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University of Iowa News Release

Sept. 24, 2004

UI To Offer FastTrac Training Program For Entrepreneurs

The John Pappajohn Entrepreneurial Center and Small Business Development Center at the University of Iowa will offer the FastTrac New Venture training program this fall.

The seven-week program will run Wednesday evenings Oct. 6 through Nov. 17 from 6:30 p.m. to 9 p.m. in the John Pappajohn Business Building on the UI campus.

The FastTrac New Venture training program is designed to help aspiring entrepreneurs evaluate business opportunities and develop a plan for successfully starting a new business.

"Aspiring entrepreneurs who complete this course will have developed the skills necessary to properly evaluate a business opportunity, and they will leave with a written plan for launching their new venture and understanding of funding options available to them," according to David Hensley, director of the John Pappajohn Entrepreneurial Center.

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 New Venture normally costs $249, but the UI is able to offer the program at the reduced rate of $99 thanks to a grant from the Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman and co-sponsorship from U.S. Bank. The $99 fee includes tuition, course materials, business planning software CD-ROM and one-on-one mentoring.

Enrollment is limited. To register or for more information, contact Paula McMartin at the John Pappajohn Entrepreneurial Center at 319-335-1022.

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

CONTACTS: Media: George McCrory, 319-384-0012, george-mccrory@uiowa.edu. Program: Paula McMartin, John Pappajohn Entrepreneurial Center, 319-335-1022, paula-mcmartin@uiowa.edu