The Miller Fellowship program is an opportunity for students graduating with their bachelor’s degree in any academic area of study to continue developing their startup venture after graduation. The fellowship time period is from June 1 to Nov. 30, with a $500 stipend paid monthly to the fellow. The stipend is intended to provide entrepreneurs with enough resources for “rent and ramen noodles” to bridge the gap between graduation and starting a company.
The goal of the Miller Fellowship program is to increase the success rate of promising companies by providing short-term salary and new venture support to new graduates who would otherwise not have the financial means to do so. The fellowship operates using a holistic approach, providing guidance and support not only for the venture, but, most importantly, for the fellow.
- Regular meetings with supervisor/mentor in NC State Entrepreneurship to discuss goals and milestones that best benefit the venture, as well as the fellow, for the specified fellowship period. Examples of milestones might include prototype completion, customer testing, first product shipment, etc.
- Continued access to NC State startup spaces like the Garage to provide work and prototyping spaces at no cost.
- An opportunity to work in the NC State Andrews Launch Accelerator, a five-module, three-month summer accelerator program (applicants must apply separately for the Acceleration Fund).
- Assistance navigating university and community resources for post-graduate entrepreneurs, such as NC State’s Alumni Entrepreneurs.
- Access to human capital both inside and outside the university that provides resources and services for new ventures (e.g. pitch clinics, legal services).
- Serve as post-graduate ambassadors for NC State Entrepreneurship in various contexts, such as presenting at university-sponsored programs and holding office hours in the eGarage.
- Prepare an investor pitch for NC State Entrepreneurship Advisory Board members.
- NC State undergraduate students who will have completed their bachelor’s degree in May 2018, prior to the start of the Fellowship, and are not enrolled or planning to enroll in a graduate program the following semester.
- Applicants must show they have made substantial progress towards the development of a venture before they graduated and that additional support would significantly increase the company’s probability of success.
- Applicants must agree to reside in the Raleigh-Durham area for the duration of the Fellowship.
Leigh-Kathryn Bonner (CHASS), founder of Bee Downtown, was a 2015 Miller Fellow.
Founders of Undercover Colors, Tyler Confrey-Maloney (Engineering) & Steve Gray (Engineering) were 2014 Miller Fellows.
Suraaj Doshi (Engineering) & Kyle Linton (Poole College of Management), founders of Nicotrax, were 2014 Miller Fellows.