Element 8 and WSU seek undergraduate and graduate students, and postdoctoral researchers to be fellows with us. This Fellowship is designed to help the individual learn best due diligence (DD) practices and gain a comprehensive “hands-on” understanding of what makes early-stage companies attractive to potential angel investors. WSU Fellows will also gain valuable professional learning experience in the growing cleantech industry (an outstanding networking opportunity), a means of gaining exposure to start-up companies, and a unique chance to learn how the angel/venture capital community finances early-stage companies.
Participation is available from any WSU location and will involve a commitment not to exceed 5 hours/week for deal and diligence work.
Position Information and What to Expect
General tasks performed by the Fellows
- Research high-quality cleantech start-ups and contact entrepreneurs leading promising young companies to encourage them to apply to Element 8 for funding.
- Research specific topics (i.e. competitors, intellectual property, value proposition, product costs, pricing, etc.) relating to the potential success of those companies and communicate your findings to Deal Leads and others.
- Interact directly with our Executive Director, members of the Board of Directors,
entrepreneurs who are creating the new companies that will dominate the cleantech industry in the future, other members and sponsors who are experienced business leaders, and other Fellows.
- Help our Screening Committee Chair to create more and better deal flow for investor members by providing feedback on applicant companies.
- Assist in pre-screening entrepreneurs for the opportunity to present their companies to the group, ensuring that applicant companies fit the criteria for consideration and have submitted a complete application before referral to our Screening Committee.
- Work closely with member-investors who have volunteered as “Deal Leads” to perform due diligence on selected companies.
- Contribute to the organization’s online “Due Diligence Resource” based on best practices research and learn the investor software platform for shared due diligence.
- Attend weekly Fellows team phone calls, monthly screening calls, and monthly member meetings
Fellows are also invited to attend all member investment lunches and two annual social
meetings which are attended by members, representatives of sponsoring companies,
entrepreneurs, guests, and guest speakers.
- Can commit (up to) five hours per week September through June.
- Can work independently and in teams with periodic supervision.
- Have excellent work and time-management habits including strong interpersonal, oral communication, writing, and organizational skills.
Applications of all academic backgrounds will be considered, but having prior experience with general scientific research in areas of environmental/sustainability, technological development, marketing, public relations, finance, investment, project management are an extra plus.