Thank you for your interest in applying for the YEI Innovation Fund. The YEI Innovation Fund is designed to help students and recent graduates of Yale who have worked with a Yale Entrepreneurial Institute (YEI) program develop their business concept sufficiently to attract seed capital. Preference will be given to companies that have completed the YEI Fellowship and those teams that are in or willing to commit to a Connecticut location. Up to $100,000 standard convertible note. Proceeds shall be used for forward looking expenses which can include but are not limited to the development of products, hiring staff and working capital.
Criteria for Consideration:
- Potential for high growth.
- Clear and achievable milestones that would allow a subsequent raise of seed capital.
- Team skills adequate to complete next-phase milestones.
Selected teams will present to the Investment Committee. The Investment Committee is made up of: Elm Street Ventures (Managing Partners), Connecticut Innovations, First Niagara Bank and Yale University.
Questions? Contact Jim Boyle, Managing Director at YEI at email@example.com