Lion Launch Pad - Center for Penn State Student Entrepreneurship

Pennsylvania State University, 2008 - $28,000

Lion Launch Pad started as an non-profit in Pennsylvania in 2007 designed to encourage Penn State undergraduates to innovate and be entrepreneurs as well as to assist them in realizing their goals and ideas. In 2008 the Penn State administration started working with LLP to make LLP an official center within Penn State in early 2009. LLP will become an official aspect of Penn State’s strategy to achieve their university-wide goal of fostering innovation and entrepreneurship. This grant will provide funding support to Lion Launch Pad, Center for Penn State Student Entrepreneurship to achieve objectives during its first two years of operation. LLP will combine on campus office space and a local, state, national, and international mentoring network to serve LLP’s teams. LLP will work with student teams to take concepts developed in courses into sustainable business models. LLP will also develop Penn State’s entrepreneurship community through events, programs and other opportunities all geared towards involving students. LLP will provide seed funds to LLP teams, provide start-up infrastructure support, provide support of entrepreneurial pursuits and business competitions by students and develop a tool to assess LLP mentoring services and its entrepreneurship/innovation encouragement in the Penn State community.