Companies participating in EVE receive a structured program of business development that empowers the entrepreneur to quickly and easily access ecosystem resources and assistance. EVE helps clients continue to work ON their businesses, while also working IN them to help accelerate their growth and success.
New Venture Development
Structured Interactive Business Development
EVE utilizes a systematic, guided interactive methodology to business development specifically designed to help entrepreneurs manage the normal chaos and uncertainty of the start-up and growth process. While traditional business plans are great ways to clarify and organize your idea into a business venture and to share your vision with others, they do not generally facilitate the day-to-day management of your business. EVE clients are given a Roadmap, or ‘Framework’ which organizes and tracks 7 key stages of venture development and growth.
This tool can be customized and is responsive to each entrepreneur’s unique path to growth. The hardcopy of this “Roadmap” is in the form of a binder clients can use to store and track critical documentation and to record and monitor critical milestones using a series of business development checklists. This hardcopy guide correlates with a secure interactive online companion application that enables clients to share their progress and to get help from their community of advisors and supporters.
Quarterly Goals and Objectives
With the belief that new businesses need a concrete plan to succeed, each company will develop with its advisory board three or four key objectives, with milestones they need to accomplish each quarter. These goals will be tracked and measured each quarter with new goals developed for succeeding quarters. Companies must continue to show steady progress in order to remain in the program.
Board of Advisers
A Board of Advisors will be established from community resources or alumni/ae as may be appropriate. If a company already has a board of advisers or directors, EVE will assign an additional person to the board to act as a liaison to mobilize resources within the Institute.
EquityNet Angel Investor Platform
EVE Clients receive EquityNet entrepreneur accounts that will give them access to a national network of angel investors and venture capitalists. The cloud-based software application enables clients to develop standardized, investor-friendly business plans that are posted on the network where they can be selectively shared with investors, supporters and other stockholders. The business plan software function also provides analytics that will compare client businesses to other similar enterprises that will help benchmark planned performance and assumptions.
General Fundraising Assistance
EVE will promote and introduce its companies to investors, assist them in identifying and seeking grant opportunities (NYSERDA, SBIR, etc), and help them prepare for business plan competitions. The companies will be given assistance in preparing applications, presentations, and pitches. Additionally, members will be provided access to professional grant writers to assist them as needed.
Venture Bplan Series
This regularly-scheduled forum at Rensselaer’s Heffner Alumni House is designed for entrepreneurs to get visibility to the region’s angel and institutional investors, business service providers, advisors, students, faculty, alumni and the early stage business community. The Center for Economic Growth (CEG) co-sponsors this event with EVE.
Alumni/ae and community volunteers (e.g., attorneys, accountants) will be available on a rotating schedule to answer questions, provide advice, and offer one-time assistance for basic questions. If an EVE company requires regular ongoing assistance, it will be encouraged to select a professional service company from a list provided through the EVE program. Such services may be offered at a discount to seed and early stage companies.
Access to Entrepreneurs in Residence (EIR)
The EVE Management Team will identify resources within the Institute that can be utilized to assist your company as needed. As a member of EVE, your company will have access to the Entrepreneur(s) in Residence at the Lally School as well as other resources including labs, patenting and licensing services, faculty, and students for work study assignments, internships (REIP), and student projects.
Monthly CEO Roundtable Discussions
EVE will host monthly (may be more frequent) peer review meetings where the CEOs of the incubated companies get together to talk about topics and issues of importance to them. Participants will sign a non-disclosure agreement allowing a platform for confidential open discussions. The mix of pre-seed, early stage, and emerging companies provides a framework for peer-to-peer coaching.
Making Connections & Getting Educated
EVE Client companies are invited to networking opportunities within the local business and academic community to expand professional networks and increase exposure to decision makers. Also, local companies and their employees will be part of the Rensselaer community. In that regard, the companies will also be invited to participate in campus events and workshops as they occur.
EVE will host a quarterly meet-up for all employees of the client companies. This meeting will allow the employees to build relationships and exchange ideas.
Periodic presentations of all EVE participating companies will be used to showcase the companies to the Rensselaer community, venture organizations, news media, and the community at large.
The companies will be invited to a monthly meeting featuring a speaker or a lecturer based upon a topic selected by the EVE company CEOs.
Client Real Estate Advocacy
EVE is a distributed incubation program focusing on the process of business development appropriate to the unique needs of each client. As such, there is no central physical incubator facility to house client companies run by the Institute. Nevertheless, EVE recognizes the critical need to find appropriate space with flexible lease terms and entrepreneur-friendly landlords. EVE is partnering with local landlords, developers, Rensselaer County IDA and other local municipalities to identify office and laboratory space throughout the Capital Region suitable to the diverse needs of EVE clients.
Campus Resource Advocacy
In a perfect world, every academic department, lab and center within the Institute would be 100% supportive of EVE clients and their businesses. The truth is, that like everything else in “the real world” clients encounter varying degrees of support in terms of cooperation and access. In cases where resource gatekeepers are unfamiliar with the program, or otherwise uncertain on how to work with a client company, RPiHUB team members will assist clients with getting access to the people, programs and places of interest. There are no guarantees, but the team will do its best to facilitate access according to EVE program and Rensselaer policy.