{"id":184342,"date":"2016-09-29T15:33:54","date_gmt":"2016-09-29T19:33:54","guid":{"rendered":"http:\/\/www.rochester.edu\/newscenter\/?p=184342"},"modified":"2016-10-05T11:02:04","modified_gmt":"2016-10-05T15:02:04","slug":"ain-center-grant-will-support-social-entrepreneurs-184342","status":"publish","type":"post","link":"https:\/\/www.rochester.edu\/newscenter\/ain-center-grant-will-support-social-entrepreneurs-184342\/","title":{"rendered":"Ain Center grant will support social entrepreneurs"},"content":{"rendered":"<figure id=\"attachment_184352\" aria-describedby=\"caption-attachment-184352\" style=\"width: 597px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-184352\" src=\"https:\/\/www.rochester.edu\/newscenter\/wp-content\/uploads\/2016\/09\/oasis.jpg\" alt=\"four students standing in warehouse\" width=\"597\" height=\"299\" \/><figcaption id=\"caption-attachment-184352\" class=\"wp-caption-text\">Simon MBA students Kat Cook, Fahria Omar, and Sarah Spoto tour a Foodlink warehouse as part of their project to address food deserts in urban neighborhoods.<\/figcaption><\/figure>\n<p>Three<strong><a href=\"http:\/\/www.simon.rochester.edu\/index.aspx\"> Simon Business School<\/a><\/strong> MBA candidates want to place frozen food vending machines in underprivileged urban neighborhoods where grocery stores are scarce, so residents have access to healthy meals.<\/p>\n<p>Their start-up, Oasis Foods, is an example of the social entrepreneurship the <strong><a href=\"http:\/\/www.rochester.edu\/entrepreneurship\/\">Ain Center for Entrepreneurship<\/a><\/strong> hopes to encourage with a $538,000 federal Economic Development Administration grant. The funding will also support entrepreneurial training in rural Finger Lakes communities.<\/p>\n<p>The federal funding, matched by the Ain Center, includes designation of Rochester as an EDA-supported \u201cuniversity center\u201d \u2013 the first in the Rochester region. The EDA program is specifically designed to marshal university resources to support economic development strategies in the regions where the universities are located.<\/p>\n<p>\u201cI think this shows where we stand nationally,\u201d said Duncan Moore, the University\u2019s vice provost for entrepreneurship. \u201cWe\u2019ve raised the bar with our entrepreneurship programs.\u201d<\/p>\n<p>Moore says the five-year project will focus on two main areas:<\/p>\n<ul>\n<li>Support and training for student venture teams who want to address poverty, poor education and nutrition, and institutional and societal biases in urban neighborhoods, led by Michael Wohl, associate director of social entrepreneurship at Simon.<\/li>\n<li>A similar approach, including an entrepreneurial boot camp program for nontechnical entrepreneurs, in rural communities in the Finger Lakes, in partnership with SUNY Geneseo, Hobart and William Smith Colleges, and local chambers of commerce.<\/li>\n<\/ul>\n<p>The City of Rochester, U.S. Representative Louise Slaughter, High Tech Rochester, Excel Partners, and SUNY Geneseo were key supporters of the University\u2019s application for the funding.<\/p>\n<p>Judith Albers, the VanArsdale Chair of Entrepreneurship at Geneseo, said four to five teams of students in her class will be working on projects that include social and\/or agricultural entrepreneurship this school year.<\/p>\n<p>\u201cWe are happy to be part of this,\u201d she said.<\/p>\n<p>Moore said the increasing interest among business majors in social entrepreneurship stems from the fact that \u201cstudents today are much more socially engaged.\u201d<\/p>\n<p>Wohl, who teaches an urban entrepreneurship class at Simon, says \u201csocial entrepreneurship is a recognition there are societal issues that are vital and important to a thriving and sustainable community.\u201d<\/p>\n<p>Oasis Foods began as a project in Wohl\u2019s class last fall. The challenge was how to address the so-called \u201cfood deserts\u201d in urban neighborhoods that lack major grocery stores, where residents must rely instead on convenience stores and fast food chains with less nutritious offerings.<\/p>\n<p>The three-student team of Kat Cook, Fahria Omar, and Sarah Spoto came up with the idea of a frozen preprepared meal company that could serve its healthy products straight to consumers via vending machines. The team eventually took first place in the Social and Non-Profit Entrepreneurship category at this year\u2019s statewide, intercollegiate New York Business Plan Competition. The students received $10,000 in seed money and are now pursuing their project at the University of Rochester Student Incubator in collaboration with FoodLink, a Rochester nonprofit food bank.<\/p>\n<p>\u201cStudents are more interested in social entrepreneurship today because that\u2019s where business is going,\u201d Spoto says. \u201cMy generation \u2013 the millennials &#8212; are interested in not just treating stakeholders well, but actually making a positive impact beyond profits.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oasis Foods, a start-up run by three Simon Business School MBA candidates, is an example of the social entrepreneurship the Ain Center for Entrepreneurship hopes to encourage with a $538,000 federal Economic Development Administration grant. <\/p>\n","protected":false},"author":286,"featured_media":185182,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[456],"tags":[27172,25182,49,2306],"class_list":["post-184342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-society-culture","tag-ain-center-for-entrepreneurship","tag-duncan-moore","tag-entrepreneurship","tag-grant"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ain Center grant will support social entrepreneurs<\/title>\n<meta name=\"description\" content=\"Student teams will tackle urban, rural obstacles to thriving, sustainable communities\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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