Gannon University’s Erie Technology Incubator Announces Fifth Technology Business Accelerator
Posted: February 18, 2016
The fifth in a series of Technology Business Accelerators, and
the first to be held this year, began on Feb. 17 at Gannon
University's Center for Business Ingenuity.
Fifteen local technology-enabled businesses and entrepreneurs
have been approved to participate in the program for eight weeks of
intensive coaching, skill building and guidance about key concepts,
such as marketing, sales, accounting, budgeting, raising capital,
competitive planning, business strategy and key legal issues.
As part of Gannon University's Integrated Business
Transformation Program, participants will meet with instructors and
other professionals from Gannon's Erie Technology Incubator (ETI),
College of Engineering and Business (CEB), and Small Business
Development Center (SBDC), along with additional experts from
across Northwest Pennsylvania.
At the end of the program on April 7, each business will present
its concept to a panel of judges with the winning pitch receiving a
$10,000 cash award and six months of residency at ETI, along with
further coaching and strategic mentoring.
At the fourth Accelerator session, that prize went to Khonsu,
LLC, which is led by Gannon undergraduate student Denys
Fedorchenko, recent Gannon graduate Mollie Sebald and Gannon
graduate student Eyad Ghazzawi. The students received the grant
after successfully pitching their "Easy Tent" pole concept, which
Fedorchenko conceived after serving in the Ukrainian Army.
The fifth session includes entrepreneurs with expertise in a
number of high-profile industries. "We are excited to welcome
another strong, highly motivated class with expertise in
e-commerce, manufacturing, fashion, software, app development and
medicine," said Jeff Parnell, executive director of ETI. "This
region is blessed with talent and we appreciate the opportunity to
work with entrepreneurs who invest time and energy to stress-test
their concepts, ideas, products and businesses."
The Accelerator integrates resources from Gannon's CEB, ETI and
SBDC, and was created to give participating entrepreneurs an
opportunity to test a new concept, idea or line of business through
the support of the Pennsylvania Department of Community and
Economic Development (DCED). Program funding was provided to build
capacity statewide to support Pennsylvania's businesses and to spur
creativity and innovation in the provision of economic development
Entrepreneurs or business owners interested in participating can