TOWSON, Md. (WJZ) — Towson University President Dr. Kim Schatzel will join Baltimore County Executive Johnny Olszewski in cutting the ribbon for Towson University’s StarTUp at the renovated Towson Armory.

This newly renovated space will be home to other entrepreneurship programs, competitions and events for students and other professionals.

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This new area will include high-speed WiFi, seven conference rooms and 15 offices. StarTUp isn’t the only new addition to the armory, the building will also feature a Starbucks with outdoor seating.

The StarTUp accelerator is an intensive eight-week, cohort-based fellowship where start-up businesses can work in a collaborative space to help expand. The group of students will receive a $10,000 stipend and exposure to other successful businesses that have come out of this program.

“The StarTUp is TU’s destination hub for entrepreneurs and business engagement right in the heart of Towson. This innovative space will convene and catalyze entrepreneurs and business leaders—and connect them to Towson University’s outstanding faculty and students,” said university President Kim Schatzel.

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The program is meant to provide opportunities for budding entrepreneurs. It was first introduced by the executive director of entrepreneurship Patrick McQuown.

“We had very competitive applications and we are very pleased with the quality of ventures for our inaugural cohort,” said McQuown.

The first cohort is six ventures and will have the support of other entrepreneurs. They will also have 24/7 access to mentorship from McQuown.

Some of the businesses in this program include Flave, Good Choice Productions and Everdura.

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CBS Baltimore Staff