OwlSpark | Rice University Startup Accelerator | Review the Application
20523
page-template,page-template-full_width,page-template-full_width-php,page,page-id-20523,page-child,parent-pageid-20755,ajax_fade,page_not_loaded,,qode-child-theme-ver-1.0.0,qode-theme-ver-10.0,wpb-js-composer js-comp-ver-5.6,vc_responsive
 

Review the Application

OwlSpark Class 5: Startup Team Application

The application is divided into two sections: (1) the technology, (2) the startup team, and (3) the founders. You should be prepared to provide detailed, concise answers to questions surrounding each of these topics. Because there is no option to save and finish later, startup teams are strongly encouraged to review the application questions below and prepare their answers before beginning the application.

Technology or Business Idea

  • What does your startup do, provide, make or sell? Describe your technology or business idea.
  • What problem or need is your technology or business idea solving?
  • Who is your customer and/or end user? Please describe them in terms of age, gender, geography, health status, industry, business type, etc.
  • How will your startup generate revenue? What is your business model?
  • What is new or unique about your technology or business idea? How does it differ from what is currently available?
  • What other companies or solutions currently address the problem or need you are solving? Do you consider these companies or solutions to be competitors?
  • What inspired or motivated you to pursue a solution to this problem?
  • Has your startup team generated any revenue?
  • If your startup team raised money from an outside investor, how much and from whom did you receive capital?
  • If your startup had money to spend, how would you spend or allocate it?
  • Which companies or type(s) of companies would most likely be interested in acquiring your startup or technology?
  • If your technology is a hardware or other tangible product, have you already developed a prototype?
  • Has your startup team incorporated? If so, what is your incorporation status (C-Corp, LLC, etc.)?
  • Include a link to your startup team’s 60-second pitch video. Please provide a complete URL (i.e. “https://www.owlspark.com/pitch_video”). View Pitch Video Criteria
  • Include a link to any websites, slide decks, demos, or other materials you feel would support your startup team’s application. Please provide a complete URL (i.e. “https://www.owlspark.com/slide_deck”).

Startup Team

  • Have you secured a startup team of two to five founders?
  • Why should your startup team be selected for OwlSpark?
  • Briefly describe the skills and strengths your team has to advance your innovation or business idea. Please include one to two sentences describing each founder’s skill set and contribution that demonstrates a high level of ability.
  • Is your startup team committed to launching your startup? For example, how much have you or your startup team members already invested in terms of personal time, resources and/or finances, etc.?
  • If by August 2017 your startup had a significant chance (20% or greater) of being successful (using your own definition of success), are any founders committed to working on your startup full-time for the next several years?

Founders

  • Name and Contact Information
  • Rice University Affiliation (if no affiliation, you must specify)
  • Residential College Affiliation (if no affiliation, choose N/A)
  • Academic Discipline (if no affiliation, choose N/A)
  • Is this founder able to participate full-time during the program? If no, please list dates of outside commitments between May 21 and August 10, 2018 that may prevent this founder from attending and participating.
  • Choose a word that you think best describes you and explain why you chose that word.

Powered By