Syracuse University's New Venture: Linking Students, Startups, and Investors

Syracuse University's Whitman School of Management is introducing a new program that brings together students, startups, and investors. This initiative, inspired by the popular TV show "Shark Tank, " aims to teach students how to assess startup potential and connect entrepreneurs with investors. Students will play a crucial role in this program. They will organize events, evaluate businesses, and conduct market research. The goal is to give students a hands-on understanding of what investors look for when considering an investment. However, the university itself will not be making investment decisions or taking ownership stakes. Instead, students will provide recommendations, and investors will decide whether to put their money into the ventures. The program is open to early-stage companies with values under $10 million and revenues under $2 million. Entrepreneurs and investors with ties to Syracuse University are invited to participate. This includes alumni, parents, faculty, and staff who meet certain financial criteria set by the Securities and Exchange Commission.The program is part of a broader effort to build connections among SU alumni, students, and parents. It offers entrepreneurs more than just financial support; they can also receive mentorship and guidance. This initiative addresses a common challenge faced by student entrepreneurs: accessing capital to grow their businesses. Jeff Gish, the program's academic director, brings a wealth of experience as an entrepreneur and angel investor. He emphasizes the real-world impact of the program, noting that the decisions made by students can have significant consequences for both entrepreneurs and investors. While similar programs exist at other universities, Syracuse's program stands out because it puts students at the center of the due diligence process. This focus on student involvement aims to prepare them for future careers in business, whether or not they become angel investors themselves.