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Lerner College cited for entrepreneurship

10:35 a.m., April 26, 2005--The University of Delaware’s Alfred Lerner College of Business and Economics entrepreneurship program has been named one of the top 100 collegiate programs in the nation by Entrepreneur magazine for the third consecutive year.

The annual ratings appear in the April 2005 issue of the magazine. Lerner College is in the fourth tier of the list of the top 50 regionally recognized academic programs, which also includes the University of Alabama and Clemson, Hofstra and Rutgers universities.

"Because Lerner College recognizes the importance of developing new ventures, both as part of existing organizations and as independent businesses, we continue to expand our offerings in entrepreneurship to assure that our students, both graduates and undergraduates, have the opportunity to learn about and to experience new venture development," Lerner College Dean Michael Ginzberg said

Lerner College offers a variety of entrepreneurship courses and programs, including a concentration in new venture creation for graduate students in the master of business administration program, a graduate program for teachers in the Center for Economic Education and Entrepreneurship, undergraduate courses in small business management and the opportunity for students to work on projects with the Delaware Small Business Development Center.

The new venture concentration is designed to capitalize on UD’s strengths in engineering, biotechnology, agricultural sciences, medical technology and information technology by providing a significant learning experience for MBA students interested in technological innovation and management of new venture projects, according to John E. Sawyer, chairperson of Lerner College’s Department of Business Administration.

Through the concentration, students interested in engineering can take a course in high tech entrepreneurship in which they work with students in the College of Engineering to create a business plan to commercialize a new technology. In addition, students interested in biotechnology are offered a course in which they work with bioscience students to prepare a research plan to develop a new commercial technology.

All students in the concentration complete a field project for a new venture firm in the business community, Sawyer said.

The department has developed several entrepreneurship related courses at the undergraduate level and is working on a proposal to start an undergraduate minor in entrepreneurship, Sawyer said.

Scott K. Jones, professor of accounting, who teaches entrepreneurship courses, said the college offered a Learning Integrated Freshman Experience (LIFE) cluster in entrepreneurship in the fall semester of 2004 and has several undergraduate and graduate scholarships in entrepreneurship being sponsored by the Delaware Innovation Fund.

Also offered is the UD Business Plan Competition, which was created to find new venture ideas and build successful businesses. This year’s competition will be held Friday, April 29.

TechKnowledge Point Corp., a venture research firm based in Santa Barbara, Calif, conducted Entrepreneur magazine’s evaluation.

For more than 25 years, Entrepreneur magazine has been a leading authority dedicated to empowering entrepreneurs worldwide to start and grow successful companies.

Article by Neil Thomas

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