Home :: Entrepreneurship for Everyone :: Programs

Entrepreneur Advantage Project

Spring 2010 Deadline: March 30th

Questions? Email Scott Perkofski scott.perkofski@asu.edu

Funding Details

The objective of the new ASU Entrepreneur Advantage Project (EAP) Funding is to provide students - including those without previous entrepreneurial experience and those who have not taken business courses - an opportunity to turn great ideas into action. The funding is for a maximum of $2,000 per project and up to 10 awards will be given annually.
Other key facts:

  • This is a new program at ASU
  • Differs from the Edson Student Entrepreneur Initiative (which awards up to $20K)
  • Project office space may be available

General EAP Grants (Including, but not limited to):

  • Community partnership
  • Artistic exhibit
  • Product prototype

Project Eligibility Guidelines:

  • Entrepreneur Advantage Project Funding supports student-led projects.
  • The project leader should be in good standing with ASU and enrolled in at least one 3-hour course at ASU.

Application and Contact Information

Spring 2010 Deadline: March 30th
Download Application Here
New Proposal Writing Workshop: September 29th, 2:00-4:00 p.m. on the Tempe campus, Graham Room MU 226.

Scott Perkofski, Program Manager
scott.perkofski@asu.edu
480-884-1848

Official Rules and Submission Requirements

ASU recognizes that no set of rules, no matter how thorough or carefully developed can ever cover all circumstances. However, all projects are expected to abide by specific rules provided below. ASU reserves the right to disqualify any project that violates the rules, regulations or the spirit of the program.

Submit your New Project Concept paper

  • Suggested 3-5 pages in length
  • One (1) electronic version of the New Project Concept Proposal
  • Two (2) hard copies of the New Project Concept Proposal
  • The project application form (see website) must be the cover on all hard copies. This means it should be the very first page viewed at the top, and should precede your proposals cover page.
  • Hard copies are to be delivered to the Edson Office or received through mail/shipment by the deadline date: Attn: Scott Perkofski (located on the second floor in SkySong on the SE corner of Scottsdale Rd and McDowell Rd). Address: 1475 N. Scottsdale Rd, Scottsdale, Arizona 85257

Use of Funds

Funds may be used for expenses that successfully advance the project. The list of "eligible expenses" below is intended as a guideline, however do not consider it a comprehensive list. The judges reserve the right to decide whether or not the expenses are acceptable for use of EAP funds.

Eligible expenses include funding for:

  • Education, conferences, seminars
  • Materials/supplies
  • Building of prototypes
  • Market research studies
  • Marketing/sales of service or product
  • Specialized equipment/software/databases in direct advancement of venture
  • Scientific validation of concept (e.g. animal studies, computer modeling, etc.)
  • Legal expenses such as trademark or patent applications

Funds may NOT be used for:

  • Tuition, textbooks or any other similar expense that students would incur even if they did not participate in the program.
  • Business meals and/or entertainment
  • Personal computers
  • General business mentors
  • Salaries for employee
  • Travel

Judging Criteria

The New Venture Concept Proposals will be judged utilizing the criteria below.

Project concept
Marketing strategy
Project leader(s) information
Budget/uses of funds
Economic/social/cultural impact
Written presentation and style

Key questions for project concept:

  • Is the project's strategy likely to solve the need/problem it seeks to address?
  • Will the proposed activities lead to the advancement of the project's stated purpose?

Key question for marketing strategy:

  • Does the project propose a reasonable strategy to provide products/services to the market?

Key question for project leader(s) information:

  • Does the project(s) leader have, or is the project leader(s) likely to acquire, the necessary skills/experience to carry out the proposed activities?

Key questions for budget:

  • Does the project’s budget reflect an understanding of the true costs of carrying out the proposed activities?
  • Are there any other sources of support to carry out the project?

Key question for economic/social/cultural impact:

  • If the project is successful, what type of impact will it have?

Key question for written presentation and style:

  • Is the project proposal well-written, clear and consistent between sections?

Questions? Email Scott Perkofski scott.perkofski@asu.edu