[YEP-DC] NewSchools Venture Fund Entrepreneur in Residence 2013 Application Announcement

NewSchools Venture Fund is excited to announce our inaugural Learning to Teach Entrepreneur in Residence Program in partnership with Teach For America, open to TFA alumni! If you are interested or know of any interested potentially candidates, please encourage them to apply by April 5. Apply here: http://www.newschools.org/initiatives/ltt-2013-eir/

In the summer of 2013, we are inviting up to two individuals or up to two teams of two from Teach For America's Alumni network to become paid Entrepreneur(s) in Residence (EIRs) and spend from six to ten months laying the groundwork for a new organization that will prepare teachers for schools in low-income communities. NewSchools is aiming to profoundly disrupt the current teacher preparation market by unleashing talent in generating bold, innovative solutions where the primary focus is on developing new teachers who are able to make student growth gains of at least one year from their first year as a classroom teacher.

The EIR is a unique position that enables new education entrepreneurs to spend time early on in their idea generation stage, developing fresh solutions and incubating innovations that will transform the field of teacher preparation.

The Day-to-Day

While with NewSchools, the Learning to Teach EIR will have the opportunity to develop a business plan, receive support from our team of experienced staff and incubate their early-stage ventures in a supportive environment. The daily schedule varies and depends on the needs of the entrepreneur. Weekly activities include:

·         Sharing ideas and getting feedback on them from the NewSchools team;

·         Researching best practices and networking with potential customers;

·         Receiving customized management assistance and mentorship from NewSchools and Teach For America in troubleshooting challenges and forming a strong foundation for your venture;

·         Learning from other pioneers (other founders and funders) in the field by spending time with NewSchools' existing portfolio organizations like the Relay Graduate School of Education,  New Teacher Center, the Urban Teacher Center, Match Charter Sposato School of Education/Match Teaching Residency

 

Criteria

Applicants must meet all the following criteria to be eligible to apply for the residency:

·         Must be a Teach For America Alumnus*

·         Must have an original idea to transform teacher preparation

·         Must be in start-up phase. To be considered a start-up, the organization may have been in operation for up to two years. Applicants who have only worked on their organization on a part-time basis or have yet to start the organization are generally considered eligible

·         Must intend to form a venture that is independent and autonomous and not part of an existing organization

* (For teams, at least one founder must be a TFA Alumnus)

 

2013 Application Cycle:

·         March 5: Application period opens

·         April 5:  Applications due by 5 PM PST

·         April 15 – April 25: Interviews Round 1 

·         May 3: Finalists contacted

·         May 17: Finalist Venture Prospectus sent to NewSchools by 5 PM PST

·         May 22 – May 24: Finalists Interviews Round 2

·         June 7: EIR announced

·         July/August: EIR begins residency with NewSchools 

 

Deadline

Please encourage interested candidates to apply here: http://www.newschools.org/initiatives/ltt-2013-eir/

The Deadline to Apply is Friday, April 5 at 5 PM.

 

Questions

Please email Susan Cheng at scheng@newschools.org

 

 

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