Student Venture Support Application for 1789 Student Venture Fund

Thank you for applying for this student support opportunity. Please review the details of the 1789 Student Venture Fund before applying. You must be a current UNC student.

Your financial support is a training grant award and paid through your student account. If you are a financial aid recipient and enrolled in courses when you receive the award, this counts as a resource toward your financial need and is factored into your aid package. All awards will show on your Student Center account in Connect Carolina. If your Connect Carolina account shows a balance when the award is processed (because you owe money for tuition or fees), the award will be applied to that deficit and in most cases, reduce your loan deficit. If/when financial aid is processed or you make a payment and your account shows no balance or an excess of funds, that excess will be sent to you. If your aid has already been awarded, the Office of Scholarships and Student Aid will send a revised award letter. We recommend you consult with the Office of Financial Aid and a tax advisor before accepting to understand any potential implications of receiving these funds.

I am applying to...

1789 Student Ventures Fund

What is the name of your venture?

What is your venture's website? (leave blank if n/a)

When did you start working on this venture? Give date incorporated if you've done so.

Add a second founder/team member:

YesNo

Venture Information

Describe the mission of your venture in 140 characters or less.

In more detail, what does your venture do or make? What is interesting or new about what it does?

Describe what impact these resources would have on your venture. What milestones do you expect to complete with these resources? What value will it create for your venture?

How will you measure the effectiveness of this funding and your overall impact? What tools will you use?

How are you different than other products/services in this space? What is novel?

What process have you used for customer discovery? Who is your market?

List at least five approaches you intend to utilize in order to market your venture to your target audience and clarify how you plan to implement each approach. Examples: Social Media, Word of Mouth, Flyers.

How are you self-sustainable?

Funding Information - answer as applicable

Have you applied for 1789 SVF previously?

YesNo

Were you awarded funding from 1789 SVF?

YesNo

How much and what were you able to achieve with 1789 SVF funding?

What progress have you made since applying to the 1789 SVF? Have you raised additional funds? Do you have sales/revenue income?

What are the 3 month goals of your venture?

What are the budget needs associated with the 3 month goals?

What are the 6 months goal of the venture?

What are the budget needs associated with the 6 month goals?

Number/Dollar amount requested. ENTER NUMBER ONLY. The average award is $1,000, and no award will exceed $3,000.

Reasoning for requested dollar amount.

What will this money be used for? How are you budgeting it?

If your budget needs include a third party (someone to build your website, ship your supplies, etc.) have you received estimates from them?

How will you use these funds?

If you do not receive an award for the full amount requested, will your plans change? Do you have supplemental funding opportunities or goals? (revenue from sales, other funding opportunities, etc.)

When will you use the funds (specific dates or general plan)?

Team Information

How many are on your team?

How is the work divided?

What are the individual roles or skills that each member brings to the team?

How long have you been working together?

Including yourself, how many current UNC students are part of your team, mentors, advisors, etc.? (Number only.)