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Clarkson University School of Business provides students opportunity for startup funding

Posted 1/4/22

POTSDAM — Clarkson University’s David D. Reh School of Business again this year provided all first-year business students with access to a panel of guest reviewers with a chance to get real …

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Clarkson University School of Business provides students opportunity for startup funding

Posted

POTSDAM — Clarkson University’s David D. Reh School of Business again this year provided all first-year business students with access to a panel of guest reviewers with a chance to get real startup funding for their new ventures.

This year, nine innovative ideas were presented to a panel of four experienced investors. The guest venture fund managers reviewed presentations demonstrating that a market existed for the concept and that sound financial assessment supported the request for startup capital. Students who choose to continue with the program will have the opportunity to use funds that were allocated to launch the concept in the spring semester.

The School of Business will provide up to $20,000 for seven startups.

The concepts that were funded this year include:

· A custom-designed stuffed animal that provides support to children with autism and those who struggle with anxiety.

· A summer hockey camp focusing on developing both the athlete and the student.

· A recovery device designed to provide hands-free therapy for athletes with muscle strain.

· The reopening of a popular coffee shop on campus.

· A bakery providing hand-crafted products for a variety of campus locations.

· An innovation designed to assist rodeo competitors.

· A company selling branded clothing in support of student emergency funding needs.

Two concepts that were not initially funded but will have the opportunity to request funding after revisions include a competitive golf game and a healthier energy drink.