2013 AICUP Spring Institute - Juniata College, Center for Entrepreneurial Leadership

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  • 2013 AICUP Spring Institute - Juniata College, Center for Entrepreneurial Leadership

    1. 1. 1
    2. 2. An experiential learning program basedon cultivating entrepreneurial thought andpractice by students and facultythroughout all disciplines.What is JCEL?2
    3. 3. JCEL’s Main ComponentsAcademic TechnicalSeed Capital Fund Incubator Space 3
    4. 4. Academic ServicesEntrepreneurship Curriculum• New Venture Creation• New Venture Start-Up• Intro to Entrepreneurship• Entrepreneurship• Entrepreneurial Creative Thinking• Social EntrepreneurshipVisiting EntrepreneursInternships4
    5. 5. Technical AssistanceFast Start – “Get advice to develop your concept”Technical assistance/counseling to help refine your business idea Mentoring - help you develop your business abstract Position you for a Next Step GrantNext Step – “Get PAID to develop your idea” Turn your business concept into a business plan Complete legal structure / begin developing market share Up to $ 1,300 support per student $ 800 wages & $ 500 start-up expenses5
    6. 6. Student Seed Capital FundEquity Investment Up to $15,000 per student business Business located in Huntingdon County Approvals by the Student Seed Capital committeeLoan AgreementUp to $5,000 per student business Interest fixed at 4%; begins to accrue when loan is made Six month grace period, followed by up to 60 month pay-off6
    7. 7. Student Seed Capital FundRecipientsTechno-Mango, LLC7Weazel, LLC
    8. 8. Sill Business IncubatorTwo Kinds of Space –> Short-term (typically 3-months to 3-years) “Hotel” cubicle office space- Meant for start-up companies just beginning operations- Need immediate access to business administration tools(computer, copier, fax, scanner, file storage, etc.)- Lease for as little as $60 per month (five days use per single).> Long-term space (typically 6-months to 5-years) or “Dedicated Space”- Meant for young companies generating reasonable cash-flow- Ten suites and one wet lab- Spaces ranging in size from 168 to 713 square feet- Lease rates from $230 to $1,100 per month, gross8
    9. 9. Sill Business Incubator – Hotel SpaceBaxterStudioHotelSpaceAdministrativeOfficesLobby andConference Rooms9
    10. 10. Sill Business Incubator – Dedicated Space10
    11. 11. Economic DevelopmentJCEL PartnersPrivate Donors - AlumniAppalachian Regional CommissionBen Franklin Technology PArtnersColeman FoundationHuntingdon County Business and IndustryJuniata College Alumni and FriendsPennsylvania Department of Community andEconomic Development (DCED)Southern Alleghenies Planning & DevelopmentCommission (SAP&DC)United States Department of Agriculture11
    12. 12. 12Entrepreneurial Outcomes85 Student run businesses since 200440 Equity/Loan Requests from SSC Fund4 Currently operating from JCEL4 Successfully sold3 Alumni of the program running different businesstoday than when they were here
    13. 13. 13Entrepreneurial OutcomesPlans/Progress•Student EntrepreneursBootcamp•Part of Economic Committees –Main Street/PEP•Coleman Fellows•New Curriculum•NBIAIssue/Concerns• Lifestyle vs. High Growth• Wet Lab• Transition of Program• Location
    14. 14. Feel free to contact me at814.641.3735anderst@juniata.eduor check out our website atwww.juniata.edu/jcel14

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