This semester, we are looking for a Venture Advisor Associate, Ready Stage, and Go Stage Coordinators!

Application Link: https://forms.gle/NYNfwnE354wUSqRN6

We appreciate your interest in applying to IDEA’s Spring 2024 management team! IDEA is Northeastern’s Venture Accelerator; we operate in 3 stage-gate processes: Ready, Set, and Go. Each step refines venture development and provides access to unique stage-specific resources:

1. Ready stage - with the help of the ready stage coordinator, ready stage ventures focus on ideation, ensuring that they plan on targeting the appropriate markets and customer segments.
2. Set stage - this stage focuses on how to deliver the product or service to the customer base chosen in the Ready stage (solution design). Ventures will leave the Set stage with the first iteration of their business model in place.
3. Go stage - focuses on an effective go-to-market strategy, in other words, acquiring that first paying customer or handful of pilots. Ventures can apply for GAP funding of up to $10,000 per round in this stage (ventures can receive a maximum of $30,000; 3 successful application rounds with no limit on how many times you apply).

After completing IDEA 3 stages, ventures will be considered ‘launched ventures’ when they raise $200K in external funding or are self-sustaining on their own revenue.

IDEA Venture Advisors: Venture Advisors are a part of all three stages mentioned above; coaches guide ventures through how best to improve their ideas and subsequent execution, based on their stage-specific needs. The Venture Advisor works to ensure that these two groups, coaches and ventures, are able to communicate and work together to facilitate venture development seamlessly. The Associate works with our Coordinator to ensure smooth processes.

Venture Advisor Associate Role Description

The Venture Advisor Associate plays a pivotal role in supporting the growth and development of IDEA's entrepreneurial ecosystem. This position entails a collaborative effort with the Venture Advisor Coordinator and faculty program directors, focusing on nurturing relationships with our diverse group of Venture Advisors.

Responsibilities

1. Relationship Development and Maintenance: Work in tandem with the Venture Advisor Coordinator to cultivate and strengthen connections with our Venture Advisors.
   • Skill required: interpersonal communication, networking, and relationship management.
2. Program Documentation and Systems Management: Handle the creation, organization, and maintenance of essential program documents, ensuring systems and communications run smoothly.
   • Skill required: detail-oriented, proficient in document management, and adept at system operations.
3. Event Planning and Execution: Take an active role in organizing and executing networking events for members of the IDEA program, enhancing the community experience.
   • Skill required: event planning, coordination skills, and public speaking.
4. Meeting Coordination and Participation: Schedule and possibly attend meetings with Venture Advisors, facilitating productive discussions and exchanges.
   • Skill required: time management, organizational skills, and professional communication.
5. IDEA Stage Framework Knowledge: Possess a thorough understanding of the IDEA Ready, Set, and Go stage framework to effectively support ventures at different stages.
   • Skill required: knowledge of IDEA's frameworks, adaptability, and eagerness to learn.
6. Program Growth and Resource Expansion: Contribute ideas and efforts towards the expansion and enhancement of IDEA's venture resources, and extend the organization's reach.
   • Skill required: innovation, passion for entrepreneurship, and strategic thinking.