PDC Launches Failure Fund
In an effort to reduce the stigma attached to failure, the Pond-Deshpande Centre at the University of New Brunswick has launched the region’s first Failure Fund.
The idea is that entrepreneurs who give an idea their best shot and come up short (read: most entrepreneurs) should be encouraged to give it another try. In fact, the thinking is that entrepreneurs gain so much valuable experience in managing an unsuccessful business that the region gains by having these people running businesses again.
So the Pond-Deshpande Centre, which encourages social entrepreneurship as well as