BGSU College of Business - New Venture Opportunity Resources

Resources

The New Venture Opportunity will supply the following resources to BGSU alumni to support a start:

Advisors - Advisors will be faculty or experienced business professionals assigned to BGSU alumni participants to assist in developing the business vision, business plan, and provide assistance in developing strengths, weaknesses, opportunities, and assessing potential threats.
Mentors - Mentors will be seasoned business professionals assigned to periodically assist, support, and advocate for alumni participants.
Students - Students will be available to assist with the detailed research necessary for a successful business plan.
Review Board - A team of experienced faculty, alumni, and business professionals will be assembled to determine the form of support the alumni participant's business plan receives.
In Kind Support - The participants will have access to BGSU alumni who have expressed interest in providing in kind support such as legal and accounting.
Funding - Up to $30,000 shall be available from the College of Business Administration to award in return for an appropriate percentage of equity in the start. Awarding of the funds shall be based on the recommendation of the Review Board. The $30,000 may be awarded as a lump sum or split up into multiple smaller awards. After three years the increase in the equity value of the start will be liquidated providing a return to the CBA. In future years the amount available may increase. Donors may earmark funds for the New Venture Opportunity.