Home College of Business and Public Administration Drake offers summer startup program to help students launch businesses

Drake offers summer startup program to help students launch businesses

The Entrepreneurship Centers at Drake are excited to announce the Lorentzen New Venture Hatchery, a program aimed at fostering student startups. The program is open to all Drake University students.

The student businesses for the summer 2014 program, which begins in June, were selected through an application process and are as follows:
• AP Lumina: Naren Bhojwani and Benjamin Mullis are creating a new brake light system for cars.
• Frank’s Fixies: Aaron Hermsen and Joaquin Valdes are customizing European fixed bike gear.
• Reflex Fight Gear: Kevin Clark is working on a hand-eye coordination product.
• Opportunity On Deck: Dylan DeClerck is developing a sports clinic for inner-city youth.

The program was created thanks to a generous donation from John C. Lorentzen, BN’77, partner at Winston & Strawn in Chicago. Lorentzen’s goal is to create a program that helps students gain an unprecedented opportunity to start their business while still in school, under the mentorship of experienced entrepreneurs. Stipends of up to $10,000 are available for the teams.

During the hatchery program, students will be provided with office space at StartupCity in Des Moines, access to office equipment, as well as mentoring, coaching, and other assistance from the hatchery’s program director, Geoff Wood, and other local entrepreneurs. Wood is from Startup City Des Moines.

For more information, contact Tom Swartwood at tom.swartwood@drake.edu or Deb Bishop at deb.bishop@drake.edu.

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