PLEASANT HILL, Calif. – John F. Kennedy University’s Institute of Entrepreneurial Leadership (IEL) announced a successful completion of its first full year of operation.
Between July 2011 and June 2012, the Institute achieved a 75% success rate through its educational programs. Of the 47 students who completed the IEL’s certificate program, 35 of them either started new companies or are seeing significant growth in their existing companies. Of the 35, 29 – or 83% –are companies owned by women, minorities, disadvantaged groups, or service-disabled veterans.
As a result of the instruction and mentoring through the IEL’s certificate program, the 35 companies are projecting revenue growth of nearly 65% – from approximately $95 million at the close of 2011 to more than $157 million in 2013. Companies were able to raise more than $3 million in capital from angel investors while participating in the IEL program and are in the process of raising over $13.5 Million in additional capital, providing a strong jolt to the local economy.
Coupled with this growth in revenue is a projected increase in employment opportunities. Over the next 12 months, the 35 companies expect to create in excess of 230 jobs.
“We are extremely excited about our success in the first year, helping current and future business owners create more value and jobs,” said Dr. Raul Deju, the Institute of Entrepreneurial Leadership’s Director. “Of course, this sets up a much higher bar for the program for the coming year.”
This fall, the Institute is poised to expand its program, with additional, expanded classes and integration of an online component. Students also now have the opportunity to earn academic credit for the Certificate classes, making them eligible to receive financial aid. In addition, the Certificate program is approved under the Workforce Investment Act (WIA) and is on California’s Eligible Training Provider List (ETPL). Individuals interested in the Certificate program are invited to participate in the October 23 webinar. For details and to register, click here.
The Institute also is launching a Resident Entrepreneurship program at its Concord Business Accelerator, offering individuals a low-cost option to rent office space and obtain support services while receiving mentoring from the Institute’s staff.
JFK University’s Institute of Entrepreneurial Leadership is located at 2151 Salvio Street, Suite 350, Concord, California. The Institute’s programs are made possible through the generosity of Chevron Corporation, Heritage Bank of Commerce, Wells Fargo and a number of other donors. For more information about the IEL and its programs, visit www.jfku.edu/iel.
About John F. Kennedy University
Founded in 1964, John F. Kennedy University was among the first institutions of higher education in California committed to lifelong learning for adults. Today, the University’s three Colleges and Continuing Education division provide innovative higher education opportunities to more than 2,000 professionals who, despite a full range of life responsibilities, are determined to advance their education and improve their future. The Continuing Education division provides professional development education to more than 2,500 individuals per year. A pioneer of education that integrates theory and practice, John F. Kennedy University and its students touch the lives of more than 30,000 people in Bay Area communities every year through their support of outreach centers and public programs.
About the National University System
The National University System was established to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities. Dr. Jerry C. Lee has served as the System’s Chancellor since it was founded in 2001. In addition to John F. Kennedy University, the affiliates of the National University System are National University; National University International; the Division of Pre-College Programs consisting of National University Virtual High School and National University Academy; Spectrum Pacific Learning; and WestMed College. Entities related to the System include the National University System Institute for Policy Research, the National University Golf Academy, and the Center for Integrative Health. For more information, visit: www.nusystem.org.