I-Start Seed Funding Program 1 I-Start Seed Funding Program

I-Start Seed Funding Program

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 ServicesBusiness PlanningSBIR AssistanceFinancial & Payroll ServicesStudent 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.

Apply to the I-Start Program

 

Service Providers

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 research-park@illinois.edu.

I-Start Program

I-Start provides university-affiliated startups with access to professional services.