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Penn State's newest business pre accelerator program part of the Invent Penn State Initiative, was launched Thursday with a ribbon cutting ceremony to mark the event. Hosted by Penn State President Eric Barron at the former Verizon Building where a Happy Valley LaunchBox logo hung all month to tease the program's opening, the ceremony drew cheers, applause, and emotion from local entrepreneurs and community leaders who want to help grow local businesses and keep them in harmonious operation with the community. "This is an opportunity to come from Penn State, into our community, create your company with the support of the community, and to realize that your university and your community are here to help you be successful That is a wonderful message." Joining Barron were University Vice President for Research Neil Sharkey, State College Mayor Elizabeth Goreham Borough Manager Tom Fountaine, Chamber of Business and Industry of Centre County President Vern Squier, and Pennsylvania Economic and Community Development Deputy Director Sheri Collins. "So this is Penn State, at all of its campuses, working with its communities in partnership to promote entrepreneurial thinking to create ideas that have impacts on communities and to create companies that help spur economic development and job growth and student career success,It's quite exciting to see them all unfold" All five companies are striving for measurable results in the community, too. Local business leaders want to make sure results continue to translate after each LaunchTeam moves on from the LaunchBox to offices and labs elsewhere. "After that nine months, what happens It's incumbent upon the community, Mayor, and others. We have to be willing to host and accommodate and encourage and provide an environment where these enterprises can thrive," Vern Squier, President and CEO of the Chamber of Business and Industry of Centre County said. "It's not just existing, it's about thriving."