The Northeast Indiana Innovation Center (NIIC) has made some improvements to its student entrepreneurship program. The Student Venture Lab program is now patterned after the successful tech venture accelerator programs Y-Combinator and TechStars (and all the others).
In other words, the Student Venture Lab now provides a small amount of seed capital and office space at NIIC’s campus in exchange for a small amount of equity. NIIC also provides the owners a small stipend. The ventures work over a six month period (students need a bit more time than the full time ventures in most accelerators) to prepare for demo day, and they receive mentorship and coaching help during the process.