Application Rules

iVentures10 is now accepting applications for the Summer 2008 funding cycle. The program will take place in Champaign, IL. See the schedule for updated key dates

If you want to apply, please fill out the application form and send it to apply@iventures10.com. Applications will be reviewed as they are received thus earlier applicants have a higher chance of receiving interviews.

1. Each team must have at least one student enrolled or just graduated from university.

2. Do NOT send PowerPoint decks or business plans.  If we receive one, you will be automatically dinged.

3. Please only submit one application per team. If you have multiple ideas, please submit the idea you think is best. Your other ideas may be brought up if you are selected for interviews If you want to change your application, you can resubmit up to two times. Just make sure to resubmit from the same email address, because that's how we identify you.

4. After we review applications, we will meet with those teams selected for a final interview.  Selection decisions will be made shortly after the interview process.

5. Yes decisions will include the total amount we'll invest (up to $25,000) as well as the terms.

6. If you accept our offer, we will help you form the company and make the investment. We will explain how this investment works in more detail after we have made our decisions.

7. IllinoisVENTURES will provide you with space and bandwidth.  You will be expected to use your own computers.  Any specialized hardware or computing cycles that are needed will come out of your $25,000 budget.

8. We cannot sign an NDA, however, we will do our best to keep your application confidential

Our motivation with this program is to provide the best University students with a unique look into the world of high tech start-ups.  However, we are also in the business of producing a return on the capital we invest.  So, yes, we are looking for the next Netscape or YouTube team.  If our investments pay off, we can invest in more startups.  So we're looking for startups we think will succeed.