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Paul Profeta Entrepreneur-in-Residence Program

The Profeta Entrepreneur-In-Residence (EIR) program provides training, access, and support to black, indigenous, and people of color who are interested in becoming high-tech, high-growth entrepreneurs. The EIR’s receive a financial stipend, access to entrepreneurial training and mentors, and an opportunity to build startups grounded in university intellectual property, partnered with researchers.  

The inaugural cohort will start in late 2021 or early 2022.  

Key Dates

Rolling Applications through PENDING

Program Duration is  PENDING

Program Components

Stipend

$13,000 stipend over the course of 6 months, provided in monthly installments. 

Programming

Access to all VentureLink entrepreneurial programs, including cohort educational sessions, Linkups, and Coffee Club.

Residency

Expected 5 days/week working and learning. This does not need to be in the VentureLink co-working space, but must be productively spent.

Network

Access to 1:1 consulting and support from the NJII Entrepreneurship Division, mentorship from industry and startup experts, and connections to Investors (upon readiness).

Image by Taylor Grote

PROGRAM GOALS

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Application Process

  1. Submit Your Application (link below)

  2. Interview  

  3. Project  - details will be provided if an applicant makes it to this step

  4. Selection  

*Additional interviews or application steps may be added, as needed, by the NJII team. 

Eligibility
 

This program supports black, indigenous, and people of color ONLY. 

You do not need entrepreneurial experience to be qualified for this program. We are open to individuals of all professional backgrounds, although we do look for people with entrepreneurial aptitude and the tenacity to build a high-growth startup.

Below are a few of the requirements for eligibility:  ​

1.

BIPOC Individuals are eligible for this program. Funding is provided by a generous gift from Paul Profeta to expand entrepreneurial opportunities for these communities. 

3.

HS Graduate/GED +++. You need a minimum of a high school diploma or GED to apply, but continuing education is preferred. 

2.

Newark, NYC, or Northern NJ-based. Individuals interested in this program must be located within commuting distance from Newark, NJ. 

4.

Entrepreneurial spirit is required, but no entrepreneurial experience is needed. We're looking for individuals who are open to risk and feedback, willing to think creatively and act flexibly, and those who focus on outcomes and results. 

 
CONNECT WITH VENTURELINK

EMAIL

venturelink@njit.edu

PHONE

973-642-7857

ADDRESS

211 Warren St.
Newark. NJ 07103

HOURS

8:30 AM – 4:30 PM