Nick Delmonico drafted his company’s business plan in an MBA capstone course. He retooled it. He discussed it with mentors. He finalized it. Months later, he tested its viability—and he won more than $60,000 in cash and prizes at a university-wide business plan competition.
“The product’s development, the access to mentors, all of it came together as a result of Temple University and the Fox School of Business,” Delmonico said.
For a third consecutive year, The Princeton Review and Entrepreneur magazine have awarded top-10 national rankings to the undergraduate- and graduate-level entrepreneurship programs at Temple University’s Fox School of Business. Temple is in exclusive company, as one of five universities nationally to receive Top-10 rankings for two entrepreneurship programs. Its graduate program is ranked No. 8, and its undergraduate program earned a No. 10 ranking.
“These rankings reflect what we have known for a while: There’s no better place than a college campus for entrepreneurs,” said Ellen Weber, executive director of Temple’s Innovation and Entrepreneurship Institute (IEI). “Hands-on classes allow our students to develop an entrepreneurial mindset, workshop their ideas, and lean upon our professors’ expertise. We’ve also built strong relationships with industry that grant our students unparalleled access to the business community.”
Published by The Princeton Review Nov. 14 and to be included in the December edition of Entrepreneur magazine, the 2018 rankings recognize 25 undergraduate- and 25 graduate-level programs for excellence in entrepreneurship education. The rankings are based upon a large variety of quantitative and qualitative criteria, including the number of: entrepreneurship-specific courses offered; faculty who are also entrepreneurs and/or serve on the boards of new ventures; businesses started and funds raised by alumni; and entrepreneurship-focused activities, competitions, programs, clubs, and centers.
“Entrepreneurship education across all disciplines remains a pillar at Temple University, and we at the Fox School take great pride in leading this effort,” said Dr. M. Moshe Porat, Dean of the Fox School. “Career paths are not linear. That’s why we strive to prepare our students to think and act like entrepreneurs.”
Delmonico is an example. His company Strados Labs has developed a wearable device that, in conjunction with a mobile app, will help asthma sufferers better manage the condition. Strados Labs won first place at the 2017 Be Your Own Boss Bowl® (BYOBB), a Temple University-wide business plan competition. Soon, Delmonico will launch a demonstration of the product and is slotted to conduct pilot testing with a large health system.
“Our BYOBB mentor gave us specific experience in the space in which our company and technology is trying to commercialize, and one of my finance professors guided us as we developed our 3- to 5-year financial projections,” said Delmonico, who earned his MBA in 2017. “Our successes would not have been possible without Temple, Fox, and these great resources.”
Click here for more information about the rankings published by The Princeton Review and Entrepreneur magazine.