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  • Office Location:
    315 Science Center
  • Mailing Address:
    Clarkson University
    Box 5535
  • Phone: 315/268-4483
10-28-2014

Clarkson University's Young Entrepreneurs and Innovators Competition Accepting Applications

Clarkson University engineering and management student Sarah Kellogg '18 is turning a project into a business with the help of the Young Entrepreneurs Program.

Sarah KelloggKellogg, from Binghamton, N.Y., began building a portable photo booth with her dad for fun before she came up with the idea to start her own business. This summer, she successfully filed for an LLC.

"Halfway through this project, I realized we could make this our own business and we can rent it out to people," she said. "Now I'm getting my name out there, and it's really starting to pick up at Clarkson."

After submitting an application detailing her business plan to Clarkson's Young Entrepreneurs and Innovators Competition, Kellogg was accepted into Clarkson's Young Entrepreneurs Program. She is now working with her mentor, Reh Center for Entrepreneurship Director of Operations Erin Draper, to make her dream a reality.

"This is a once in a lifetime opportunity to work with the mentors and work with all the resources that Clarkson has," Kellogg said.

Clarkson's annual competition allows up to five young entrepreneurs or innovators to have an opportunity to attend Clarkson through a combination of merit-based financial aid (after accounting for other aid for which the student may be eligible) and the acquisition by the University of an ownership interest in their business ventures in lieu of tuition payments.

For consideration, prospective or current Clarkson students who either are operating a business or have a commercializable innovation must apply by Jan. 30, 2015. Anyone not already enrolled at Clarkson also must apply for admission to the University. Up to 10 finalists will be selected to present their business or patentable idea to a panel of expert innovators and entrepreneurs at Clarkson.

Of those 10, up to 5 students will be chosen as Young Entrepreneurs or Young Innovators. These students remain responsible for other costs incurred in connection with attendance, including expenses such as housing, meals, books and supplies.

In addition, these students’ businesses will receive the services of the Reh Center for Entrepreneurship and/or the Shipley Center for Innovation, advice from alumni mentors, and will be offered space at no charge in the Peyton Hall incubator. The remaining finalists will also receive services from the Reh and/or Shipley Centers.

Applicants must submit a completed business plan, a 90-second-or-less video that answers the question "Who am I, outside of my business?", and a brief description of their business. Entrants will be reviewed by the staff of the Reh and Shipley Centers and/or faculty with expertise related to the proposals as necessary.

Potential applicants should be prepared to discuss a vision for their business or innovation and its feasibility.  

Sponsored by Clarkson's Reh Center for Entrepreneurship and Shipley Center for Innovation, the Young Entrepreneurs and Innovators Competition is aligned with the educational mission of Clarkson, which has a long-standing tradition of creating entrepreneurially minded business leaders who understand how to develop a successful business, harness innovative technologies and build opportunities for commercialization in the marketplace.

Applications for Clarkson's 2015 Young Innovators and Entrepreneurs Competition are now being accepted at Clarkson.edu/equity .

"I just think it's a really great program, and if anyone has an idea for a business, just go up and pitch it because you never know where it's going to go or what could happen," Kellogg said.

Clarkson University launches leaders into the global economy. One in five alumni already leads as a CEO, VP or equivalent senior executive of a company. Located just outside the Adirondack Park in Potsdam, N.Y., Clarkson is a nationally recognized research university for undergraduates with select graduate programs in signature areas of academic excellence directed toward the world’s pressing issues. Through 50 rigorous programs of study in engineering, business, arts, sciences and the health professions, the entire learning-living community spans boundaries across disciplines, nations and cultures to build powers of observation, challenge the status quo, and connect discovery and engineering innovation with enterprise.

Photo caption: Clarkson University student Sarah Kellogg '18 has started her own photo booth business with the help of the Young Entrepreneurs Program.

[A photograph for media use is available at http://www.clarkson.edu/news/photos/skellogg.jpg .]

[News directors and editors: For more information, contact Michael P. Griffin, director of News & Digital Content Services, at 315-268-6716 or mgriffin@clarkson.edu.]

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