Launched in fall 2017, the Ignition Lab is a team-based experiential learning program for Pratt’s aspiring entrepreneurs. Accepted participants take part in a seven-month intensive program that exposes them to the practices of creating a startup with guidance from and access to an Entrepreneur in Residence, diverse mentors with expertise in various facets of entrepreneurship, and speakers known around the world for their startup success. Working in a team, participants attend six workshop sessions to build the foundational knowledge to launch a business. Theory is put into practice as each team develops a business plan around a viable product which they pitch to a panel of entrepreneurship luminaries at the conclusion of the program.
Participants are expected to attend six workshop sessions from 12 to 3 PM on Saturdays:
- 2017 – September 30, November 4
- 2018 – February 3 & 24, March 24, April 14
- Session II, November 4, 2017: Teams present their business idea and findings based on 30 customer validation interviews.
- Session III, February 3, 2018: Teams present their findings based on additional customer interviews.
- Session IV, March 24, 2018: Teams practice their pitch presentation, and present their product prototype and a two-minute video.
At the conclusion of the program each team will pitch their business plan/product in spring 2018. A committee will select a winning team.
Key Roles and Resources
Each team will have access to course instructors, mentors, and other advisors to assist them through the process.
- Program Instructors will manage all program components, deliver instruction, and be available to offer guidance.
- Mentors will be introduced during Session II and assigned to each team.
- Guest Speakers from various entrepreneurial fields will give a presentation during each session.
- Selection Committee composed of industry professionals, venture capitalists, and entrepreneurship experts will evaluate and select the winning team at the final Pitch Competition.
Application and Eligibility
Applications must be submitted by teams comprised of at least two but no more than five people. Participants must be either a current student or alumni who completed a degree program at Pratt. The Ignition Lab is a non-credit opportunity sponsored by the CCPD, and participation is voluntary. All team members must be committed to carry out their share of the deliverables, attend every session, and agree to the terms of the program. Teams must remain intact throughout the 7-month period.
Applications for the 2017/2018 Ignition Lab program are no longer being accepted. Applications for the 2018/2019 cycle will be accepted in summer 2018.