Former Inc. editor teaches budding entrepreneurs.Know a dancer eager to start her own troupe? How about a biology student who wants to open a medical clinic? They probably want to know about the Innovation & Entrepreneurship program at Clark University Clark University, at Worcester, Mass.; coeducational; chartered 1887, opened as a graduate school 1889. It was the second graduate school to be formed in the United States. Its undergraduate college (est. 1902) was integrated with the university in 1920. (Mass.), now in its third semester se·mes·ter n. One of two divisions of 15 to 18 weeks each of an academic year. [German, from Latin (cursus) s . The program has been designed to be a minor for students who want to meld their passions for scholarly subjects with startup zeal. Led by George Gendron, the programs founder, students take a core I&E curriculum in topics such as organizational management, compensation, sales, and team motivation, while carrying the course loads for their majors. Gendron knows these startup topics well. For 20 years he was editor of Inc., a magazine that covers new companies and small businesses. When he and other investors sold the title several years ago he decided to re-enter re·en·ter also re-en·ter v. re·en·tered, re·en·ter·ing, re·en·ters v.tr. 1. To enter or come in to again. 2. To record again on a list or ledger. v.intr. higher ed, having been an instructor at Boston University Boston University, at Boston, Mass.; coeducational; founded 1839, chartered 1869, first baccalaureate granted 1871. It is composed of 16 schools and colleges. (Mass.) years ago. Gendron notes that Clark eschewed the predictable route of creating an I&E major because the university wanted to stay true to its liberal arts liberal arts, term originally used to designate the arts or studies suited to freemen. It was applied in the Middle Ages to seven branches of learning, the trivium of grammar, logic, and rhetoric, and the quadrivium of arithmetic, geometry, astronomy, and music. tradition. He also focuses on the realities of starting an organization. Much talk about entrepreneurship perpetuates the myth that a proposal leads to a written business plan, which leads to venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. forking over $20 million in funding. Most startup ventures do not begin this way, insists Gendron. Powerhouses like Microsoft, Dell, and others were once just good ideas championed by a bunch of passionate unknowns who started with modest financial means. "We don't try to thwart ambition or tell students not to think big," he says. Rather, the I&E program is about grasping the business principles that will help dreams come true. There are currently 150 students enrolled in Clark's program.--J.M.A. |
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