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Frequently Asked Questions

    • About The Program
    • About Your Company
    • Eligibility And Admissions
    • Campus Life
    • For Students
    • For Educators

Summer Program

About The Program

What is the summer program?

The LaunchX summer program taps into the potential of ambitious high school students, supporting you through the process of launching an actual startup.

We bring a highly-curated group of promising young entrepreneurs together from around the globe. Living on-campus at one of the top universities for innovation, you’ll spend four intense weeks learning from industry experts and working in a group of peer co-founders to build real products and solve business challenges in meaningful and viable ways.

How is LaunchX’s summer program different from other entrepreneurship programs?

We have high expectations of our students, who rise to the expectations to create something real and amazing. It is not a lesson in business plan writing or visiting several startup companies. It’s more than just an accelerator or an incubator. We don’t just tell you HOW to start a company; we show you the steps to take to actually create a real-life business in just four weeks. We push you out of your comfort zone and set you up for startup success with a network of peers and mentors even after you leave the program.

What universities is LaunchX's summer program at?

In 2018, we’ll also be holding our program at MIT, Northwesterm, and University of Texas: Austin.

How is the program different on each campus?

Overall, the program curriculum is the same across all of our locations, following the step-by-step LaunchX framework for starting companies. Each location may have some additional, specialized courses and workshops based on that particular university’s strengths, faculty, and the local entrepreneurial ecosystem.

What are the dates for each campus program?

The dates for our summer programs have not yet been announced.

What is the format of the learning experience?

Each day, you’ll participate in workshops, lectures, simulations and panel discussions aimed at giving you the knowledge, skills, and mindset to take your company to the next level. When you’re not in class, you’ll work with your team of 3-4 peer cofounders to put these new skills into action and bring your company to life.

How You’ll Learn:

  • Classes & Workshops—

Learn from the people who have done it before. Whether you’re getting started with product development or branding, our instructors are experts in their fields, including guests from the local entrepreneurial ecosystems and universities. Class sessions tend to be interactive—requiring you to engage during the sessions and apply the lessons directly to your business.

  • Founder Talks—

Entrepreneurs need to be resilient—able to learn from their own failures and those of others. We’ll bring in seasoned entrepreneurs to share their insights and answer your questions on market research, gaining traction, and scaling their companies.

  • Mock Board Meetings—

The ability to listen openly to feedback is one of the top traits of successful entrepreneurs. Your weekly board meetings with our staff and guest mentors will provide you with individualized and honest feedback to help you improve your company. Keep an open-mind and don’t take constructive criticism personally.

  • Simulations & Activities—

This isn’t your regular classroom environment. We incorporate team-building activities and market simulations geared toward helping you establish a stronger foundation for your company.

  • Team Check-ins—

Studies show that the number one reason startups fail is because of conflicts on the team. Team check-ins with our staff will ensure your team is implementing effective communication and collaboration strategies so your company can be as high-performing as possible.

  • Pitch Practice—

The first rule for startup founders? Always be pitching. Whether you’re telling your family and friends about your company, writing an email to a potential customer, or presenting for investors, knowing how to tell a compelling story is paramount to your success. Over the course of four weeks, you’ll practice and get feedback on a variety of pitch styles. By Demo Day, you’ll be a pro.

Who will teach the classroom sessions?

Classroom sessions will be taught by LaunchX staff, as well as by experienced entrepreneurs, business professionals, and university faculty. Take a look at each university’s page on our website for some examples of guest speakers who may be teaching at that location.

Will there be homework or graded assignments?

Homework will usually take the form of teams working on their businesses, plus some classroom sessions will require pre work. There will not be formal grades, but teams will be given feedback on work in simulations and on their businesses throughout the program.

Will I get academic credit for going through the program?

No—no credit is available through our program.

About Your Company

How are cofounder teams formed?

There is not a secret recipe or fail-proof algorithm to build perfect teams—it’s a case by case situation. There are many components that are taken into consideration to increase the chances of LaunchX team alignment and success, such as:

  • Amount of passion team members feel towards the idea
  • Variety of experience and qualifications
  • Complementary of skill sets
  • Balance of personalities

We ask some targeted questions throughout the admissions process and once you’ve been admitted to help us better understand who you are and what types of people you’ll work with best. Questions about your experience and skills, personality, and the types of problems you’re interested in solving help us to determine who to team you with. You’ll find out who is on your team during the first week of the program.

Because teaming is so important, our process for building cofounder teams is very iterative—we’re always asking ourselves “how can we form stronger teams?” and experimenting with new tactics.

Do I need to have a business idea I plan to pursue prior to applying?

