Student Business Incubator in The Jim Moran Institute for Global Entrepreneurship receives Jessie Ball duPont Fund
The Jim Moran Institute for Global Entrepreneurship Student Business Incubator in the FSU College of Business is the proud recipient of a Jessie Ball duPont Fund grant to expand its services to minority students engaging in entrepreneurship.
With a substantial amount of research revealing that African American and Hispanic-operated businesses are underrepresented and face more substantial survival and growth challenges, subsequently limiting their odds for success, The Jim Moran Institute in the FSU College of Business seeks to equip the Student Business Incubator with the necessary support to aid our minority students in overcoming the specific challenges they face in entrepreneurship.
“The Jessie Ball duPont Fund grant will provide resources the Student Business Incubator needs to better serve minority students interested in starting their own business,” said Dr. Tim R. Holcomb, executive director of The Jim Moran Institute for Global Entrepreneurship and the Jim Moran Assistant Professor of Management and Entrepreneurship. “Our goal with this funding is to encourage more minority participation, conduct research to supplement and extend our understanding of the needs of minority-led business ventures, and establish mentoring and consultative support programs tailored to meet the specific needs of the minority-led businesses.”
The Student Business Incubator, which opened its doors in 2010, welcomes students in any area of study at Florida State University to locate their ventures rent-free in space located in the Rovetta Business Building. The Incubator can accommodate up to eight businesses and is equipped with a common area for students to discuss their ventures, as well as office equipment.
The Student Business Incubator is currently the headquarters of four student-operated businesses:
- AnySauce.com – offers a revolutionary way to market unique sauces and seasonings, by working with producers to promote and market their brand in an online forum in ways that create professional and functional merchandising content for businesses to promote their sauces.
- WebTrafficConsultants.net – helps small business owners dominate their marketplace by getting on the first page of search engines, and getting the most clicks through utilizing social media promotion, creating buzz, blogs, website optimization, SEO and online paid advertising.
- NoteLog.com – is a premier online social document-sharing platform used for sharing and managing academic knowledge on college campuses worldwide. With the introduction of notelog.com, the company is rethinking the way students take, view and share class notes, while also innovating the way knowledge is distributed and, most importantly, making the most of what students have learned by passing it on to others.
- StooKoo.com – is a web platform that allows businesses to offer a "deal of the day" to members of StooKoo's e-mail list. It guarantees a set amount of customers with no risk, and allows businesses to directly connect to the college market through its completely new and unique medium.
The Jessie Ball duPont Fund makes grants to more than 330 eligible organizations identified by Mrs. duPont in her will, working to expand access and create opportunity by investing in people, organizations and communities. The Fund has assets of more than $281 million and has awarded $303 million in grants since 1977.
“Although it is the cornerstone of most lives, an education like the one offered by Florida State University is dependent on the generosity of others,” said Caryn L. Beck-Dudley, dean of the FSU College of Business. “Mrs. duPont’s legacy is one of generosity, but also social responsibility which ensures the success of future generations through academic achievement. The Florida State University College of Business is proud to offer programs, made possible by the Jessie Ball duPont Fund and our other donors, which equip students with the means to accomplish their goals.”
About The Jim Moran Institute for Global Entrepreneurship
The Jim Moran Institute for Global Entrepreneurship in the College of Business at The Florida State University was established in 1995 through generous donations from automobile industry legend Jim Moran, his wife Jan, and JM Family Enterprises, Inc and supplemented with a major grant from the State of Florida to create a fully-funded endowment and with additional funding from The Jim Moran Foundation. Its mission is to cultivate, train and inspire entrepreneurial leaders in the community through world-class education, leading-edge research and applied training, intensive consulting assistance and mentorship to entrepreneurs and business owners, and public recognition. The dedicated staff of entrepreneurship professionals, academic scholars, and staff foster the entrepreneurship spirit by helping to organize, expand and promote the knowledge and practice of entrepreneurship in such a way as to facilitate new business and to further the goals of established businesses. Our faculty and staff provide students, faculty, aspiring entrepreneurs, and business owners the tools and expertise necessary to develop strategies that establish and sustain advantages for businesses in today’s competitive marketplace and to creatively pursue new opportunities and innovations involving the startup of new business ventures. Through degree and certificate programs in entrepreneurship, outreach programs that reach across Florida and throughout the world, and complementary activities such as half-day workshops and a speaker series, the Jim Moran Institute currently serves more than 1,000 undergraduates and about 200 businesses each year.