DayOneVentures @ VT KnowledgeWorks is an invitation-only seed stage investment and mentoring program for technology-based startups, funded and operated by experienced, successful entrepreneurs who are also angel investors.
DayOneVentures @ VT KnowledgeWorks is housed at the VT KnowledgeWorks Business Acceleration Center, located in the Virginia Tech Corporate Research Center in Blacksburg, Virginia, home of Virginia Tech.
Each spring, DayOne engages with up to three early stage enterprises through a competitive evaluation process. Winning teams receive a generous stipend to cover personal and business expenses related to participation in the summer mentoring program, plus class A office space and high-speed internet access during their stay.
Throughout the summer, each team receives regular mentoring by successful entrepreneurs who have built and sold technology businesses. The program typically begins in late May and concludes in late August. At the end of the summer, each firm has the opportunity to present to potential investors via a demo day event.
Up to three teams will be invited to spend the summer in Blacksburg. Winning teams will receive a cash award related to team size. Teams live and work in Blacksburg from late May to August. In exchange for the package of cash, office services, and mentoring, DayOne receives an equity stake in the emerging enterprise.
At DayOneVentures @ VT KnowledgeWorks, we roll up our sleeves and help you to build and grow your business. We act as a member of your team with the same motivation, risk, and reward.
Simple Rules
- Proposed businesses should have a relatively low capital requirement and the ability to generate revenue within one year. Examples: web apps, software, ready-to-go widgets.
- The minimum team size is two persons. The maximum is four persons.
- The team must be willing to move to Blacksburg, Virginia and work on the business from late May until late August.
- A business plan is not necessary, just a clear and concise description of the concept, business model, and value proposition.
- Team experience is not as important as team passion.
- Demo day: At the conclusion of the summer, each team will be afforded the opportunity to showcase their company, concept, and team at a private forum attended by local entrepreneurs, local angel investors and venture capital funds.
For more information, please contact VT KnowledgeWorks.
DayOneVentures @ VT KnowledgeWorks launched on March 12, 2010.
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VT KnowledgeWorks, a regional business acceleration center that helps companies bring ideas to market, will present the Second Annual Entrepreneurship Summit on April 7-8, 2010 at the Inn at Virginia Tech and Skelton Conference Center in Blacksburg, Virginia. This two-day comprehensive workshop is for prospective company founders, entrepreneurs launching or re-vamping a business, growing companies seeking expansion capital, and individuals interested in investing in early-stage companies.
Registration is open for attendees, advertisers and vendors as long as space is available until March 31, 2010.
VT KnowledgeWorks is pleased to announce a Global Student Business Concept Challenge, August 29 - September 4, 2010, in Blacksburg and Roanoke, Virginia, USA. The Challenge celebrates the energy and ingenuity of university students and their important contributions to the future of our global economy. The name of the winning team, their university name, and their home city will be etched into the base of the VT KnowledgeWorks Global Challenge Trophy as a permanent tribute to their outstanding effort. The winning team will earn a $25,000 cash prize.
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VT KnowledgeWorks sponsors include Attaain, Inc., BB&T, Handshake 2.0, Harris Office Furniture, Hodges, Jones & Mabry, P.C., Hutchison Law Group, Latimer, Mayberry & Matthews IP Law, LeClairRyan, Science Applications International Corporation (SAIC) and The Becher Agency (TBA).
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