The Shenango LaunchBox powered by the Greater Sharon Community assist early-stage startups with accelerator support through free and low-cost targeted programming, coaching, resources, and mentor connections. As a community resource open to all entrepreneurs, the Shenango LaunchBox contributes to local economic development and will be opening a new physical location in spring 2023.
LaunchBox is a signature program of the Invent Penn State Initiative, a commonwealth-wide system to spur economic development, job creation, and student career success. It is a $30 million initiative to generate economic development, create jobs and drive student career success. The initiative, launched by Penn State President Emeritus Eric Barron in 2015, redefines the University’s land-grant mission to include entrepreneurship and innovation programs, including the development of “innovation hubs” in Penn State Commonwealth Campus communities across the state.
Invent Penn State blends entrepreneurship-focused academic programs, business startup training and incubation, funding for commercialization, and University-community collaborations to facilitate the process of turning ideas into viable products and services.