Innovation & Entrepreneurship Institute
Awards & Rankings
FOX SCHOOL OF BUSINESS AGAIN RANKS AMONG BEST IN NATION FOR ENTREPRENEURSHIP
Media Contact: Brandon Lausch, 215-204-4115, firstname.lastname@example.org
The Fox School of Business at Temple University ranks No. 8 nationwide for its undergraduate entrepreneurship programs and No. 13 among graduate programs in a new survey by The Princeton Review in partnership with Entrepreneur magazine. The Fox School is the only school in Greater Philadelphia on each list, and both rankings are the second highest in the Northeast, behind only No. 1 Babson College in Massachusetts.
The annual rankings, based on surveys of business school administrators at nearly 2,000 schools, recognize 50 programs – 25 undergraduate and 25 graduate – for excellence in entrepreneurship education.
“Since its founding, Temple University and the Fox School of Business have played animportant role in the lives of many entrepreneurs, and our continued success in entrepreneurship is built on a foundation of academics, research, outreach and commercialization,” Dean M. Moshe Porat said. “We are proud to be a university leader in one of the nation’s hottest hubs for innovation and entrepreneurship: Philadelphia.”
The Princeton Review evaluated programs based on a wide range of data it collected from April through June 2012. Schools are asked about their levels of commitment to entrepreneurship inside and outside the classroom, the percentage of their faculty, students, and alumni actively and successfully involved in entrepreneurial endeavors, the number of their mentorship programs, and their funding for scholarships and grants for entrepreneurial studies and projects, among other criteria.
Through the Temple Innovation and Entrepreneurship Institute (IEI), housed at the Fox School, the university holds annual Innovative Idea and Be Your Own Boss Bowl® business plan competitions for all students, faculty, staff and alumni. The Be Your Own Boss Bowl®, offering more than $200,000 in cash and prizes, is one of the nation’s elite business plan competitions both for its comprehensiveness and prize pool.
IEI operates Mid-Atlantic Diamond Ventures (MADV), the region’s largest entrepreneurship advisory and year-round venture forum program. Since 2003, approximately 250 companies have utilized MADV and raised more than $200 million in early-stage funding.
The Fox School and IEI also provide a range of internship opportunities, business-planning workshops, seminars, mentoring and coaching, and annual conferences in social, global, women’s and industry-specific entrepreneurship. IEI and MADV Executive Director Jaine Lucas and Academic Director Robert McNamee lead entrepreneurship and innovation programs.
“We commend each of these schools not only for giving their students a first-rate classroom experience in business practices, but for their cross-disciplinary approaches to entrepreneurship education,” said Robert Franek, The Princeton Review’s senior vice president/publisher. “These programs stand out for the impressive ways they are supporting students with the vision and skills to create their own innovative businesses and to succeed at them.”
Temple University’s Fox School of Business ranks in Top 20 nationwide for entrepreneurship
Tuesday, September 28, 2010
Media Contact: Brandon Lausch
The Fox School of Business at Temple University ranks No. 13 nationwide for undergraduate entrepreneurship programs, making it the highest-ranked school in the region for undergraduates, according to a new survey by The Princeton Review for Entrepreneur magazine.
Fox is the only Pennsylvania school to make the Top 15 for undergraduate programs. Fox’s graduate entrepreneurship programs were ranked No. 18 in the nationwide survey.
Out of more than 2,000 schools surveyed, the eighth annual ranking highlights the nation’s Top 25 undergraduate and graduate programs for entrepreneurship. The Fox School has received recognition from Entrepreneur every year since the survey began.
Fox was evaluated on key criteria in areas of teaching entrepreneurial business fundamentals in the classroom, staffing departments with successful entrepreneurs, providing experiential or entrepreneurial opportunities outside of the classroom, mentoring programs, as well as non-traditional, distinguishable aspects of its program.
“From Temple’s founder to our newest students, a culture of innovation and entrepreneurship defines Temple University and the Fox School of Business,” Dean M. Moshe Porat said. “Through the Innovation and Entrepreneurship Institute and many other initiatives, we engage with our community to turn innovative business ideas into reality, guide entrepreneurial products and services to market, and generate jobs and economic growth. These rankings further demonstrate the significance of our efforts.”
Temple’s entrepreneurship programs help students gain practical knowledge through interdisciplinary educational opportunities, internships with new and growing ventures, intense mentoring and coaching, business planning workshops, seminars, annual conferences in social, global, women’s and industry-specific entrepreneurship, and more. Through the Temple Innovation and Entrepreneurship Institute (IEI), housed at the Fox School, the university also holds annual idea-generation and Be Your Own Boss Bowl business plan competitions.
“Our reach extends through all 17 schools and colleges at Temple, including students, alumni, faculty and staff, and into the regional entrepreneurial ecosystem as well,” said Jaine Lucas, executive director of IEI. “Entrepreneurship is a key driver of economic development, and our programs have had substantive and measurable impact.”
One example is Mid-Atlantic Diamond Ventures, the region’s only year-round venture forum program for innovation-based emerging firms, which has assisted about 210 companies raise more than $150 million in Series A funding. The Global Consortium of Entrepreneurship Centers recognized Temple in Fall 2009 for “outstanding contributions to advancing the discipline of entrepreneurship.” Temple was just one of three universities cited nationally for its outreach in entrepreneurship.
In addition to a major and minor in entrepreneurship offered by the Fox, undergraduate certificate programs in non-business disciplines are offered at Temple’s College of Engineering, College of Science and Technology, College of Health Professions, Tyler School of Art, School of Social Administration, and the School of Tourism and Hospitality Management. There are two certificate programs at the graduate level.
“The right education enhances and reinforces curiosity and creative thinking in entrepreneurs,” added Amy Cosper, vice president and editor-in-chief at Entrepreneur. “This ranking provides a unique look at top schools that offer the type of training, encouragement and direction that nurtures entrepreneurial skills. It’s an excellent resource for those interested in academics as a pathway to their goals, and it can help tremendously in the discovery process to finding the right program.”
The results of the survey, along with the analysis, appear in the October issue of Entrepreneur, which hit newsstands Sept. 21. Temple’s ranking can also be seen at www.entrepreneur.com/topcolleges.
- 2009 GCEC Award for Outstanding Contributions to Advance the Discipline of Entrepreneurship
- 2006 NCEC Award for Exceptional Activities in Entrepreneurship Across Disciplines
- Temple University only area university ranked top in entrepreneurship in the U.S. by three different ranking entities
- “Entrepreneurship program No. 4, grad program No.7, in the U.S.” – By The Princeton Review
- National Consortium of Entrepreneurship Centers Award for Entrepreneurship Across Disciplines
- “Top 20 in the Nation” – By Forbes.com & The Princeton Review
- “Top 30 in the Nation” – By Entrepreneur Magazine
1. Entrepreneurship at Fox2. Innovation3. Innovation and Entrepreneurship Institute4. Be Your Own Boss Bowl5. Innovative Idea Competition6. Students7. Conferences and Forums8. Entrepreneurial Student Association9. Jaine Lucas10. Alter Hall11. Employment