Frequently Asked Questions

Answers

Can there be non-University of Guelph members on my team?

Yes, as long as there is at least one co-founder who is a full-time U of G student OR a U of G alumnus.

Can University of Guelph alumni apply?

Yes, U of G alumni are eligible so long as they are a co-founder.

Do I have to repay the grant?

No, this is grant and not a loan. We ask that you spend the money responsibly and best utilize it to grow your enterprise. We do check to ensure the money is spent appropriately.

Do I need to have an enterprise or an idea for an enterprise in order to apply for the Hub?

Yes. Students or alumni must have a well-thought out, but unproven new venture idea.

Does this count as a capstone elective?

The MCS major accepts MGMT*4050 and MGMT*4060 as a restricted elective that can count towards the E7 capstone credit. If you are from another major, please check in with your faculty advisor.

How do I apply for the Hub?

Apply using our online application.

How does the Hub work?

The Hub helps students and alumni with an existing enterprise or an idea for an enterprise progress through the initial stages of a start-up, specifically the discovery and validation stages. Participants will utilize their time at the Hub discovering whether or not their enterprise is solving a meaningful problem and validating their enterprise by gauging interest through the exchange of money or attention from their target market.

Is the Hub only available to University of Guelph students?

No, the Hub is also available to co-founders who are U of G alumni. For students, there must be at least one co-founder who is a full-time UofG student in order to qualify for the Hub.

Is there an exam?

There are no exams, but don't take this course simply for that reason. This course is a rich and rewarding experience to gain practical experience, but it also requires a considerable amount of time and effort.

What are the key skills I will take away from this course?

Different people/groups will take away different skills based on their project, but here are a few you will definitely gain: conceptualization, organization, time management, teamwork, leadership, creativity, problem solving, client management, communication, critical thinking and presentation skills. Ultimately, the more you put into the course, the more you will receive back.

What can I expect from the Business Consulting course?
  • Expect to gain valuable “real world” experience through the generation of feasible solutions to real problems facing real organizations
  • Expect to apply your business knowledge foundation.
  • Expect to work with a team of driven students.
  • Expect to gain hands on experience that will be invaluable when you head out into the “real world.” 
  • Expect to meet like minded individuals.
  • Expect to be creative and problem solve.
  • Expect to develop your teamwork, project management and leadership skills. 
  • Expect to help your community. 
  • Expect to learn valuable skills from working in a practical setting. 
  • Expect to make a measurable contribution to a business in your community while earning credit for it. 
What happens if my enterprise isn't successful?

Unfortunately, a high percentage of start-ups fail. If you tried valiantly and worked hard, we will completely understand. You learn from your failures and become better prepared for future opportunities.

What if I don't meet the basic eligibility requirements?

While preference is given to students who meet the requirements, we are willing to make exceptions if you are able to provide evidence to showcase your skills and knowledge (i.e., extra-curricular activities, work experience, entrepreneurial experience, etc).

What is the Business Consulting course? How is it structured?

MGMT*4050/4060 is a live and fluid project-based course that engages students with challenges facing community organizations. Project requirements will vary based on the needs of the assigned business. Course activities include group work, meetings with your client, research, progress meetings, reports and presentations. This course relies heavily on commitment and participation by students and expects students treat the course like they would a business environment in the “real world”. The weekly allotted class time is used for weekly 15 minute updates and we meet as a class four times for collaborative sessions.

Students work as consultants in interdisciplinary teams of 2-­4 to investigate and propose sustainable solutions to live cases put forth by real-world clients. There is a midterm presentation and report and a final presentation and report. There are no exams.

What types of projects are available?

Projects can entail anything that falls into the realm of the University of Guelph. Whether it be designing a sustainable business model, conducting a live case study that ties in industry research, market research,or developing a social media marketing strategy.

Where is the Hub located?

The Hub is located on the University of Guelph campus, in the J.D. MacLachlan building.

Who is eligible to apply?

High performing 3rd/4th year students from all disciplines who are ready and willing to challenge the status quo. Students must have a minimum GPA of 70 and at least 10 credits. Although B.Comm. students represent the majority of enrollment, we welcome students from all fields of study at the University of Guelph.

Why should I take this course?

The Business Consulting course allows students to step outside of academia and put their knowledge to use. You will gain practical real-world experience to put on your resume. In job interviews you can speak to your completed consulting project which will certainly impress prospective employers. Heck, you might even land a job with the client you are paired with during the course. It has happened before.