No. We’ll have a process to help you come up with ideas through some of the prework and first few days of the program. The process will guide you Ibn keeping an open-mind as you search for ideas that fit within your passions, skills, and current market trends and opportunities. We’ll teach you how to critically assess these ideas and adapt your chosen idea to improve viability and value. You may come in with an idea or a business you have already started, though other students will have to want to pursue your idea in order for a team to move forward with it at LaunchX.

It’s important to remember that while it might be your original idea, you are now working with a well-equipped team of brilliant peers with whom you need to find a common vision of success—for the summer and the company. Ideas are a dime a dozen, with most having been thought of or even worked on before, so success comes down to execution. To execute well, you need all the skill sets of your team.

If you do come to LaunchX with a business idea, keep an open mind and be willing to adapt in response to new market research and new ideas. Almost all ideas change from their origination to actual implementation, especially in successful companies, and your teammates will be well positioned to bring a fresh perspective. Humility and openness to feedback is key.

Will I pitch to venture capitalists to raise money for my company?

No. The purpose of LaunchX is not to raise investment funding and you will not be doing this as part of the program. While LaunchX students are able to accomplish an incredible amount—launching viable companies in just a month’s time—no students have ever left the program with enough traction to start pitching for VC’s. You’ll have a lot more work to do after you leave the program to be ready for investment.

That said, you will learn how to pitch at LaunchX and will be prepared to pitch your startup to a variety of audiences. The program culminates with LaunchX Demo Day, during which event you will pitch for a panel of mentors and you will receive critical feedback on your business that will help you take them it to the next level. It is possible that someone on your mentor panel may be a venture capitalist, but you should not expect this and you should certainly not seek investment from them at this time.

Will LaunchX take any equity in my company?

No. LaunchX does not take equity in companies started in any of our programs.

Eligibility And Admissions

When can I apply?

The application for our summer 2018 program is now live. Please note that dates for the programs are still being finalized—these will be announced at a later date.

Do I apply to all of the campuses or just one?

You may apply to one or all of our locations. On the application, you’ll have the opportunity to check a box for all locations that you’re interested in applying to. The more locations you apply to, the better your chances are of getting accepted to one of them.

What grades and ages may apply?

Students in current grades 9-12 (freshman through senior, or international equivalent) may apply. This means that you MUST be in grades 9-12 when you submit your application. This equates to going into grade 10-12 or graduating during the summer of the program. Exceptions will NOT be made for advanced middle school students taking high school level classes, nor for graduated students in a gap year. There are no age requirements outside of the grade requirement.

Can students outside the United States apply for the program?

International applicants may apply if they have a visa that would allow them to enter and stay in the United States for the program, but LaunchX does not offer student visas or support applying for visas. Visas also vary from country to country, and our office is not international visa experts, so we are not equipped to answer questions on whether or not your visa will allow you to attend.

Many international students come to LaunchX using tourist/ B1 visas. Of course, this can vary by country, so be sure to check the specifics of your location.

If you’re uncertain about how your school marks translate to the US grading or GPA system, not to worry. Help LaunchX to calibrate your school’s grading system as much as possible. You simply need to submit enough material to allow our admissions team to gauge your academic strength—and don’t be afraid to provide extra explanations so that it’s clear what each of your marks means.

What application materials are needed?

Check the application for the latest information, as it changes year to year. It includes your transcript, activities, a video, and answers to some questions. We do not require or accept test scores or recommendation letters.

Sections of the application include:

General Information—

The first section of the application asks for basic personal information. We ask you to self-identify some demographic data. If you don’t see a fitting option, not a problem—there is space provided for an open-ended response. We also ask you to select if you will need financial assistance to attend the program. LaunchX is need blind. This means that your family’s financial status will not negatively impact your chances of acceptance in any way. This question will simply allow us to assess the potential for an application fee waiver, and will let us know to send you a financial need application if admitted.

School Information & Transcripts—

In this section, we ask you for information about your school and performance. Your grades and transcripts are the least important part of the application, and they have little impact on whether or not you’re accepted into the program, though they provide some insight on your academic rigor and learning propensity.

Activities & Accomplishments—

Here, we want you to give us a sense for your passions, interests, and your ability to create real impact. We want to see that you are motivated and action-oriented in pursuing the things that matter to you. Show us that you are entrepreneurial—an ambitious and purpose-driven self-starter who rises to the challenge. Be brief! Include your role and explain the impact that you made, but please do not use this space for sentimental or philosophical reflection.

