The Entrepreneurship Immersion Programme (EIP) has been designed to provide aspiring student entrepreneurs the opportunity to study a course on entrepreneurship while undergoing an internship in a startup providing practical and experiential learning on how to become an entrepreneur.
Program and Subsidy Eligibility Criteria
70 % subsidy (subject to maximum caps and funding guidelines) for the enterpreneurship course, airfare, Visa and health insurance, and monthlycost of living support for students with following background:
- Students must have shown a clear inclination to become an entrepreneur in the near term. These include
- Attending IIE Seminars, Workshops and Training programs on Entrepreneurship
- Attendance at Entrepreneur’s Corner, Entrepreneur Lunch Talks, Distinguished Speaker Series and other IIE events
- Participating in Technopreneurship Study missions
- Taking the Technopreneurship track / Entrepreneurship track
- Participating in the SMU Innovation Award Competition
- Students will need to submit a statement of entrepreneurial intent – indicating
- Their motivation to become an entrepreneur
- Steps they have taken in this regard
- Ideas / Business Plans they are working on
- How they expect the EIP to help them in their entrepreneurial journey
- Students who are already in the midst of creating a start-up that address a regional / global opportunity will be receive a green-lane to the program
The requirements for successfully completing the EIP and being eligible for the various grants that subsidize the program is as follows:
- Students must travel to & from the EIP location together as a part of the group
- Students must attend all classes that are a part of the Entrepreneurship Course being offered by the partner agency
- Students must undertake an unbroken internship at the start-up assigned to them
- Students must submit a business plan for an idea that can be launched in Singapore and / or in their EIP location
- Students must take their idea to market once they return to SMU
- Students will become ambassadors for Entrepreneurship and will commit to promoting various entrepreneurial programs amongst their cohort (min. commitment of 20hrs. For the year)