FINANCES
 
Financing - Concept Development
Largely volunteer help from leaders
 
Financing - Initial Trial
•    Low end
o    Team budget $100,000 (average)
o    Total budget $1,000,000
o    small projects
o    most likely information technology applications (small products, reconfiguring software, consultation and design services, etc.)
•    High end
o    Assume $1,000,000 per business team (average)
o    Total $10,000,000
o    Medium sized projects
o    most likely information technology applications (small products, reconfiguring software, consultation and design services, small units, retro-fit and modification of existing products, etc.)
•    Support - Leadership committees donate time and effort
 
Financing - Subsequent trials
    Details are highly variable based on outcome of initial trial
 
Compensation
•    Students - minimum wage, college credit, equity stake in company, additional stake from a successful team - All students combined represent the largest stake.
•    Professors - negotiate with university, possible equity stake, and possible salary or consultation fees after initial trial
•    Industry committee members - possible equity stake, and possible salary or consultation fees after initial trial
•    Program - sufficient funds to cover costs and initiate subsequent rounds
•    Investors - equity stake