Blue Bell, Pa.—This spring, the Montgomery County Community College (MCCC) Foundation and the College’s Division of Business and Entrepreneurial Initiatives will pilot an exciting program designed to support and mentor aspiring entrepreneurs.
The Karen A. Stout Start-Up Accelerator Fund, named after MCCC President Emerita Karen Stout, will allow qualifying entrepreneurs to compete for cash awards to help them launch or grow their business ventures. The pilot is funded by a generous, anonymous donation up to $100,000, which will be used to fund cash awards in May and October.
“The Start-Up Accelerator Fund is designed to assist those entrepreneurs who are ready to launch their ventures, but who don’t have viable access to other funding sources,” explained Philip Needles, interim vice president of student affairs, who is overseeing the program. “It’s open to all entrepreneurs in the region, and we especially invite military veterans and participants from MCCC’s Women-Owned Business Network and Certificate in Entrepreneurship program to apply.”
Interested entrepreneurs should submit their business plans online at mc3.edu/startup by March 30, 2016. Qualifying applicants will then be invited pitch their business concepts to a review team at MCCC’s Central Campus, 340 DeKalb Pike, Blue Bell, in May.
Select entrepreneurs will be awarded between $1,000 and $20,000 to help launch their business ventures. Those recipients will work with MCCC’s Center for Entrepreneurial Studies and community mentors to set key milestones and deliverables and to monitor progress and outcomes.
MCCC will offer second round of funding in October to complete the pilot year. For information, visit mc3.edu/startup.