CEEEd Fund

Do you have an idea for a business that would benefit the Southern Miss community?

Your opportunity has arrived!

The newly launched CEEEd Fund is here to provide money and mentoring to the top student business ideas on campus.

Interested? Let’s take a look…

 

HOW IT WORKS

Through the CEEEd Fund, you can get:

  • Money to launch a new business idea
  • Mentorship to help your business succeed

 

WHO IS ELIGIBLE

You could be eligible if you:

  • Currently attend The University of Southern Mississippi
  • Are returning to The University of Southern Mississippi in the Fall semester of 2018 (undergraduate or graduate)
  • Maintain a cumulative GPA of 2.5 (with a minimum 2.0 during the most recently completed semester)
  • Are over the age of 18 (if under 18, a parent or guardian must provide written approval)
  • Are a U.S. citizen

 

AWARD AMOUNT

  • Maximum award: $2,000
  • Successful applicants receive:
    • $500 upfront to help with your start-up costs
    • Up to an additional $1,500 to take your ideas to the next level

 

WHAT KIND OF BUSINESS

You can choose to start almost any type of business, as long as it:

  • Is owned and operated by the applicant(s)
  • Is an independent business venture (not a part of an existing or family business)
  • Directly benefits the Southern Miss community (current students, faculty, or staff)
  • Is in compliance with all local, state, and federal government regulations for operating a business
  • Does not compete with existing University services (e.g., no food services)

 

HOW TO APPLY

The submission period for Fall 2017 is open from October 1 to October 31.

 

Here are the steps to apply:

  1. Make sure that you’re eligible
  2. Create a 1-minute video1 and upload it (e.g., YouTube, Dropbox, Google Drive, OneDrive)
  3. This video should describe:
    1. Your idea2
    2. How it addresses a need on campus
    3. How you will know whether or not your idea has been successful
  4. Complete the online application (you will be asked to include a link to your video)
  5. Submit your application

 

TIMELINE

  • Oct 1, 2017 (Sunday) – Competition begins
  • Oct 31, 2017 (Tuesday) – Submission deadline
  • Nov 10, 2017 (Friday) – Top 10 finalists identified by University judges
  • Nov 13, 2017 (Monday) – Online voting opens / finalists begin to schedule appointments with Southern Miss Small Business Development Center (SBDC)
  • Nov 19, 2017 (Sunday) – Online voting closes
  • Nov 21, 2017 (Tuesday) – Top 5 finalists announced
  • Nov 30, 2017 (Thursday) –  Funds disbursed (additional funds above $500 dependent on and determined by initial coaching session with SBDC)

 

AFTER YOU'VE BEEN SELECTED FOR FUNDING

You will need to:

  • Attend an orientation meeting with the Center for Economic and Entrepreneurship Education (CEEE)
  • Provide proof of eligibility (University ID, unofficial transcript)
  • Provide necessary W-9 tax form
  • Participate in a minimum of 2 business coaching sessions with Southern Miss Small Business Development Center (SBDC)
  • Submit a progress report by Friday, April 27, 2018

 

  

Acknowledgments: The CEEEd Fund is a program of the Southern Miss Center for Economic and Entrepreneurship Education and is supported by funding through The University of Southern Mississippi Foundation.

1 By uploading this video, you grant permission for this video to be further shared on social media as part of the selection process. 

2 Your idea cannot compete with existing University services. Examples of these ideas include food or book sales because they directly compete with Aramark food sales or Barnes & Noble.