Published January 30, 2014
Earning an "A" at the end of a college course is nice. But $8,000 is even better.
A dozen UB classmates enrolled in Entrepreneurship Lab (eLab), a small business boot camp for students, recently pitched their startups to a panel of local business leaders and investors.
The winners received a Student Entrepreneur Fellowship: $5,000-$8,000 in seed funding, mentorship and shared space in the UB Technology Incubator. While all students did not receive a fellowship, they did finish with three credits toward graduation and invaluable experience.
eLab is not your traditional course. Open to both undergraduate and graduate students, the class accelerates the startup process for participants who already have promising entrepreneurial ideas. Students spent three weeks during UB’s Winter Session fine-tuning their business pitches, engaging potential customers and sizing up target markets.
Fellows are encouraged to enter the Henry A. Panasci Technology Entrepreneurship Competition, business plan contest sponsored by the School of Management and Office of Science, Technology Transfer and Economic Outreach (STOR) that helps fund UB student startups. Panasci winners receive $25,000 in seed funding, business services and office space.
The six Student Entrepreneur Fellowship winners are:
The course is a joint effort among UB’s School of Management, STOR and the Entrepreneurship Academy.