Rocket Fund


The Rocket Fund is a fund for student entrepreneurs at Memorial University. If you have taken initial steps in validating your idea and starting a business, this fund is for you. We will help you use up to $2,000 to refine your business model, prototype or validate a growth model. The use of funds is not limited to certain eligible expenses but make sure to check what expense categories MCE funding won’t cover. You will receive mentoring on how to maximize the effectiveness of the money you spend and increase the learning per dollar spent.



“If you are not embarrassed by the first version of your product, you’ve launched too late.”Reid Hoffman, LinkedIn co-founder

The Details


Eligibility

  • First-time student entrepreneur at MUN
  • Have completed a business model canvas
  • Have completed customer centric market validation

How to apply

  • Submit a 1-minute video pitch of the idea (selfie videos from your phone are perfectly fine!)
  • Complete a business model canvas for the idea
  • Complete the timeline template
  • Provide proof of early stage customer-centric validation (customer interviews, sales, etc)
  • Define the suggested use of funds



Applicants who meet the general criteria and submit all application documents will be invited for a 30-minute interview. A decision will be made on each application no later than five business days after the interview.

You can submit an application by emailing Daan Goossens at d.goossens@mun.ca with subject line “Rocket Fund Application – [Insert Name(s)]”. Make sure to attach the business model canvas and timeline, a link to your video pitch and a paragraph on the suggested use of funds. If you need any help with completing the business model canvas, don’t hesitate to reach out and book a meeting here.

If you have any questions, make sure to check our FAQ page or send us an email at mce@mun.ca.