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Published by www.EPlusPromotes.com www.TheCatoctinBanner.com The Catoctin Banner Newspaper May 2017 Page 13
Mount St. Mary’s University Announces The Palmieri
Center for Entrepreneurship: Center Created With a
$1 Million Donation
Mount St. Mary’s University practical approach to venture
Interim President Tim Trainor development, innovation, and
announced in April that successful design thinking. The center
alumni Paul Palmieri (pictured will challenge and embolden
right) and Diane Loiello Palmieri all students, regardless of
will donate $1 million to their major, to develop the
establish the Palmieri Center for skills and resources necessary
Entrepreneurship, an innovative to achieve their goals.
student resource that will provide The Palmieris have had
students with skills, mentorship, an entrepreneurial mindset
and experiences vital to for decades. Diane Loiello
entrepreneurship. The center will Palmieri has held positions
open later this year after hiring a across the fields of marketing
director and will provide students and advertising, and
with co-curricular experiences, currently sits on the board
such as workshops, exclusive of the American Red Cross.
networking and mentorship, Paul Palmieri is credited
innovative startup immersion, and with helping to develop and
business plan competitions. establish the beginnings of
“Diane and I are grateful the mobile internet, as well
for the educational experiences as the app economy. He was
Mount St. Mary’s has provided our Photo Courtesy of Mount St. Mary’s University the co-founder, chairman and
family for three generations,” said CEO of Millennial Media,
Paul Palmieri, class of ’92, who is also a member of the the leading independent mobile advertising platform,
university’s board of trustees. “We believe the Mount is which he grew from startup through its public offering
the perfect place to establish the center, because it has a on the New York Stock Exchange. A few years later,
rich history of graduates who have gone on to become he stepped down to launch his efforts to help other
successful entrepreneurs—it’s in the university’s DNA.” entrepreneurs as an investor and advisor. He is currently
The center seeks to integrate real-world a general partner at Grit Capital, an early stage venture
entrepreneurial skills across all disciplines. “Individuals capital firm that he co-founded; a venture partner with
who take risk to find new horizons—for industry, the Blue Run Ventures in Menlo Park, California, and he
arts, the sciences—are all entrepreneurs,” said Diane sits on the boards of Link Labs and Scorestream. He is
Loiello Palmieri, class of ’83. “All students can benefit a past regional winner and current national judge for
from the risk-taking skills, activities, and design thinking the E&Y Entrepreneur of the Year program, was named
that lead to entrepreneurial accomplishment.” Influential Marylander twice, and received a lifetime
“We are extremely excited about the Palmieri Center achievement award in 2016 for impact on the Baltimore
for Entrepreneurship and grateful for the generosity entrepreneurial community.
and innovative ideas of the Palmieris,” said Trainor. Mr. Palmieri has also worked with Mount students
“Through the center, students will have access to hands- for several years, taking entrepreneurship classes to
on, experiential learning opportunities, testing their a two-day workshop known as BIZHACK. During
ideas and gathering feedback in real situations. It’s truly this event, students tour the internet startup scene
a program for those interested in changing the world.” in Baltimore, learning from CEOs, technologists
“Entrepreneurs are the backbone of Maryland’s and designers, as well as networking with successful
economy,” said Maryland Commerce Secretary Mike entrepreneurs. During the program, teams work in a
Gill. “Through the Palmieri Center for Entrepreneurship, lab setting to generate viable ideas for internet startup
generations of Mount St. Mary’s students—those with an companies. This program of startup culture immersion,
idea, a dream, a goal—will learn the skills and gain the exposure to successful founders and experts, and
expertise they need to succeed. Paul and Diane Palmieri’s participation in a team competition for startup ideas will
generous donation is indeed an investment in the future continue through the center.
of these students and ultimately, in
the future of our state.”
