KENT, Ohio -- Kent State University’s College of Business Administration is launching a chapter of the Northeast Ohio Student Venture Fund. Kent State will become the first college to partner with the organization.
“This offers unique educational opportunities to students interested in entrepreneurship and venture financing," said Sergey Anokhin, interiim director of the Center for Entrepreneurship and Business Innovation at Kent State’s College of Business Administration.
The fund is a student-run, independent, nonprofit 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,” said Deborah F. Spake, dean of Kent State’s College of Business Administration.
The 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,” said 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 call Mary Heidler, manager for the Center for Entrepreneurship and Business Innovation, at 330 672 9430.
For more information about Kent State’s Center for Entrepreneurship and Business Innovation or Kent State’s College of Business Administration, visit this website.
Published by The Business Journal, Youngstown, Ohio.
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