The I-Start Seed Funding Program benefits University of Illinois-affiliated entrepreneurs with strong potential for technology commercialization through new company formation.
I-Start awardees have access to a suite of professional services including business development, legal setup, SBIR applications, bookkeeping, and marketing/branding assistance.
EnterpriseWorks maintains a list of professional service providers and pricing for I-Start clients.
I-Start award recipients are required to become tenants of the EnterpriseWorks incubator.
|Legal Services||Business Planning||SBIR Assistance||Financial & Payroll Services||Student Shared Services Center|
|Scope of Services||• Initial Company Formation, bylaws, application for FEIN (filing fees paid by entrepreneur)|
• Stockholder agreements and certificates
• Stock option plan
• Employment Agreement and student immigration assistance (match up to $5,000)
• Non disclosure agreements
|• Write Business Plan with inventor input|
• Market Research
• Financial Projections
• Recommendation on sources of capital
• Assistance with hiring and incorporation decisions
|• Finding solicitation and agency fit|
• SBIR process guidance
• Draft budget
• Writing assistance
• Help with letters of support
• Project Management
• Registrations and Submission
|• Payroll admin|
• Quarterly Financial Statements
• Assistance with Quickbooks setup for the business
|• Market research
• Presentation assistance
• Initial template website
• Logo assistance
• Social media, adwords
• IT/Computer system setup
(up to 100 hours of student work)
Through the program, EnterpriseWorks competitively awards companies 80% of the cost of the services. Funding and resources are available for one year. Lastly, services are expected to be completed within the budget allocations for each category.
If your firm wishes to provide services for I-Start, please submit a one-page scope of services on any of the packages listed on the table, including prices and contact information on company letterhead, to firstname.lastname@example.org.
I-Start provides university-affiliated startups with access to professional services.