August 17, 2005

GLEQ on the ropes

Art DeMonte, executive director of the Great Lakes Entrepreneur\'s Quest said Tuesday that it is virtually certain the business competition will not take place this fall, and a second cycle of awards, usually held in the spring, will probably not occur as well. He said the organization\'s four major funding sources - including Wayne State University - \"have all declined to support the Great Lakes Entrepreneur\'s Quest this year.\" Judy Johncox, director of venture development at Wayne State , said she and other GLEQ board members are trying to get the program more permanent support. She said the board soured on searching for funding on a year-to-year basis, and wants to put GLEQ on firmer long-term funding if it is to survive. \"The enthusiasm for this program has not waned at all," she pointed out. "It\'s just a question of how we continue this program in a sustainable way."

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