All University of Delaware students, regardless of
college or major, are welcome to apply to VentureOn (the program). All
applicants must be University of Delaware students enrolled at least half time
and in good standing.
Funding is made possible through donations. These donors
DO NOT and UD DOES NOT take ownership or equity in your business or non-profit
and have NO governance or control of your business or non-profit.
The Director of Horn Entrepreneurship shall be the
arbiter of all rules and rule clarifications.
The Director reserves the right to disqualify any
participants who violate these rules or the spirit of the program.
Horn Entrepreneurship maintains full discretion over the
selection process and all funding and in-kind services associated with the
program, including grant amounts, terms and conditions.
VentureOn (the program) includes open session
presentations and external review of business concepts. Participation is
voluntary, and as such, participants are responsible for determining whether to
disclose proprietary or sensitive information. The University of Delaware
assumes no liability for accidental or voluntary disclosures of proprietary
information or intellectual property
Ownership of IP
You own any intellectual property (i.e., patents,
hardware, algorithms, copyrights) you bring to the program. IP developed
through the program and/or the process of business model testing and customer
development etc. is shared equally among the members of the team (unless the
team agrees to an alternative sharing agreement prior to the collaborative
development of the IP). If the team is working with University of Delaware
owned IP (i.e., research being conducted by one of the team members or a UD
patent), you MUST check with the University’s Technology Transfer Office to
better understand licensing issues.
Concerns about sharing your idea
If you feel your idea may become real, you should discuss
intellectual property rights with your team from the beginning. If you can’t
come to agreement with the team, you will need to join another team, pick
another project, or drop out of the program.
Non-disclosures.
All Horn Entrepreneurship programs are open programs.
There are no non-disclosures among students, faculty, mentors, advisors or any
assisting outside party. Please keep in mind that ideas are best viewed as
liabilities, rather than assets, because there are significant costs associated
with pursuing them (in terms of time and money). Also, initial ideas seldom
prove successful; most companies succeed because the process of learning,
discovery, and execution that shapes an initial idea that is mostly wrong into
something that people actually want to use. This process requires willingness
to share your ideas openly with peers and others.
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By entering my name and date below I certify that my
answers are true and complete to the best of my knowledge.
If this application leads to acceptance into the program,
I understand that the discovery of false or misleading information in my
application or interview may result in my removal from the program.