Who is eligible to participate?
Any entrepreneur with a solid business idea and a commitment to see it through to the end, regardless of what end that is, is welcome to apply here to be a part of the Summit VMS program. Entrepreneurs will be accepted based on their preparedness to accept mentoring, the stage of their idea and a willingness to adapt their idea as they learn. Ventures can be pre-revenue or already generating cash flow.
What are the costs to participate?
Summit VMS mentoring is offered free of charge for accepted program participants. Summit VMS does not take any equity in ventures.
Who are the mentors?
Mentors represent a broad range of industry sectors and roles. Most are seasoned business executives or serial entrepreneurs. Some of the roles they’ve held include CEO, startup founder, investor, sales executive, marketing executive, CTO or COO, member of a board of directors or venture capitalist.
How does the mentoring work?
Once you have been selected into the program, the Summit VMS office will arrange for your first mentoring session. Your first meeting will be with 2 mentors with the primary objective of understanding your current situation. The discussion is likely to be wide-ranging in order to gain as complete a picture as possible and to identify the most critical action areas. Based on the information developed, we will bring in additional mentors and your mentor team will evolve over the next few sessions. Meeting frequency is up to you.
It is important for participating entrepreneurs to realize that Summit VMS mentoring services are educational only. All business decisions remain under the full control of the participating entrepreneur. In other words, we are here to help; we cannot do it for you.
Are their rules entrepreneurs must follow?
Entrepreneurs must remain committed to the program and be professional, honest and proactive in working with Summit VMS and its mentors.
How do I apply?
To apply to be a participant in the Summit VMS program please fill out the application here. Once the application is submitted Summit VMS staff will review the application and respond in a timely matter.
How are mentor matches arranged?
Summit VMS will present the selected to the mentors with the intent of matching appropriate mentors to the venture. The mentors select the ventures that they would like to mentor based on their interests and area of expertise.
How long does the program last?
The mentorship relationship will last as long as the venture and mentors would like. The mentor team may evolve over time as the needs of the venture change but the mentorship program is designed to continue indefinitely. Entrepreneurs who do not utilize the program or engage their mentor teams and Summit VMS staff will be removed.