»eLeave | Faculty Entrepreneurial Leave of Absence

The “Chapman Leave: Faculty Entrepreneurial Leave of Absence”, is designed to give faculty who have entrepreneurial ideas and aspirations an opportunity to enjoy a semester free of teaching obligations with full pay in order to pursue their entrepreneurial ideas.

The inaugural eLeave will be available for the Fall semester of 2014. Applications, which need to be supported by the Dean to whom the faculty reports, are due to the Director of the Leatherby Center by Monday, December 16, 2013. The application is available via the weblink below and includes the following sections:

  • Applicant Information
  • Idea brief description
  • Investments already in business (if applicable)
  • Supporting team members & partners
  • Support Documents:
    • CV/Resume
    • Business Concept Paper*

Please note that the application cannot be saved and revisited for multiple sittings to complete, as a result, it is highly recommended to have all of your materials available when completing the application. If you would like to subsequently add materials after submitting your application, please forward them via email to launch@chapman.edu noting in the subject line: eLeave.

Go To eLeave Application

Applications will be judged on multiple dimensions such as technical feasibility, business model, market potential, scalability, and viability. The Chancellor will make the final decision on which faculty will receive the award at the recommendation of the selection committee chaired by the Director of the Leatherby Center, and composed of entrepreneurs and investors. A decision will be made by Friday, January 31, 2014.

If you have any questions, please contact the Director of the Leatherby Center Richard Sudek, Sudek@Chapman.edu, 714-744-7065.

+-More about the Business Idea Concept Paper

The Business Idea Concept Paper format is not required however it is an efficient vehicle to convey your idea and the pertinent business related decision criteria noted above. It should be a maximum of 5 pages. Suggested areas to consider are:
  • Idea and company- What is your idea? Product or service description.
  • Customer/market analysis (market size and potential market share).
  • Competitive differentiation- Advantages over direct competition and substitutes.
  • Management team and/or advisors, including relevant experience.
  • Financial highlights- Estimated revenues and costs; startup costs.
  • Funds needed and how much investment you are seeking from outside investors. 
  • The problem or need your company solves.
  • The size of the accessible market & evidence that customers will buy your product/service.
  • Your differentiation vs. competition and how you will sustain that.
  • The experience of your management team and/or advisory boards.
  • The current state of development (e.g., beta, customer trials, etc.).
  • Time frames to achieve significant revenue and/or cash flow positive.
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