NC IDEA’s Startup Analyst Fellowship program consists of a year-long/two-semester fellowship. This program is targeted at 1st year MBA students (and into their 2nd year), but students in other related programs are welcome to apply.
This program is ideal for students interested in 1) having an investment career with an angel/venture capital firm or 2) entrepreneurially minded students looking to enhance their knowledge of the startup landscape in North Carolina and/or gain a better understanding of how young ventures are evaluated by investors. Students typically receive school credit during both the Spring and Fall 2018 semesters.
About NC IDEA
NC IDEA is a private foundation committed to supporting business innovation and economic advancement in North Carolina. The organization serves as a catalyst for young, high-growth companies by promoting initiatives that foster growth and guide these companies to become major contributors to the state’s business community. More on information on NC IDEA and its programs be found at www.ncidea.org.
NC IDEA works closely with innovative startups across the state by providing early financing in the form of grants through its program, NC IDEA SEED. Since its inception in 2006, NC IDEA SEED has awarded over $5 million to 118 companies across the state. These 118 companies have now raised over $218 in total funding.
Startup Analyst Fellow Role and Responsibilities
Throughout the course of the year-long engagement, Startup Analyst Fellows (3-4 will be selected) can expect to be part of a team reviewing over 300 seed grant applications (business plans) from high-growth startups (software, IP-based technologies, medical device/diagnostics, consumer products) across North Carolina. These applications are evaluated through an “investor’s lens,” as the principal goal of NC IDEA SEED is to position companies for further funding. Startup Analyst Fellows can expect to assist in the review and evaluation of all seed grant applications, make recommendations to the team based on due diligence findings, and actively participate in meetings with the NC IDEA staff and its review team of Angel/VC Investors from across the state. As the pool of applicants narrows, the Analyst may also take on a modest coaching and advising role with the management teams of competitive applicants.
*Startup Analyst Fellows for NC IDEA SEED will also move to “first-in-line” for NC IDEA’s full-time, paid summer internship. Students serving in this capacity have opportunities to fully engage with winning seed grant companies over the course of the summer.
During the Spring and Fall semesters, Startup Analyst Fellows will work with NC IDEA on a part-time basis (approximately 10 hours per week) supporting the Spring and Fall seed grant cycle application process. Fellows typically receive class credit for this work and are responsible for making those arrangements with their instructor(s).
Responsibilities for each semester include:
In addition, Startup Analyst Fellows are considered valuable members of the NC IDEA team for the duration of the year-long engagement and are encouraged to participate in the weekly staff meetings and/or various grant update meetings to receive the advice and mentorship of the staff.