Accelerate your startup’s growth by taking part in the 2023 Founder Residency
Bring your tech-based, big-impact idea to life in Portland, Maine.
Program Details
You have a great idea — one you’re sure will significantly change the way people work and live. But what about the time, funding, and guidance to bring it to life? That’s what the Roux Institute at Northeastern University’s Venture Creation & Acceleration platform is all about. The one-year program supports high-growth technology ventures and founders who are out to solve the world’s most pressing challenges related to software, hardware, advanced supply chain, advanced manufacturing, biotech, and computational medicine.
Be one of 10 early-stage startups to join the Roux Institute and surround yourself with the talent, mentorship, and access to capital you need to drive growth. As part of our mission to create a diverse and equitable start-up ecosystem in Maine, we offer this residency specifically for women, people of color, LGBTQ+, and other historically marginalized people. The Roux Institute aligns with the definition of women and female that explicitly includes trans women and femme/feminine-identifying genderqueer and non-binary individuals.
Our program combines a “first-in” capital investment in each company, with curated programming, mentorship, joint research opportunities, a network of expert advisors, and a peer community.
Founders have access to Northeastern’s global network of mentors and investors along with researchers, academics, and students in the fields of artificial intelligence, computer and data sciences, digital engineering, advanced life sciences, and medicine.
Imagine where comprehensive support from the Roux Institute could take your venture in a year!
Working with The Roux Institute has provided us with the invaluable opportunity to meet and network with other founders, as well as stakeholders in the broader Portland tech community.”
SUSANNA PHO
Co-Founder, Forerunner
Important Dates
Applications for the September 2023 cohort are now open.
September 2023 Cohort
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Application Opens
March 13, 2023
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Application Closes
April 30, 2023
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Program Start Date
September 2023
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Program End Date
August 2024
Life at its best
Why choose between a great place to work and a beautiful place to live? Maine offers the best of both worlds. Take advantage of this thriving innovation economy, with the ocean, mountains, world-class restaurants, and arts in your backyard.
Plug in and thrive
Located in Portland, Maine, the Roux Institute is a hub of Northeastern University’s global network. We’re home to pre-eminent experts in the fields of artificial intelligence, computer and data sciences, digital engineering, advanced life sciences, and medicine.
Through the Founder Residency, startups enjoy having access to investors, joint research opportunities, and mentorship from our experts and researchers, as well as the ability to recruit from our vast talent network of students and graduates.
Our year-long residency includes three phases. Founders have access to the Roux Institute’s Portland campus throughout the program.
Expect to spend 15 to 20 hours per week on campus during this short but intense period.
- Meet potential mentors through our unique matching process.
- Assemble a team of three lead mentors for your venture.
- Take part in team-building exercises with other founders in your cohort.
- Learn about the many resources offered by Northeastern, the Roux Institute, and the founder residency.
During the first three months, you’ll work with your mentors and attend workshops designed to advance your venture. Expect to commit six to eight hours a week.
- Meet with your mentor team for one hour per week.
- Attend two to three hours of workshops per week.
- Meet with subject-matter experts for one hour per week.
- Participate in team-building and program events.
Expect to work full-time during the final phase of your residency, with about an hour or two each week devoted to program meetings. To help you stay on track, you’ll meet with your mentor team bi-weekly or monthly. Your program team will connect you with additional resources as needed. This is also the time we work with companies to raise appropriate outside capital to help you continue to grow your venture. This is typically a seed equity round, but there are other financing options as well.
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Mentorship
Tap Northeastern University’s global network of startup advisors, founders, and subject matter experts to turbo-charge growth.
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Living Stipend
Use $25,000 in non-dilutive grant funding to focus on building your venture full-time.
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Peer Community
Join the Roux Institute’s network of 35+ portfolio companies for guidance that helps you solve routine issues fast.
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Programming
Get up to speed on product-market fit, fundraising, design thinking, legal advice, and more, with leading subject matter experts and programs designed to help you succeed.
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Workspace
Get inspired by the Roux Institute’s cutting-edge, open-concept campus in downtown Portland, surrounded by top researchers and experts in AI, life sciences, and data visualization.
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Extra Benefits
Enjoy access to over $300,000 in credits and discounts from our partners at AWS, Google, Mixpanel and more.
Lead Sponsor
FAQs
We work with Founders who are at the earliest stages of their entrepreneurial journey. The Founder Residency is for people with ideas or technology that have some level of market and/or technical validation. Our goal is to let you work full-time on your venture and give you the tools you need to accelerate your growth.
No. We source applicants from across the globe through a competitive process. However, the Residency is located in Maine, and we expect founders in the program to be stationed at the Roux Institute’s Innovation Hub in Portland, ME for the duration of the program. We believe Maine is the best place in the world to start and run a business.
Yes. The Founder Residency is for founders with ideas or technology that have at least a basic level of market and/or technical validation. Our goal is to support you as you work full-time on your venture and give you the tools you need to accelerate growth.
We support founders with the desire and idea or technology to create a scalable technology-based business that could have a meaningful impact for millions. We prefer ventures that utilize technology aligned with the Roux Institute’s core focus areas — artificial intelligence, computer and data sciences, digital engineering, advanced life sciences, and medicine.
Yes. We support for-profit ventures, non-profit ventures, and every venture in between. As long as your idea uses technology and has potential to drive significant change as outlined above, we’ll consider it.
Yes. For each of our 10 program spaces, we welcome up to three founders per startup to join us for 12 months.
Get in Touch
Interested in the Roux Institute Founder Residency? Please complete this form and our team will contact you with more information.