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:
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!
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.
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.
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.
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.
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