Pace University was recently awarded $1,486,720 from New York State as part of the Commercial and Industrial (C&I) Carbon Challenge. This competitive program provides funding to large energy users such as manufacturers, universities, and health care facilities in New York State to implement clean energy projects that reduce carbon emissions.
Pace University’s Lubin School of Business, in collaboration with AnD Ventures, recently launched the Pace Entrepreneurship Studio (PES) with the mission to support Pace students, faculty, staff and alumni in taking their compelling business ideas or ventures from concept to company.
PES will position the University as a leading institution for cultivating entrepreneurship and innovation in the tri-state area.
“For more than a century, Pace and the Lubin School have been at the forefront of business education,” said Pace President Marvin Krislov. “Today, the Pace Entrepreneurship Studio is a unique and cutting-edge opportunity for ambitious and innovative Pace students to gain access to some of the best minds in business and tech. I couldn’t be happier that three student-led projects are already well on their way to success.”
AnD Ventures, an Israeli venture capital firm, has collaborated with Pace on this exciting endeavor to teach the "how" and to support the "what" of providing students, faculty, and alumni with a complete blueprint for establishing successful businesses.
Presently, three startups have been selected from a pool of twenty-three to undergo PES’ “Studio Process,” which entails passing a due diligence review with AnD Ventures’ investment team and key experts from a variety of sectors. During the due diligence process the PES team identifies the main challenges for each company and develops a tailor-made roadmap for accelerating its growth. Each startup has its own process and key performance indicators for the purpose of raising funds and developing a strategy for international expansion.
“With equal amounts of fascination and pride, I am excited that PES is serving as a launchpad and support infrastructure for business ideas and ventures created by members of our community,” said Lawrence G. Singleton, dean of the Lubin School of Business. “Fostering and cultivating an entrepreneurial spirit in our students is one of Lubin’s strengths. Pace’s contribution to the entrepreneurial ecosystem positions the university to nurture the growth of businesses providing solutions to a variety of challenges consumers are experiencing today.”
The onboarded startups are:
- Cloudonix: Launched by Eric Klein ’90, ’97, co-founder and COO, and Nir Simionovich, Cloudonix revolutionizes enterprise communications with a software defined communications platform. Companies can streamline their operations and enhance customer service by integrating voice and data for a comprehensive service experience. To date, Cloudonix has generated nearly $4 million in revenue and the company’s customer base includes leading corporations around the world.
- Gamr: Gamr has produced the leading app for eSports players and is building a one-stop platform for gamers. The company, which has a significant number of achievements under its belt, has been nominated as one of the Top 100 eSports Startups to Watch in the world. Gamr’s founders are Seyi Fakoya ’23, Eniola Edun, and Kunmi Adenipebi. Their platform facilitates hosting and participating in online competitions and allows players from all over Africa to participate in large-scale tournaments. Gamr offers a unique product in the African market and PES will assist them with raising funds and scaling.
- Invest-ed: A young and ambitious company founded by Andrew Wong ’26, Invest-ed wishes to change the way Gen Z invests their money. With short videos and simple instructions, customers learn how to invest in different stock markets. The Invest-ed app will launch soon with special access being extended to Pace students.
These three startups are already in the marketplace providing goods and services and delivering results. PES is providing guidance and resources so that these successful ventures may build even more momentum.
With an aptly-fitting name reflective of the ambition, drive, and grit embodied by members of the community, Pace “Go-Getters” with compelling business ideas or startups are encouraged to apply to the PES program. PES is the university’s motto of Opportunitas at work!
About Pace University
Pace University has a proud history of preparing its diverse student body for a lifetime of professional success because of its unique programs that combine immersive academics and real-world experiences. Pace is ranked the #1 private, four-year college in the nation for upward economic mobility by Harvard University’s Opportunity Insights, evidence of the transformative education the University provides.
About the Lubin School of Business at Pace University
Globally recognized and prestigiously accredited, the Lubin School of Business integrates New York City’s business world into the experienced-based education of its students at Pace’s suburban and downtown campuses, implemented by one of the region’s largest co-op programs, team-based learning, and customized career guidance. Its programs are designed to launch success-oriented graduates toward upwardly mobile careers.
About the Entrepreneurship Studio at Pace University
Located at Pace University, the Pace Entrepreneurship Studio (PES) elevates promising entrepreneurs with the assistance of international leaders and professionals. PES supports new startups, from ideation to funding—from conception to operation, with the mission to teach the "how" and to support the "what"—providing students, faculty, and alumni with a complete blueprint for establishing successful businesses.
About AnD Ventures
AnD Ventures is an Israeli venture capital firm that invests in pioneering early-stage startups and builds them into companies that make a difference. The team consists of founders, sophisticated investors, corporates, and VCs. Together, they work in concert with experts from Fortune 500 companies, serial entrepreneurs, innovators, and experts across a vast array of industries and experiences.