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Serving the Cornell and Greater Ithaca Community since 1894
eLab admission application
Idea Submission Form
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Where did you hear about Elab?
What is your business concept? In the time that it would take you to walk from Collegetown Bagels to Ruloff's, briefly describe your idea. (250 words maximum)
What problem does it solve? Tell us what specific problem your business concept is supposed to solve or what specific opportunity your idea will allow you to capitalize on.
Who needs your business and why? Most good ideas solve a particular pain point for a specific group of people. Your idea might make it easier to be a student at Cornell or to sell products over the Internet. What problem are you solving and for whom are you solving it?
Who else is doing something like it? Every good business has competition - sometimes you have to look a little bit harder to find it - but rest assured it's there! Tell us who your competitors are and what they are doing (or not doing) to solve the problem you have identified. Then tell us how you plan to differentiate your concept.
If you are successful in turning your concept into a commercial reality, how would you define success in year 1, year 3, and year 5?
What do you see as the biggest weakness in your concept, and how do you plan to address it?
What do you think you need to be most successful?
What 2-3 assumptions/hypotheses would you like to validate before starting the business? How could elab help you get this validation?
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