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Northeastern University Venture Fund, known as IDEA, is a student-led venture accelerator based in Boston, Massachusetts. It supports Northeastern-affiliated entrepreneurs through educational resources and non-equity funding.
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Northeastern University Venture Fund, known as IDEA, is a student-led venture accelerator founded in 2009. It is based in Boston, Massachusetts, and supports Northeastern entrepreneurs by providing educational, monetary, and community-based resources. IDEA assists founders in developing their businesses from concept to launch, engaging them in experiential learning.
IDEA invests in ventures led by students, alumni, and staff of Northeastern University. The accelerator offers a structured process that includes stages focused on customer validation, business model development, and execution of venture milestones. Resources provided include workshops, mentorship, and access to funding opportunities.
IDEA provides educational resources, mentorship, workshops, and access to non-dilutive funding opportunities through its Prototype Fund and Gap Fund, supporting ventures as they progress through the accelerator.
Q: What is the application process? A: The application is rolling and requires a Northeastern affiliation. Q: What funding is available? A: The Gap Fund offers up to $10,000 per round, with a total of up to $30,000 per venture. Q: What stages does IDEA support? A: IDEA supports ventures from concept to execution milestones.
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