Jerome (Jerry) Mahone is currently working as a private consultant to start-up businesses.
In June of 2007, Mr. Mahone became the Executive Director of Venture Creations at the Rochester Institute of Technology (RIT), a position he currently holds. In 2009, he secured a $1.5 Million grant from the New York State Energy Research and Development Authority (NYSERDA) to develop a Clean Energy Incubator within Venture Creations.
Mr. Mahone came to RIT from Central State University, where he held the position of Executive Director of the National Environmental Technology Incubator (NET) beginning in January of 2001. NET was a joint venture between Central State University and Battelle Memorial Labs of Columbus, Ohio and was funded by the U.S. Environmental Protection Agency (U.S. EPA). While at
In 1982, Mr. Mahone served as Chief Investment Officer at Rensselaer Polytechnic Institute (RPI), where he was responsible for the investment management of the endowment portfolio of $175 million. He helped develop new financial investment vehicles for the University’s endowment, which included business incubators and university-based research parks. He evaluated the need for capital and provided financial advice to business incubator tenants. He also organized RPI’s Venture Capital Conference, the first major venture capital conference in the northeast. In 1983, he became the Director of RPI’s Incubator Program, the first business incubator program developed on a college campus. As Director, he utilized banking, investment, and venture capital experience to assist entrepreneurs to develop their businesses using the technical resources of RPI. By 1986, the 21 firms, which graduated from the program, had sales of over $27 million, employed about 450 people, and raised approximately $15 million in capital. This Incubator became a model for business incubators and was visited by numerous international fact finding organizations.
He returned to Rensselaer in 1996 as Managing Director of the Severino Center for Technological Entrepreneurship in the Lally School of Management and Technology. The Center was responsible for the entrepreneurship curriculum within the Lally School, research initiatives in entrepreneurship, and outreach programs, which provided practical experience to students. He also served as an adjunct Professor of Entrepreneurship for the Lally School. In 1998, he served as Program Development Director of RenTEC, Rensselaer Technological Entrepreneurship Council, where he was responsible for creating new revenue streams from the University’s intellectual property.
In addition to the time Mr. Mahone spent at RPI, in 1997 he also served as Assistant Dean and Director of the Entrepreneurship Center at George Mason University and, since 1986, has maintained a private consulting practice, J.T. Mahone, Inc., providing strategic planning and investment analysis to colleges, universities, and businesses. Clients have included: The Jerome Lemulson Foundation, United States Department of Commerce, National Collegiate Inventors and Innovators Alliance (NCIIA) to name a few, and have spanned the US, Europe, Puerto Rico and Africa as well as many others.
Mr. Mahone and his wife, the former Brenda Rose, an educator/administrator in the Albany New York public school system, reside in Clifton Park, NY. Mr. Mahone is a graduate of Howard University in Washington D.C.
A graduate of the United States Naval Academy, Jeff earned an MBA (finance) from George Washington University. He holds a certificate in Russian from New York University and is a certified Facilitator and Marketing Administrator forFast Trac entrepreneur training series by the Kauffman Foundation.