The incubator will provide external networking opportunities through its location within a Dallas facility operated by Foundry Club.
University-sponsored entrepreneurs from Southern Methodist University (SMU) are to gain access to a new incubator program with space to help build their teams, expertise and strategies.
SMU Incubator will consider applications from university faculty, students and staff. It has secured capacity within a Dallas facility operated by incubator Foundry Club, and will encourage its participants to connect with Foundry Club-linked businesses, accelerators and investors.
SMU Incubator will provide university project teams with a formal address for purposes such as commercial meetings, funding pitches and mentorship sessions. The facility plans to run group training classes and host events related to specific business interests.
Aside from a $35 access card fee, there will be no charges to join the program. Applications from the winners and runners-up of SMU’s student business plan competitions will be accepted automatically.
James Quick, associate vice-president for research and dean of graduate studies at SMU, said: “One cannot overstate the potential of the SMU Incubator to facilitate valuable networking. Getting the right people together in a professional working environment can make a big difference, particularly for a student entrepreneur.”