Washington University in St Louis is to launch grant scheme called Holekamp Seed Fund to back student entrepreneurs with a $500,000 donation from the Holekamp family.
Washington University in St Louis is to launch the $500,000 Holekamp Seed Fund program to provide up to 20 grants to student entrepreneurs each year, the St Louis Post-Dispatch reported yesterday.
The vehicle has been endowed by the Holekamp family and will award $1,000 grants with no conditions attached, though investees will be encouraged to repay in $200 annual instalments after graduation.
Cliff Holekamp, professor of entrepreneurship at Washington’s Olin Business School and partner at VC firm Cultivation Capital, will help scrutinise funding applications alongside his father William Holekamp and Elise Miller Hoffman, the principal of Cultivation.
