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Funding Process
We work quickly and can provide an investment within one month.
01.
Funding Request
Apply for LTF funding by filling out a short form. See our "Apply" page for more details.
02.
Coffee Chat
Once we've received your application, you'll meet with two of our board members to learn more.
03.
Formal Pitch
If the coffee chat goes well, your team will be asked to present a formal pitch to the LTF board.
04.
Funding Approval
If your funding is approved, we'll ask you to fill out the relevant paperwork and check in with us again at a set date.
What we fund
Your team has at least one founder that is a UChicago undergraduate.
Your team has not previously received any capital for the same idea.
Your project requires discrete sums of money to get off the ground.
Your project has what are judged to be feasible growth opportunities.
Your project will further the UChicago entrepreneurship community.
Your team has limited access to other sources of venture capital.
What we don't fund
Teams that are operating small businesses rather than startups.
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Teams that want to hire other people to build the product for them.
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Teams that do not clearly specify what the money is needed for.
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Teams that are not looking to utilize funding in a lean manner.
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Teams that have entered the College New Venture Challenge.
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Teams that do not have an imminent need for startup funding.
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