Summer is over and the Zellots of Zell 8 – 2009 are busy working on their ventures, getting ready for their legal clerkship or looking for a job. Proud to report that of the four ventures continuing on, one of our teams just succeeded in raising US100K from Yossi Vardi. Good job guys! This is the second Zell team to secure funding from Internet investment guru, Yossi Vardi and we are hoping to make it a tradition!
The latest group of potential Zellots, or the candidates of the 2009 Summer Induction Program (the SIP of Zell), have had a chance to taste some of what the program is about in a series of meetings meant to initiate them into Zell and to boost idea development over the summer. The hope is that as many of them as possible come to SIP with many interesting and somewhat developed ideas. SIP technically starts Sept 2 and lasts ten days. The SIP program builds on the pre SIP series and introduces students to some of the topics and content covered in the Zell year experience. This is done through lectures, discussions, case studies and assigned activities.
The focus of SIP is innovation management taught by Galya Racine including ideation and idea assessment necessary for formulating a venture proposal, and introduction to new product development and marketing strategy, taught during the Zell year. Other lectures cover diverse topics such as group dynamics, IP law and innovation in entrepreneurship, Internet entrepreneurship and negotiations. There are also entrepreneurship workshop lectures, integral to the Zell experience and offered as part of SIP as well, where entrepreneurs come to share their war stories. Yaron Galai of Quigo, who also serves on the advisory board for the Zell Entrepreneurship Program and Eden Shochat of Atternity will be meeting the students and sharing their entrepreneurial journeys.
An integral part of SIP, is the team assignments. Each day, candidates are divided into ad-hoc non random groupings, to allow as many of them to meet each other. Since the program is open to all faculties on campus, this is no small endeavor! Based on the topics covered on that day, a group assignment is given to be done overnight. Some of the assignments are academic, while others involve practical application of material covered in lecture.
Overall SIP is a great way for students to get to know each other and the intensity and vibe of the program and for program faculty to get to know them. Eventually, but the last day of SIP, twenty candidates are chosen to spend the year testing their limits, challenging themselves and hopefully learning about themselves and entrepreneurship.