Hear from a 2011 Entrepreneurship Scholars Candidate:

PROGRAM OVERVIEW

The Entrepreneurship Scholars Program Accelerates Scalable, Sustainable Student Ventures…
The Entrepreneurship Scholars Program is a community-wide program designed to prepare brilliant and promising entrepreneurs with the skills and knowledge needed to launch world-class ventures upon graduation. The mission of the program is to accelerate the formation of scalable, sustainable ventures. Upon graduation, candidates will be honored as UMKC Entrepreneurship Scholars in recognition of their outstanding program achievements. UMKC Entrepreneurship Scholars will have a globally significant impact with their ventures and their ventures will have higher success rates.

Scalable, Sustainable Ventures: The ventures we accelerate through the Entrepreneurship Scholars Program are designed to address significant customer problems and market needs of global magnitude. Scholar candidates design business models that can be scaled or replicated across borders and meet the needs of customers around the world. This global reach can take many forms, including expansion, franchising, e-commerce, or licensing.

Sustainable: Our candidates work with mentors to develop innovative and sustainable business models. Each venture must be able to launch without significant initial external funding and sustain itself without relying solely on external investment. All ventures must develop feasible plans for achieving $50,000 in sales within the first year and $1 million in sales within 5 years. Each venture will develop its own creative ways for reaching these goals and metrics.

Here’s how we accelerate globally scalable and sustainable ventures:

Recruit: We attract the most promising individuals who are dedicated to creating scalable ventures that aspire to be the best of their kind. Through a formal application process, these exceptionally creative and motivated students are chosen as Entrepreneurship Scholar candidates and admitted to the program.

We attract 100+ successful business leaders, serial entrepreneurs, innovators, investors, world-class faculty, and founders of globally recognized companies to mentor our candidates. These world-class mentors belong to at least one of our 33 mentor programs designed to accelerate the formation of new ventures.

Inspire: We inspire candidates to become the next generation of entrepreneurs. We offer opportunities for our candidates to network with world-class mentors and peers. Successful entrepreneurs serve as role models and share their journeys in our regular sessions of “How I Created a Successful Company: Lessons from Successes and Failures.” We work to build confidence in our candidates and the ventures they develop. We link candidates to the best resources available.

Teach: The candidates undergo rigorous training, including a world-class curriculum; transformational education experiences; entrepreneurial skill development; intensive team building; intensive how-to skills-building workshops; and hands-on guidance from mentors, world-class faculty, and some of the most successful entrepreneurs and innovators. Our highly acclaimed mentors and consultants lead workshops on prototype development, design, venture strategy, revenue model, marketing, operations, raising capital, legal structure, and more. Through program participation, candidates will develop the skills they need to compete in the global business environment by enlarging their entrepreneurial toolkits, expanding their roadmaps for starting new ventures, and enriching their social networks. Candidates graduate with UMKC Entrepreneurship Scholar status, ready to launch and execute their sustainable and scalable ventures that aspire to be the best of their kind.

Mentor: Candidates will meet regularly with world-class faculty and mentors to identify, design, implement, and lead their new business creation project. Candidates will network with top entrepreneurs and faculty, and collaborate with peers and other Entrepreneurship Scholars. Candidates will receive design training from experts, strategy and marketing from world-class faculty, fundraising consulting from entrepreneurs who have successfully raised funds, and legal guidance from pro bono lawyers.

Resources: Candidates will have the chance to pitch their ventures to hundreds of mentors, business leaders, entrepreneurs, and investors, and will showcase their ventures in our annual Venture Creation Challenge. In addition, the IEI will showcase candidates’ final presentations to the world in an effort to attract the resources needed to launch and execute their ventures.

Global Network: Arguably the most valuable asset of the Entrepreneurship Scholars Program is our global network of top mentors, world-class entrepreneurs, consultants, and sponsors which is designed to help our scholars execute their ventures.

See for yourself: To get a glimpse of what the program is all about, please watch feedback from candidates of the 2011 Entrepreneurship Scholars Program.

Program Academic Leadership:

michael_song_mark_parryDr. Michael Song, Charles N. Kimball, MRI/Missouri Endowed Chair in Management of Technology and Innovation
• World’s #1 innovation management scholar
• Executive Director, UMKC Institute for Entrepreneurship and Innovation

michael_song_mark_parryDr. Mark Parry, Ewing M. Kauffman/Missouri Endowed Chair in Entrepreneurial Leadership and Professor of Marketing
• World’s #11 innovation management scholar
• Awarded the Excellence in Global Marketing Research Award from the
  American Marketing Association

Optional:

Entrepreneurship scholar candidates may elect to register for up to three of the following 3-credit courses. The grading of these courses will be based on the performance in the Entrepreneurship Scholars Program. For more information on how to sign up for credit for entrepreneurship click here. Possible courses are:

Summer

ENT 215

INTRODUCTION TO ENTREPRENEURSHIP

ENT 315

INTRODUCTION TO ENTREPRENEURSHIP

ENT 5587C

SPECIAL TOPICS: VENTURE CREATION PLANNING

 

Fall Semester

ENT 327

CREATING THE NEW VENTURE

ENT 332

MANAGING THE NEW VENTURE

ENT 460

CREATING THE ENTERPRISE

ENT 5587C

SPECIAL TOPICS: VENTURE CREATION PLANNING

ENT 5587D

SPECIAL TOPICS: THE LAUNCH APPRENTICESHIP

 

Spring Semester

ENT 327

CREATING THE NEW VENTURE

ENT 332

MANAGING THE NEW VENTURE

ENT 5587C

SPECIAL TOPICS: VENTURE CREATION PLANNING

ENT 5587D

SPECIAL TOPICS: THE LAUNCH APPRENTICESHIP

(Please note that the scholarship from the e-scholars program does not cover the tuition for these courses).

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