Story excerpt provided by Crain’s Cleveland Business.
Written by Dan Shingler.
Students at the University of Akron and Kent State University are learning more about business from their extracurricular activities than they might in any MBA school.
That’s because they – along with students from Walsh University, Notre Dame College, Case Western Reserve University and the College of Wooster – are spending much of their spare time working as venture capitalists.
Not as interns at some firm or at a pretend fund that’s investing play money – the students do real due diligence on area companies that are seeking to raise capital, and they put real money at risk with their investments, too. But only after a lot of consideration, arguing and homework, of course.
The Northeast Ohio Student Venture Fund (NEOSVF) got its start in 2008 at the University of Akron, said NEOSVF secretary Daniel Hampu, who also works at the UA Research Foundation helping to commercialize technology. But the fund really got its footing in 2014, when the Hudson-based Burton D. Morgan Foundation and Ohio’s Third Frontier Fund provided the students with $250,000 to invest.
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Originally published March 27, 2016.