FAQs About The Center for Innovation & Entrepreneurship (CIE)

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No. We realize entrepreneurs come with all different kinds of passions and interests, so the program is open to all majors. Whether your major is Business Administration, Marketing, Creative Media, Criminal Justice, Professional Writing, or other, you are welcome to apply to the Center for Innovation & Entrepreneurship program.

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Not at all. You might have a great concept, an idea that you are passionate about, or an established business. Our goal is to help you realize your personal goal even if you haven't started it yet. You will just need to be able to articulate your idea, and convey your vision.

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While you don't earn credits specifically for your participation in the Center for Innovation & Entrepreneurship program, you will have ample opportunities to earn credits as you pursue your business. Each participating major is handled differently, but by using your business for project coursework and/or internships, you effectively accrue credits for establishing, running and growing your business.

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Yes. The first step to joining this unique program is to apply and be accepted to the academic program for your selected course of study; concurrently, you can complete the additional materials required for the Center for Innovation & Entrepreneurship scholarship—a Business Plan Executive Summary or Reflective Essay—if you wish to apply.

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The Center for Innovation & Entrepreneurship exists to help Champlain students explore entrepreneurship in a hands-on way. We will work with any student with an interest in entrepreneurship. Many students come to the CIE with a business that has already been operating at some level, but more often, students come with nothing more than an idea, an insight about something that interests them, that could potentially become a "big" business—or maybe just a fun business that could make some money.

We will help you find answers to three important questions:

  1. Is the idea a good business idea?
  2. Is it a good business idea for you?
  3. Is it a good business idea for you, right now?

If you find affirmative answers to these questions, you may want to move forward, at a pace of your choosing, to develop the business idea into a business. Even if you decide not to pursue that particular idea, you will have gained important skills and insights that will serve you well when the next "big idea" comes along—and it will. We have had students—who over several years—may have evaluated numerous ideas before going forward.

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We'll help you plan for your company's financial needs and do the early "bootstrapping." When you are ready, we will help you get in touch with potential investors. We will help you understand what they will need for consideration, and how the process works. When you are ready, they may decide to invest in your company!

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