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University of Iowa News Release


Aug. 24, 2007

FastTrac training program for entrepreneurs starts Sept. 26

Aspiring entrepreneurs can evaluate business opportunities and develop a business plan at the FastTrac® NewVenture™ entrepreneurial training program offered by the John Pappajohn Entrepreneurial Center (JPEC) and the Small Business Development Center at the University of Iowa.

The sessions will be held on Wednesday nights in the Seamans Center from 6:30 to 9 p.m. starting Sept. 26 and ending Nov. 14. The deadline to register for the fall class is Wednesday, Sept. 19. For more information, or to register online, visit

"The FastTrac® NewVenture™ training program is designed to help Iowans take the first steps to start or grow a business," said David Hensley, JPEC executive director and clinical professor. This nationally acclaimed training program was developed by the Ewing Marion Kauffman Foundation of Kansas City.

"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," Hensley said. "This is a great way for Iowans to jump into entrepreneurship and discover if running a business is the right choice for them."

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 be 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 $149 thanks to a grant from the Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman Foundation, a national partner of FastTrac®. The fee includes tuition, course materials, a CD-ROM with business planning software, and one-on-one mentoring. Enrollment is limited; register online at or call JPEC at 319-335-1022.

Established in 1996 through the generous support of John and Mary Pappajohn, JPEC provides a unique opportunity for all UI students to take courses in entrepreneurship and earn a Certificate in Entrepreneurship in addition to their undergraduate major. In addition to partnering with Iowa community colleges to teach entrepreneurship programs statewide, JPEC offers several programs to foster the development of entrepreneurial skills in Iowa's youth, and supports the creation of sustainable technology companies in Iowa.

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

MEDIA CONTACT: Tom Snee, 319-384-0010,