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Entrepreneurs Fund

The Colgate Entrepreneurs Fund was established to grow the ventures of Colgate student/alumni entrepreneurs who are solving big problems and have demonstrated an ability to execute.
Entrepreneurs Fund Winners 2017
About the Fund


The Entrepreneurs Fund accelerates the ventures of Colgate student/alumni entrepreneurs who are solving big problems and have demonstrated an ability to execute.


Through spendable gifts made to the eFund, action-oriented teams are awarded cash grants to bring their ventures to commercial viability. Each team receives a seed grant; incubator space for the summer in Hamilton; mentorship from experienced entrepreneurs in the Colgate/TIA Network; and additional startup resources from within the Colgate community.

The fund was established in 2013, and maintained with lead gifts from Dan and Linda Rosensweig P'15, '17, Noah Wintroub '98 and Carey Jennings, and Michael '86 and Julie Ellenbogen.


eFund by the Numbers
  • 27 teams awarded a seed grant to date
  • Over 35 highly qualified Colgate alumni/parent entrepreneurs have screened the applications to date
  • $375K of seed capital deployed through generous gifts from alums and parents, with funds supporting product development, digital marketing, key hires, legal and other growth functions
  • $11.9MM+ of investment capital subsequently raised by eFund teams
  • 17 ventures still currently operating; more than 50% which is well above typical startup odds
  • ~100 full-time jobs created and still filled by eFund ventures, and many more part-time positions created
  • 2,200+ hours of time donated by mentors, on average about 40+ mentors engaging more than 100 times every summer

Teams by Cohort

Summer 2017

BetterMynd 
BetterMynd is improving the mental health of America’s 21 million college students. BetterMynd gives students access to a network of certified mental health counselors and allows them to engage in teletherapy sessions.
Cody Semrau ‘14
https://www.bettermynd.com/
https://www.linkedin.com/in/codysemrau/

CampusReel
CampusReel democratizes the college campus visit. We mitigate financial, temporal and logistical restraints that prevent prospective students from visiting campuses through a platform rich with video content from colleges across the country.
Rob Carroll ’15 and Nick Freud ‘15
https://www.campusreelapp.com/
https://www.linkedin.com/in/robertcarroll2/
https://www.linkedin.com/in/nick-freud-1998b379/

Gipper
Gipper is a sports highlight app and service that harnesses a love for athletics to improve engagement and further advancement at high schools and colleges
Matthew Glick ‘19 and Jack Zamore ‘20
https://www.gogipper.com/
https://www.linkedin.com/in/matthew-glick-aaa352b2/
https://www.linkedin.com/in/jack-zamore-a57922137/

Loophole
Loophole makes a rubber ring phone accessory that prevents you from dropping your phone while also improving how you use your phone.
Patrick Crowe ‘18 and Steven Stillwell
https://loopholeusa.com/
https://www.linkedin.com/in/patrickcrowe/

Room2Learn
Room2Learn is a social platform and design consultancy that provides custom and affordable design solutions for K-12 schools, designing delightful spaces for learning
Grace O’Shea ‘11 and Jane Zhang
http://room2learn.org/
https://www.linkedin.com/in/graceoshea/
https://www.linkedin.com/in/1janezhang

2016

Trippie
Interactive mapping service for airports
Ryan Diew ‘17 and Samantha Braver 
https://trippie.co
https://www.linkedin.com/in/ryandiew/
https://www.linkedin.com/in/sbraver/

Alz You Need
Connective communication app for families with a loved-one battling Alzheimer's or dementia that allows everyone to stay in the loop using our unique remote reminders
Leda Rosenthal ‘18
https://alzyouneed.com
https://www.linkedin.com/in/leda-rosenthal-578650a7/

Halligan.io
Mobile apparatus check software for firefighters
Adam Pratt ‘18 and Alex Montgomery ‘11
https://halligan.io
https://www.linkedin.com/in/adam-pratt-73a4aa103/https://www.linkedin.com/in/alexanderhmontgomery/

Flour and Salt Bakery
Niche bakery in Hamilton, NY
Britty Buonocore ‘12
https://www.flourandsalt.com/
https://www.linkedin.com/in/britty-buonocore-67015b28/

Amber's Natural Goods, LLC
Amber’s Natural Goods is an all-natural peanut and nut butter products start up located in Hamilton, NY. All of our products are made fresh in small batches with no high fructose corn syrup, palm oil, or anything weird.
Amber Codiroli ‘10
https://www.linkedin.com/in/amber-codiroli-ba69602a/

Award

A grant of $12,000 is awarded to each of the winning teams.

(May be taxable. Recipients are encouraged to consult a tax professional.)

Eligibility Requirements

Those receiving awards from the Entrepreneurs Fund have to meet the following requirements:
  • The fund is open to for-profit and non-profit ventures with at least one Colgate member on the founding team.
  • At least one member of the founding team must reside in the village of Hamilton for the duration of the incubator.
  • Alumni must have graduated within the last 10 years.

Additional Award Benefits

In addition to funding, award recipients receive the following aids and benefits:
  • Maintain intellectual property rights
  • Office space in Hamilton
  • Earn an opportunity to present at the end of the award term for the chance to seek additional funding sources
  • Access to the Colgate alumni network
  • Access to the upstate New York startup eco-system

Judges' Criteria

Ventures will be judged by a panel of Colgate alumni entrepreneurs on the following:
  • Demonstrated ability to execute
  • Viability of venture
  • Size of problem
  • Market viability and timing
  • Stage of development
  • Team dynamic
*Seeking more than just an idea; prototype and some traction is expected

More Information

For more information, contact Wills Hapworth, Alumni Executive Director of TIA

2017 Fund

Congratulations to the five teams who were chosen as winners of the 2017 Colgate Entrepreneurs Fund. They are: BetterMynd; Gipper; Loopholeroom2learn; and Vision. See the full story here.

 

    BetterMynd   Gipper   Loophole room2learn Vision   

 


Entrepreneurs Fund In Action

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Past Award Winners

 

   Flour & Salt Bakery    Jan2017AlzYouNeedLogo

  good nature       trippie

  chicory2-e1414161909899    indify


fair harbor