News
July 27
2022
FirstEnergy Foundation grant leads to more than $2M in economic benefits in PA
Over the past three years, the FirstEnergy Foundation’s grant has enabled more than 300 Penn State students to benefit from engineering design projects that support Pennsylvania small manufacturers and businesses, leading to over $2 million in economic benefits in the state.
July 21
2022
Trustees hear update on statewide impact of LaunchBox and Innovation Network
The Board of Trustees Committee on Outreach, Development and Community Relations discussed the statewide impact of the Invent Penn State LaunchBox & Innovation Network, which catalyzes economic growth and job creation throughout Pennsylvania, during its regular meeting.
July 18
2022
Virtual Idea TestLab offered for budding entrepreneurs
Aspiring entrepreneurs will have the opportunity to test the viability of their business ideas through a free, four-week Virtual Idea TestLab program offered this fall through the Penn State Wilkes-Barre IDEA Hub and Penn State Hazleton and Penn State Lehigh Valley LaunchBoxes.
July 08
2022
Penn State’s general support funding remains flat for third consecutive year
Penn State’s general support appropriation will remain level for the third consecutive year, as the Pennsylvania General Assembly approved the University’s nonpreferred appropriations bill on July 7 as part of the commonwealth’s 2022-23 budget. The $42.7 billion budget package, which has been signed into law by Gov. Tom Wolf, also includes a 5% funding increase for Penn State Agricultural Research and Extension and $2.35 million in new funding for Invent Penn State.
July 08
2022
$50,000 endowment for innovation established with the help of Gasbarre Products
Gasbarre Products, a longtime partner and friend of Penn State DuBois, continues to invest in regional innovation with the establishment of the Gasbarre Products LaunchBox Endowment in support of the North Central PA LaunchBox powered by Penn State DuBois.
July 07
2022
$50,000 Miller Fabrications Solutions LaunchBox Endowment established
After touring the North Central PA LaunchBox powered by Penn State DuBois and visiting the Idea Lab on the Penn State DuBois campus, Dave Miller, Miller Fabrication Solutions’ chairman of the board, established the Miller Fabrication Solutions Endowment.
July 01
2022
Penn State Altoona offers Business Bootcamp 2022
The Business Bootcamp is open to entrepreneurs in all development stages and will provide resources and education to help turn ideas into successful businesses.
June 30
2022
Health tech startup founder, alum Swatee Surve speaks on Dare to Disrupt
In the eighth episode of Invent Penn State’s “Dare to Disrupt” podcast, host Ryan Newman interviews Litesprite founder Swatee Surve, who received her master of science in mechanical engineering degree in control systems and biomechanics from Penn State in 1998.
June 29
2022
Startup Control LTD wins $10,000 in TechCelerator pitch event
Control LTD won the $10,000 first-place prize in the Ben Franklin Technology Partners TechCelerator @ State College virtual pitch event.
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