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University of Iowa News Release

Feb. 21, 2005

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 2 through April 20 from 6:30 p.m. to 9 p.m. on the UI campus.

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 also know what funding options are 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 will also learn about the Wellmark Venture Capital Fund, established in 2002 to assist business start-ups in Iowa.

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

FastTrac NewVenture normally costs $349, 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 319-335-3742.

CONTACTS: Media: George McCrory, University of Iowa News Services 319-384-0012,; Program: Paula McMartin, John Pappajohn Entrepreneurial Center, 319-335-3742,