IDEA: Northeastern University’s Venture Accelerator

Do you have a great business idea? IDEA is a student-led venture accelerator that supports entrepreneurs in the Northeastern University community. From developing your business plan to providing prototype funding, IDEA provides services to support every stage of venture development.

IDEA: Northeastern University's Venture Accelerator

IDEA provides Northeastern entrepreneurs with the resources necessary to compete in the challenging world of start-up companies.

 

Investing in your Expertise

IDEA provides Northeastern entrepreneurs with the resources necessary to compete in the challenging world of start-up companies. Certificate students, undergraduates, master’s degree students, and alumni are all eligible to apply. As of May 2017, IDEA has worked with 850 concepts, launched 45 ventures, and helped ventures raise $72 million in external funding.

If you bring your concept to IDEA, you’ll be paired with an alumni mentor with relevant business experience and you will have access to student coaches who can help you think through the most challenging details of developing your business plan.

Once you’re ready, you will pitch your idea to an advisory panel of students, faculty, and program donors. If your pitch succeeds, you will be granted started up seed money. Investors don’t take any equity, and the money is not a loan—this is funding to get your venture up and running.

IDEA ventures have included caffeinated energy bars, solar-powered cell-phone charging stations for use in the developing world, and an app that lets users play in stock market “fantasy leagues”—What’s your big idea?

Learn more about IDEA here


Hear from IDEA Student Coaches

Pedro Cesar Gomes, GCBA '15 The best part of my experience with IDEA has been the opportunity to connect with powerful intellectual resources. The people involved with IDEA, from undergrads to business mentors at the head of the program, all have such vast knowledge. Every time we get together as coaches and talk about our ventures, I always learn something amazing−a good idea about something to do differently.”— Pedro Cesar Gomes, MBA ’18, GCBA ’15, IDEA Venture Coach