The University of Oregon's "innovation center" helps young entrepreneurs start their businesses.
The goal is to support business ideas that are strong enough to last.
Only .03 percent of business owners registered across the country in the fall of 2010 were between the ages of 20 and 24, according to the National Bureau of Labor Statistics.
Start-ups are risky ventures, whatever the age of the entrepreneur. [Director of the Austin Entrepreneurship School at OSU Christopher] Klemm said small businesses fail 70 percent of the time.
“It really is a thrill, a chill, a spill a minute having your own business,” he said. “No one goes into a venture expecting to fail, but it does happen a lot.”
Read more at The Register-Guard.