Utah State Supports Student Entrepreneurs

There are many ways that people demonstrate their love for USU, and during this month we’d like to share a few moments where USU has shown love to students and Alumni, and they show it in return.

Just last month, Utah’s universities were recognized for joining a national trend of schools offering thousands in start up money for budding entrepreneurs to test their business plans before launching them in the real world.

Scott Petersen, director of Brigham Young University's Rollins Center for Entrepreneurship, said the programs allow students to run with their start ups before taking on the responsibility of major investors.

Petersen said his school offered $355,000 for entrepreneurship and technology programs this year, more than three times what was available five years ago.

At BYU, the University of Utah and Utah State University, much of the available money for startups is donated by corporations and outside groups, and awarded to students whose pitches win business competitions, The Salt Lake Tribune reported.

Utah State University offers prizes of up to $5,000 for students winning competitions.

At the University of Utah's Lassonde Entrepreneur Institute, more than $25,000 in grants is available through a startup program.

"We're giving money to them and hoping they do the right thing with it," said Troy D'Ambrosio, the institute's executive director. "It's that catalyst; that little bit of spark to get the momentum rolling."

One of those recipients is Sakpants, a company founded by two University of Utah students that offers baggy lounge pants that cover feet like footie pajamas. The company received $3,000 from the university's entrepreneurship institute in April to get the business up and running.

Founders Garred Lentz and Brayden Iwasaki then raised $25,000 on the crowdfunding website Kickstarter. They've sold more than a thousand pairs of the $29.99 pants, which are now back-ordered.

Lentz said he'd like to eventually take what he's learned and put it toward other business opportunities, but for now, "We just want to keep people's feet warm."

Giving students real-world business experience is a great way to prepare them for trial, error, failure, failure again, and eventual success.

What do you think are the most practical experiences we could offer to students?


Original article by The Associated Press, found on www.militarytimes.com 

Find Sakpants at: http://sakpants.com/

The Beauty of Partners: Partners In Business and your Alumni Association team up for greater value

Have you ever been to a Partners In Business conference? They’ve been around for 41 years, they’re some of the best educational conferences around, and they’re right here at USU.

“Business professionals should come here to step back from their day to day work and learn new skills that will help them get to the next level,” said Francios Ragnet, Managing Prinicipal for Xerox Corporation.

Filled with elite speakers like Alan Greenspan, Jack Welch and Dave Thomas - that’s right, from the Wendy’s commercials - Partners In Business offers a great value to professionals in any industry. Some of those benefits include:

•      High-quality, professional business education
•      Continuing Professional Education (CPE) Credits
•      Insight into cutting-edge ideas, innovations and technologies
•      Networking opportunities with top minds in business and academia

To make it even better, Partners In Business and your USU Alumni Association have now joined forces. We’re bringing this high level of professional development to you, our alumni, at a discounted price.

Alumni Association members will save 25% on Partners In Business registration fees.

Look at it this way. An annual alumni membership costs $35 per year. By becoming a member, you save more than $35 by attending a single Partners In Business conference. That means your membership more than pays for itself with one conference a year. Talk about a deal. It just makes sense. Especially if you, or your employer, already attend them regularly.

Try it yourself and see why Roy Griffiths, CPA, says, “Partners In Business is undoubtedly the best continuing all around business value that’s provided in the state of Utah.”

Annual conferences include:

•      Operational Excellence
•      Accounting
•      Information Technology
•      Principle-Centered Leadership
•      Society for Human Resource Management (SHRM) Crossroads Conference – held in Layton, UT

For conference schedules and pricing, visit http://partners.usu.edu/, or contact Jamie Andrus at (435) 797-8270 or jamie.andrus@usu.edu.