Start-Up Accelerator Happy Valley LaunchBox Opens In State College

Apr 1, 2016

There was a spirit of celebration in downtown State College yesterday. It wasn’t a pep rally – it was the ribbon cutting ceremony for the new start-up accelerator named Happy Valley LaunchBox.

It’s a part of the “Invent Penn State” program the university started last year, but it’s not just for students. Here’s how it works – business start-ups pitch their ideas and if approved, they receive up to nine months of free office space, a 10-week business class and professional legal and marketing advice.  

Deputy Secretary of the PA Department of Community & Economic Development Sheri Collins, Manager of the Borough of State College Tom Fountaine, Penn State President Eric Barron, Penn State Vice President for Research Neil Sharkey, the Nittany Lion mascot, Molly Barron and State College Mayor Elizabeth Goreham
Credit Erin Cassidy Hendrick / WPSU

Penn State president Eric Barron said the LaunchBox is a chance for entrepreneurs to stay local when they start their businesses.

“I see many students who leave here and go to a place like Silicon Valley and live in a really crummy place and eat ramen noodles. This is an opportunity to come from Penn State, into our community and create your company with the support of a community and to realize that your university and your community are here to help you be successful,” he said.

Five businesses are already working in the space, and Penn State hopes to add up to 30 start-ups per year.