The Palmieri Center
for Entrepreneurship will
provide interdisciplinary, co-
curricular programs focused on
entrepreneurship. The university
is developing both a major and
minor in entrepreneurship that will
provide novel programming and a
[email protected]
Your Good News Community Newspaper
Serving Northern Frederick County,
Maryland, Since 1995
Mount St. Mary’s University Announces The Palmieri
Center for Entrepreneurship: Center Created With a
$1 Million Donation
Mount St. Mary’s University practical approach to venture
Interim President Tim Trainor development, innovation, and
announced in April that successful design thinking. The center
alumni Paul Palmieri (pictured will challenge and embolden
right) and Diane Loiello Palmieri all students, regardless of
will donate $1 million to their major, to develop the
establish the Palmieri Center for skills and resources necessary
Entrepreneurship, an innovative to achieve their goals.
student resource that will provide The Palmieris have had
students with skills, mentorship, an entrepreneurial mindset
and experiences vital to for decades. Diane Loiello
entrepreneurship. The center will Palmieri has held positions
open later this year after hiring a across the fields of marketing
director and will provide students and advertising, and
with co-curricular experiences, currently sits on the board
such as workshops, exclusive of the American Red Cross.
networking and mentorship, Paul Palmieri is credited
innovative startup immersion, and with helping to develop and
business plan competitions. establish the beginnings of
“Diane and I are grateful the mobile internet, as well
for the educational experiences as the app economy. He was
Mount St. Mary’s has provided our Photo Courtesy of Mount St. Mary’s University the co-founder, chairman and
family for three generations,” said CEO of Millennial Media,
Paul Palmieri, class of ’92, who is also a member of the the leading independent mobile advertising platform,
university’s board of trustees. “We believe the Mount is which he grew from startup through its public offering
the perfect place to establish the center, because it has a on the New York Stock Exchange. A few years later,
rich history of graduates who have gone on to become he stepped down to launch his efforts to help other
successful entrepreneurs—it’s in the university’s DNA.” entrepreneurs as an investor and advisor. He is currently
The center seeks to integrate real-world a general partner at Grit Capital, an early stage venture
entrepreneurial skills across all disciplines. “Individuals capital firm that he co-founded; a venture partner with
who take risk to find new horizons—for industry, the Blue Run Ventures in Menlo Park, California, and he
arts, the sciences—are all entrepreneurs,” said Diane sits on the boards of Link Labs and Scorestream. He is
Loiello Palmieri, class of ’83. “All students can benefit a past regional winner and current national judge for
from the risk-taking skills, activities, and design thinking the E&Y Entrepreneur of the Year program, was named
that lead to entrepreneurial accomplishment.” Influential Marylander twice, and received a lifetime
“We are extremely excited about the Palmieri Center achievement award in 2016 for impact on the Baltimore
for Entrepreneurship and grateful for the generosity entrepreneurial community.
and innovative ideas of the Palmieris,” said Trainor. Mr. Palmieri has also worked with Mount students
“Through the center, students will have access to hands- for several years, taking entrepreneurship classes to
on, experiential learning opportunities, testing their a two-day workshop known as BIZHACK. During
ideas and gathering feedback in real situations. It’s truly this event, students tour the internet startup scene
a program for those interested in changing the world.” in Baltimore, learning from CEOs, technologists
“Entrepreneurs are the backbone of Maryland’s and designers, as well as networking with successful
economy,” said Maryland Commerce Secretary Mike entrepreneurs. During the program, teams work in a
Gill. “Through the Palmieri Center for Entrepreneurship, lab setting to generate viable ideas for internet startup
generations of Mount St. Mary’s students—those with an companies. This program of startup culture immersion,
idea, a dream, a goal—will learn the skills and gain the exposure to successful founders and experts, and
expertise they need to succeed. Paul and Diane Palmieri’s participation in a team competition for startup ideas will
generous donation is indeed an investment in the future continue through the center.
of these students and ultimately, in
the future of our state.”
The Palmieri Center
for Entrepreneurship will
provide interdisciplinary, co-
curricular programs focused on
entrepreneurship. The university
is developing both a major and
minor in entrepreneurship that will
provide novel programming and a
[email protected]
Your Good News Community Newspaper
Serving Northern Frederick County,
Maryland, Since 1995
