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1
An experiential learning program based
on cultivating entrepreneurial thought and
practice by students and faculty
throughout all disciplines.
What is JCEL?
2
JCEL’s Main Components
Academic Technical
Seed Capital Fund Incubator Space 3
Academic Services
Entrepreneurship Curriculum
• New Venture Creation
• New Venture Start-Up
• Intro to Entrepreneurship
• Entrepreneurship
• Entrepreneurial Creative Thinking
• Social Entrepreneurship
Visiting Entrepreneurs
Internships
4
Technical Assistance
Fast Start – “Get advice to develop your concept”
Technical assistance/counseling to help refine your business idea
 Mentoring - help you develop your business abstract
 Position you for a Next Step Grant
Next Step – “Get PAID to develop your idea”
 Turn your business concept into a business plan
 Complete legal structure / begin developing market share
 Up to $ 1,300 support per student
 $ 800 wages & $ 500 start-up expenses
5
Student Seed Capital Fund
Equity Investment
 Up to $15,000 per student business
 Business located in Huntingdon County
 Approvals by the Student Seed Capital committee
Loan Agreement
Up to $5,000 per student business
 Interest fixed at 4%; begins to accrue when loan is made
 Six month grace period, followed by up to 60 month pay-off
6
Student Seed Capital Fund
Recipients
Techno-
Mango, LLC
7
Weazel, LLC
Sill Business Incubator
Two Kinds of Space –
> Short-term (typically 3-months to 3-years) “Hotel” cubicle office space
- Meant for start-up companies just beginning operations
- Need immediate access to business administration tools
(computer, copier, fax, scanner, file storage, etc.)
- Lease for as little as $60 per month (five days use per single).
> Long-term space (typically 6-months to 5-years) or “Dedicated Space”
- Meant for young companies generating reasonable cash-flow
- Ten suites and one wet lab
- Spaces ranging in size from 168 to 713 square feet
- Lease rates from $230 to $1,100 per month, gross
8
Sill Business Incubator – Hotel Space
Baxter
Studio
Hotel
Space
Administrative
Offices
Lobby and
Conference Rooms
9
Sill Business Incubator – Dedicated Space
10
Economic Development
JCEL Partners
Private Donors - Alumni
Appalachian Regional Commission
Ben Franklin Technology PArtners
Coleman Foundation
Huntingdon County Business and Industry
Juniata College Alumni and Friends
Pennsylvania Department of Community and
Economic Development (DCED)
Southern Alleghenies Planning & Development
Commission (SAP&DC)
United States Department of Agriculture
11
12
Entrepreneurial Outcomes
85 Student run businesses since 2004
40 Equity/Loan Requests from SSC Fund
4 Currently operating from JCEL
4 Successfully sold
3 Alumni of the program running different business
today than when they were here
13
Entrepreneurial Outcomes
Plans/Progress
•Student Entrepreneurs
Bootcamp
•Part of Economic Committees –
Main Street/PEP
•Coleman Fellows
•New Curriculum
•NBIA
Issue/Concerns
• Lifestyle vs. High Growth
• Wet Lab
• Transition of Program
• Location
Feel free to contact me at
814.641.3735
anderst@juniata.edu
or check out our website at
www.juniata.edu/jcel
14

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2013 AICUP Spring Institute - Juniata College, Center for Entrepreneurial Leadership

  • 1. 1
  • 2. An experiential learning program based on cultivating entrepreneurial thought and practice by students and faculty throughout all disciplines. What is JCEL? 2
  • 3. JCEL’s Main Components Academic Technical Seed Capital Fund Incubator Space 3
  • 4. Academic Services Entrepreneurship Curriculum • New Venture Creation • New Venture Start-Up • Intro to Entrepreneurship • Entrepreneurship • Entrepreneurial Creative Thinking • Social Entrepreneurship Visiting Entrepreneurs Internships 4
  • 5. Technical Assistance Fast Start – “Get advice to develop your concept” Technical assistance/counseling to help refine your business idea  Mentoring - help you develop your business abstract  Position you for a Next Step Grant Next Step – “Get PAID to develop your idea”  Turn your business concept into a business plan  Complete legal structure / begin developing market share  Up to $ 1,300 support per student  $ 800 wages & $ 500 start-up expenses 5
  • 6. Student Seed Capital Fund Equity Investment  Up to $15,000 per student business  Business located in Huntingdon County  Approvals by the Student Seed Capital committee Loan Agreement Up to $5,000 per student business  Interest fixed at 4%; begins to accrue when loan is made  Six month grace period, followed by up to 60 month pay-off 6
  • 7. Student Seed Capital Fund Recipients Techno- Mango, LLC 7 Weazel, LLC
  • 8. Sill Business Incubator Two Kinds of Space – > Short-term (typically 3-months to 3-years) “Hotel” cubicle office space - Meant for start-up companies just beginning operations - Need immediate access to business administration tools (computer, copier, fax, scanner, file storage, etc.) - Lease for as little as $60 per month (five days use per single). > Long-term space (typically 6-months to 5-years) or “Dedicated Space” - Meant for young companies generating reasonable cash-flow - Ten suites and one wet lab - Spaces ranging in size from 168 to 713 square feet - Lease rates from $230 to $1,100 per month, gross 8
  • 9. Sill Business Incubator – Hotel Space Baxter Studio Hotel Space Administrative Offices Lobby and Conference Rooms 9
  • 10. Sill Business Incubator – Dedicated Space 10
  • 11. Economic Development JCEL Partners Private Donors - Alumni Appalachian Regional Commission Ben Franklin Technology PArtners Coleman Foundation Huntingdon County Business and Industry Juniata College Alumni and Friends Pennsylvania Department of Community and Economic Development (DCED) Southern Alleghenies Planning & Development Commission (SAP&DC) United States Department of Agriculture 11
  • 12. 12 Entrepreneurial Outcomes 85 Student run businesses since 2004 40 Equity/Loan Requests from SSC Fund 4 Currently operating from JCEL 4 Successfully sold 3 Alumni of the program running different business today than when they were here
  • 13. 13 Entrepreneurial Outcomes Plans/Progress •Student Entrepreneurs Bootcamp •Part of Economic Committees – Main Street/PEP •Coleman Fellows •New Curriculum •NBIA Issue/Concerns • Lifestyle vs. High Growth • Wet Lab • Transition of Program • Location
  • 14. Feel free to contact me at 814.641.3735 anderst@juniata.edu or check out our website at www.juniata.edu/jcel 14

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