April 22, 2013

2 out of five $25,000 entrepreneurship awards go to Capital Region colleges

By: Pam Allen

Source: The Business Review

UAlbany’s College of Nanoscale Science and Engineering and a partnership of three local colleges each will receive $25,000 to develop entrepreneurship-in-residence programs.

The programs will enlist successful, private-sector entrepreneurs to mentor early-stage companies.

SUNY and its Research Foundation are funding the entrepreneur-in-residence program to foster new ideas and boost economic growth.

In all, five projects within the SUNY system received a total of $125,000 to develop the initiatives.

The entrepreneur-in-residence (EIR) program at the nanoscale college is under the guidance of Pradeep Haldar, vice president of clean energy programs. It will offer workshops, training programs, commercialization assistance, planning, and funding avenues for incubator-related entrepreneurship programs.

The second local EIR initiative involves The University at Albany, Hudson Valley Community College in Troy and SUNY Cobleskill. The program will drive new startup companies at the three campuses by offering the same types of programs being offered at the nanoscale college.

The project manager is Bill Brigham, director of UAlbany’s Small Business Development Center.