On Bauer Business Focus — A conversation on a new startup accelerator with Andrew Schneider, business reporter for KUHF 88.7 FM.
From Google to Facebook, technology startups are giving entrepreneurs a new playing ground for starting innovative businesses. The C. T. Bauer College of Business at the University of Houston plans to give students the mix of tech and business skills to succeed in the market with REDLabs, a startup accelerator housed in the college that launches this semester.
Hesam Panahi, a clinical assistant professor in the college’s Department of Decision & Information Sciences, stopped by Bauer Business Focus recently to discuss how REDLabs will help make students turn their ideas into reality.
“I realized that a problem that a lot of students have, in any university, is they have these ideas and they want to experience what a startup is. I thought we could provide them those resources and see what that experience is like,” Panahi said. “One of the most important questions they need to encounter is whether or not they want to start a business, so while they are going through college now, they can learn about the process.”
REDLabs will not only provide education and course credit for students, but will also connect them to mentors and offer legal advice, according to Panahi.
“In the first month, we get you started thinking about the business model, what is the problem you are solving, and from that point on, we connect you with different mentors in the area you are working on. In addition to that, we have workshops where people coach you on things you need to know, like financial and legal issues, so it’s not just a space to work out of, but an opportunity to connect with the community and mentors.”
Click here to hear the full interview.