Driven by Penn State president Eric Barron, Penn State is launching a series of new initiatives to promote innovation and entrepreneurship across the state. Among these initiatives is the Penn State Summer Founders Program, which provides six teams of entrepreneurs (including at least one Penn State student each) with $10,000 grants to pursue their startups between May 18 and August 1 in State College. Thanks to this program, students will have the space and the funding to run with their innovative ideas and to spend a summer focusing on their start-ups. Barron hopes to create the future generation of Penn State entrepreneurs with this program and others like it.