Mihaylo’s Center for Entrepreneurship is preparing to open the Center for Innovation, the first CSUF business incubator, in Placentia. The business incubator will utilize entrepreneurs in residence and industry-experienced mentors affiliated with the Center for Entrepreneurship to guide aspiring business start-ups into viable business models.
Students at CSU Fullerton often aspire to start their own businesses, yet attaining the skills, resources and knowledge to succeed can be a daunting task.
“It is my observation that we have many outstanding entrepreneurs with innovative business ideas at CSUF; with proper support and coaching for the entrepreneurs, these ideas could become viable businesses, “John Bradley Jackson, director of Mihaylo’s Center for Entrepreneurship, says. Three years ago, he wrote the business plan for the Center for Innovation, an off-campus business incubator that will open in nearby Placentia by mid-November.
Established through a partnership with the City of Placentia, which provided the small building at 120 South Bradford, the center will be a “mixed-use incubator.” Jackson explains: “This means that we do not specialize in a certain type of industry. We are looking for innovative ideas that are scalable, meaning capable of growing to a large company. The scalability requirement favors companies that build repeatable products rather than direct labor businesses.”