Preparing for eLab

eLab is an extremely competitive program (we only accept 12 teams per year). That’s why we put together a few resources to help you refine your concepts, strengthen your team, and improve your own entrepreneurial skill set.

5 Things We Look For in eLab Teams

 

1. Work Together

Team members have solid and deep trust in each other and in the team’s mission – everybody is working toward the same goals.

2. Coachable

Team members are coachable and able adjust to program curriculum and guidance.

3. Shared Leadership

The leadership of the team shifts from time to time, as appropriate, to drive results. No individual members are more important than the team.

4. Manage Conflict

Disagreement is viewed as a good thing and conflicts are managed. Criticism is constructive and is oriented toward problem-solving and removing obstacles. Team members actively diffuse tension and friction in a relaxed and informal atmosphere.

5. Well-Positioned

We tend to favor final-year students because they are best positioned to pursue their startup full-time once it gains enough momentum. This is not to say we will not accept underclassmen but we like to see younger students refine their concepts prior to applying to eLab their senior year.

Resources

Life Changing Labs

LCL works with talented student founders at the earliest stage of their ventures helping position them for success.

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eHub Co-Working Space

eHub provides co-working space for student entrepreneurship at two locations: on the first floor of Kennedy Hall and 409 College Ave. in College Town.

Visit Website

Entrepreneurship at Cornell

Find and access entrepreneurship classes, events, and other resources.

Visit Website

Blackstone LaunchPad

A campus based entrepreneurship program, accessible by over 500K students globally, designed to support and mentor students, staff and alumni – regardless of major, experience or discipline.

Visit Website

eLab’s curriculum is built on...

eLab’s curriculum is built on a platform in agreement with Steve Blank and Bob Dorf’s book The Startup Owner’s Manual: The Step-by-Step Guide for Building a Great Company as well as Alexander Osterwalder and Yves Pignuer’s book Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers. We also strongly encourage you to review the following resources:

 

Udacity CourseSteve Blank's Blog

Application Checklist

Are you ready for eLab? 

Z

I have formed a team

Teams make progress exponentially faster than individuals. In rare instances, we may make an exception and admit an individual into eLab.

Z

I have a concept

We are looking for concepts, not ideas. An idea exists in the minds of the founders only. A concept has been exposed to a group of target customers (not your family or friends) who have expressed sincere interest in using a product or service.

Z

I exhibit a combination of commitment, passion, coachability, and execution.

These are all skills necessary to launch a successful startup, especially while also being a fulltime student.

Fit all of these criteria?