31 May EEVF awards LYBN students $50,000 in seed money
Middlesex Community College students enrolled in the Launch Your Business Now program, an innovative applied-entrepreneurship certificate program designed for students to start or grow a business, just wrapped up an intensive semester and had the opportunity to pitch for seed funding to the Everyday Entrepreneurs Venture Fund (EEVF). The EEVF committee gave out $50,000 in seed funding on May 16th at an awards ceremony in downtown Lowell.
Spring 2019’s Launch Your Business Now program students. From left to right: Jocelyn Pedraza of Lowell, Ani Vong of Lowell, Stephanie Quezada of Lawrence, Mitch Nesteruk of Andover, Professor Descoteaux, Professor Hargis, Romany Meas of Lowell, and Eric Sack of Lowell. Photo credit: Humanity Boutique of Lowell
- Invested $15,640 in Second Chance – a future non-profit focused on changing at-risk young women’s lives
- Invested $13,000 in Humanity – a Lowed based fashion boutique
- Invested $10,000 in Pedraza Performance – a female-owned and operated auto repair shop
- Invested $8,790 in Mass Media Man – an audio and video installation and maintenance company
- Invested $2,570 in Nic Clip – an accessory company
Students will use this seed funding for operations as they continue to grow their businesses over the course of 2019 and 2020. Students receiving funding will also be paired with 3 mentors who will check in with them throughout the first year of operation.
MCC’s 16-credit Launch Your Business Now certificate program was developed for entrepreneurs who have an idea for a business they want to launch – or scale up – within four to 12 months. “I’ve been able to gain confidence as the course progressed. I am now equipped with the proper knowledge, moving forward in my journey. I will continue to utilize my tool box with content I was able to learn from the curriculum.” said Jocelyn Pedraza, Spring 2019 program participant.
Students who complete the Launch Your Business Now coursework are encouraged to pitch their business idea to the funding committee of the EEVF, who can award seed money in the form of competitive grants (ranging from $1,000 to $20,000) to support student businesses and help start-ups get off the ground. EEVF is a committee of the MCC Foundation.
The EEVF Funding Committee is comprised of MCC’s Foundation Board members and key administration and staff from MCC. Their continued efforts to support the Launch Your Business Now program are greatly appreciated. Additionally, we would like to give a BIG thank you to mentors who give their time and significantly impact the success of our students. Thank you! For more info on them, please click here.
From left to right: President Jim Mabry, Judy Mabry, Professor Hargis, Ani Vong of Lowell, Mitch Nesteruk of Andover, Professor Descoteaux, Jocelyn Pedraza of Lowell, Stephanie Quezada of Lawrence, Eric Sack of Lowell, Dean Judy Hogan, and MCC Foundation member David Basile. Photo credit: Romany Photography of Lowell
From left to right: Ani Vong of Lowell, Stephanie Quezada of Lawrence, Mitch Nesteruk of Andover, Jocelyn Pedraza of Lowell, and Eric Sack of Lowell. Photo credit: Romany Photography of Lowell
For more information about MCC student businesses, MCC’s new Launch Your Business Now Certificate Program, or the Everyday Entrepreneurs Venture Fund, visit: www.launchatmcc.com or contact Stacie Hargis at firstname.lastname@example.org.