inRes 2016: Frequently Asked Questions
What is the inRes Program?
short for “in Residence,” is a very early stage acceleration program
for entrepreneurial teams working in Information and Communication
Technologies (ICT), in Portugal, offered by the Carnegie Mellon Portugal
To whom it is targeted?
is targeted to entrepreneurial teams, in Portugal, who: want
to start a company and commercialize a technology; are working in solutions based on
Information and Communication Technologies (ICT); have proven
technical feasibility of their product or service; have had enough
initial interaction with their target markets and industries, to have
minimally consistent product or service and business concepts; and are
not yet established companies regularly selling their products or services.
What problems are addressed by inRes?
stage high-tech new ventures, academic spin-offs in particular, when
led by less experienced entrepreneurs, often have human and social
capital gaps. These gaps may be even more significant when these new
ventures are developing in regions with a low density of high-tech
markets and industries. Entrepreneurial teams in these contexts often
lack: specific competences for the management of early stage technology
businesses; mentoring and contacts with potential advisors; and contacts
with potential customers, partners, industry experts, and funding
sources. As a consequence, they may develop more slowly and with
inferior performance. inRes seeks to address these hurdles by providing
entrepreneurial teams a structured immersion period in Pittsburgh, in
the U.S., anchored at Carnegie Mellon University (CMU), in which they
will benefit of an environment with a high density of world-leading
research groups, as well as market and industry specialists, in a
variety of high-tech areas. The immersion focuses on: accelerating and
improving the development of the teams’ product or service and business
concepts; reinforcing the managerial capabilities required to lead an
early stage technology venture; supporting the construction and
expansion of a network of potential customers, suppliers, partners and
What is the difference between "Entrepreneurial Teams" and "inRes Teams"?
is useful to distinguish between the two teams. The entrepreneurial
team is the full group of people that are developing the startup
project. The inRes team is a subset of the entrepreneurial team that
participates in the immersion, and consists of two members. Ideally
these two members should be founders and/or leaders of the
entrepreneurial team, with the expectation of continuing to lead and
remaining strongly committed to the future development of the startup
project. Among the two, they should combine as much as possible of the
core business and technology expertise available in the entrepreneurial
What is the role of inRes teams in the program?
inRes teams participate in all the sessions organized in Portugal
during the Preparation phase, actively engaging in both workshops and
one-on-one meetings for feedback and orientation, and turning in all the
requested deliverables with appropriate quality and in a timely manner.
The inRes teams will be fulltime dedicated to inRes during sessions in
the Preparation phase in Portugal, and each member is expected to
dedicate a minimum of eight hours each week to the work that is required
between sessions and prior to the beginning of the immersion. The inRes
team is expected to be dedicated fulltime to inRes also during the
immersion period at CMU.
What is the inRes initiative looking for in a team?
inRes is looking for applications with: a strong and committed team,
capable of taking advantage of an immersion period in the US; an
ICT-based product or service, with proven technical feasibility, a clear
value proposition, and a clear competitive advantage; a product or
service that caters to a strong need, in a large market, with a
favorable competitive position; a realistic path to market; a reasonable
level of initial interactions with target markets and industries, and
minimally consistent product or service and business concepts; projects
that are not yet established regularly selling products or services.
Why a partnership with Carnegie Mellon University and the Pittsburgh Region?
is a natural step forward for the CMU Portugal Program. Since its
inception, and through its multiple initiatives in education, research
and innovation, the Program has directly contributed to the creation of
10 startups. The exposure to CMU’s innovation ecosystem,
stimulating and enabling top talent to generate and pursue
groundbreaking ideas, and transform them into viable businesses, has
been crucial in this process. In 2013, faculty and students at CMU
launched a record number of 36 new companies. CMU's main campus is
located in Pittsburgh,
the second-largest city in the U.S. Commonwealth of Pennsylvania. The
five key sectors of the Pittsburgh region’s economy are advanced
manufacturing, energy, financial and business services, healthcare and
life sciences, and information and communications technology. These
sectors create a very diverse, resilient, and predictable regional
How to submit an application?
The two team members that will participate in the inRes Initiative should submit the application form in English (word document),
on behalf of an entrepreneurial team. The application form will
identify and describe: the team and the two members that will
participate in inRes; the endorsers; the technology, product or service,
market, and business model; the development stage and path to market.
The application form, the CVs, motivation letters and a minimum of two
reference letters must be sent by email to inRes@cmuportugal.org. The deadline for submission of applications is May 16, 2016.
What is the importance of the reference letters?
application form should be submitted with two reference letters,
written by the endorsers, about the project and/or the team. The goal of
these letters is to vouch for the relevance of the project and/or the
entrepreneurial intentions, commitment and talent of the team members.