia students and faculty, the i.Lab Incubator is open to members of the larger Charlottesville community who have similar entrepreneurial business focus.

Incubator Application

The iLab Incubator is now open to the larger Charlottesville and University Community. Given the nature of deadlines and the short turn around time, please be aware that the earlier you submit your application, the more attention it will receive. If you have any specific questions about the process, contact Shivon Scott, scotts@darden.virginia.edu. All application materials should be emailed to: ilabatuva@gmail.com.

Application Deadlines

Applications Due: January 14, 2015 at 11:59 p.m.

  • All instructions for completing your application to the i.Lab Incubator can be found here: http://tinyurl.com/lld63z6;
  • Make sure to fill out the 2014 i.Lab Incubator Applicant Form: http://tinyurl.com/nk5v52u
  • Additionally, you may use a sample document as a reference source to complete your Gantt chart and workplan needed for your application

Announcement of 2014 Class: February 6, 2015

Incubator Commitment Due: February 27, 2015

 

 

i.Lab Incubator Entrepreneurs in Residence

Doug Lebda

Doug Lebda.png Frustrated by getting his first mortgage, Doug Lebda saw a need to empower consumers in what is, for most, the largest financial transaction in their lives – financing a home. He envisioned a pro- cess where lenders would compete for the borrower’s business in a fair and open marketplace. And through this process, lend- ers would be able to target exactly the right consumers to grow. With that vision, LendingTree.com was founded in 1996 and has revolutionized how consumers shop for loans and how lenders reach new customers, recently helping the 30 millionth borrower through their mortgage process.

After the company was founded in1996, it was launched nationally in July1998.Doug led LendingTree through a successful IPO in 2000, through the dot-com meltdown of 2001 and a successful sale to IAC/ Inter Active Corp in 2003.From 2005 to2008,Doug served as IAC’sPresident and Chief Operating Officer, leading the company through a transistion from a holding company to a unified operating company. In 2008, Doug rejoined LendingTree.com as it spun out from IAC as a separate public company.Today,LendingTree.com connects consumers and businesses more broadly than just mortgages including cars, autofinance, education, and homes ervices.

In 2010, Doug launched the LendingTree Foundation which empowers individuals intheir personal financial lives through education,action and support by matching clients with personal financial coaches. He’s also a formerTrustee for the Darden School Foundation and a former Board member of the Bucknell AlumniBoard.

Education:University of Virginia Darden School of Business,MBA; BucknellUniversity,BA,BusinessAdministration

Dana Goldsmith

Dana is a 13-year veteran of the Internet software industry with a focus on the ecommerce space. Eleven of those years spent in Silicon Valley companies and two in Seattle with Amazon Extensive operational experiences inside multi-billion dollar companies as well as start-ups.

Dana Goldsmith.pngExperience ranges from raising $1million in angel funding for a start-up founded by Dr. B J Fogg, Stanford professor and founder of the Persuasive Technology Lab at Stanford, to joining a start-up inside Amazon responsible for forming ecommerce platform and distribution partnerships with major online retailers.

Additionally,Dana has been deeply involved in a variety of start-up companies helping build out sales, marketing, and business development strategy, processes, and organizations. Areas of expertise include enterprise-level sales and sales management, partnership management and development,contract negotiation, and overall corporate strategy. Prior to joining the Internet software industry, she spent 9 years running the Chicago and Los Angeles sales offices for a $2 Billion commercial printing company. Each of those offices accounted for well over$ 100 million in annual sales revenue.

Education: University of Minnesota,BA, Journalism/Advertising

Evan Edwards

Mr. Evan T. Edwards is a patient, co-founder,and

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VicePresident of Product Development at Intelliject, Inc., a pharmaceutical company in Richmond, VA, USA developing novel medicines for the treatment of a variety of chronic and acute-care diseases. He is co-inventor of Intelliject’s technology platforms, including Intelliject’s compact auto-injector that includes voice prompts and visual cues to guide the user through the injection process. Intelliject’s first product, Auvi-Q, a novel epinephrine auto-injector wasr ecently launched by Sanofi, their commercial partner for the product in the US and Canada. Evan manages all areas of the invention and design process, including the company’s intellectual property portfolio, and is named on over 100 patents issued or pending domesticallyand abroad.

Mr. Edwards has been recognized among his peers for his expertise and work in human factors engineering (HFE) and, in particular, the application of human factors to the design control process(CFR820.30). He is on the faculty for the Association of the Advancement of Medical Instrumentation (AAMI) HFWorkshopand has taught HF at FDA’s Staff College.Mr.Edwards is a graduate of the University of Virginia where he earned a BS. in Mechanical Engineering anda M.S.in Systems Engineering with a concentration on HFE. In 2012 he was named among MDDI’s“40 Medtech Innovator Under 40

Eduction: University of Virginia, MS, Systems Engineering & HumanFactors; University of Virginia, BS, Mechanical Engineering

John Stacey

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A graduate of Harvard Business School and the Universityof Virginia,John is Managing Director of a technology,healthcare and education consulting practice in Silicon Valley,CMO for Partners- Health and a founder of Parrot Learning in China.

