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UI Offers FastTrac NewVenture Training Program for Entrepreneurs

The John Pappajohn Entrepreneurial Center and the Small Business Development Center at The University of Iowa, the Iowa City Area Chamber of Commerce, and F&M Bank will offer FastTrac® NewVenture, a training program of the Ewing Marion Kauffman Foundation of Kansas City, this fall. The seven-week program will run Tuesday evenings starting September 20 through November 1 from 6:30 p.m. to 9:00 p.m. on the UI campus.

FastTrac® NewVenture is designed to help aspiring entrepreneurs evaluate business opportunities and develop a plan for successfully starting a new business. "Aspiring entrepreneurs who complete this course will have developed the skills necessary to properly evaluate a business opportunity and leave with a written plan for launching their new venture. They will also know what funding options are available to them," said David Hensley, director of the John Pappajohn Entrepreneurial Center.

Specific topics covered in the program include opportunity recognition, market research and analysis, market penetration, pricing, financial projections, cash flow management and sources of financing. Participants will also learn about the Wellmark Venture Capital Fund, established in 2002 to assist business start-ups in Iowa.

During each session, participants will learn from experienced entrepreneurs and educators. In addition, local business experts will share their experiences and knowledge with the class. Participants will be able to network with other aspiring entrepreneurs and work on their business plans.

FastTrac® NewVenture normally costs $349, but the UI is able to offer the program for $99, thanks to a grant from the Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman Foundation, a national partner of FastTrac®. The $99 fee includes tuition, course materials, business planning software CD-ROM, and one-on-one mentoring.

Enrollment is limited. Registration forms are available online at www.iowajpec.org.


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