Overview of Entrepreneurship at Penn State. Philip G. Boyer, M.B.A. Director - Engineering Entrepreneurship Minor. Overview of Entrepreneurship at Penn State. Current Entrepreneurship Components Engineering Entrepreneurship Minor ( 300+ Graduates)
Philip G. Boyer, M.B.A.
Director - Engineering Entrepreneurship Minor
The Engineering Entrepreneurship Minorwas academically approved in the Spring of 2002. This was the first and only entrepreneurship based minor at Penn State.
Vision – deliver a dynamic, multidisciplinary minor that inspires and prepares undergraduate students to be world-class technology business innovators.
E-Ship Minors Awarded To Date
(as of Spring 2011)
Engineering E-Ship Minor (18 total credits)
Four Core Courses: (12 Credits)
Engr 310 – Entrepreneurial Leadership (3 Credits)
Engr 407 – Technology Based Entrepreneurship (3 credits)
Engr 411- Entrepreneurship Business Basics (3 credits)
Engr 497A – Entrepreneurship Capstone (3 credits)
Technical Electives: (6 credits)
Proposed Future of Entrepreneurship at PSU
Provost Erickson has asked a team from the College of Engineering and Smeal Business School to look at developing increased access to undergraduate entrepreneurship education for all students. We have presented a plan to the Board of Trustees and we are in the process of finalizing a new approach to delivering this revised concept..
New Vision Statement – To deliver a dynamic, multidisciplinary entrepreneurship minor that inspires and prepares undergraduate students to be world-class business innovators who create value, address global challenges and change the world.
Proposed E-Ship Minor
In order to effectively deliver this new evolution of entrepreneurship at Penn State, the task team has recommended the following course of action:
The Entrepreneurship Minor would have two stages. First, all students from all majors and all interest areas would take nine credits of “common core” entrepreneurship courses in this entry stage. The core would consist of three classes:
1. Introduction to the Entrepreneurial Mindset
2. Entrepreneurial Leadership
3. New Venture Creation
These core courses would ensure the entrepreneurship fundamentals are covered in a multidisciplinary setting.
Proposed E-Ship Minor (Cont.)
The second stage of the Minor involves creating tracks of specific concentration. The tracks are not necessarily aligned with specific college boundaries. Each track would be an additional 9 credits in a specific area of entrepreneurial interest. Examples might include:
High Growth Venture Capital
Tech Based Entrepreneurship
Proposed E-Ship Minor (Cont.)
The recommendation of the task group is to have the three core courses fall under the jurisdiction of Rob Pangborn, Vice president and Dean for Undergraduate Education.
A white paper was completed and forwarded to Provost Erickson under the cover of a letter from Deans Wormley and Thomas.
PSEN - PennStateEntrepreneurs Network
This is a student run organization that has M.B.A. students who help manage a network of undergraduate students, who are actively involved in the entrepreneurship community. The organization provides a network of contacts and maintains a communication channel for student activities & announcements.
The Lion Launchpad is a 501(c)3 organization, making it a separate entity from Penn State and the E-SHIP program. However, the goal of the Launchpad is to encourage student-run businesses. Any fledgling business can apply to be a Launchpad member, as long as at least one person on the team is a Penn State student.
Garber Venture Fund
Providing MBA students with real-world experience is vitally important to the Farrell Center for Corporate Innovation and Entrepreneurship. As part of its mission, The Center oversees the Garber Venture Capital Fund. Established in 1999 by Dr. John Garber and his wife Bette, this $5 million venture fund brings to reality the process of private equity investing in early stage technology-based companies.
Gaelen Endowment for Engineering Entrepreneurship
Through the Gaelen Endowment, we are able to bring in “serial” entrepreneurial speakers and lecturers. This endowment allows for early seeding of student based ventures.
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