Macalester College is the latest local educational institution encouraging entrepreneurship through formalized startup incubation.
The St. Paul Liberal Arts school is piloting an initiative this summer dubbed ‘Mac Startups’ where a selected group of students will vet and develop their ideas into functioning and marketable MVP’s. The program will resemble a fellowship model used for academic research projects, in that the college will provide four teams of students (3-5 each) with coworking space, housing, funding and resources.
“We are looking for qualified Minnesota tech entrepreneurs who are willing to provide guidance to these young and ambitious students, and to serve as a resource in their navigation of the startup world,” says Petar Petrovic a current Macalester student and incubator catalyst.
Mac Startups will commence on 5/26, run for 11 weeks, and culminate with a demo day on/around August 8th. He suggests that mentors would share 3-5 hours per week in the form of communication, connections and product development feedback.
In addition to directly fostering technology entrepreneurship on campus, Petrovic says that going “beyond beta” and to actually commercialize MVP’s is the benchmark of startup success, and a core objective of Mac Startups.