Program Offers Start-Up Funding and Student Debt Relief
Young college graduates will soon have the chance to ease the burden of student loans, find a mentor, and receive $15,000 to $250,000 for their dream start-up.
Yesterday the Young Entrepreneur Council (YEC) and Gen Y Capital Partners launched a $10 million program to encourage recent grads to become entrepreneurs.
According to Scott Gerber, founder of YEC, inspiration for the program rose from discussions with young people around the U.S.
“We saw across the board the main issues were college loan debt, becoming ‘boomerangs,’ access to capital and a level of mentorship they felt was missing,” said Gerber.
Over the next few years an estimated 100 startups will receive capital from the initiative. Qualified individuals interested in the program may start submitting applicant on November 1st.