With the job
market still rocky, a growing number of MBA students are launching
their own businesses straight out of school. Recruiting remains down at
many campuses this year, and as a result, starting a company looks more
appealing than ever to beleaguered B-school students. At business
schools across the country, students are signing up for entrepreneurship
classes in droves, entering business school competitions, and dangling
their carefully crafted business plans before angel investors and venture
capitalists. In response, schools are escalating the support they
offer to aspiring entrepreneurs, launching new classes and counseling
them on how to get a business off the ground in a difficult economic
climate.
At the Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan Ross School of Business (Ross Full-Time MBA Profile),entrepreneurship is thriving. The institute runs a business competition, the Michigan Business Challenge, which awards nearly $60,000 in funding to winners. This year the contest received a record 85 applications from Michigan University teams. Business plans ranged from an online retailer of premium hair care products for black women to a company that will sell electric motors to long-haul truck manufacturers.
To read the full, original article click on this link: Entrepreneurial Spirit Soars on B-School Campuses - BusinessWeek
Author: Thomas Kinnear
