Independent Innovators Network
Michigan Colleges Alliance (MCA) is pleased to announce the second round of its student entrepreneurship scholarship competition – the Independent Innovators Network scholarship. This program awards scholarships up to $7,500 based on the strength of student applications outlining a business or social entrepreneurship concept.
Applications due: January 20, 2017
APPLICATION INSTRUCTIONS
1. Student must attend a member college or university of Michigan Colleges Alliance.
2. Answer the following questions about your concept:
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What is the "elevator pitch" for your concept, a summary of the main idea that you could articulate in an elevator ride? (max. 600 characters)
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What unmet need in the market or society does your concept address? (max. 900 characters)
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Describe the steps needed to convert this concept into an actual enterprise. (max. 900 characters)
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What might be some key constraints in launching your concept? (max. 900 characters)
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Identify current products, businesses or alternative strategies that compete with your idea, and what advantages does your concept offer among alternative approaches? (max. 900 characters)
3. Ask a campus faculty or staff member to review your concept prior to submission. You'll need to submit his/her name as your campus sponsor.
4. Submit your application - Click Here
APPLICATIONS ARE DUE BY END OF DAY ON JANUARY 20, 2017.
Your concept will be reviewed by a panel of business leaders for the following:
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Comprehensiveness and clarity: Is the concept well thought out and clearly presented? (10 points)
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Relevance: Does the concept address a real need or problem to be solved? (25 points)
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Viability: How feasible is the concept? Does it acknowledge challenges or obstacles? (25 points)
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Innovation: Does the concept address the business or social need in a unique way? Is it highly differentiated? (40 points)
