The Entrepreneurship Co-op
Your Company. Your Co-op. Our Support.
The co-op experience is the hallmark of a Drexel education. Students will intersperse one or three six-month periods of work within their academic plans of study. By weaving together scholarly and practical experiences, Drexel students graduate with a unique set of skills that opens up a diverse array of professional opportunities upon graduation.
The Close School recognizes that many undergraduates have already started their own companies. To encourage this entrepreneurial spirit within our student body, the Close School, in collaboration with the Steinbright Career Development Center, offers to all Drexel undergraduate students the chance to use your own company as your co-op experience. Students who qualify for this opportunity will receive $15,000* in support of their ventures.
To apply, download and complete the application and submit it to your co-op coordinator by June 15, 2015.
How it Works
Entrepreneurship Co-ops are granted to students who have established an ongoing business. While on co-op, you will work with a seasoned entrepreneur or executive who will serve as an advisor and mentor for the six-month period. Mentors and students will set performance goals at the beginning of the co-op period, and students will be required to submit monthly progress reports.
Entrepreneurship Co-op students receive:
The Application Process
Before you can apply for the Entrepreneurship Co-op, you must create at least one résumé online through Drexel.SCDConline. Your co-op coordinator will critique your résumé during your Pre-Registration meeting. You must also submit a detailed description of your business.
Students must complete an Entrepreneurship Co-op Application and interview with representatives from the Close School and Steinbright Career Development Center. Finalized applications should be submitted to your co-op coordinator based on the deadlines below.
Deadline: The application deadline for the 2015-16 Spring/Summer cycle is Friday, December 11, 2015.
Review Period: Applications will be reviewed from Friday, December 11, 2015 - Monday, January 4, 2016
Interview Day: Interview day is scheduled for Tuesday, January 5, 2016. All Entrepreneurship Co-op applicants should plan to be available to interview on this date.
Decision Release Date: Prior to Friday, January 8, 2016 (A-Round Offers Viewable)
To be eligible for Co-op, you must be a full-time Drexel University student in good academic standing, having maintained full-time enrollment in each of the two terms prior to your scheduled Co-op cycle. Freshmen assigned to the Fall/Winter Co-op cycle of their sophomore year are an exception since they are on vacation the summer term prior to their Co-op cycle.
- The Entrepreneurship Co-op must be your second or final co-op.
- The business cannot be a franchisee or a networking marketing business (multi-level marketing).
- Minimum GPA of 2.5.
- Completed or currently enrolled in ENTP 440 (Launch It!: Early Stage) or ENTP 450 (Launch It!)
- Letter of recommendation from a former employer.
- Updated resume.
- Interview and provide supporting documentation to determine that the business has:
- Tested and validated business model
- Money and resources already invested or have customer base
- Product or service
- Statement of goals for the business during the co-op period
Advisors will be selected from a pool of faculty and/or seasoned entrepreneurs from the greater Philadelphia area.
*For some students, Entrepreneurship Co-op funding may be taxed. Since individual tax liability depends on each individual's circumstances, you should consult a tax advisor. Please refer to IRS Publication 970 – Tax Benefits for Education for more specifics.
This award will be added to your financial aid award and will be applied first to any university charges currently not covered. If you currently do not have a balance due, or there is funding from this award left over after it is applied to your account balance, you may be eligible to receive a refund for that amount. We strongly encourage you to sign up for eRefund so that you can easily and quickly access these funds.
Instructions to sign up for eRefund