WBU business accelerator set for grand opening
May 19, 2014
PLAINVIEW – The Wayland Baptist University School of Business will celebrate the grand opening of its new venture, the Spark Business Accelerator, on Friday, May 30. The time will be coordinated through the Chamber of Commerce.
Spark is a business accelerator program designed by the School of Business to help would-be entrepreneurs develop a business model to better facilitate success in the marketplace. Led by Dr. Charles Starnes, professor of economics and associate dean of master’s programs, Spark will help businessmen and women turn their ideas into successful ventures.
“The business model is the core of the business plan,” Starnes said. “The essence of a business model is how that business actually takes an idea, produces a product through the acquisition and use of resources needed, and gets it to the marketplace.”
Starnes said the School of Business began working on the business accelerator idea as a result of the closure of Cargill Meat Solutions last year. The idea is to provide a spark to those individuals who may have a valid business idea, but need some help in developing their model. Community members and college students can take advantage of the program. Starnes pointed out that many major companies and business ventures started out in dorm rooms or someone’s garage before developing into multi-million dollar corporations.
A nominal fee will be charged to cover costs for the use of the facility. Some office and conference space will be available along with computer and Internet access and business counseling services. The Spark building is located at 1812 B W. 5th Street, the corner of Raleigh and 5th, in Plainview. For more information, call 806-213-7776.