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01-06-2016

Clarkson University Seeks Young Entrepreneurs and Innovators for Annual Competition

Clarkson University is seeking applications for its 2016 Young Innovators and Entrepreneurs Competition.

Reh InternsClarkson's annual competition allows up to five young entrepreneurs or innovators to have an opportunity to attend Clarkson without tuition through a combination of merit-based financial aid (after accounting for other aid for which the student may be eligible) and the acquisition by the University of an ownership interest in their business ventures.

Applications for the 2016 Young Innovators and Entrepreneurs Competition are now being accepted at clarkson.edu/equity .

For consideration, prospective students who either are operating a business or have a commercializable innovation must apply by Jan. 15. Program applicants also must apply for admission to the University. Up to 10 finalists will be selected to present their business or patentable idea to a panel of expert innovators and entrepreneurs at Clarkson.

Of those 10, up to five students will be chosen as Young Entrepreneurs or Young Innovators. These students remain responsible for other costs incurred in connection with attendance, including expenses such as housing, meals, books and supplies.

In addition, these students’ businesses will receive the services of the Reh Center for Entrepreneurship and/or the Shipley Center for Innovation, advice from alumni mentors, and will be offered space at no charge in the Peyton Hall incubator. The remaining finalists will also receive services from the Reh and/or Shipley Centers.

Applicants must submit a completed business plan, a 90-second-or-less video that answers the question "Who am I, outside of my business?" and a brief description of their business. Entrants will be reviewed by the staff of the Reh and Shipley Centers and/or faculty with expertise related to the proposals as necessary.

Potential applicants should be prepared to discuss a vision for their business or innovation and its feasibility.  

Sponsored by Clarkson's Reh Center for Entrepreneurship and Shipley Center for Innovation, the Young Entrepreneurs and Innovators program was featured in Money Magazine as a strategy for paying for college. It is aligned with the educational mission of Clarkson, which has a long-standing tradition of creating entrepreneurially minded business leaders who understand how to develop a successful business, harness innovative technologies and build opportunities for commercialization in the marketplace.

Clarkson University launches leaders into the global economy. One in five alumni already leads as a CEO, VP or equivalent senior executive of a company. Located just outside the Adirondack Park in Potsdam, N.Y., Clarkson is a nationally recognized research university for undergraduates with select graduate programs in signature areas of academic excellence directed toward the world’s pressing issues. Through 50 rigorous programs of study in engineering, business, arts, sciences and the health professions, the entire learning-living community spans boundaries across disciplines, nations and cultures to build powers of observation, challenge the status quo, and connect discovery and engineering innovation with enterprise.

Photo caption: Interns for the Reh Center for Entrepreneurship in Clarkson University's School of Business discuss Entrepreneur Coffee, a student-run business, during a meeting.

[A photograph for media use is available at http://www.clarkson.edu/news/photos/reh-interns.jpg .]

[News directors and editors: For more information, contact Annie Harrison, Director of Media Relations, at 315-268-6764 or aharrison@clarkson.edu.]

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