President's Report 2006 | today.mun.ca

Start-up specialists comb campus for new ideas

The staff of the Gateway can help members of the Memorial community bring their business ideas to life.

Since 2001, members of Memorial's Enterprise and Entrepreneurship Gateway (Gateway) have helped students, staff, faculty, and alumni explore new business opportunities, establish 25 new companies and create 70 new jobs. In total, the Gateway's venture coaches have met with over 500 clients from across the university and they're looking to meet even more.

At the beginning of each semester, Gateway staff look for opportunities to meet with students and make them aware of the centre's business counselling services. “If you've ever considered how a project or idea might be turned into a commercial venture then the Gateway should be your starting point,” said Shari Costello, associate director. “It's often difficult to decide what you need to bring your business idea to life; we bring together expertise and resources from around the university and provide one-stop shopping so to speak for potential clients.”

The Gateway's partners include the faculties of Business Administration and Engineering and Applied Science, the Inco Innovation Centre, the Genesis Centre, and the National Research Council's Institute of Ocean Technology. The Gateway model has also been replicated at Sir Wilfred Grenfell College as Gateway West. Each partner works with promising entrepreneurs to provide them with the technical, business management and mentorship support to launch successful businesses and to create the most enabling environment for entrepreneurship in an academic setting.

In addition to the main office in the P. J. Gardiner Institute on the fourth floor of the Business Administration Building, the Gateway has also established a satellite office in the University Centre. For more information about the Gateway's hours of operation, location, or how to start up your own business, please contact 737-8855 or visit www.business.mun.ca/gateway.

(Originally posted on today.mun.ca on Jan 25, 2006)