Short Answer Questions—

The short answer questions are focused on uncovering what kind of entrepreneur you are. There are no right or wrong answers—there are many types of entrepreneurs, and it’s important that we have different types in our program. We want to get a better sense of your strengths, motivations, and your potential role within a team. Be honest—we appreciate self-awareness, open-mindedness, and a willingness to learn.

Video—

Introduce yourself in a video of 90 seconds or less. Ensure you cover who you are, what you care about, and why you are interested in entrepreneurship. We want to see:

Self-awareness—Don’t just share facts about yourself, but elaborate on why these things matter. Personability—The best candidates are able to balance confidence and humility when introducing themselves. Passion—We love to see you’re are excited by what you do!

Does my transcript need to be official?

No. A scanned copy of your unofficial transcript will be sufficient. We will not accept a mailed copy, so please use the application to submit only. It must be in English, cover all years of high school education and include an explanation of the school’s grading system. We do not accept middle school transcripts as substitutes for students early in high school. We also do NOT accept updated transcripts past the deadline of the application round to which you apply. This means that if you really want to have your current semester grades as part of your application, you need to apply regular round. Sorry, you can’t apply early round and email us your transcript later.

Your transcript can be picked up from your school’s registrar or your counselor, or if your school uses an online grade reporting system such as Naviance, you may upload the transcript you find on there.

What is the advantage of applying early?

Early admissions candidates are able to find out their admissions status in advance of the regular admissions candidates. Also, applying early allows you to be compared against a smaller pool of candidates with a typically higher yield of acceptance. We do not accept application materials past your application round deadline, though, so consider your timing carefully. This is particularly relevant for freshman applicants, since you will likely not have received your first high school transcript by the early application deadline, limiting our ability to assess your academic propensity. We encourage freshman applicants to apply in the regular round, as we do not accept middle school transcripts.

How selective is LaunchX?

We have an admission rate of 10-20% across our five years.

What are the selection criteria?

The admissions committee looks for candidates who show initiative, action-orientation, coachability, and a fit with our values. We look for students who show to us that they have what it takes to become successful entrepreneurs. There are no minimum grade or activity involvement requirements.

Great applicants have a proven track-record in working successfully with teams to create exceptional impact. It isn’t about coming up with ideas—it’s about the work you put in to see them through.

Entrepreneurial—You take initiative to push yourself outside of your comfort zone. Impact-Oriented—You don’t just care about what you do, you care about creating real results. Committed—You pour yourself intensely into your passions and you persevere. A Team-Player—You’re able to collaborate dynamically and put team goals before yourself.

Are there any things that will hurt my chances of admittance?

Once you are admitted into our program, you become a part of our community and brand, so we expect you to conduct yourself in a way that represents our community and brand in a positive light. If we learn about misconducts that we feel do not represent our community, your candidacy will be removed.

Additionally, we ask that you please exercise patience in waiting for an admissions decision. This means that you should not be emailing or calling the LaunchX team to ask about the status of your application—we promise that we will give you an answer as soon as we can. Any harassing behavior will reflect poorly on your candidacy, as it tells us that you do not take instructions well and makes us concerned that you might also overstep boundaries with the mentors and guest speakers who join us in the program.

How are applications reviewed?

The review of applications is not based on the timing of your submission (with the exception of reviewing early applicants and regular applicants during their respective groups. The admissions committee may also be reviewing from locations besides Massachusetts, so please do not read into any youtube analytics for any signals. Every application gets at least two reviews.

How will I find out if I am admitted?

Admission decisions will be emailed to applicants by the date listed on the summer admissions page using the email address used to register the application. Please ensure this is the email you would like to be used for contact. A select number of students will be placed on a wait list.

Should I email the team LaunchX if I don’t hear back?

No.

We ask that you please exercise patience in waiting for an admissions decision. This means that you should not be emailing or calling the LaunchX team to ask about the status of your application—we promise that we will give you an answer as soon as we can. Any harassing behavior will reflect poorly on your candidacy, as it tells us that you do not take instructions well and makes us concerned that you might also overstep boundaries with the mentors and guest speakers who join us in the program.

What is the cost of the program?

The full program cost $6,295. The program cost at Northwestern is $6,695 because the program is five weeks there instead of four.

If you have affordability concerns, please don’t let this stop you from applying—we offer need-based financial support packages based on family income. Please see our summer admissions page for sample financial support packages.

There is also a $60 application fee, which can be waived with proof of financial need.

What is included in the cost of the program?

Included in the cost: Lessons, curriculum materials, and mentorship Small company budget Room in a campus dormitory Excursions and activities 24-hour residential care and support

Not included in the cost: Meals Laundry Activities not organized by program Additional company budget Spending money Medical insurance and expenses Airport transfer Travel insurance and expenses

Is there an application fee?

