Release Date: June 21, 2016 This content is archived.
BUFFALO, N.Y. – It’s the entrepreneurial-minded college student’s dream summer job: getting paid to build a business.
That’s the premise of Buffalo Student Sandbox, a business development program that pairs student-led companies with expert resources at the University at Buffalo and Western New York.
The eight-week program, which began June 6, is in its second year of operation. It pays participants $300 a week in exchange for attending classes, seminars and other events designed to help them navigate the dynamic environment of creating a successful business.
The companies are:
The teams work independently on their ventures, but also must complete an 8-session course developed by the UB School of Management’s Center for Entrepreneurial Leadership (CEL). Teams also compete for additional resources to help grow their respective businesses.
At the program’s conclusion, teams will demonstrate their products to judges who will award cash prizes.
Sandbox is led by Blackstone LaunchPad at UB, the university’s new hands-on learning initiative that works to introduce entrepreneurship to the university’s students, faculty and staff. UB is one of five institutes of higher learning in New York chosen for the initiative, which is funded by the Blackstone Charitable Foundation’s Entrepreneurship Initiative.
Sandbox is funded by Western New York Incubator Network – a collection of nine incubators – which is managed by UB’s Office of Economic Development.