User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Students Compete For Startup Money

December 3, 2009, 5:10 PM by Katie Janssen

South Dakota college students are getting the chance to compete for thousands of dollars in startup money for their own business. But not just any idea or concept will make the cut; it needs to be science- or technology-based and something that people can use.

It's more money than most college kids have seen and could go a long way toward helping them launch their futures. A local venture capital firm called South Dakota Innovation Partners is offering up $25,000 to any college student who has a strong, marketable idea for a business or concept.

"Some of our best ideas will come out of our student population in the state. So we're trying to get students to put that down on paper," Managing Director and Chief Executive Officer Mark Luecke said.

Luecke says the possibilities are endless. Students could come up with anything from iPhone and computer applications to new ways to make and use renewable fuel.

"Whether it's engineered products or software development, or even a mathematical algorithm they've been working on with a professor that has some broad market application,” Luecke said.  “It could be a number of different things."

These proposals are more than just ideas; they're something that could one day end up on Main Street.

"If we're able to start up companies with students and good ideas that will build sustainable value in South Dakota, I think it's exciting for everybody," Luecke said.

Luecke says it would also pump money into the local economy and ensure South Dakota's up-and-comers stay in the state.

"One is keep the idea here in South Dakota, and two is to keep the human capital, the students, in South Dakota as well,” Luecke said. “They don't have to leave the state to pursue interesting opportunities."

South Dakota State University is also a part of this project, but it's open to any college student in the state.

You can apply online until January 15.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

You may also like

Moving A 200-Ton Home Across Fargo

3/3/2015 1:56 PM

Scott Adelman paid $70,000 for a 4,500-square-foot brick home in Fargo, but he has to move it out to nearby Horace.

Full Story
Minnesota Man Catches Walleye Whopper

2/27/2015 10:21 AM

Paul Ell of Big Lake, MN snagged a 11.6-pound, 29.5-inch walleye after 6 p.m. Thursday night.

Full Story
Woman Admits To Having Sexual Contact With A Teenager

2/27/2015 10:44 AM

A former Sioux Falls teacher pleads guilty to sexual contact charges for a relationship she had with a student. 

Full Story
Storm Center Update - Sunday AM

3/1/2015 5:47 AM

Temperatures this morning are mostly in the single digits and teens with clouds moving out of the area. Some areas of southern KELOLAND could see some...

Full Story
Brookings Teenager Makes History At State Wrestling Tournament

2/27/2015 5:58 PM

After more than a decade of eligibility and few brushes with history, South Dakota finally has its first-ever female participant at the state wrestlin...

Full Story | Watch


Events