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CSUB receives pledges of $1 million-plus to establish business accelerator

In the latest investment aimed at supporting local entrepreneurship, Cal State Bakersfield disclosed Thursday it has received a series of private pledges totaling more than $1 million for the launch of a new center to help prospective business owners create their own startups.

The university's proposed Center for Entrepreneurship and Innovation would enroll its first group of perhaps a dozen aspiring business founders as soon as next spring. Initial plans call for putting them through an intense, 10-week accelerator program; a longer-term office support system called a business incubator would likely be added in the years ahead.