Compagna-Sennett Iterate and Expand Grant
Up to $5,000
The Compagna-Sennett Iterate and Expand Grant, made possible through the generosity of Robert Compagna ’76 and Joan Sennett ’76 through their Compagna-Sennett Entrepreneurial Seed Fund, is intended for teams that have already identified an unmet need and are ready to test the value proposition of their product or service. This may involve building a prototype or minimal viable product (MVP) to test the product-market fit. Compagna-Sennett grantees work closely with Halloran Lab staff and often with industry mentors and alumni experts.
Application Date: Application due March 21st. Selected teams will participate in a live pitch panel on Thursday, April 10th, from 3-7PM. Teams who qualify to pitch live on April 10th will be notified by April 1st.
All teams who pitch live are eligible to compete in the Halloran Lab $40K Venture Showcase on Friday, April 25th, from 5-8PM.
Requirements to apply:
- Fulfill the preceding Ideate and Explore grant
- One member of the team must have accrued 15 Halloran Points. See Halloran Lab Points documentation for more information.
- Complete the application (below) and submit:
- Description of updated Customer Discovery Process (what additional discovery have you done since completing your Ideate and Explore grant?)
- Check out our Knowledge Base for more information on Customer Discovery!
- Updated Lean canvas (How has your canvas changed with additional insights from discovery?)
- Check out our Knowledge Base for more information on the Lean Canvas!
- Detailed description of all 9 sections of the lean canvas
- Description of team and roles
- Description of use of up to $5,000 in grant funds. How will you use this money to advance your idea and learning? How will these funds get you to a Minimally Viable Product (MVP)
- Complete a mentorship session with Entrepreneur-in-Residence Drew McKechnie to review pitch deck and summarize key insights from this discussion.
- Complete a mentorship session with Advisor-in-Residence Elisa Chiniara to review pitch deck and summarize key insights from this discussion.
- Conduct mentorship sessions with two additional CHaMP mentors, and summarize who you met with and what key insights you learned from these discussions.
- Submit a 10 minute video/screen share of your team delivering a full investment pitch. The investment pitch should follow the Scroobious 10 minute, 10 section pitch format.
- All grant applicants are eligible to receive a 1-year no cost subscription to the Scroobious platform to assist with pitch preparation. Use this link to register (limited to one team member per venture)
- Description of updated Customer Discovery Process (what additional discovery have you done since completing your Ideate and Explore grant?)
- All applications will be asynchronously reviewed by a selected set of CHaMP mentors and Halloran Lab Advisors between March 21st and March 28th. All applicants will receive detailed feedback on their video pitches.
- Teams who qualify to pitch live for up to $5,000 in grant funding on April 10th, from 3-7PM, will be notified by April 1st.
- NOTE: You will need to submit an update report within 3 months of receiving this grant. Use this template to update your application in StartupTree within the required timeframe.
- Eligibility
- One grant per venture
- Venture team must have at least one currently enrolled Colby student
See our past Compagna-Sennett Iterate and Expand Grant recipients