inRes 2017: Frequently Asked Questions
What is the inRes Program?
inRes, 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 Program.
To whom it is targeted?
inRes 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?
Early 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 advisors.
What is the difference between "Entrepreneurial Teams" and "inRes Teams"?
It 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 team.
What is the role of inRes teams in the program?
The 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
What is the inRes initiative looking for in a team?
The 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?
inRes 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
How to submit an application?
two team members that will participate in the inRes Initiative should submit
the application form in English (see Application and Selection), 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
What is the importance of the reference letters?
The 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.