Young Entrepreneur Programs
The Reh Center’s Young Entrepreneur Award program takes investing in the future of Clarkson students to an entirely new level. Each spring we will hold a business plan competition where a limited number of entrepreneurially minded students who have demonstrated success in operating business ventures will have the opportunity to present their businesses for an opportunity to join this exciting program.
Up to five finalists in the competition will be offered a position in Clarksons Young Programs. They will attend Clarkson without payment of tuition for the remainder of their four-year undergraduate careers, through a combination of merit-based financial aid (after accounting for other aid for which the student may be eligible) and a purchase by Clarkson of 10% equity in their firm at fair market value. We provide these budding entrepreneurs with steady counsel throughout their undergraduate experience and identify resources within the University and regional community that help develop their skills, technical innovations, and networks to commercial opportunities. During their first year on campus, our Young Entrepreneurs are also matched with alumni to provide mentorship and professional guidance.
Through this program, the Reh Center hopes to:
- Capitalize on the entrepreneurial spirit across campus that is inherent in the students who already choose Clarkson.
- Enhance learning opportunities for all students by including practicing entrepreneurs in classrooms and living communities.
- Encourage investment in the future leaders of the global marketplace.
“We take our outreach to entrepreneurs to a new level well beyond the more common incubator infrastructure for groups of students and individuals wanting to start a new venture,” says Marc Compeau, director of the Center for Entrepreneurship. “In addition to creating a large support network of business professionals from all walks of life and coursework designed to increase their success, our approach with Young Entrepreneur awardees is unique in the way we partner with them by exchanging tuition discounts for equity in the early-stage firm.”