In the face of severe financial impacts to the University brought on by the global coronavirus pandemic, on April 23 Penn State President Eric J. Barron announced some salary adjustments; a 3% across-the-board cut to university budgets in the next fiscal year; and his intention to work with the Board of Trustees to freeze tuition for the 2020-21 academic year to limit student costs.
Student entrepreneurs present their business ideas to a panel of judges, Shark Tank–style. The team or teams with the strongest ideas and best pitches will leave with the seed money necessary to jump-start their companies.
With the Invent Penn State effort, the University is looking to leverage its locations, expertise, research and technology to foster entrepreneurship across the Commonwealth.
