That Entrepreneurial Center at Ball State University has provided grants from the Pre-Seed Fund to four students to help them develop and advance their entrepreneurial ventures.
This semester’s winners are Hunter Beale, a Senior Entrepreneurship and Innovation Major; Emali Grose, Senior Entrepreneurship Major; Holden Robinson, a junior entrepreneurship and innovation major; and Ani’a Walker, a senior entrepreneurship major.
Twice a year, all Ball State students are invited to apply for up-front scholarships of up to $2,500 per student per semester for business development. This fund was set up to help students take their new business concepts from idea to prototype. In the past, funds were used to conduct market research, create digital renderings, earn certifications, and more.
“We are increasingly observing that the students’ ideas are no longer developing due to a lack of funding. Many ideas are too early for bank loans or angel investors, so the pre-seed fund helps bridge the gap and helps our students take those early steps,” he said Crystal GeyerDeputy Director of the Entrepreneurship Center.
Among the successful entrepreneurial ventures of this semester:
• Mr. Beale received funding to hire a designer to create 3D renderings for his concept, Simpler Living, a Tennessee-based small home rental company.
• Ms. Grose received funding to source 3D renderings for EMG Commercial Development, a real estate development firm specializing in the revitalization of Midwestern cities, beginning with a vacant Marsh Building in Warsaw, Indiana.
• Mr. Robinson purchased items to build a prototype for Relixir, a dietary supplement subscription service.
• Ms. Walker used her grant funds to take her high-end cupcake company, Puff’s Pastries, to the next level.
For Ms. Grose, using the pre-seed funding meant she could better explain her ideas to various stakeholders.
“Because of the pre-financing surcharge, my dream felt more like a reality,” said Ms. Grose. “It wasn’t just an idea anymore – I was able to visualize it.”
For more information on the Pre-Seed Fund, see www.bsu.edu/entrepreneurship/seedfund or E-Mail Entrepreneur@bsu.edu. To make a contribution to the pre-seed fund to further encourage student entrepreneurship, contact Brian Meekin at email@example.com.