IDEA: A student-run venture accelerator helping move entrepreneurs forward at Northeastern U
VentureFizz - 11/06/2014
It all began with a distinct focus on “student-led.”
As part of the entrepreneurial culture at Northeastern, campus organizations are encouraged to be run solely by students. So, when six students approached the dean of the Business School proposing a startup accelerator in 2009, the program was set forth to be led by students to serve the Northeastern community.
Five years later, the program is now formally named IDEA: Northeastern University’s Venture Accelerator and is working with over 125 active Northeastern affiliated startups. IDEA provides up to 250k (in denominations of 10k) in non-equity Gap Funds to its ventures every year, hosts a management team of 30 students, and has helped launch 33 ventures into the market.