New Nasdaq partnership to deal with entry and fairness in entrepreneurship

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UNIVERSITY PARK, PA. – In line with Penn State’s efforts to raise private sector equity, the Edna Bennett Pierce Prevention Research Center performed the Health and Human Development Design for the Impact Lab (HUDDIL) and the Evidence-to-Impact Collaborative (EIC) Formed a new partnership with the Nasdaq Entrepreneurial Center to support a fairer future for business.

Nasdaq Entrepreneurial Center, an independent nonprofit organization, was founded in 2015 through a generous grant from the Nasdaq Education Foundation with ongoing support from Nasdaq. This partnership demonstrates an ongoing commitment to promoting inclusive growth and prosperity, as highlighted in NASDAQ’s recently launched Purpose Initiative and the widespread proposal in December on the proposed diversity requirements in all publicly listed bodies.

This funded partnership between the Nasdaq Entrepreneurial Center and Penn State will involve EIC researchers with real-world data on entrepreneurship to better understand the outcomes of existing programs to support minority and women-led startups. In addition, the EIC will partner in the development and evaluation of Nasdaq Entrepreneurial Center programs.

The partnership will build a dynamic data infrastructure for the field to generate real-time insights that inform the investor and policy communities through scientific research, narrative storytelling, and relationship building. Taken together, this process will drive the individual transformation for female and male entrepreneurs as well as relational change for employees and at the same time create important foundations for supporting a sustainable system change.

Max Crowley, Director of the EIC, said, “This partnership underscores the growing value of social sciences in the private sector and how science, investing in healthy development, can lead to innovation, wealth accumulation and a more equitable economy.”

According to Meg Small, director of HUDDIL, a key partner in the collaboration, the innovative partnership is a great opportunity for researchers and program developers to transfer the science of human prosperity to the workplace, the economy and ultimately our culture.

“Penn State is committed to innovation and entrepreneurship through Invent Penn State,” said Small. “Our new partnership will improve the opportunities for human development research to expand its role in the corporate ecosystem.”