WHAT IS THE ENTREPRENEURIAL ALLIANCE?

The Entrepreneurial Alliance is a Colby Career Center initiative that aims to develop students’ entrepreneurial skills and establish a local entrepreneurial network in the local community. We provide a one year workshop series on skill-development, inviting speakers from both academics and businesses. Through these workshops, Colby students and residents of Kennebec County will gain a valuable knowledge base of the principles of entrepreneurship. To join, please contact entrepreneur@colby.edu.

WHAT IS THE BUSINESS COMPETITION?

The Business Competition is a yearly competition that takes place in the spring. Entrepreneurs are given the chance to present their projects after working on them for the past semester. The audience consists of venture capitalists, angel investors, and the Colby and Kennebec community.

DO I HAVE TO JOIN THE BUSINESS COMPETITION IF I JOIN EA?

No, it is not mandatory. However, it is a great opportunity to put everything you’ve learned in the workshops into action. You will receive feedback and mentoring from professionals in the field.

HOW TO SIGN UP FOR A WORKSHOP?

To sign up for a workshop, just simply go to Colby Career Link, go under “events”, then “workshops”, and click RSVP next the workshop that you want to attend.

WHO CAN ENTER THE BUSINESS COMPETITION?

If order to be eligible for the EA, you have to be currently enrolled as a full time student at Colby College and must be a member of the EA.

CAN I TEAM UP WITH OTHER PEOPLE IN THE COMPETITION?

Yes, you certainly can! We had teams of two, three, or even four people in the past competition.You are encouraged to work with other people to develop a business.

I’M INTERESTED IN PARTICIPATING, BUT NEED SOME GUIDANCE ON HOW TO EXECUTE THINGS. DOES THE EA PROVIDE MENTORS?

Yes we do! After submitting your initial thoughts to us, we will match teams up with mentors who have experience with entrepreneurship.

If you are interested in signing up to be a mentor, please see our mentorship page.

HOW DO I WIN THE COMPETITION?

The winner(s) of the Spring Business Competition will be the entrepreneur(s) who have demonstrated, through real world accomplishments that their project/idea is the most “funding ready” business in the alliance for that year.

WHAT ARE THE PRIZES?

We will have a prize of $15,000 for the winner of the competition as a start up fund for the company. But for those who have interesting ideas but did not win the competition, we have many venture capitalists and angel investors that may be intrigued by your business plan and decide to invest in you regardless.

THIS SOUNDS GREAT! HOW DO I GET INVOLVED?

Email the Colby Career Center at entrepreneur@colby.edu

I HAVE NO EXPERIENCE WITH ENTREPRENEURSHIP. MAY YOU PLEASE RECOMMEND A FEW SITES TO HELP ME GET STARTED?

SCORE: www.score.org
SBA: www.sba.gov

Both are great free online resources to help you get started and acquainted with the necessary procedures.