“At UMBC, we believe strongly in the potential of entrepreneurship education. The Kauffman Campuses Initiative fits perfectly with our emphasis on giving students across all academic disciplines access to entrepreneurship courses and programs.”
— President Freeman A. Hrabowski, III
UMBC Competing for $5 Million Entrepreneurship Grant
August 11, 2003 – UMBC is one of only 15 universities selected by the Ewing Marion Kauffman Foundation to compete for a small number of $5-million challenge grants the foundation will award to universities that can make entrepreneurship a common and accessible experience for all students. Syracuse University, the University of North Carolina-Chapel Hill, the University of Rochester, the University of Wisconsin, Wake Forest University, and Washington University are among the other institutions being considered for these awards.
If funded, UMBC’s proposal would support faculty research about entrepreneurship in a wide range of disciplines, introduce students in wide-ranging majors to concepts of entrepreneurship in innovative, compelling ways, and provide opportunities typically afforded only to students in traditional business school settings.
UMBC already receives support from the Kansas City-based Kauffman Foundation for its Kauffman Entrepreneurship Internship Program, which gives undergraduates and graduate students hands-on experience working with start-up or emerging companies. Funding from the foundation’s new Kauffman Campuses Initiative would increase opportunities to partner with regional businesses.
“I’m delighted to see UMBC recognized by the Kauffman Foundation for its innovative entrepreneurship programs,” says Mayo Shattuck III, President and CEO of Constellation Energy Group in Baltimore. Shattuck was instrumental in securing a million-dollar gift from the Alex. Brown Foundation to establish the Alex. Brown Center for Science and Technology Entrepreneurship at UMBC in 2000, and he serves as chair of the center’s advisory board.
UMBC plans to build on such initiatives as the Alex. Brown Center, the Kauffman Internship Program, the techcenter@UMBC – the University’s business incubator – and others to leverage resources and increase its capacity to serve students, faculty, and corporate partners.
By infusing entrepreneurship throughout the curriculum and the overall college experience, we hope that UMBC students, from their first semester on, will have access to resources that encourage them to explore entrepreneurship activities and ultimately help them to succeed as entrepreneurs, bringing new ideas to the marketplace and building the region’s economy.