STATE COLLEGE — The TechCelerator Model works. Just ask any one of the nearly 100 companies that have successfully launched creating nearly 200 jobs and generating more than $14 million in revenue using this model.
Have you ever wondered what it would take run your own startup?
Ben Franklin’s TechCelerator@State College is inviting local entrepreneurs, students, professors and university researchers to participate in the next 10-Week Business Startup Accelerator, according to a press release. The weekly sessions will run from March 19 to May 14 from 2 to 5 p.m. One-hour mentoring and coaching will also be provided each week. A graduation “pitch” event will take place on May 21.
The TechCelerator provides up to $1,000 toward startup costs plus the chance to pitch a business idea to a panel of entrepreneurs at the completion of the course. The top team will receive $10,000 in seed funding to help get its business off the ground.
Business mentoring from Ben Franklin’s Transformation Business Services Network and Penn State’s Small Business Development Center staff will also be available free of charge. Those participating come away from this experience with a viable business model, a list of networking contacts and the confidence that comes from knowing if it’s the right time for them to start their own tech-business — or not.
Space is limited. Contact Bob Dornich at (814) 865-7332 for more information. The deadline for applications is March 6.
The Ben Franklin TechCelerator@ State College is a partnership designed to offer the region’s entrepreneurs, students, faculty members, and small business owners designated space, loan and investment programs, business support and mentoring services and entrepreneurial training all housed in one location. This innovative, one-stop-shop approach to business incubation will encourage an entrepreneurial climate, increase technology transfer opportunities and help develop a robust “startup” culture in State College and the surrounding area.