Yes. There is a $60 application fee which can be waived with proof of financial need.

Are scholarships/ financial support available?

Scholarships are on a financial need basis. We also offer application fee waivers to students who provide evidence of need. To apply for the scholarship, indicate your interest in applying within the application form, including answering the additional questions. Admission is need-blind, meaning that indicating you need financial support will never will never hurt your chances of admission. This simply allows us to follow-up with a financial need application if admitted. We aspire to make it possible for all admitted students to be able to attend, regardless of financial background.

Please see our summer admissions page for sample financial support packages.

Campus Life

Where will I live while I attend my LaunchX program?

We will provide housing on or near your university location.

How are rooms and roommates assigned?

Housing options will differ by location and on a year-to-year basis as universities decide which dormitories are available for summer program students.

Once you’re admitted, we’ll ask you to answer some questions about your living style and preferences to help us choose a compatible roommate for you. Young women will always room with other young women, while young men are always housed with young men.

Where and what will I eat?

LaunchX does not offer meal plans, so you will be responsible for finding your own meals. We are happy to make recommendations for budget meal options in the local area and most dorms will have have kitchen access. Occasionally, when the class schedule is tight, LaunchX will provide lunch for students to eat during class.

Can I leave campus?

Your parent/ guardian will be asked to select from one of three campus leave permissions, allowing you to leave campus on your own, with a buddy, or only with LaunchX staff. Most often, students are allowed to leave campus with a buddy.

Will I get picked up from the airport when I arrive?

We do not offer transportation to or from the airport.

Can I leave for a few days during the program?

We recommend that you do not leave during the program. Everyday, we’ll teach important skills that can be applied directly to your business. You owe it to yourself and to your teammates to be present in class, as well as to be available on weekends to work on your startup. Weekends are also a wonderful opportunity to bond with your classmates and form lasting relationships. You should make an effort to keep your summer schedule open and available so that, if admitted, you may get the full LaunchX experience.

If you do want to leave campus on a weekend and you are under 18 years old, we will need written permission from your parent and you will need to tell your residence counselor about the dates you’ll be away. If you want to miss class on any day, the LaunchX team will need to approve your absence.

Will LaunchX plan any activities or field trips?

Yes—we do plan activities and field trips to help you get to know the local area. These activities will differ by location and will be optional.

School Clubs

For Students

What is LaunchX Clubs?

Our clubs program supports you in building an entrepreneurship club at your school. We hand our curriculum off to motivated and forward-thinking teens so you can build a startup throughout the school year, supported by our detailed programming, resources, and mentorship.

This is not a business plan competition. Your task is to create a real startup—to solve a real need in a differentiated way. The focus is on taking action, learning from results, and making changes to improve your chances of success.

This year we are empowering young entrepreneurs in over 500 schools. Club applications for the 2017-2018 school year are currently closed. Join our waiting list to be considered for next year.

Who can start a LaunchX club?

High school students and administrators may start a LaunchX club at their school. The program is limited to high schools and we do not support starting a club at universities or middle schools at this time.

Who do I need involved to get a LaunchX club at my school?

The following key players need to be identified: the club president (leader of LaunchX club and main point-of-contact for LaunchX staff), a faculty sponsor, and a student leadership team.

What is the role of the club president?

The club president is the lead person in charge of the club and is the main point-of-contact for LaunchX. The LaunchX curriculum and resources are meant to support all of your club members, and we will be communicating directly with you in order to help you implement them in your club.

You’ll build excitement around entrepreneurship to build the entrepreneurial community in your school and recruit club members. You’ll also participate in our monthly leadership training webinars, designed to support you in teaching our materials and fostering entrepreneurship. You’ll get access to our course platform to guide club members through our curriculum.

As club president, it’s important that you have an entrepreneurial spirit. It’s even more important that you enjoy teaching others and helping them achieve success.

Is there a fee to start a club?

We have a small membership fee of $100 per team to allow us to provide support. Teams with a high portion of low income students may apply for a fee waiver. Note that teams invited to the final pitch event must secure their own travel and lodging costs for the event.

What are the requirements for club companies?

All team members must be enrolled in high school. Each team should include 3-6 founding members. Students cannot participate on multiple teams.

Club presidents and leadership team members are also encouraged to be on a company team (either together or with another cofounder group).

How long does LaunchX Clubs run?

The program runs from September through mid-March. There is an initial elevator pitch deliverable early in the program to allow matching of mentors, so any applications received past October 1 will be placed on a list of interest for the following year. The final pitch event will take place at MIT in April.

How do I win?

LaunchX Clubs is not a competition. There are no winners.

