How To Be A Fellow

 

WANT TO BE PART OF OUR FELLOWSHIP?

The Parsons ELab calls for fellows for its 12 mo Fellowship Incubator Program . This year’s cycle 2016/2017 commences on 14th November 2016 and runs through until 14th November 2017.

 

Apply here by October 14th!

 

Program Eligibility

Eligible applicants must be second year graduate students or recent alumni who graduated in 2016, 2015, or 2014 from any of the graduate programs of the School of Design Strategies: MS in Strategic Design and Management, MA in Theories of Urban Practice, MFA in Transdisciplinary Design, and MS in Design and Urban Ecologies. Also eligible are second year graduate students or recent alumni who graduated in 2016, 2015, or 2014 from the MFA in Design and Technology graduate program of the School of Art Media and Technology.

 

How to apply

  • Complete this form by clicking here.
  • Send an email to ParsonsElab@gmail.com with the subject line “YOURNAME_ELab2016” and one single 15MB PDF that contains the following:

               – Your current CV

               – Pitch Deck (preferably with some proof of concept or prototypes)

               – Outline and Draft Business plan

               – Please be advised that finalists will be required for an in person interview.

 

MORE ABOUT ELAB FELLOWSHIP PROGRAM

We believe that building the future economy is a collaborative effort and we aim to assist our students and recent alumni of the Parsons SDS and DT graduate programs in their journey of (becoming entrepreneurs) creating new experiences. Through the Elab fellowship program, second year graduate students and recent alumni – upon graduation to 3 yrs out – who have proven business ideas and entrepreneurial spirits will benefit from internal and external support for a year, including discounted co-working spaces, mentorship, professional business advice, strategic networking, informational workshops and panel discussions.

The New School has helped mold many important change makers in music, media, art, design and the social sciences over the years, and within this context, we are excited to build and support with you a shared exploration in entrepreneurship and the emerging new economies. We can continue this stewardship in a more networked, collective and collaborative way through digital and analogue methods.

 

Why be a fellow?

The ELab is proud to support entrepreneurial spirits by providing a set of valuable benefits and support through their journey:

 

Benefits Support
  • Support in identifying business opportunities and connections
  • Development of the fellows’ knowledge around business
  • Increase the networking opportunities
  • Improve the ability to achieve goals and solve problems
  • Increase the chances for success
  • Support team thru mentor and peers to help you over the hurdles
  • Access to Mentorship/coaches
  • Mentor check-ins (up to 3hr scheduled quaterly)
  • Access to Network Partnerships
  • Lease for seats at a partner’s coworking space (within a specific sector that meets startup’s needs)
  • Network workshops
  • Elab tailored workshops
  • Pitch nights
  • Timetables + Benchmark Goals
  • Website + Resource library
  • Network discounts
  • Guest Speaker Talks
  • Alumni Connections

 

The Mentorship Support

Each year the Fellowship Program will have approximately 12 mentors and friends in a timebank available to the current cohort either through office hours, mentor check-ins, panels or talks. The ELab team will work to keep the pool diversified and appropriate to the needs and sectors of the current cohort.

The ELab Mentors are Parsons alumni with 10 years of professional market experience and business success. They want to give back to their community and volunteer to support the Fellowship Program. They will be matched with projects that align with their skills, expectations and goals. The mentorship program is designed to be a flexible opportunity for both parties to benefit and create a growing professional relationship for future success. It may take several formats depending on the mentors’ availabilities and the actual needs of the fellows.

Besides the current 12 mentors, we will also supply students and recent alumni with a list of vetted professional alumni that their startups can reach out to for professional services and support.
Soon, a matchmaking online platform will allow fellows to upload information that they would like to share about themselves, projects, expectations and interests as long as finding the perfect mentor for their startups.

 

What are the characteristics of a fellow

The ELab is committed to invest time and effort in providing the resources for these promising startups to succeed; in the mean time, the fellows are expected to showcase valuable attributes in order to make the most of this opportunity and succeed in this very competitive economy:

  • passion
  • commitment
  • availability
  • reachable by phone or emails
  • checking in constantly
  • open-mindedness
  • hard working
  • trustworthiness
  • accountability
  • effective listening skills
  • Stewardship

 

Responsibilities & Expectations

The ELab intends to produce engaged successful entrepreneurs and one of the characteristics of a true entrepreneur is their shared value in the community, by giving back and networking.

In our program, one of our strengths is in forging a tight community of fellows who support the mission of the ELab, because they have benefited most from its formation.

The Fellows are expected to give 5 hours a week to the ELab of their time either through research, marketing, admin support or another prearranged commitment. They  are required to attend the 4 workshops developed by ELab for them, host 1 workshop at their partner space, present a midway and final business and financial update and a final exit interview. They are also asked to be in touch for an annual research survey up to 5 years after leaving the ELab to help us in our research around the efficacy of incubation and mentorship. Fellows are expected to stay connected to the Lab for a minimum of 3yrs.

 

Workshops

  • Legal Structures: How to incorporate + Partnership agreements
  • Insurance: What do I need when
  • Accounting & Bookkeeping for startups
  • CRM software + customer acquisition plans
  • Pitching your business
  • Writing a business plan & Projecting my breakeven point
  • Funding Alternatives
  • Dolphin Tank (practice pitch night)
  • Taking your temp. Midway business presentations
  • Final Business presentations

 

Apply here by October 14th!