Princeton Review 2018 University of Michigan Ann Arbor

No. 1 ranking for U-M's entrepreneurship program

by Nicholas Gallo

The Academy of Michigan captured the No. 1 spot on the undergraduate entrepreneurship programs rankings published by The Princeton Review and Entrepreneur magazine.

SMTD's EXCEL Lab

The university's graduate-level program was besides ranked in the top 10.

"This No. one ranking reflects the collaborative, broad and diverse nature of entrepreneurship beyond the University of Michigan," said Jonathan Fay, the Dixon and Ballad Doll Executive Director of the Heart for Entrepreneurship in the U-M College of Engineering science. "We've seen tremendous growth in the interest of our students, and we're incredibly proud that they're taking what they learn and making an affect in the community."

U-M'due south entrepreneurship network is campus-broad, in the classroom and beyond. Today, at that place are nearly v,000 students – 10 percent of the full undergraduate educatee trunk – involved in entrepreneurship activities. The university hosts xv centers and programs, over 30 entrepreneurial student organizations, 68 classes, multiple pitch competitions, two accelerators, immersion treks to well-nigh a dozen entrepreneurial ecosystems effectually the land, and more. In 2015, U-M launched a Minor in Entrepreneurship open to students across campus. Nearly 500 students from more 100 majors were enrolled in the 2017-2018 academic year.

EXCEL Lab manager Jonathan Kuuskoski leads a workshop

"What sets the Academy of Michigan apart is our commitment to pushing the boundaries of education and delivering the activeness-based learning experiences that build an entrepreneurial mindset – regardless of the career path our students seek," said Stewart Thornhill, executive director of the Zell Lurie Institute at Michigan Ross. "Every program nosotros offer is meant to amplify success for entrepreneurs; from business plan competitions to working within of a new venture to investing real dollars in our startups."

In the past five years, students enrolled in the Entrepreneurship minor or its predecessor programme have launched 414 companies that raised $18.3 million. And 25 percent of those companies are all the same in business organisation. (Nationally, between 30 percentage and l pct of new businesses fail during the outset ii- to five years.)

U-M's programs are coupled with project-based, experiential learning attainable to students in all 19 schools and colleges. Some examples:

• At TechLab@MCity, students work in the emerging field of autonomous vehicle and advanced mobility startups, learning in the classroom and applying that cognition in hands-on projects at the MCity Test Facility.
• The EXCEL Lab (Excellence in Entrepreneurship, Career Empowerment & Leadership) at the School of Music, Theatre & Dance helps performing arts entrepreneurs explore career paths through mentorship, fellowships and courses.
• At the TechArb and Desai accelerators, pupil startups can access infinite, tools, internship opportunities, and mentorship. These accelerators are co-managed by the Centre for Entrepreneurship and the Zell Lurie Constitute.
• The optiMize student organization has helped 2,500 students develop 400 social touch projects since 2012. Blueprints for Pangaea, for example, has distributed more than than $2 million of wasted medical supplies to hospitals in demand.
• Innovate Bluish, U-M'due south hub for entrepreneurship and innovation, issues the Made at Michigan annual magazine—a compilation of entrepreneurship highlights, with a special focus on student ventures created over the course of the year.
• Innovation in Action, a collaboration of Public Health, Middle for Entrepreneurship and Zell Lurie Institute, empowers students to design solutions to the global challenges articulated in the United nations Sustainable Development Goals.
• The Michigan Business organization Challenge (MBC) is a campus-wide, multi-round business plan competition where student teams have the opportunity to win greenbacks prizes totaling over $100,000, gain feedback from leaders in the business organization customs, and expand their business concern network.
• The Eugene Applebaum Cartel to Dream grant programme moves University of Michigan students through the business creation procedure by offer concern development seminars and awarding $500-$five,000 in grants to individuals and/or student teams.

"Our campus civilisation is i of collaboration mixed with the relentless energy and optimism of our students and faculty beyond the entrepreneurial ecosystem—from creativity and the arts to cutting border enquiry and business organization savvy," said Mark Clague, acquaintance dean for academic and educatee affairs at the School of Music, Theatre & Trip the light fantastic toe. "It's what makes the Academy of Michigan an boggling identify to live, larn, invent, and make a difference."

View the total rankings at Entrepreneur. They will exist published in the Dec issue of Entrepreneur magazine. The feature also outlines key insights for potential students, including the number of entrepreneur-related courses offered and the number of startups launched past grads in the past five years from each program.

The Princeton Review conducted a 45-question survey from May through August 2018. The survey asked schools to report on levels of their commitment to entrepreneurship studies inside and outside the classroom. More than than 40 data points were analyzed for the tally to determine the rankings. Topics included: the percentage of faculty, students, alumni actively and successfully involved in entrepreneurial endeavors, the number and attain of mentorship programs, scholarships and grants for entrepreneurial studies, and the level of support for school-sponsored concern plan competitions.

Michigan'due south undergraduate entrepreneurial ecosystem is anchored by vi entities: The Center for Entrepreneurship at the Higher of Applied science; the Zell Lurie Institute, housed at the Ross Schoolhouse of Business; the EXCEL Lab at the School of Music, Theatre, and Trip the light fantastic toe; optiMize in the College of Literature, Science and the Arts; Innovation in Action, a collaboration of Public Wellness, Centre for Entrepreneurship, and Zell Lurie Found; and Innovate Blue overseen collaboratively by the Part of the Provost and the Office of the Vice President for Communications.

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Source: https://smtd.umich.edu/no-1-ranking-for-u-ms-entrepreneurship-program/

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