Entrepreneurship Incubator Program
The Entrepreneurship Incubator program empowers graduate students, undergraduate students, and recent alumni to create sustainable profit or nonprofit/social entrepreneurial endeavors that can scale over time. We provide student resources both virtually and in our state-of-the-art 2,000 sq. ft. facility in the Don Myers Technology and Innovation (DMTI) Building on AU’s campus.
The incubator provides accepted ventures with:
- Experienced mentors
- Networking opportunities
- Educational opportunities
- Access to resources
- Available workspace in the DMTI building (2,000 sq. ft)
- Guidance during early stages of business development
- Startup financial grant
Since our launch in 2014, the Veloric Center incubator program has received more that 280 applications from across all AU schools and extended invitations to 126 ventures. We currently host 30 student ventures. Over 65% of venture founders are women and/or minorities.
Our student ventures have earned:
- over $150,000 in competition and grant awards;
- over $9,800,000 in revenues; and
- obtained over $5,000,000 in outside investment while in the program.
Graduated ventures still in operation have earned aggregate revenues well over $20,000,000.
Complete our online Incubator Application Submission Form.
Once the form is submitted, a representative of the Veloric Center Incubator will contact you with information for attending an upcoming Incubator information session.
If the Veloric Center leadership team feels your business model has merit, you will be invited to make a formal 7-minute presentation about your venture followed by a Q&A session.
The preliminary determination of acceptance into the Veloric Center Incubator is made after the presentation. If you are not accepted, we will provide you with feedback to help you consider a future re-submission. All decisions about acceptance in the Incubator program are made by the Veloric Center leadership team.
Attend one of the regularly scheduled Incubator information sessions. In this session, you will learn all about the Incubator program. Recorded sessions are also available.
If accepted, each venture goes through a 90-day probationary period where the Veloric Center leadership team works with the venture to set up initial benchmarking metrics. If the venture successfully completes the probationary period, the venture is then accepted for 1 year, with renewal years available on achieving further benchmarks.