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University of Iowa News Release

Feb. 19, 2004

UI Offers FastTrac Training Program For Entrepreneurs

The John Pappajohn Entrepreneurial Center and Small Business Development Center at the University of Iowa will offer the FastTrac NewVenture training program this spring.

The seven-week program will run Wednesday evenings March 3 through April 21 from 6 p.m. to 8:30 p.m. in Room 109 of the English and Philosophy Building at the UI.

The FastTrac NewVenture training program is designed to help aspiring entrepreneurs evaluate business opportunities and develop a plan for successfully starting a new business.

"Aspiring entrepreneurs who complete this course will have developed the skills necessary to properly evaluate a business opportunity and leave with a written plan for launching their new venture. They will leave with an understanding of funding options available to them," said David Hensley, director of the John Pappajohn Entrepreneurial Center.

Specific topics covered in the program include opportunity recognition, market research and analysis, market penetration, pricing, financial projections, cash flow management and sources of financing. Participants can also learn about the Wellmark Venture Capital Fund, established in 2002 to assist business start-ups in Iowa.

During each session, participants learn from experienced entrepreneurs and educators. In addition, local business experts share their experiences and knowledge with the class. Participants are able to network with other aspiring entrepreneurs and work on their business plans.

FastTrac NewVenture normally costs $249, but the UI is able to offer the program for $99 thanks to a grant from the Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman Foundation. The $99 fee includes tuition, course materials, business planning software CD-ROM, and one-on-one mentoring.

Enrollment is limited. To register or for more information, contact Paula McMartin at the Small Business Development Center at 319-335-3742.

STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.

CONTACTS: Media: George McCrory, 319-384-0012, Paula McMartin, Small Business Development Center, 319-335-3742 ,