Penn State is making strides to create a more equitable economy, one that will support the success of minority and female-led startups, create relational change for employees and lay critical foundations to support sustained systems change.

A new partnership between Penn State-based Edna Bennett Pierce Prevention Research Center’s Health and Human Development Design for Impact Lab (HUDDIL) and the Evidence-to-Impact Collaborative (EIC) and the Nasdaq Entrepreneurial Center will advance inclusive growth and prosperity in business. 

“This partnership highlights the growing value for social science in the private sector and how the science of investing in healthy development can translate into innovation, the accumulation of wealth and a more equitable economy,” says Max Crowley, director of the EIC. 

As part of the partnership with the Nasdaq Entrepreneurial Center, EIC researchers will study success stories of existing programs that support minority and female-led startups, as well as developing and evaluating Nasdaq Entrepreneurial Center programs.

Through research in both investor and policy communities, the process will be a catalyst for individual transformation for female and minority entrepreneurs and lay critical foundations to support sustained systems change.

Meg Small, director of the HUDDIL, which is a key partner in the collaboration, says that the innovative partnership is a great opportunity for researchers and program developers to translate the science about human flourishing into the workplace, the economy, and ultimately our culture.

“Penn State has made a commitment to innovation and entrepreneurship through Invent Penn State,” she says. “Our new partnership will increase opportunities for human development research to expand its role in the entrepreneurial ecosystem.”