The Kogod Sustainable Entrepreneurship and Innovation Initiative

Dedicated to helping individuals with income planning and tax preparation, Barry Kornfeld serves as the co-founder of First Financial Tax Group in Boca Raton, Florida, where he and his colleagues specialize in First Position Commercial Mortgage (FPCM) notes with a five percent yield for 12-month terms. Barry Kornfeld further supports the community by contributing to a number of organizations, including his alma mater, American University.

Among its many programs, American University’s Kogod School of Business recently launched the Sustainable Entrepreneurship and Innovation Initiative to offer students and graduates an entrepreneurial workspace and a business mentor who can help them realize their ideas. The initiative is designed to foster a flourishing entrepreneurial environment that delivers the support and resources necessary to transform innovative concepts into research and new ventures.

To help students start their enterprises, the initiative presents each business team with a $1,500 grant for initial start-up expenses, such as the legal fees associated with incorporating a company. Ventures that progress past the concept stage and demonstrate traction will also be eligible to apply for seed capital from American University’s recently established $100,000 Entrepreneurship Venture Fund. By creating the campus-based start-up incubator in 2014, American University hopes to promote sustainable entrepreneurship that leads to long-term social, environmental, and economic benefits.

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