The Penn State Berks Flemming Creativitiy, Entrepreneurship and Financial Growth (CEED) Middle invitations all Penn Point out learners, school users, current alumni, and community groups to submit their ground breaking ideas in science, technologies, engineering, or mathematics (STEM) fields to the STEM Company Thought Contest. The contest is an outstanding setting up place for these contemplating acquiring an plan into a effective business enterprise. Candidates only need to have an idea to utilize, and applications are thanks by September 22, 2021.

Each and every finalist group will get a short coaching session on customer discovery and will be eligible for a $500 seed grant to even more build their plan. The seed grant will be produced on a reimbursement foundation. In addition, teams will tap into the assets of the Flemming CEED Middle, with the opportunity to connect with strategic companions, small business mentors, and other college students who could help to flip your concept into a thriving venture.

The selected teams will be invited to show up at the Flemming CEED Center Purchaser Discovery Lab in spring 2022. Soon after finishing the Purchaser Discovery Lab, the groups will turn into eligible to get a micro-grant of up to $3,000, which can be utilised for further consumer discovery expenditures. In addition, groups will be matched with focused tutorial and organization mentors who supply small business know-how, advice on pitch advancement and funding tactics, and aid with escalating a community of contacts.

The STEM Enterprise Notion Information gives a gateway for other STEM-associated innovation programs at Penn State Berks and Penn State College, these types of as VentureWell E-Crew Grant Method and Invent Penn State I-Corps. Participating teams will receive guidance and coaching to apply for these two plans. Those people with additional basic business enterprise ideas are encouraged to apply for the Flemming CEED Center’s College student Business Award.

For extra data, make contact with Dr. Abdullah Konak, distinguished professor of data sciences and know-how at Penn Condition Berks, at [email protected].