In a presentation to the Board of Trustees on Nov. 12, Penn State President Eric J. Barron highlighted the impact of Invent Penn State and the University’s statewide economic development and job creation efforts on students and citizens across the commonwealth.
Jun 7, 2021
SoftBank created the Opportunity Fund barely a week after the murder of George Floyd. The firm committed to invest $100 million in companies led by underrepresented racial minorities, establishing the largest fund of its kind. A year later, SoftBank has already allocated half the cash and anticipates creating a second fund by year-end.
It’s far too early to tell whether the investments will be successful. The money is reaching about 50 young technology companies around the U.S. and giving them a chance to prove the merits of their businesses before going on to seek more capital from SoftBank or elsewhere.
(Bloomberg) SoftBank created the Opportunity Fund barely a week after the murder of George Floyd. The firm committed to invest $100 million in companies led by underrepresented racial minorities, establishing the largest fund of its kind.
Applying is easy deadline is Feb. 8
Image: Penn State
January 26, 2021
UNIVERSITY PARK, Pa. The 2021 Inc.U Competition application deadline is Feb. 8. Interested students may apply online. The top six student teams will pitch their startup to a panel of judges in a televised competition for a chance to win up to $30,000 in funding.
Key dates for the 2021 Inc.U Competition are as follows:
Undergraduate student entrepreneurs must submit a two-and-a-half minute video about their company to PennTAP by Feb. 8.
Top six teams will be announced on Feb. 12.
WPSU’s TV show competition, “The Investment,” will be taped April 10.
Joseph Kitonga pitched his startup, Vitable Health, during the 2019 Inc.U Competition when he was a Penn State computer engineering student. He won second place and $10,000 to build out his on-demand health care coverage company. Now, Vitable insurance covers thousands of lives, employs a team of six, and recently raised $1.5 million from investors.