MONT ALTO, Pa. — As part of its Invent Penn State initiative, Penn State University recently announced four new seed grants, each valued at $50,000, to bolster entrepreneurship and economic development in communities surrounding Penn State campuses across the Commonwealth.
With this announcement, the university’s effort has grown to include 21 hubs for innovation spread across Pennsylvania including Penn State Mont Alto’s LaunchBox — an undertaking introduced by President Eric J. Barron 2 1/2 years ago.
This year’s grant recipients include the following Penn State campuses: Beaver, Dubois, Greater Allegheny and Hazleton. The 21 innovation hubs and programs across the state use partnerships with local community organizations and local industry to meet the needs of their unique business startup ecosystem. Through a competitive process, the winning grant proposals include varying combinations of training, mentorship and space to improve entrepreneurial leadership and spur economic development.
The programs and services of each center or program are available free of charge to Penn State students and faculty, as well as community members who are not directly affiliated with Penn State.
“Penn State is leading the way in entrepreneurship, innovation, and economic development in Pennsylvania, and the Mont Alto LaunchBox is supporting those efforts in our community,” said Penn State Mont Alto Chancellor Francis K. Achampong.
LaunchBox opened for business in January in downtown Chambersburg at 40 N. Second St. It is providing services from noon to 4 p.m. on Monday, Wednesday and Friday, with plans to increase hours of operation in the near future.
For more information about the Mont Alto LaunchBox and to register for free workshops and services, go to montalto.psu.edu/launchbox. To connect with Invent Penn State, go to invent.psu.edu.