Entrepreneurship Co-op

To be eligible for Co-op, you must be a full-time Drexel University student in good academic standing, having maintained full-time enrollment in each of the two terms prior to your scheduled Co-op cycle.

Other important criteria include:

1. The Co-op must be a student’s second or final Co-op.
2. Complete all application questions and be available for an in-person interview by the selection committee.
3. Demonstrate the startup’s potential by providing evidence of: a tested and validated business model; money and resources already invested or have customer base; a product or service that can be made available to potential customers by the end of the Co-op; provide a statement of goals for the Co-op.
4. Be the business’ founder or co-founder and are currently leading the startup. Founder status is made at the discretion of the Close School. Preference for students who are sole founders and not in a partnership with other students.
5. Multiple founding team members may apply if they are on the same Co-op cycle but funding is limited to the base award. If on different cycles, the students should discuss with the Close School prior to applying.
6. A student can only be awarded a single entrepreneurship Co-op.
7. The business cannot be a franchisee or a networking marketing business (multi-level marketing).
8. Have and maintain a minimum GPA of 2.8.
9. Successfully completed ENTP440 (Launch It Early Stage) or ENTP 450 (Launch It) or will have completed the course during the Co-op. Applicants with additional entrepreneurship and/or business classes may perform better during the application process including those who are majoring or minoring in entrepreneurship.
10. Have achieved or exceeded academic excellence (i.e., do not award students currently on academic probation and/or current or past incidents of academic integrity)
11. A letter of reference from a current or former employer or internship supervisor.
12. Agree to sign the Co-op award agreement which contains additional requirements for awardees.
13. The student is expected to operate their business out of the Baiada Institute for Entrepreneurship during the Co-op (only certain limited exceptions will be made).
14. The Co-op cannot be during the final Drexel quarters for the student; students must be attending classes for at least one quarter after the Co-op.
15. The student must be a full-time student and not on leave for the quarter when applying to the co-op, and they must maintain that status for the quarter before the co-op.

Additional criteria is available in the application and in the Co-op award agreement.

Before you can apply for the Entrepreneurship Co-op, you must create a résumé online through Drexel.SCDConline. Your Co-op coordinator will critique your résumé during your Introduction/Reflection Meeting. You must also submit a detailed description of your business.

Submit your completed Entrepreneurship Co-op Application by the application deadline based on your Co-op cycle.

The Close School and SCDC teams will review all applications and decide which applicants will proceed to the finalist interview stage. The criteria used to determine this is includes suitable academic progress (including haven taken the ENTP440 - Launch It Early Stage course), prior Co-op experiences, feasibility of the idea, progress to-date and an understanding of the market the student is entering.

Finalists will have the opportunity to present live to a selection committee comprised of individuals from the Close School, SCDC and qualified external representatives selected by the Close School. Presentation requirements and evaluation criteria will be provided to the finalists.

The selection committee will make its recommendation to the Close School administration team who will have final approval on the committee recommendations.