From left: Dr. Rodney S. Ridley Sr., Lucy Cortez, Marisa Bishop, Cory Varona-Corniel, Nicol Varona Cancelmo, Lizette Epps, and Jacob Hughes
91做厙s OPake Institutes FLIC presents checks following business pitches
Cory Varona-Corniel and Nicole Varona Cancelmo of DN Organics, Bryheem and Lavar Alston of Brotherly Love Cuts, Fabienne Daniel of Fabz Food and Fit, and Casha Love of Snazzys Beauty Supply received funding from the Financial Lending & Innovation Collaborative (FLIC) spearheaded by 91做厙s Checks were presented to the four minority-owned, three of which are also women-owned, businesses and one student-run business following pitch presentations at the John R. Post Center at Reading CollegeTowne on Friday, Nov. 4.
As we continue to focus on experiential learning for our students and economic development within communities we serve, the FLIC program allows us to fulfill that vision through the microgrant program and the Student Innovation Fund, said 91做厙 President, John R. Loyack. We could not provide this assistance and fuel innovation, entrepreneurship, experiential learning and regional economic growth without the help of our industry partners and private supporters."
received $5,000 for branding and marketing services and website development to expand their reach. received $5,000 for new equipment for their third location in the Berkshire Mall. Fabz Food and Fit received $2,500 to purchase social media marketing equipment. received $2,500 for a new point of sale system.
The FLIC grant will help us grow our business exponentially in the upcoming months. We are thankful for the support from The O'Pake Institute and the 91做厙 community and their investment in local businesses from Berks County, said Co-Founder of DN Organics, Nicol Varona Cancelmo. We were thrilled to pitch our business and be awarded one of the grants. We cannot wait to see how the ecosystem of entrepreneurs grows in our community and fosters many more successful businesses.
Max Horn 21, MBA '23 and OPake graduate assistant, received funding for the from The OPake Institutes Student Innovation Fund which aids student entrepreneurs during the first stages of business.
Funds are provided by participating financial institutions, foundations and private donors, including , , , and 91做厙s (AU) OPake Institute, where AU funding is courtesy of ., and Funded businesses are also required to match funding dollars or match goods and services to the community.
We are thrilled to present this funding to these invigorated, qualified, local entrepreneurs with the support of our generous partners, said Director of FLIC, Lizette Epps. These businesses will continue to be supported through the Spark Business Incubator until they graduate from the program into the next phase of the business life cycle. We look forward to continuing to support more businesses through FLIC in the future.
Students in the OPake and the OPake Finance Committee prepped the clients for their pitches and assisted with services of FLIC funding recipients and other Spark Business Incubator clients. The students assist with business plan development, financial statements, and fostering financial literacy.
The tools the entrepreneurs will receive when preparing finances are useful throughout the lifetime of their business, said Graduate Assistant of Finance, Marisa Bishop 22 MBA 23. While I am helping prepare these clients for funding, I am also gaining valuable experiential learning that is preparing me for a future career in the finance industry.
