The Entrepreneurship Foundation
2015 Spring Connecticut New Venture CompetitionGateway Community College
New Haven, CT
Friday, April 24, 2015 1:00 PM - 4:00 PM
The program is intended to part of the educational process. Students receive feedback on their concepts, plans and presentations throughout the process that culminates with the awarding of start-up grants to the most promising concepts. In keeping with the educational theme, the Foundation provides training for the professors, teacher guides and student texts on business planning and financing. Each year over 100 business plans are submitted by students.
The purpose of the program extends beyond assisting students and universities launch worthy enterprises. The competition also contributes to economic development through old-fashioned bootstrapping and helps to stem the brain drainby providing a more nurturing environment for graduates to start their businesses in Connecticut.
The competition was founded as a result of a survey conducted among venture capitalists to discover why there was a net outflow of capital from Connecticut. We were told that it was because Connecticut lacked an entrepreneurial culture. The ultimate mission of the program is for Connecticut investors to see a greater number of local high-quality plans so that more deals get done, more jobs are created, and more good ideas to improve quality of life actually make it to market.
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