Fraternity Incubator Program
Friday, 24 April 2009 06:39 Last Updated on Friday, 24 April 2009 06:41
Delta Beta Lambda Fraternity Inc Student Business Incubator program designed to foster student business the counsel, advice, and financial support given by Delta Beta Lambda Fraternity and its sponsors.
Business Development
Students interested in starting their own Technology or Game Design business must be full-time graduate or undergraduate students. They go through a rigorous application process, where they are expected to interview and present a detailed business plan. Once chosen, three lucky businesses a year will receive the chance of a lifetime
Capital up $2,500
Local telephone and computer connection
Access Computer workstations with printers
Financial Management/ Accounting Software
Access to business machines
Rent-free office space in Frat Café’
Application Dateline: TBD
Frequently Asked Questions
Do the businesses have any legal obligations to Delta Beta Lambda Fraternity?
Yes, Delta Beta Lambda Fraternity will own 10% of their company. In other words, we will be a stockholder.
Do the businesses have to be in the program for the whole 2 years, or can we graduate early?
They do not have to stay in the entire two years.
Is the $2500 more of a loan or a gift? Do businesses have to repay it?
The $2500 comes from the Delta Beta Lambda Fraternity Inc and is a contribution to their company, which means they do not have to repay it.
Can businesses apply for the DIBP if they have already half-started a business?
Absolutely, those who have an active business still may apply for the DBIP.
