Thursday, December 9, 2010
Rachel Decker Accepted into Entrepreneurial Fellows Program at Slater Technology Fund
A collaboration initiated in 2008 between Slater and the Rhode Island NSF EPSCoR, the program is designed to encourage entrepreneurship in the life sciences and biotechnology industries in Rhode Island by formally engaging local university students in the venture development process.
The Entrepreneurial Fellows Program is designed to attract and support a next generation of entrepreneurs in the life sciences industry by drawing students from the state’s colleges and universities into active participation in the process of venture development. Fellows engage in venture development by working with both academic researchers and industry professionals to understand the process of start-up formation, the development of business plans, the recruitment of entrepreneurial teams, the raising of early-stage capital, and the implementation of commercialization strategies. A goal of the program is to better inform students of the career development options available within the life sciences industry and to help integrate them into the knowledge-based economy in Rhode Island
The Entrepreneurial Fellows Program was launched in 2008-2009 with a group of seven students from Brown University and the University of Rhode Island. The pilot-scale program was continued in 2009-2010 with another six students from Brown and the University of Rhode Island.
About Rhode Island NSF EPSCoR
The Rhode Island National Science Foundation Experimental Program to Stimulate Competitive Research (Rhode Island NSF EPSCoR) builds partnerships between state government, institutions of higher education, and industry to effect lasting improvements in Rhode Island’s research infrastructure and national R&D competitiveness. Rhode Island NSF EPSCoR began in 2004, receiving federal funding commitments in excess of $26.75 million. For more information, visit www.riepscor.org.
About Slater Technology Fund
The Slater Technology Fund is a state-backed venture capital fund that invests in new ventures committed to basing and building their businesses in Rhode Island. Slater focuses its resources on the support of entrepreneurs who have the vision, leadership, and commitment to build substantial commercial enterprises. Slater typically invests at the inception stage in the development of a new venture, often based upon ideas and technologies originating in academic institutions and/or government research laboratories located within the region. In most cases, investments are premised upon the possibility of raising substantial follow-on financing, from venture capital investors or from strategic partners, with a view toward accelerating the generation of significant numbers of high-value, high-wage jobs over the intermediate to longer-term. For more information, visit www.slaterfund.com.