uSEED: Funding College Entrepreneurship

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Transcript of uSEED: Funding College Entrepreneurship

uSEED

Please visit www.UDseed.info for Beta platform being tested by the University of Delaware

Research

Arts

uSeed supports Entrepreneurship

for every college student

Startups

Causes

20087,500 new startups each

year from the top 25 entrepreneurial schools

alone

Princeton Review

20105,000+ college courses

on entrepreneurship

Ewing Marion Kauffman Foundation

Today2,000+ colleges nationwide

Ewing Marion Kauffman Foundation

Entrepreneurship ≠Business Plan

The Problem

“Students in any major were more likely to pursue entrepreneurial activities if they had been required to develop solutions to

real-world problems.”

New York University 2008 Study

The Problem

To teach entrepreneurship you

must fund student projects

The Problem

How do you fund them?

No experienceNo customersNo assets

The Problem

CrowdFunding

The Solution

Competitors

Kickstarter - $10M

Competitors

Fundly - $2M

Competitors

profounder - $1M

uSEED

CrowdFunding through the already established

University Alumni Networkswithin university curricula

Our Differentiator and Competitive Advantage

Business Model

uSeed keeps 4% of every donation as well as charges a $5,000 annual licensing fee to

the Development Office of participating universities

Our Team

Brian Sowards – UD AlumA serial entrepreneur who left UD Honors Program to start his 5th company, Brian has worked with over 50 market leadersproviding technology solutions to business challenges.

Steve Roettger – UD AlumA Finance and Management Information Systems graduate, Steve pursued his entrepreneurial dreams after college, launching several companies and attracting national attention through the coIN Loft – Delaware’s first co-working space.

Matthew Racz– UD AlumAn Operations Management graduate, Matthew started his own part-time business while at UD, runs a college entrepreneurship video blog called Start It Up TV, and was a force behind the development of the Entrepreneurship program at UD.

Wes Garnett – Del Tech AlumAn industrial engineer, Wes founded several companies and serves as a mentor in UD’s Business Plan competition. He is co-founder of the coIN Loft – Delaware’s nationally recognized co-working space.

Dan Freeman, Ph. D., University of DelawareAs Faculty Director of the Entrepreneurial Studies Program, Professor Freeman has spearheaded several initiatives to increase entrepreneurial activity among students campus-wide.

Our Team

• October 7th: Beta Launch at University of Delaware – First Round of 3 Projects

Projections and Milestones: Oct. 2011 – Feb. 2012

• November 7th: Second Round of 12 Projects at UD

• 2012 Spring Semester: UD Plus 2-3 More Universities Fully Utilizing uSeed

Contact

Matthew Racz

Mattracz@udel.eduwww.linkedin.com/in/mattracz

1-908-917-6181