Before starting the application, please review the ELAB checklist.
Admissions will be competitive and many teams will not be admitted. For those not admitted, we have many resources available to help you refine your concepts, strengthen your team, and improve your own entrepreneurial skill set. Click here for prELAB options.
ELAB also presents a unique opportunity to receive classroom credit for doing what you love – developing and growing your startup! In the past, students have received 5.5 credits over the school years with roughly half during Fall semester and remaining in Spring. Please expect to plan your semester schedules accordingly.
Fall programming will focus on customer discovery and getting startups to product-market fit. For more advanced startups, we have the ability to do more individualized planning but will still expect all teams to participate in going through an extensive customer discovery process.
Winter break offers a respite from the rigors of classwork. It also creates a golden opportunity to really focus on your startup and get in front of target market customers. Winter break is a key time for ELAB startups and we have the tools to help you maximize this valuable time.
Towards the end of Winter break, we will expect teams to check in with us to provide updates on progress they have made. This update combined with the team's performance during Fall semester will determine whether or not the startup continue on to ELAB's Spring Program.
Starting Spring semester, we will switch gears bringing in experienced entrepreneurs to connect and advise ELAB startups. Teams will be expected to have product-market fit by this time so they may work primarily on sales and pitching skills. We will also determine which “track” each teams should be on – Are they ready to look for investment? Should they be focused on getting into a professional accelerator instead? Is the startup better suited to bootstrap and grow operations rather than look for outside help?
ELAB's Demo Day is one of the highlights during Entrepreneurship@Cornell Celebration event is mid-April. ELAB startups get the opportunity to present in front of a large crowd which has included angel and VC investors in previous years.
ELAB's program concludes in early May. Here are the outcomes we expect:
All participating teams will learn a great deal and build an outstanding network for immediate or future success!
As you move become an alumnus of ELAB, we will provide mechanisms to share your feedback so we can continue to improve our program. We also encourage all of our alums to remain actively involved in ELAB – many have transitioned naturally into ELAB mentors, and there will be opportunities to join ELAB's Board of Directors etc. for distinguished contributors.
We look for high-performing teams with the following characteristics: