SHARON, Pa. (WYTV)— Penn State Shenango is the recipient of a $50,000 seed grant through the Invent Penn State initiative to expand entrepreneurial endeavors.
Invent Penn State is a Commonwealth-wide initiative that blends entrepreneurship-focused academic programs, business startup training and incubation, funding and key regional partnerships.
The grant will help fund Penn State Shenango’s VenturePointe, a new entrepreneurial incubator which will cultivate start-up resources for students who are interested in both not-for-profit agencies and for-profit businesses. The incubator also will invest in economic development.
This new, student entrepreneurial resource center will be located in the eCenter@LindentPointe and will include space for networking, faculty experts, collaborating with the eCenter’s leadership, establishing internships and enhancing technology by creating a Maker’s Studio with 3Dprinting capabilities.
“We were delighted to learn that we were chosen to receive this grant,” said Jo Anne Carrick, campus director and chief academic officer at Penn State Shenango. “With this funding, we will be able to provide student entrepreneurs the facilities, equipment, and mentorship necessary for success. We look forward to working with the eCenter@LindenPointe to capitalize on their offerings, while bringing our faculty’s expertise to these entrepreneurial student teams.”
Shenango students who have established a new agency as part of their upper-level human development and family studies course requirement and are interested in turning their projects into actual agencies will be among the first students to participate in VenturePointe. Penn State Shenango business students will also have an opportunity to participate.
“VenturePointe is a great model for a partnership between a college and an incubator; students can develop their ideas for new businesses while in school and then implement their business plans with the help of our resources in the real world,” said Ketaki Desai, executive director of LindenPointe Development Corporation. “This is a key step towards building an ecosystem of innovation and entrepreneurship in our region, and we are very excited to start this new partnership with Penn State Shenango.”