As a part of Kogod Sustainable Entrepreneurship and Innovation Initiative, American University unveiled its new on-campus incubator. This program is designed for helping American University students and recent alumni in establishing successful both profit and non-profit entrepreneurship, and developing an entrepreneurial mindset, as well as necessary knowledge, skills and experience. The mission of this program is to support and turn innovative ideas into meaningful research and early stage ventures.
How does it work?
Students and recent alumni will be provided with workspace and mentors, networking and educational opportunities, and accessible resources to achieve their ideas for either profit or non-profit entrepreneurship. The incubator is also awarding a $1,500 grant to each business team for parts of the initial start-up costs. Moreover, companies that are beyond the early stage and begin to show traction will be eligible to apply for $100,000 Entrepreneurship Venture Fund, for seed capital.
>> Click here to read the article by the Washington Post
Josie Fan is the Communications & Event Planning Intern at the Global Business School Network.