BLACKSBURG, Va. —
A former fraternity house near the Virginia Tech campus is now the home for a group of budding entrepreneurs.
Virginia Tech invited freshmen with “entrepreneurial spirits” to apply to live in the $5 million brick mansion after the Sigma Phi Epsilon fraternity was kicked off campus in May for bad behavior.
The program is called Innovate. The plan is to fill the mansion with innovators, give them some guidance and then watch startups roll out the front door.
The Roanoke Times reports that the program has been a success in its first semester. Several students are working on startups.
Twenty-two of the 35 freshmen in the program have been invited to stay through next school year. Other spots will be filled by new applicants.