Funding


There are many sources of funding available to Northwestern students working on entrepreneurial projects, from fellowships to classes to competitions.

Scoots at the 2019 VentureCat competition at Northwestern University on Wednesday, May 22, 2019.

Funding Opportunities at The Garage

The Garage oversees multiple programs and initiatives that offer awards or prize money to students working on entrepreneurial ventures.

Little Joe Ventures Fellowship in Entrepreneurship


Five sophomores are chosen each winter quarter after a rigorous interview process. Each cohort is announced at the beginning of the spring quarter.

  • The Garage
  • $5,000 award
  • Undergraduate students

NUseeds


NUseeds is Northwestern’s $4M pre-seed/seed investment fund for student founded startups.

  • The Garage
  • $10,000 – $100,000 in exchange for equity
  • All Northwestern students; must have been a Resident at The Garage

The Propel Program


The Propel Program provides networking, mentorship, and immersive learning experiences that promote diversity and inclusion in entrepreneurship.

  • The Garage
  • Up to $1,000 award
  • All full-time, female students

Wildfire Pre-Accelerator


The Wildfire Pre-Accelerator Program at The Garage seeks to accelerate student teams by giving them additional resources and coaching over a period of 10 weeks in the summer.

  • The Garage
  • $10,000 award per team + $10,000 non-dilutive prize pool
  • All Northwestern students

Other Funding Opportunities at Northwestern

All Northwestern Students

These various funding opportunities and programs are offered throughout Northwestern for all students working on an entrepreneurial project.

Farley Center Classes


Some entrepreneurship classes offered through the Farley Center for Entrepreneurship and Innovation provide students with funding for business expenses.

  • Farley Center
  • Business expenses support
  • All Northwestern students

Resnick Family Social Impact Program


The Resnick Family Social Impact Program supports student projects that address significant local and global challenges in sustainability and energy.

  • ISEN
  • Up to $25,000 based on past recipients
  • All Northwestern students

VentureCat


VentureCat is an event and showcase celebrating Northwestern’s most promising student-founded startups. The event culminates with a pitch competition in which over $300,000 in prize money is distributed to student ventures.

  • Northwestern
  • $300,000 non-dilutive prize pool
  • All Northwestern students

Undergraduate Students

These programs and opportunities from across Northwestern are open to undergraduate students only.

Summer Internship Grant Program (SIGP)


This is a funding source for undergraduates who have accepted an unpaid internship or summer experience in an industry that traditionally does not pay their interns. If you are working on your own startup and can meet supervisor requirements, you may apply.

  • Student Affairs
  • Up to $3,000
  • Undergraduate students

Kellogg Students

These funding opportunities and initiatives are open to Kellogg students only.

Heizer Center Business Plan Competition Reimbursement


The Heizer Center for Private Equity and Venture Capital may provide reimbursement to students participating in private equity and venture capital competitions.

  • Kellogg
  • Competitions and expenses support
  • Kellogg students

Kellogg Classes


New Venture classes offered to Kellogg students provide funding for business expenses

  • Kellogg
  • Business expense support up to $3,000
  • Kellogg students

Kellogg Real Estate Venture Challenge


This team-based competition invites MBA students to pitch ideas for real estate ventures to a panel of high-profile judges.

  • KIEI and the Kellogg Real Estate Program
  • Various cash prizes
  • Kellogg students

Kellogg Social Entrepreneurship Award


The Kellogg Social Entrepreneurship Award enables students to more feasibly pursue their social venture full time following graduation.

  • Kellogg
  • $70,000
  • Kellogg students

Kellogg Venture Challenge


Sponsored by the Kellogg Innovation & Entrepreneurship Initiative and the Kellogg Entrepreneur’s Organization (KEO) in Winter Quarter, the Kellogg Venture Challenge gives students an opportunity to pitch their startup idea and gain valuable feedback from members of the startup and Kellogg School community.

  • Kellogg
  • $10,000 prize pool
  • Kellogg students

KIEI Summer Startup Stipend


The KIEI Summer Startup Stipend is intended for students who have business concepts that have been tested to determine that there is a compelling product-market fit.

  • Kellogg
  • Up to $7,000
  • Kellogg students

Levy Institute Business Plan Competition Reimbursement


Levy Institute Business Pitch Competition Reimbursement helps cover travel expenses.

  • Kellogg
  • Competition and expenses support
  • Kellogg students

Project Impact – Funding for Summer Experiences


Financial support is available for social entrepreneurs working on their ventures full-time over the summer quarter. 

  • Kellogg
  • Up to $7,000
  • Kellogg students

Project Impact – Social Venture Expense Funding


Financial support is available to social entrepreneurs throughout the school year to defray the costs of pursuing a venture.

  • Kellogg
  • Up to $5,000 per quarter
  • Kellogg students

Project Impact – Social Impact Experience Funding


Project Impact covers 80% of pre-approved travel expenses to competitions, conferences, and other educational experiences that are focused on social impact.

  • Kellogg
  • Varies
  • Kellogg students

Zell Fellows Program


The Zell Fellows Program at Kellogg is designed to be a unique, applied entrepreneurial experience for MBA candidates with a passion for new venture creation or the interest in acquiring an existing venture.

  • Kellogg
  • Expenses support
  • Kellogg students

Questions?

Email us at thegarage@northwestern.edu