Clark Atlanta University to Lead Regional Center for Entrepreneurship as part of PNC $16.8 Million Grant

Published: Oct. 6, 2021 at 3:57 PM CDT|Updated: Oct. 21, 2021 at 11:23 PM CDT

ATLANTA, Oct. 22, 2021 /PRNewswire/ -- Clark Atlanta University will be one of four HBCUs to lead a Regional Center for Entrepreneurship, thanks to a $16.8 million PNC grant.

The national center will be located on the campus of Howard University, and will use a regional structure to include programming at three regional HBCUs—Clark Atlanta University, Morgan State University, and Texas Southern University. CAU will lead the South region, including HBCUs in Georgia, Florida, Alabama, Kentucky, and Tennessee. Each regional center will lead HBCU partners in their respective areas to coordinate education programs, research strategies, business outreach, and other community outreach efforts at partner HBCUs across the country.

A significant focus for the Center and its regional HBCU partners is to engage the black business community in growing their enterprises, thereby positively impacting the community and increasing employment and wealth for the black community.

"Clark Atlanta University's entrepreneurial legacy extends back to the intellectual genealogy of W. E. B. Du Bois, who served as a professor of economics and sociology at Atlanta University for over 23 years in the early 20th century," said CAU President, Dr. George T. French, Jr. "Clark Atlanta University, as well as many HBCUs, are engaged with passion and unfettered creativity to initiatives to enhance black entrepreneurship within the university and their communities.  We have always been at the forefront of entrepreneurship education, including established partnerships with entrepreneurs globally."

The CAU School of Business Administration (CAUSBA), celebrating 75 years of excellence this year, will oversee the Regional Center and will complement ongoing and evolving activities in the Center for Innovation and Entrepreneurial Development (CIED). CIED was established to develop a campus-wide entrepreneurship and innovation ecosystem and Lab/Maker Space.  It offers Innovation and Design Thinking Courses and Workshops; Ideation, Lean Start-Up, and Small Business Mentoring; 3D Printing & Prototyping; Tech Transfer and Commercialization Support; Hackathons; and Business Pitch Competitions.

"CIED is the optimal focal point for innovative initiatives involving campus and community stakeholders," says School of Business Administration Dean Silvanus Udoka.  "The Regional Center for Entrepreneurship will broaden the platform for our scholars to accelerate discovery, spark innovation, and creativity to spawn the launching of our students' entrepreneurial endeavors and professional careers."

CAU's School of Business also has an Entrepreneur-In-Residence program that brings experienced entrepreneurs to the School of Business Administration to advise and assist students and faculty as they launch startups or explore the commercialization of research.  EIRs provide mentorship and guidance to the CAU community on business strategy and design, and social impact.  They also connect investors with inventors, creators, and researchers.

"We are grateful to PNC for providing us with the means to enhance our entrepreneurial initiatives, while promoting collaborations as amongst HBCUs such as Howard University and other prominent regional collaborators" said President French.

About Clark Atlanta University

Established in 1988 by the historic consolidation of Atlanta University (1865) and Clark College (1869). Clark Atlanta University continues a more than 150-year legacy rooted in African-American tradition and focused on the future. Through global innovation, transformative educational experiences, and high-value engagement. CAU cultivates lifted lives that transform the world. Notable alumni include: James Weldon Johnson; American civil rights activist, poet, and songwriter (Lift Every Voice and Sing "The Black National Anthem"; Ralph David Abernathy Sr., American civil rights activist; Congressman Hank Johnson, Georgia District 4; Kenya Barris, American award-winning television and movie producer; Kenny Leon, Tony Award-winning Broadway Director; Jacque Reid, Emmy Award-winning Television Personality and Journalist; Brandon Thompson, Vice President of Diversity and Inclusion for NASCAR; Valeisha Butterfield Jones, Chief Diversity and Inclusion Officer at the Recording Academy. To learn more about Clark Atlanta University, visit www.cau.edu.

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SOURCE Clark Atlanta University

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