As Genera lManager of IBM’s Consumer Software Group,he guided World Book to the #1 position over Microsoft Encarta. John wasVP of Marketing andS ales for The Learning Company during its rise from #3 to #1 in the educational software category,CMO for eHealth during the transition from start-up to leading online health insurance service and VP of Marketing for Conner Peripherals during its growth from $250 million to $1.3billion in 2years. Hebegan hiscareer withProcter&Gambleinbrandmanagement.

John’s marketing, sales, product and business development skills have helped consumer,technology,health- care and education companies build their brands, profitably accelerate revenues and achieve the leading marketposition.

Start-ups in addition to eHealth (IPO 2006) include Metaphor Computer Systems (acquired by IBM), Desti- nationRx, RentOneOnline (acquired by AIG), Groxis and GlobalEnglish (acquired by Pearson).

Education: HarvardBusinessSchool, MBA; UniversityofVirginia,BA,Economics,French

Rick Kulow

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Rick is an award winning entrepreneur with experience in:business start-ups in an incubator environment in the U.S.andCanada;small/medium business strategic planning and growth; sales planning and management;commercialization of research; building organizations,including establishing and meeting goals and creating empowering cultures;all aspects of the value chain, from obtaining raw materials through retail; trouble-shooting;turn- arounds. Rick has conducted business in more than twenty-five countries.

Education: Harvard Business School, MBA; Duke University,BA,Political Science; Doctoral Candidate at Boston University’s School of Managment until business travel made continuing no longer feasable.

Professional Highlights: -Ersnt and Young Award for Entrepreneur of theYear for Agriculture and Food -Canadian Prarie Region -Canadian National Ersnt and Young Entrepreneur of theYear Citation for Innovative Product Development -Provincial Award for Outstanding New Venture -Provincial Award for Business of theYear -Harvard Business School case on Bioriginal written and used in classes at HBS -Judge for UVa Entrepreneurial competitions, including first UVA-wide competition -Mentor to more than a score of entrepreneurs from a middle school student with $30K+ in revenue through 60+ year old seasoned executives

Robert Tobey

He derives satisfaction by helping clients

Robert Tobey.pngrecognize business opportunities and challenges working with them to navigate through the complexities of today’s challenging economic and tax planning/compliance environments to reach their business and economic objectives. Clients who have benefited from his drive and expertise include hedge, venture and private equity funds, investors and managers of these funds, ultra high and high net worth individuals, and operating companies. His clients include investment and real estate funds--the assets of which range from $1 million to $44 billion, individuals, whose net worths range from $10 million to over $1 billion, and operating companies ranging from start-up enterprises to those generating annual revenue totaling $200 million.

He is worrking with management of a $44 billion investment management company to structure its operations to take advantage of tax minimization schemes and improve management company economics.He has resolved the U.S. income tax issues regarding an investment by U.S. and U.K. investors in a Canadian gas exploration working interest venture which will result in this being treated as a U.S. partnership.He has structured venture and private equity debt and equity operating company investments to meet both investor and company economic and tax objectives and maximizing federal and state tax incentives.

Specialties: Federal, multi-state and national taxation of pass through entities and the owners of these, tax-exempt entities

Education: Western Michigan University - Haworth College of Business, BBA cum laude, Accounting,

Alex Cowan

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Alex is the CTO of Leonid Systems, an enterprise software startup with offices in the Bay Area, Washington, Toronto and various points abroad. Leonid works with communications and SaaS providers on innovative solutions to leverage and growth their franchise. Leonid's products are now deployed to many of the world's largest cloud communications operators which together had over $350 billion in revenue last year. He's also the Author of 'Starting a Tech Business' (Wiley, 2012), a primer for non-engineers who want to up their game with the latest techniques and foundations concepts in product development.

The following links to a Slide Share introduction:

http://image.slidesharecdn.com/startup-sprints-intro-130625203929-phpapp02/95/slide-1-1024.jpg?1372303428

The Startup Sprints program provides a structure for founders to use as as they work through their product/market fit.

It provides a sequence of five sprints (iterations) each with their own deliverables, tutorials, and templates for you to use. The program is available here: "http://www.alexandercowan.com/getting-started/"

The presentation below describes the program. Alternatively, if you'd prefer to just use the resources, this page has an overview:"http://www.alexandercowan.com/resources/"