The Lackawanna College Venture Lab helps students and members of the community launch new businesses in Northeast Pennsylvania (NEPA). The lab offers professional services, innovative programs, and industry connections within a supportive peer-to-peer learning environment. We specialize in disadvantaged entrepreneurs creating microenterprises by applying a lean startup approach.
Microenterprises are very small scale businesses that often provide vital sources of supplemental self-employment income for individuals and families.
The lean startup approach is a set of principles, models, and concepts that accelerate new business launches using an iterative feedback learning loop.
Disadvantaged entrepreneurs can leverage this lean approach for microenterprise creation to overcome many of the traditional barriers to starting a business, such as a scarcity of startup capital.
Lackawanna College offers the region’s only concentration in Lean Entrepreneurship. This concentration teaches students the lean principles that drive startup success.
Entrepreneurship for Everyone (MGT 110) Elective – Get a crash course on entrepreneurship designed for non-business majors.
Ideation and Innovation (MGT 265) – Learn how entrepreneurs and industry leaders generate new ideas for products and services.
Iterative Product Design and Development (MGT 270) – Work in the Fabrication Center to build and test prototype products using 3D printers.
Small Business Management (MGT 310) – Learn the ins and outs of managing a small company.
eCommerce: Digital Marketing and Management (BUS 320) – Design and build an eCommerce website or social media page for your startup or a local small business.
Entrepreneurship 1 (MGT 350) – Create a startup business plan while learning entrepreneurial basics and best practices.
Entrepreneurship 2 (MGT 450) – Apply lean startup principles using a business simulation and helping real-world entrepreneurs with their startup challenges.
Business Internship (BUS 400) – Intern with a startup company in the lab to get firsthand exposure to the fast-paced entrepreneurial environment or launch your own.
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Venture Lab Services
Open office for up to 15 users located on the second floor of Angeli Hall with comfy chairs, free Wi-Fi, and a coffee machine!
Four 3D printers (Creality SR-10s Pro V2) and a PC with 3D design software for creating prototype products and plastic components.
Digital platform with planning templates, electronic discussions, video conferencing, and private collaborative virtual workspaces.
Connect with industry experts and seasoned professionals to gain insights and critical know-how for your company.
Our support team provides support for everything a startup needs from bookkeeping to sales.
Training on lean startup topics and networking opportunities for lab members and community entrepreneurs.
Microloans (Pilot Program)
The Microloan Program helps disadvantaged entrepreneurs launching microenterprises overcome critical early-stage funding gaps through small ($500 to $2,500) zero-interest loans. Microloan applications are accepted on a rolling basis throughout the year. Training and support for preparing your application is provided by the Venture Lab.
Restaurant Pop-up Summer Challenge
The Venture Lab, in collaboration with Lackawanna College’s culinary program and student-run restaurant 409 on Adams, helps budding food entrepreneurs test their restaurant startup ideas. Up to four culinary students or community chefs use the 409 on Adams’ commercial kitchen to prepare meals for customers over the summer while receiving training and business planning support from the Venture Lab.
Applications to participate in the program are accepted until March 15.
Do you want to write a book? The Lackawanna College Writers Zone is a community of authors that provide advice, support, and encouragement for writing and publishing. The Venture Lab provides members with marketing strategy insights and assistance creating author websites. We also work with bloggers, influencers, and information product publishers to create digital content.
E-Commerce is a growing industry sector in NEPA. The Venture Lab helps entrepreneurs leverage the power of social media platforms and e-business software to create simple e-commerce websites. Our expertise includes web metrics analysis and search engine optimization (SEO). The lab also consults with other college divisions and programs as they implement creative new e-commerce based services and initiatives.
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