the cohort model

cohort the model

This year we introduced the first-ever ‘cohort model’ to support our ventures. The cohort model is a Ready stage program where founders at a similar stage were grouped together while moving through the venture-building process at IDEA.

The cohort model has 3 primary objectives: 1. Increase sense of community between ventures 2. Increase speed when moving through the IDEA venture building process 3. Exposure to venture building resources at IDEA, Northeastern, and the Boston venture ecosystem

For the 1st Cohort we had 13 ventures and the program ran for 6 weeks with 5 live virtual sessions. These sessions included: • 10+ Mosaic community representatives • 2 Go Stage ventures from IDEA • 2 members of the Boston entrepreneurship ecosystem joining from Glasswing Ventures and MassMutual Ventures

cohort

Within these 6 weeks, 4 of the 13 cohort founders moved from Ready to Set Stage, and an even higher percentage of ventures moved from a New Venture Information Session to Ready Stage, and finally to Pitch for Set Stage.

With the 1st cohort model being a success and our team getting plenty of feedback, next year the program will become a core part of the Ready Stage and we will aim to run the cohort model in a repetitive and quicker format with a new cohort taking place every month.