New Georgetown Program Offers Startup Stipends to Seniors

McDonough School of Business students pursuing their entrepreneurial aspirations are now getting start-up help to make their big ideas a reality.

Founding Director of the Georgetown Entrepreneurship Initiative Jeff Reid and alumna Victoria Schramm announced the new program that will grant startup stipends to graduating seniors launching innovative ventures. The stipends will be granted after competitive application process. Recipients will be able to use the funds to cover some of the costs associated with building a business from the ground up. On top of that, the money can also be used to student loans.

“I often talk with Georgetown students who tell me they would love to pursue an entrepreneurial opportunity, but they are prevented from doing so because of their immediate obligation to start paying their student loans,” Reid said. “The Startup Stipend releases a lot of the pressure recent graduates feel about starting a company in that it gives them the peace of mind that they will receive assistance with their expenses.”

This is just one way that Georgetown has shown its commitment to cultivating successful entrepreneurs in D.C. The university recently announced an academic partnership with D.C. startup incubator and venture fund 1776 that will allow aspiring student founders the chance to explore the entrepreneurial environment in-person.

regions: Washington, DC

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