Entrepreneurs can apply for up to $3,000 of specialty services paid by the MicroFund to reach specific and measurable business goals and milestones.
Funding can be spent through both University and third-party services, including prototyping, low run manufacturing, legal, accounting, marketing and much more.
After initial services are awarded and milestones completed, awardees can apply for multiple rounds of service-based funding of up to $3,000 each time and for different purposes. There is no limit on the number of times an individual may apply nor a total award cap.
All that will be requested from awardees is to provide periodic updates on the progress of their ventures through surveys and other means as well as accept invitations for personal interviews for reporting and marketing purposes.
This is NOT a loan, and we do not take any equity like an Angel Investor would.