Entrepreneurship summit nets 1,000 pitches

UNIVERSITY PARK, Pa. -- On Nov. 17 in the Nittany Lion Inn Ballroom, 75 finalists made presentations at the 1000 Pitches Summit, an event for Penn State students and faculty interested in innovation and entrepreneurship. The top pitch in each category won $1,000 and a total of $8,000 in prizes were awarded.

The Innoblue Team, event organizers, praised the Ben Franklin Technology Partners for the sponsorship dollars as well as the hands-on support from the community, including the leadership of the TechCelerator @ State College.

Eli Kariv, a member of the Innoblue Team, said, “Thank you so much for your amazing support throughout this semester. Not only did you back us financially, but you offered us your time and wisdom throughout the entire semester -- even when it seemed like we had beat our head against the same cultural wall 50 times over. Your support allowed us to get more than 1,000 pitches submitted at Penn State, more than 6,000 across the country (making us the largest student-run competition in the world), and helped push a cultural movement that we hope will infuse the university and the community with the desire to become an innovation and entrepreneurial hub.”

Stephen Brawley, President/CEO of Ben Franklin Technology Partners/CNP commented, “This is exactly the type of event that creates the energy and buzz needed to get folks to realize they can turn their ideas into a business reality. When an entrepreneur is ready to take the first step, Ben Franklin and its partners offer business mentors at the BF TechCelerator and the opportunity to apply for our investment dollars.”

TechCelerator @ State College is a partnership designed to offer the region’s entrepreneurs, students, faculty members and small business owners designated space, loan and investment programs, business support and mentoring services, and entrepreneurial training all housed in one location. This one-stop-shop approach to business incubation is meant to encourage an entrepreneurial climate, increase technology transfer opportunities and help develop a robust startup culture in State College and the surrounding area.

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Last Updated November 20, 2013