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 an important 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.”