Mainebiz

September 7, 2015

Issue link: https://nebusinessmedia.uberflip.com/i/565760

Contents of this Issue

Navigation

Page 33 of 47

V O L . X X I N O. X X S E P T E M B E R 7 , 2 0 1 5 34 Charitable Foundation and $70,000 in private donations. e money funded set-up necessities like furniture and computers and, for several years, a part- time staff er. It also provided start-up capital for student projects. Up to now, the pool of start-up capi- tal has varied year to year. It was $20,000 to $30,000 the fi rst couple of years. After that, "we were scraping by," Friedlander says. Friedlander expects the grant from the Diana Davis Spencer Foundation will yield roughly $75,000 a year, which will provide $30,000 a year for start-up capital. It will also pay the salary for a three-quarter staff er and provide funds for outreach and equip- ment. Enrollment in the course is expected to be six or seven students. Over the 10-week course, stu- dents develop a market-testable rapid prototype of their business, while also studying the fundamentals of business. e curriculum — in itself a Hatchery project of sorts — has gone through substantial revision from Day 1. "We were trying to fi gure out what are the essential pieces any entre- preneur needs to know for operating a business," Friedlander says. " e KEEP IT SIMPLE ACA Compliant Plans Retirement Plans Benefits Administration Talk with Norton. 800.777.5244 www.TalkWithNorton.com Specialists in business insurance and employee benefits Securities and advisory services offered through Commonwealth Financial Network ® , Member FINRA / SIPC, a Registered Investment Adviser. Investment advisory services may be offered through Commonwealth Financial Network, a Registered Investment Adviser, and/or Norton Financial Services, a Maine and New Hampshire-Licensed Investment Adviser. Investment advisory services, and TPA services offered by Norton are separate and unrelated to Commonwealth. Fixed Insurance products and services offered through Norton or CES Insurance Agency. 275 U.S. Route One, Cumberland Foreside, ME 04110 F O C U S » C O N T I N U E D F RO M P R E V I O U S PA G E P H O T O / C O U R T E S Y C O L L E G E O F T H E AT L A N T I C P H O T O / C O U R T E S Y C O L L E G E O F T H E AT L A N T I C Nick Harris works in a College of the Atlantic lab to transform food waste into butanol.

Articles in this issue

Links on this page

Archives of this issue

view archives of Mainebiz - September 7, 2015