Lehigh received a $275,000 grant from the U.S. Department of Commerce that will help create a program that links student interns from Lehigh Valley colleges with local startup companies. The Lehigh Urban Entrepreneurship Collaborative will be run through Lehigh University's Baker Institute for Entrepreneurship, and the Lehigh Valley Economic Development Corp will help run the internship program.
The program will be available to students from nine schools in the Lehigh Valley area, including Lehigh University. It's purpose is to allow graduating students who are developing a business to remain at school for a fifth year to work on their enterprise with continued university support. Another focus of the grant is to establish resident entrepreneurial mentors at the university, whose will help students develop business ideas.