Babson Student Startups Are Ready to Advance in Summer Venture Program
13 Teams Are Taking Their Businesses Through Babson’s Intensive Summer Venture Program
Each summer, the top Babson College student startup teams spend ten weeks advancing their businesses in the Blank Center for Entrepreneurship’s Summer Venture Program (SVP). This year’s cohort has started its journey.
Now in its 11th year, SVP is an immersive and intensive experience, during which teams build their businesses and their entrepreneurial skills along the way. Summer Venture Program Director Bob Stringer, who is a leadership and startup expert and angel investor, looks forward to seeing what the teams will accomplish and how the startups will develop: “It will be fascinating this summer to watch the Babson entrepreneurs challenge and learn from each other and from the expert resources who will be available to the teams in SVP.”
The 2019 cohort represents a wide range of industries, from software to sports tech to social enterprises. Unique to this year’s cohort is one commonality: a B2B sales model. Stringer is taking note of this as he and the Blank Center team line up resources and programming: “Three quarters of this year’s SVP startups are B2B businesses, and one of their biggest challenges will be to better understand their customers and how buying decisions are made. We will try and provide the teams with the tools and techniques to be successful in a B2B sales situation.”
Teams receive free housing, 24/7 workspace – this year at the newest WeWork location in downtown Boston – and dedicated advisors. During the ten weeks, the entrepreneurs will benefit from workshops, guest speakers, office hours with experts, and one of SVP’s most well-known sessions, the Hot Seat pitching critique.
Ryan Laverty ’20, COO and co-founder of Arist team, values the opportunity to bring his team together and to collaborate: “We’ve done a lot of our initial discovery, and what we really hope to get out of the program is being able to all work and collaborate together under the guidance of the mentors that SVP that brings in. And it’s really useful to, as a mode of comparison, see what other startups have done well, see what we’ve done well, compare and contrast, and trade best practices.”