Northeastern’s IDEA Gap Funding Event

IDEA hosted its first bi-annual ‘Gap Funding Event’ providing the opportunity for the finalist to receive $10,000 in capital to support the growth of their venture. Last Tuesday, April 20th those ventures AnnieMulz, HypeGenius, Golcio, Bandzu and Style Check, presented to IDEA’s advisory board, management team, and other invited guests from the community.

 The top 5 ventures were as follows:

•    Annie Mulz - A high quality urban clothing company inspired by the “Animal in Man.”
•    HypeGenius - A social media marketing company for musicians and other clients.
•    Golcio - A business-to-business e-commerce portal that targets emerging markets in Latin America.
•    Bandzu- An online band management platform that organizes a band's important information.
•    Style Check - A mobile application that provides fashion-related decision support to consumers.

The IDEA Gap Fund
Each April and October, IDEA awards Gap Funding to ventures through a competitive application process. The IDEA Gap Fund commits up to $10,000 in capital to qualified ventures.

The IDEA Gap Fund invests in high potential ventures that have clearly identified the gaps between their current position and critical milestones that will materially accelerate their growth. The capital provided to ventures is tied to the accomplishment of milestones agreed to by the recipient ventures.

The terms of the investment will be negotiated between IDEA’s Gap Fund management team and the recipients. The principle goal of the fund is to be self-financed. Ultimately, in the future, funded ventures will make contributions back to the University and IDEA.

IDEA’s Mission

The Inter-Disciplinary Entrepreneurship Accelerator (IDEA) is a student created and run University program at Northeastern that helps other students organically create, develop, and accelerate their own business objectives. IDEA provides tailored services for entrepreneurial students which are designed to accelerate the development of their business idea

The Management Team
Team of students who are passionate about entrepreneurship and responsible for implementing IDEA’s core mission. These individuals each hold an officer position.


The Coaches
Coaches are the liasons between student ventures and the IDEA team. They are students who are experts in a specific field and would like to work with student ventures as a guide through the different stages of development.

The Winner(s)
Drum roll please and the winner of this year’s $10,000 is ANNIEMULZ!

Congratulations to AnnieMulz and the top finalist for their hard work, dedication, and the best of luck on their future endeavors.

For more information about IDEA, please visit their site or contact [email protected]

If you have any other questions, send me an email or post a comment.
Ashkan

Ashkan[at]greenhornconnect[dot]com