Loyola University in Baltimore, Maryland and Wasabi Ventures, a venture capital company in San Mateo, California, have begun a new-business accelerator near the university’s campus. As part of the collaboration, Wasabi’s co-founder Thomas “T.K.” Kuegler, a 1994 Loyola graduate, will serve as the university’s entrepreneur-in-residence.
Loyola says the accelerator will provide opportunities for its students and help the surrounding community. “It creates new opportunities for our students to think creatively about new products, new markets, and the types of business, marketing, and expansion plans that will help young companies grow, and to apply these ideas to real-world organizations and the entrepreneurs behind them,” says Rev. Brian Linnane, Loyola’s president. “For those with an entrepreneurial spirit of their own, it can give them a chance to get their own businesses off the ground.”