An exec with the Arizona Commerce Authority is leaving to join one of the new Valley businesses aimed at boosting startups. phoenix
Funding education and entrepreneurs especially in underserved communities is important to Bayless and is fueling his new ventures. Over the years, Bayless donated $1.5 million to his alma mater Morehouse College in Atlanta to start an entrepreneurship program that lead to an entrepreneurship degree and funded entrepreneurship programs for the Boys and Girls Club."We are on a hunt for dark horses that can become unicorns," Bayless said.
His nonprofit Journey Venture Studio will reach out to young entrepreneurs who want to co-found health care companies with Bayless and his team. His team will come up with ideas for new startups, issue requests for proposals nationally and provide a stipend and place to live for those selected.The venture studio will be much like the minor leagues for professional athletes, he said.
Over the next few months, they brainstormed on how to get more underserved and underrepresented people to pursue entrepreneurship as a path, Moeremans said. "We are a startup creating more startups," he said."A venture studio is a widget maker and the widget is more businesses."
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