Slide 20 Example: Website for Penn State-affiliated Investor Opportunities – Under development; expected to be live mid-2016 Will facilitate investment in PSU affiliated companies (both larger companies and startups) Will provide a new way for Penn State to engage alumni Slide 21 Example: New Interactive Website – This slide shows the Invent Penn State homepage at invent.psu.edu Slide 22 Example: Media Opportunities – To date, 70+ positive media placements have featured Invent Penn State Slide 23 Creating Capacity/Capability to Develop Startups and Attract Companies – Drive economic development Provide flexible, low cost space Create a hub of innovation Partnerships with business/industry Slide 24 Example: Multi-year $50K Seed Grants – Designed to promote entrepreneurship in the community Awards to 6 campuses: Wilkes-Barre, Lehigh Valley, Behrend, New Kensington, Abington, Harrisburg (includes Penn State Hershey and the Dickinson School of Law) Community participation Proposals under review for the next 6 SEED Grants Slide 25 Happy Valley Launchbox Ribbon Cutting March 31 – – A no-cost business accelerator program with co-working space for entrepreneurial teams with scalable business concept On Feb. 15, five teams began 10-week business startup training program Professional consultation/research resources include: Penn Law State’s Entrepreneurial Assistance Clinic and Office of Technology Management Intellectual Property Clinic; Small Business Development Center; Farrell Center for Corporate Innovation and Entrepreneurship; PSU Libraries
Slide 20 – Example: Website for Penn State-affiliated Investor Opportunities Under development; expected to be live mid-2016 Will facilitate investment in PSU affiliated companies (both larger companies and startups) Will provide a new way for Penn State to engage alumni Slide 21 – Example: New Interactive Website This slide shows the Invent Penn State homepage at invent.psu.edu Slide 22 – Example: Media Opportunities To date, 70+ positive media placements have featured Invent Penn State Slide 23 – Creating Capacity/Capability to Develop Startups and Attract Companies Drive economic development Provide flexible, low cost space Create a hub of innovation Partnerships with business/industry Slide 24 – Example: Multi-year $50K Seed Grants Designed to promote entrepreneurship in the community Awards to 6 campuses: Wilkes-Barre, Lehigh Valley, Behrend, New Kensington, Abington, Harrisburg (includes Penn State Hershey and the Dickinson School of Law) Community participation Proposals under review for the next 6 SEED Grants Slide 25 – Happy Valley Launchbox – Ribbon Cutting March 31 A no-cost business accelerator program with co-working space for entrepreneurial teams with scalable business concept On Feb. 15, five teams began 10-week business startup training program Professional consultation/research resources include: Penn State’s Law Entrepreneurial Assistance Clinic and Office of Technology Management Intellectual Property Clinic; Small Business Development Center; Farrell Center for Corporate Innovation and Entrepreneurship; PSU Libraries