What is Startup Launch?
Startup Launch is a two semster program for students to launch startups from their own ideas/prototypes/inventions. Students come in as teams with a clear startup hypothesis. Teams are provided space, grant money, mentorship, curriculum, intellectual property protection, and visibility.
How much funding do teams receive?
Teams will be provided up to $20,000 in funding through a SAFE note from an entity external to Georgia Tech. For more information on convertible notes, please read more about SAFE notes here.
How long is the program?
Startup Launch is a two semester program which runs during the Georgia Tech spring/summer semester and the summer/fall semester. Additional meetings and events (namely, demo day) may occur after the semester ends.
Why has the program changed names and time length?
The program has changed names to reflect the fact that the program is no longer just a summer only program. Accepted teams commit to participating for two sequential semesters. This longer time frame allows us more opportunity to engage and help our startup founders succeed.
The two cohorts in 2017 start in the Spring semester and Summer semester. These two cohorts will overlap during the summer semester which will be the intense, full-time period of the program for both cohorts. The non-Summer semesters may be done on a part-time (along with other classes) or full-time basis.
Are there any credits or grades attached to this program?
This program will be listed on your transcript but there will be no credits or grades assigned to your participation or completion of the course.
What are the acceptable team sizes for this program?
Teams should consist of at least 2 people and a maximum of 4 people. We have a preference on graduating seniors but all interested student teams should apply regardless of their graduation status. Note that past teams have grown during the program (beyond the 4 person limit in some cases) which is perfectly acceptable and often encouraged.
How many teams will be accepted?
For the 2017 version of the program, we anticipate accepting no more than 30 to 35 teams spread between the two cohorts.
What is the selection criteria?
There are three criteria for selection: team commitment (teams whose members have no other outside commitments - classes or jobs - are ranked higher for acceptance), product/service idea, and market understanding.
How do I apply?
Applications open soon with an initial deadline in mid-October 2016 and decisions following soon thereafter. If slots remain, applications and decisions will be given on a rolling basis until the 2017 class is full. Applications are open now for the 2017 class.