We do have regional pitch events in the spring to celebrate to progress of the teams. From these events, a few finalist teams will be invited to a second mentorship and pitch celebration at MIT in April. Teams attending the regional and global pitch events will network with like-minded peer teams and receive feedback to progress their startups.

What happens after the first year of a club?

If you continue your company into a second year, you’ll have the option to apply for grants from LaucnhX and other resources to support your growth.

I'm a club president/ on the leadership team. Can I also start a company?

You CAN be on a team—in fact, it is encouraged! If you want to focus on your leadership responsibilities instead of being part of a cofounder team, this is okay too.

How are finalists selected?

The LaunchX team will select finalists from the regional competitions and video submissions. We’ll choose the finalists based on if you are solving a real need. This means that you should have done lots of market research and interviews, designed a solution in response to a customer need, tested your offering with customers to confirm that it truly solves that need. If you have successfully acquired customers, even better. We want to see real traction.

For Educators

Why should I bring LaunchX to my school?

Entrepreneurship allows students to test their interest in different job functions and industries, while making an impact on something real. Our school clubs program engages students in the entrepreneurial process, challenging them to build initiative, adaptability, and relationship skills necessary for their future.

Our clubs program builds college and career readiness, helping students grow both personally and professionally, through curriculum that targets 21st Century Skills and Social and Emotional Learning. See our educator’s page to learn more.

What is the role of the faculty advisor?

LaunchX’s clubs program is designed to be student-run, so your faculty sponsor will not be responsible for club planning. Their role will be to receive communications from LaunchX, to help students to build a culture of entrepreneurship, and to be present at meetings in an advising role.

Entrepreneurs have to be dedicated self-starters, so we encourage students to take the lead, guiding them with curriculum materials and trainings on how to implement these. This means no additional time out of your schedule for planning or grading—your role is to support the students as an advisor at meetings and an advocate within your school ecosystem.

What is the time commitment?

The time commitment for faculty advisors is around one hour a week. We ask that you be present at club meetings—any additional support you can offer is bonus.

Can I use LaunchX materials for my classroom?

Absolutely! We want entrepreneurship education to be available to students everywhere.

You can purchase our student workbook on Amazon—we recommend this workbook for ideas on activities for teaching entrepreneurship in your classroom. We also hold periodic teacher training courses and workshops. Get in touch with us at info@launchx.com for more information on how we can hold a workshop in your school.

Can you teach me how to teach entrepreneurship?

Yes!

You can purchase our student workbook on Amazon—we recommend this workbook for ideas on activities for teaching entrepreneurship in your classroom. We also hold periodic teacher training courses and workshops. Get in touch with us at info@launchx.com for more information on how we can hold a workshop in your school.

Online Learning

What online learning options are available?

Our online course, Becoming an Entrepreneur, is available on edX.

Is the online course only for high schoolers?

No! Becoming an Entrepreneur offers informative and engaging lessons and activities for anyone interested in exploring an entrepreneurial path, regardless of age or background.

What can I expect to learn in the course?

Becoming an Entrepreneur is an innovation and business course designed for aspiring entrepreneurs who want to explore an entrepreneurial path and overcome some of the initial challenges in taking those first steps.

From developing new business ideas and doing market research to entrepreneurial strategy and pitching, this course follows MIT’s successful approach to entrepreneurship. There will be a combination of short videos, thought-provoking case studies, and activities that will challenge you to get you away from your computer screen and into the community to make a real impact.

The course includes: Overcoming the top hurdles to starting a company Coming up with business ideas Performing market research and choosing your target customer Developing your positioning and entrepreneurial strategy Defining your goals as an entrepreneur and business, plus pitching and selling to customers

Who is the instructor for the course?

LaunchX founder and executive director, Laurie Stach, is the main instructor for the course.

How was the course curriculum developed?

The course curriculum follows the same entrepreneurship framework that we teach in our other programs. It includes proven methodologies such as Disciplined Entrepreneurship, Lean Startup, and Design Thinking.

How many people have taken the online course?

Over 150,000 students have completed this course. The course is rated 4.5/ 5 stars from 500+ reviews.

How much does the course cost?

Becoming an Entrepreneur is a free course. Verified certificates are available for purchase for $69.

Get In Touch

How can I speak to a member of the LaunchX team?

The best way to connect with a member of the LaunchX team is by emailing us: info@launchx.com.

If you have questions or concerns regarding our clubs program, you can reach us at: clubs@launchx.com.

How can I connect with LaunchX on social media?

Follow us on social media—

Facebook: /launchxed

Twitter: @launchx

Instagram: @launchxed

YouTube: /launchx

LinkedIn: /launchxed