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Local Business Members Share Their Expertise with Student Entrepreneurs

Entrepreneurial Cal Poly students now have additional help growing their good business ideas.  A donation of 2,500 square feet of vacant office space from local developer and angel investor Clint Pearce has enabled creation of a pilot incubator program this summer. Approximately 10 early-stage companies, primarily from Cal Poly, are housed at the "Hot House" as it's known. This program provides resources for the start-ups in the hope that they remain in the area after graduation.

 

Start-ups add an average of 3 million new jobs in their first year. In fact, according to a study by the Ewing Marion Kauffman Foundation, net job growth occurs in the nation's economy ONLY through start-up firms because older companies lose 1 million jobs annually. This data suggests that growth is best boosted by supporting start-up firms.    

 

SLO Seed Ventures is another example of a local resource for start-up companies.  Formed by local residents and business people with a passion for the innovative and entrepreneurial ideas growing on the Central Coast, these investors seek to provide capital and resources to assist start-ups in moving from concept to company.  

           

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