By guest authors Irina Patterson and Praveen Karoshi Irina: How is your program funded? Art: There are a variety of financial sources that support us: We have endowments, we have sponsorships, we have gifts, we get funding from the government, and we get funding from foundations. All of that comes in to support what we
By guest authors Irina Patterson and Praveen Karoshi Irina: What sources do you use for angel financing? Art: We have a few fairly robust angel networks here. We have a couple of organized groups that are in effect almost the equivalent of an early-stage seed fund. One of them is called Smithfield Trust Company and
By guest authors Irina Patterson and Praveen Karoshi Irina: When did you launch the accelerator? Art: We launched last summer for the first time, and we are planning to run it again this summer. We will take probably three or four companies for a period of three months. Last summer we had six companies apply
By guest authors Irina Patterson and Praveen Karoshi Art: Our business accelerator is wrapped in the academic program. The people who participate in it are either spending three months in the program between the first and the second years of their MBA program, or they do it after they graduate with an MBA when they
By guest authors Irina Patterson and Praveen Karoshi I am talking to Art Boni, director of the Donald H. Jones Center for Entrepreneurship and professor of entrepreneurship at the Tepper School of Business at Carnegie Mellon University. Carnegie Mellon was one of the pioneers in introducing entrepreneurship courses nearly 40 years ago, in 1972. According
By guest authors Irina Patterson and Praveen Karoshi Kerry: The public funding that DreamIt receives is not contingent on how many of our entrepreneurs are successful. I think that is probably because our investors agree with us that this model of succeed fast or fail fast is valuable. They understand that some of the companies
By guest authors Irina Patterson and Praveen Karoshi Irina: Do you have any special initiatives at this time? Kerry: I would say our expansion in New York City, which should be our first time operating in the city, this summer. We brought on a locally-based managing director, Mark Wachen, an entrepreneur who was the founder
By guest authors Irina Patterson and Praveen Karoshi Kerry: Scvngr is our best-known company. They are a mobile game platform that is used both in the B2B space, in that museums and cities can host Scvngr hunts for residents who can explore a community, and also a consumer game, where users can check in at