Xavier University and Pryce Corporation broke ground last March 29 for the construction of the Xavier University–Pryce Center for Entrepreneurship.
The so-called student mall will rise between the Science Center and Agriculture Buildings. Construction is expected to be completed by September. A new gate will be opened fronting Corrales Avenue.
The 3-storey facility will serve as a laboratory for emerging entrepreneurs and support the Student Entrepreneurship Program (SEP) of the school intended to initiate and nurture student-led and operated enterprises.
The Xavier University–Pryce Center for Entrepreneurship will operate like a student business incubator. Students are eligible to apply to the SEP. Business ideas that will be accepted for incubation in the center will be provided with seed capital alongside consultancy and advisory services, marketing assistance, technology development and business linkages. The student business owners will also be taught entrepreneurial values, business ethics, environmental stewardship and corporate social responsibility.
The center will have around 13 shopping stalls where the students can display and market their products. The center will also be equipped with a training room for developing entrepreneurship modules and a business center complete with computer units, a telephone line and an internet connection.
Students not just from Business courses but also from other fields like Engineering and Education have already started submitting proposals for business incubation.
XU President Jose Ramon Villarin and Pryce Corporation Chairman and XU alumnus Salvador Escaño led the groundbreaking ceremony.
In a related development, a new XU bookstore will be located at the ground floor of the STC building accessible to students as shown below.
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