Friday March 25, 2005

Center for Entrepreneurs Opens its Doors at SUNY

Center funded through $125,000 state grant
By Chris Motola

    SUNY Oswego?s Center for Business and Community Development (SBDC) added a new asset to its array of small business tools March 24.

    The Center for Entrepreneurs, the product of a $125,000 grant secured by state Sen. James Wright, is designed to put resources at the fingertips of individuals who area developing a small business idea.

    According to SBDC Senior Business Advisor Larry Perras, the renovated Room 118 of Rich Hall features four computers linked to databases useful in performing marketing research. Resources are also available to help entrepreneurs construct business plans and advertising strategies. The center will promote entrepreneurial values like the concept of calculated risk and opportunity-seeking.

    ?There?s going to be an extensive video component,? says Perras. ?The younger generation likes to get the information more visually.?

    The room is equipped for teleconferencing and can be reserved for a nominal fee.

    The center will work with the School of Business to help connect new entrepreneurs with experienced business people and locate ?angel investors.?

    Angel investors, explains Perras, are individual venture capitalists who ? while they want to see a return on their investment ? tend to be less conscious of their bottom line and more interested in developing their community. While the SBDC doesn?t directly connect individuals to investors, it will provide information relevant to finding them.