The Summer Founders program gives Penn State teams $10,000 to work on their startup, social good, or non-profit idea for the summer. The program, in partnership with Happy Valley LaunchBox powered by PNC Bank, also provides mentorship and resources to help entrepreneurs to scale their new ventures.
At least one co-founder on the team must be a Penn State student in good standing.
Students from all Penn State campuses and student scheduled to graduate May 2019 are eligible.
Founders must commit to working full-time on their venture in State College, PA for the duration of the program - May 15th through Aug 7th. Founders can not have part-time or full-time jobs/internships, or be signed up for in-residence or online classes.
Benefits of participation:
Teams have 24×7 access to the LaunchBox facility and space in one of our team rooms, with free Wi-Fi, coffee, and printing.
Participants may be eligible to receive an additional $3,000 to support customer discovery and travel expenses through Invent Penn State NSF I-Corps Site program.
Participants have access to mentors and other entrepreneurs to grow their network and accelerate their new venture.
Participants meet with other founders, local business leaders, and experts weekly over dinner to discuss their current challenges, share successes, and learn from each other.
Applications close: Feb 15th at midnight
Team interviews: Feb 25th-26th, teams will be notified via email by Feb 21st if they have been extended an interview
Teams selected and notified: Feb 27th
Kickoff team dinner: March 19th, 5:30 - 7:30 at Happy Valley LaunchBox
Weekly team dinners: May 15th through July 31st
Startup Showcase Event: Aug 7th
Chief Amplifier, Happy Valley LaunchBox, powered by PNC Bank