"At UMBC, we believe strongly in the potential of entrepreneurship education. The Kauffman Campuses Initiative allows us to expand our entrepreneurship programs across all academic disciplines.”
President Freeman A. Hrabowski, III
Kauffman Foundation Awards $2 Million to Fund Entrepreneurship Education at UMBC
January 16, 2007 ‚ UMBC received a $2 million grant to build entrepreneurship programs across the campus, joining a select group of colleges and universities receiving funding for entrepreneurship endeavors through the Kauffman Campuses Initiative.
Recognized for its culture of entrepreneurship education despite the absence of a business school, UMBC joins a prestigious group of institutions selected by the Kauffman Foundation for funding: Arizona State University, Brown University, Carnegie Mellon University, Georgetown University, New York University, Purdue University, Syracuse University and the University of Wisconsin-Madison.
The Kauffman Foundation initiated the three-year-old Kauffman Campuses Initiative to catalyze entrepreneurship programs outside of business and engineering schools. The award acknowledges the success and potential of UMBCís Alex. Brown Center for Entrepreneurship, created six years ago through a gift of $1 million from the Alex. Brown Foundation to develop a leading university entrepreneurship center for the Baltimore region. The Kauffman grant is awarded with the expectation that UMBC will raise an additional $8 million toward entrepreneurship programs.
"This partnership gives UMBC the opportunity to take entrepreneurship programming to the next level," said Vivian Armor, director of the Alex. Brown Center. "It will allow UMBC to expand course offerings, improve programming that exposes students and faculty to important entrepreneurial concepts and help develop systems to support individuals launching successful business ventures or social entrepreneurship programs that address community needs."
Alex. Brown Center initiatives include courses, lectures and other student programming; a summer entrepreneurship institute for faculty; and a partnership with the University's ACTiVATE program, funded by the National Science Foundation to address the unique needs of accomplished women interested in starting technology companies. Eight women in the two-year-old program now lead their own tech companies. The Center's activities are also complemented by campus initiatives such as techcenter@UMBC and bwtech@UMBC, offering specialized support for research and technology businesses.