Lehigh Valley LaunchBox powered by Penn State recently celebrated the achievements of local entrepreneur Kathryn C. Worrilow, founder and CEO of the health care technology company LifeAire Systems, at its annual LaunchBox Ladies Ambassadors Circle event on May 12.
Two new endowments totaling $4 million will increase economic development in western Pennsylvania through a partnership between Penn State and the Community Foundation of Western PA and Eastern OH, with support of the Sharon community. Expanding the region’s innovation, entrepreneurial and business support offerings, the endowments will establish a Penn State LaunchBox and a fund to support business owners in Sharon.
Open to the community as well as Penn State faculty, staff and students, Happy Valley LaunchBox powered by PNC Bank is now accepting applications for its four-week Virtual Idea TestLab, which is designed to help teams evaluate the viability of their business ideas by coaching them through a proven method of customer discovery and problem analysis.
WPSU-TV will televise “The Investment,” the final round of the Invent Penn State Inc.U Competition, at 9 p.m. on May 16 and again at 6 p.m. on May 21. During “The Investment,” six Penn State student startups compete for up to $30,000 in funding that will help advance their companies.
After Nathan Bonslaver graduates from Penn State Berks on May 7, he will be closing the door on one chapter while opening the door to another. Not only is Bonslaver the co-founder of CarToCamp, which provides universally fitting SUV sleeping platforms for car camping, but he also was one of six selected to participate in the Invent Penn State Summer Founders Program, a 13-week accelerator program that provides funding and resources to develop startups.
Tom Sharbaugh, professor of practice at Penn State Law and founding director of the Entrepreneur Assistance Clinic (EAC), along with his wife, Kristin R. Hayes, have stepped forward with a gift of $100,000 to support EAC student internships, which will be named in honor of outgoing Penn State President Eric J. Barron. The University will contribute a one-to-one match of the gift through the Economic Development Incentive Matching Program, yielding a $200,000 endowment.
This spring, the Penn State Small Business Development Center wrapped up the second annual cohort of its Business Plan Bootcamp. The eight-week accelerator program, sponsored by SCORE Mentors of Central PA, led participating businesses through the full journey of writing a business plan using LivePlan, a business planning, cash forecasting, and financial performance tracking tool for small businesses and startups.
Penn State students, faculty and alumni entrepreneurs joined with venture firms and startup champions from across the United States for the 2022 Invent Penn State Venture & IP Conference, held April 28-29 at the Penn Stater Hotel and Conference Center.
Illuminate Therapeutics, a game changer in the way head and neck cancers are treated, earned the grand prize cash award of $75,000 at the Invent Penn State Tech Tournament, held April 28-29 at the Penn Stater Hotel & Conference Center, during the 2022 Invent Penn State Venture & IP Conference.