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Student Startup Programs Expand at Arizona State University
Date:9/5/2013

or A New American University, the Edson program has provided approximately $1.4 million in seed-funding grants as well as office space and mentorship to nearly 150 unique student ventures over the past eight years. This training and support has made it possible for more than 104 of these ventures to obtain an additional $3 million in external funding and in-kind services.

“Previously, the Edson program was only able to support approximately 20 startups each year,” said Gordon McConnell, assistant vice president of entrepreneurship and innovation at ASU. “However, among our nearly 400 applicants each year, there are around 50 startups that demonstrate high potential for success. The GLC Network provides a way to offer those additional 30 startups the support they need to continue to pursue their entrepreneurial endeavors. The creation of the GLC Network will help ASU ensure that every student entrepreneur has a great experience launching a venture.”

The types of ventures supported by the GLC Network include traditional for-profit companies as well as more-than-profit organizations and social enterprises. The support available from the GLC Network includes:

  •     Use of the collaboration spaces within ASU ChangeMaker Central locations
  •     Training programs such as ASU’s “pracademic” (taught by practitioners) Rapid Startup School as well as academic programs such as Semester to Launch and Make.
  •     Access to EIG’s network of more than 300 mentors
  •     Funding for company setup costs, including legal fees, website development and branding

In addition to launching the GLC Network, ASU has increased the financial resources available to student startups in the Edson accelerator. Each Edson startup will have access to funds that can be used for patent, trademark and copyright costs as well as
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