May 27, 2009- Student team receives $250,000 for seed funding.
Select colleges and universities on the East Coast may nominate one student team to participate in the ECVC. Teams may consist of one or more participants. At least 75 percent of a team’s members must be students. Student(s) must hold a key leadership role in the formation and daily operation of the business and own equity in the venture. For purposes of the ECVC, a student is any individual enrolled as a candidate for a bachelor’s, master’s or doctoral degree in a full-time, part-time or executive-degree program during June 2008 to June 2009. Entrants may be required to show proof of school enrollment, and Sponsor shall determine in its sole discretion whether entrants meet eligibility criteria. Faculty support is encouraged but not required.
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