The main components to the OSU Advantage Accelerator Program are listed below:

Student Power

OSU Advantage Accelerator will utilize dedicated, entrepreneurially trained business students who will be available for business research, customer identification, competitive landscape and market entry points. These student interns are supervised by the co-directors to work on your accelerator projects.

These interns will also be available to assist you through the due diligence process required prior to Angel funding rounds.

The College of Business has specific business and entrepreneurship classes for projects that startups can access in order to assist in the development of a business plan. These classes are timed to the school session and accessible to earlier stage entrepreneurs.

Affiliate Program

The Advantage Accelerator Affiliate Program is for early stage researchers that has an innovation with the potential to be a disruptive force in their industry. Accelerators and incubators provide important support services to entrepreneurs at critical points in emerging ventures development. Typically, business accelerators are known to provide a dynamic three-month intensive program while incubators tend to be facility-based and offer specific, immersive programming components. However, no program offers any commercialization guidance during this very early research phase of development. The Venture Affiliate Program aims to address this gap.

Immersive Program

The OSU Advantage Accelerator Immersive Program consists of three phases: The Fuzzy Front End, the Accelerator and the Incubator. Each describes the stage of development of a venture with a different set of immersive work, curriculum and early launch. The time frame to complete the curriculum varies from company to company and will be agreed upon among the CEO, the co-directors, mentor and EIR.

EXPLORE

Fuzzy Front End

Clients in this stage have identified a potential product, market and industry. The work in this phase is research based, milestone driven and highly opportunistic. This phase is focused upon a strong understanding of industry and key players, customer segmentation and rate of adoption. Risk identification, legal structure and profit potential are also key components. It is expected that upon completion of this stage, clients have developed a finely tuned executive summary and early pitch deck to interest potential partners, clients and staff.

REFINE

Accelerator

This phase is a two-part process. Clients in this stage will test the feasibility of their startup and validate their business models. Feasibility develops early adopters – target customers, and clearly articulates the benefits as compared to competitors. By the end of this phase, clients should complete a Lean Canvas. Part two of this phase is the Business Model Canvas. Clients will validate their business model and ultimately be ready to launch their business.

LAUNCH

Incubator

Clients in this stage will launch their startup. This phase is focused on growth, project management and efficiency. At this stage, clients are seeking to ramp up their company from a research and development company to becoming a product manufacturing and marketing company. Customer growth is a key indicator at this stage.