As a special mission affiliate of Penn State, President Michael J. Reed said the project allows the college to step into a dynamic season of innovation.
“Through the Invent Penn State initiative – supported by the Pennsylvania Department of Community and Economic Development – Penn College is poised to advance regional economic vitality and innovation,” he said. “The LaunchBox & Innovation Network is a statewide economic development engine, supporting entrepreneurs and startups through no-cost resources like collaboration space, prototyping tools, business mentorship and access to capital.”
The greater network, he added, has engaged more than 24,000 students and faculty and over 8,300 entrepreneurs, resulting in 770 internships and 708 jobs created around the state.
Richard P. Vilello Jr., deputy secretary of community affairs and development for the DCED, shared with attendees that the opening of LaunchBoxes across the state are part of a strategic vision that connects colleges and universities to community and economic development.
“We often hear about population loss, brain drain and other challenges; some of the things we need to think about are solutions,” Vilello said. “LaunchBoxes are a perfect tool for community development and economic development.”
When students and community members start small businesses and get other people involved, they’re more likely to stay because they have made an investment where they are, Vilello added.
“The DCED celebrates huge projects, but we sometimes forget about the small ball and what singles, doubles and triples can mean in economic development,” he said. “It’s the entrepreneurship that can be created in the LaunchBox. It’s good for Williamsport, it’s good for PA and it’s good for Pennsylvania College of Technology.”
Anthony J. Pace, vice president for enrollment & academic operations, said the college had been exploring the idea of a LaunchBox with its partners at Penn State for quite a while. The generous financial and operational support from donors, including the Ken and Kristie Healy Foundation, Barbara B. Hudock, and Paul and Tom Kerr, and campus resources allowed the idea to become reality.
“Ken and Kristie have a long history of empowering our innovative students,” Reed said. “They have created the Healy Foundation Scholarship and provided generous funding to renovate a space in the Larry A. Ward Machining Technologies Center for the Penn College Baja SAE team to thrive.”