Collegiate Accelerator FAQs
What is the general schedule for Collegiate Accelerator days?
Teams should expect to spend 20 hours a week at VVM.
In addition, teams will complete 20 hours of independent teamwork on their startup per week.
What are the dates of the Collegiate Accelerator?
You can easily find all the dates on the Key Dates page.
Can I skype/telecommute in some days?
All key dates listed, as indicated in agreement, need to be in person as all are interactive. Skype is not an option for required dates. Orientation will be the only virtual interaction.
What is the dress code at VVM?
Do I need an Employer Identification Number (EIN)?
We strongly recommend all startups have an EIN before the first week. You can apply for one easily on the irs.gov website! Each startup will be filling out a W-9 in June, so make sure you are prepared!
Will VVM cover my travel?
Unfortunately, we do not have the resources to offer additional money for travel. You will have to account for travel in your stipend budget. Please contact us in advance if this is a problem.
Getting into the Accelerator:
How many rounds are there and why?
The VVM Collegiate Accelerator has 3 rounds. We received tons of applications to the accelerator and have found that the fairest way to score all of them is through an initial eligibility screening, then a Peer Review, followed by an in-person interview for the Top Applicants. Instead of traditionally getting 3 judges scores, you're actually getting 10-12 unbiased scores from a huge variety of entrepreneurs, aka the people who know what you are going through!
Peer Review Feedback and the Screening Party interviews will be normalized used MIT's math (more in-depth info on the Peer Feedback page!) and the Top Applicants will be invited to Round 3, the Screening Party. The Screening Party is an in-person interview where our community of awesome mentors will help us determine if you will be a good fit for our program. These scores, along with the Round 2 scores, will be used to pick the top startups that will be in the program! To see all of your scores from Round 2 and Round 3, check out the Feedback page.
What's the benefit if I don't make it to Round 3?
Even if you don't make it to Round 3 - you can still review all of your peers' feedback. That's a huge amount of data and feedback that you will have available to you to use as you wish.
Peer Review Feedback - this is all the results from the Peer Review Round (which was previously available on another page)
What you are seeing is RAW data, which we normalize (MIT style), so that all scores come out fairly, for both the Peer Review Feedback and the Screening party Feedback. This includes dropping both the highest and lowest scores from your score and using standard deviation and the mean of the scores to come to a final score for you. This allows us to account for individuals and groups that are overly generous or very stingy with their scores during the peer review round.