Student Social Venture Fund
Are you a UMB student with a social venture? UMB is supporting students with big ideas. Apply now for the Student Social Venture Fund. Applications close on Friday, July 1 at 11:59 p.m.
Details regarding funding options and eligability can be found below. Email Dr. Jim Kucher at jkucher@umaryland.edu with questions.
Eligibility
- The Student Venture Incubator is open to current UMB students
- The project must be fleshed out and have begun the journey of implementation. Applicants can have an established business, but it is not required.
You can only apply to one award phase at a time.
1. VALIDATION PHASE AWARDS (Up to $2,500)
a. Validation Phase Awards are designed to support student entrepreneurs in the ideation or validation phase of venture development. Selected recipients receive an award of up to $1,000. These funds are intended for validating student ideas. Funding may be used to build prototypes, run a pilot program, or conduct market research. Students may receive this phase of award more than once.
i. Application Requirements:
1. 1-2 minute pitch video
2. Application Form
3. Pitch Deck (optional)
4. One-Page Visual Description (optional)
2. IMPLEMENTATION PHASE AWARD (Up to $5,000)
a. Implementation Phase Awards are designed to support student entrepreneurs who have a validated idea to develop into a venture. Selected recipients receive an award of up to $2,500. These funds are intended for building your venture. Funding may be used for web development, web hosting, legal fees, pilot programs, marketing and sales, interns, or other activities that further venture development. Students can receive this phase of award no more than twice.
i. Application Requirements:
1. 1-2 minute pitch video
2. Application Form
3. Pitch Deck (required)
4. Supplemental documents (optional)
3. LAUNCH PHASE AWARD (Up to $10,000)
a. The Launch Phase Award is designed to support student entrepreneurs who have a venture that has launched or is ready to launch. Selected recipients receive an award of up to $10,000 and funds are intended for launching the venture. Funding may be used for further web development, web hosting, legal fees, pilots programs, marketing and sales, interns, or other activities that further venture development. Student can only receive this phase of award once.
i. Application Requirements:
1. 1-2 minute pitch video
2. Application Form
3. Pitch Deck (required)
4. Executive Summary (required)
5. Financial Projections, including specific use of proceeds (required)
6. Supplemental documents (optional)