Okoboji, IA (KICD)–Hundreds gathered at Peace Harbor Sunday night to recognize the 32 students on hand for the 8th annual Okoboji Entrepreneurial Institute.
Students will work in teams on a computer-based simulation that incorporates the creation and operation of a new business. There will be a fundraising round where the teams present their plans to community volunteer venture capitalists to acquire capital to fuel growth for their simulated companies.The community service project will continue this year, with the students volunteering their time at Special Youth Challenge. Students will also have the opportunity to visit eight local companies and learn more about entrepreneurs in their place of business and will hear from a number of speakers throughout the week.
Corridor president Kathy Evert tells KICD News their experience will last a lifetime.
Also on hand at the reception were alums who shared testimonials about the program. University of Iowa representative David Hensley says OEI has kick-started many careers.
Host Tom Bedell says there were about 60 people on hand for the first OEI.
The Okoboji Entrepreneurial Institute is a joint effort of the Pappajohn Entrepreneurial Centers at the University of Iowa, Iowa State University, University of Northern Iowa, Buena Vista University, Iowa Lakes Community College, and the Iowa Lakes Corridor Development Corporation. Graduation is set for Friday.