News Column

United States : Corbett Administration Awards Grant to Gannon University for Regional Entrepreneurship Programming

June 21, 2014

Continuing to advance Governor Corbett s JOBS1st PA initiative, Department of Community and Economic Development Secretary C. Alan Walker today announced the award of a Discovered in PA Developed in PA grant to help launch the Integrated Business Transformation program which is designed to fast track the creation and development of technology-enabled businesses in Northwest Pennsylvania.

Providing students and entrepreneurs with the tools they need to succeed is an investment in developing the next generation of job creators, Walker said. Entrepreneurs in Northwest Pennsylvania will have key tools and resources through the Integrated Business Transformation program to not only establish their business, but to thrive once they do so.

Supporting the governor s JOBS1stPA, Make It in PA initiative, Gannon University was awarded a $520,878 Discovered in PA Developed in PA (D2PA) grant to support the Integrated Business Transformation (IBT) program.

Gannon University s Erie Technology Incubator, Small Business Development Center and College of Engineering and Business have partnered to launch IBT, a collaboration of business development organizations designed to fast track the creation and development of technology-enabled businesses.

The Integrated Business Transformation program will support the vital synergy between key regional partners that is essential to the success of today s technology-driven entrepreneurs, businesses and our economy. Providing resources and the environment for learning and growth within Gannon University s new Center for Business Ingenuity, will not only accelerate existing businesses, but also inspire the next generation of leaders through student engagement, added Gannon University President Dr. Keith Taylor.

The program will build upon the best practices of successful technology accelerator programs through a combination of training and mentoring, micro-financing, support from the business school analytic teams, along with the technical assistance of the staff and resources of existing business development organizations uniquely familiar with the resources and economic environment of Northwest Pennsylvania.

Central to the program is the Technology Business Accelerator, an 8-week course for current and prospective entrepreneurs seeking a practical, intensive learning experience to stress test their ideas and their willingness to move forward with a business launch or an acceleration of their current enterprise. A microloan program for entrepreneurs is another component that will be introduced further along in the IBT initiative.

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Source: TendersInfo (India)

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