Launch Corps provides support to select Innovation Management MBA students who seek to start a new business. If you’ve got an idea and are looking for a way to get it off the ground and a supportive community to help you do that, apply to be a part of the OSU College of Business Launch Corps program.
Launch Corps members receive:
• Workshops on how to start a new business. Workshop dates will be determined in the first term, based on best availability of Launch Corps members.
• Mentorship and coaching
• Peer support and collaboration
• Connections to people with the means to fund Launch Corps members’ ideas
Some Launch Corps members will also receive financial support as J.D. Power Fellows. J.D. Power Fellows receive:
• An $8,000 scholarship to offset tuition for the hybrid MBA in Innovation Management program
• A $2,000 grant that can be applied to the costs of creating a business
To remain in Launch Corps, all Launch Corps members will be expected to maintain a 3.0 GPA in the Innovation Management MBA while meeting milestones for advancing their businesses. Our faculty, mentors and coaches will support you as you make progress.
Venture Investment Partner
Elevate Capital http://elevate.vc (Portland, OR) has committed to invest up to $50,000 in seed funding in one or more Launch Corps member businesses. Investment term sheets will be presented by Elevate Capital to one or more Launch Corps member startups prior to or at the conclusion of the Launch Corps program.
About Elevate Capital: Elevate Capital manages two funds currently. To support entrepreneurs who need a small investment ($25,000 or a $50,000) to launch, as well as to support minority-led businesses, the Portland Development Commission partnered with Elevate Capital to create the $3 million Inclusive Startup Fund to provide capital to early-stage companies in Portland founded by entrepreneurs from underrepresented groups and veterans.
Who Should Apply
Launch Corps is designed for ambitious self-starters who will pursue the OSU Innovation Management MBA.
Eligible Launch Corps applicants must meet all Oregon State MBA admissions requirements.
If you’re wondering if Launch Corps is right for you, ask yourself whether you meet some or most of the following criteria (you don’t have to meet them all!):
Have a demonstrated commitment and dedication to addressing a problem. It’s important to us that Launch Corps members are passionate about the problem they want to address, rather than passionate about their ideas. We know this might sound odd. But it’s likely your idea will change as you learn more about your customer (via the program) and adapt to customer feedback. Thus, being passionate about your idea can be a drawback; it is possible it would result in unwillingness to adapt. Being excited about a problem, though, is a great advantage; it’s likely to result in your willingness to try lots of adaptations of your idea to reach a solution that a customer will pay for.
Be highly coachable. This one is a deal-breaker. We’re not looking for those who think they already have all of the answers. We want those who are genuinely passionate about solving a problem and seek guidance on how to do that through starting a business. Our faculty, mentors and coaches are glad to guide you through the process – but you have to be willing to learn from them.
Have ideas for businesses that have potential to grow; this means that the problem you’re excited about affects a large group of people – and someone would be willing to pay for a solution to it.
Have ideas that are interesting and new – solutions no one has ever thought of before or new takes on old ideas.
Have a co-founder or a team. While it isn’t necessary to have a co-founder or team already, research shows that you will be more successful as an entrepreneur with a solid team behind you, and we are eager to see you reach success!
Overall, we seek diverse candidates in terms of industry/professional background, racial/ethnic background, gender, and other demographics. (It’s a double bonus if your team is diverse and, together, possess the skill set needed to make your idea a reality.)
How to Apply
We're accepting applications for Launch Corps and the J.D. Power Fellowship through 11:59pm, Sunday, August 20. To apply, follow these steps:
Step 1. Submit your Oregon State MBA application.
Step 2. Complete the J.D. Power Fellowship application.
Looking for more information? Email Matt Alex: Matt.Alex@oregonstate.edu