Kent State’s Center for Entrepreneurship and Business Innovation Partners With Northeast Ohio Student Venture FundPosted April 28, 2014
Kent State University’s College of Business Administration is launching a chapter of the Northeast Ohio Student Venture Fund, becoming the first college to partner with the organization.
“We are excited to establish the Kent State University chapter of the Northeast Ohio Student Venture Fund," says Sergey Anokhin, Ph.D., interim director of the Center for Entrepreneurship and Business Innovation at Kent State’s College of Business Administration. This offers unique educational opportunities to students interested in entrepreneurship and venture financing.”
The Northeast Ohio Student Venture Fund is a student-run, independent, not-for-profit organization supported by the University of Akron Research Foundation. It gives students a chance to go through the process of choosing high-tech and innovative startup investments.
“The opportunity to host a Northeast Ohio Student Venture Fund chapter at the College of Business Administration fits with the Center for Entrepreneurship and Business Innovation’s outreach mission and benefits both Kent State students and entrepreneurs in our region,” says Deborah F. Spake, Ph.D., dean of the College of Business Administration.
The Northeast Ohio Student Venture Fund was recently awarded $125,000 by the Burton D. Morgan Foundation, matching the funds provided through the Ohio Third Frontier Commission’s Pre-seed Fund Capitalization Program, giving students a total of $250,000 to invest in companies that meet the State of Ohio’s definition of its primary industries of focus.
“Kent State University's participation is instrumental in making the Northeast Ohio Student Venture Fund operational and successful since funding was contingent on other universities creating their own chapters to expand opportunities to as many students in the region as possible,” says John Myers, vice president of the fund and Kent State alumnus.
The search will begin soon for student managers. Those selected will begin working as a team at the start of the Fall 2014 Semester. Interested students should contact Mary Heidler, manager for the Center for Entrepreneurship and Business Innovation, at 330-672-9430.
For more information about the Center for Entrepreneurship and Business Innovation or the College of Business Administration, visit www.kent.edu/business.