binarypublishTLDR: Penn State University is inviting student startup teams from all campuses to apply for the 2024 Invent Penn State Inc.U Competition. Six undergraduate teams will be selected to compete for a $30,000 cash investment pool and will receive support to help their startups gain traction. The winners will be announced during Penn State Startup Week powered by PNC in March.
Key Points:
- Penn State University is inviting student startup teams to apply for the 2024 Invent Penn State Inc.U Competition
- Six undergraduate teams will be selected to compete for a $30,000 cash investment pool
- The winners will be announced during Penn State Startup Week in March
- Last year, one of the winners was Bindr, an all-inclusive dating app for bisexual individuals
- The selected teams will receive support to help their startups gain traction
Penn State University is calling on student startup teams from all campuses to apply for the 2024 Invent Penn State Inc.U Competition. The competition offers a chance for six undergraduate teams to compete for a $30,000 cash investment pool, with the winners being announced during Penn State Startup Week powered by PNC in March.
The selected teams will not only have the opportunity to compete for funding but will also receive support to help their startups gain traction. This includes access to business mentors, professionally designed marketing videos, and showcase opportunities.
Last year, Bindr, an all-inclusive dating app for bisexual individuals, won funding in the Inc.U Competition. Bindr was founded by Mary Richardson, a business student at Penn State York, who stated that being part of the competition has changed her life. Bindr has already achieved success in online search rankings and aims to provide a safe online space for meaningful connections.
The Inc.U Competition is a signature program of Invent Penn State and showcases student innovation across the commonwealth. It awards up to $30,000 in funding to the top six student startup teams at the pitch event during Penn State Startup Week. The funding, along with ongoing pitch training and startup support services, helps student entrepreneurs turn their ideas into reality.
This initiative is part of the broader effort of Invent Penn State to promote economic development, job creation, and student career success across Pennsylvania. Through entrepreneurship-focused academic programs, business startup training, and collaboration with industry partners, Invent Penn State aims to turn research discoveries into valuable products and services for the benefit of Pennsylvanians and beyond.
