Friday, November 08, 2002
Helping Michigan Universities Develop Entrepreneurs is Program’s Goal
The Michigan Economic Development Corporation (MEDC) today announced the creation of the Michigan Entrepreneurship Education Network, a new statewide initiative to strengthen entrepreneurship education programs in Michigan universities.
“Entrepreneurs have been and will continue to be the driving force behind Michigan’s most outstanding companies,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation.“This new initiative will teach the next generation of Michigan entrepreneurs how to translate their ideas into successful businesses.”
The MEDC is working in partnership with the Zell-Lurie Institute for Entrepreneurial Studies and has committed $500,000 to develop the network.Of that amount, $250,000 will be given to the University Entrepreneurship Program Development Fund to support the implementation of entrepreneurship development programs at state universities.Universities will be invited to submit program proposals and vie for grants of up to $50,000 each.
As part of the agreement, Zell-Lurie will provide in-kind contributions of $250,000.Specific goals Zell-Lurie is charged with include:
· assess and benchmark entrepreneurial education programs in Michigan;
· creating templates of entrepreneur education programs;
· creating a collaborative network of university and SmartZone stakeholders with common entrepreneurship education interests;
· administering the University Entrepreneurship Program Development Fund; and
· developing a preliminary plan for a self-sustaining entrepreneur education network.
“The Zell-Lurie Institute is excited about being a key collaborator with the MEDC in the Michigan Entrepreneurship Education Network,” said Thomas Kinnear, executive director of the Institute.“By creating a university network with the purpose of educating entrepreneurs, we have the potential to contribute greatly to economic development within the state.”
The Zell-Lurie Institute for Entrepreneurial Studies is part of the University of Michigan School of Business.The Institute is dedicated to producing leadership in new business formation by providing world-class education and experience.The Institute seeks to advance entrepreneurial interests of the community by offering networking opportunities; contributing to local and national entrepreneurial efforts; advancing new venture development and supporting research in the area of entrepreneurship.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.
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