Penn Condition Berks Announces 2021 STEM Business enterprise Concept Contest

The Penn Condition Berks Flemming Creativitiy, Entrepreneurship and Financial Progress (CEED) Center invites all Penn Point out college students, school users, modern alumni, and local community groups to submit their progressive tips in science, know-how, engineering, or arithmetic (STEM) fields to the STEM Business enterprise Notion Contest. The contest is an great setting up issue for individuals taking into consideration developing an idea into a productive organization. Candidates only require an notion to use, and apps are due by September 22, 2021.

Each finalist staff will obtain a limited education session on shopper discovery and will be suitable for a $500 seed grant to more develop their idea. The seed grant will be produced on a reimbursement basis. In addition, groups will tap into the sources of the Flemming CEED Centre, with the possible to hook up with strategic associates, business mentors, and other students who could enable to change your plan into a successful undertaking.

The selected teams will be invited to show up at the Flemming CEED Heart Purchaser Discovery Lab in spring 2022. Following finishing the Purchaser Discovery Lab, the teams will come to be qualified to receive a micro-grant of up to $3,000, which can be utilized for more shopper discovery charges. In addition, groups will be matched with committed educational and small business mentors who deliver organization expertise, information on pitch progress and funding methods, and assist with expanding a network of contacts.

The STEM Business Plan Material delivers a gateway for other STEM-similar innovation packages at Penn Point out Berks and Penn Point out College, these kinds of as VentureWell E-Group Grant Plan and Invent Penn State I-Corps. Participating teams will acquire support and coaching to apply for these two courses. Those with far more common enterprise tips are inspired to apply for the Flemming CEED Center’s University student Business Award.

For further facts, call Dr. Abdullah Konak, distinguished professor of information and facts sciences and know-how at Penn Point out Berks, at [email protected].