New entrepreneurship minor at Kettering

Aug 8, 2008

The Kettering University alumni roster has many innovators and entrepreneurs in its ranks. Now students can get a head start launching their own companies through the new minor in Innovation and Entrepreneurship.

Kettering University recently established a new minor in Innovation and Entrepreneurship that falls in line with the national growth of entrepreneurship programs in universities across the country. According to Dr. Andy Borchers, interim head of the Department of Business atKettering, this minor is a perfect compliment to the Kettering brand of education, which boasts the most progressive cooperative education program in the country with more than 600 companies and organizations participating.

“Kettering University has always had a strong history of developing innovators and entrepreneurs.  The new minor in Innovation and Entrepreneurship gives students a further ‘leg up’ as they develop key e-ship skills while an undergraduate.  Combined with our active student Kettering Entrepreneur Society, on-campus Small  Business Technology Development Center, annual business plan competition and business incubators, students have the crucial support they need to formulate new ventures and innovations in existing organizations,” Borchers said. He also added that given today’s problems related to energy, global warming, health care, food production and poverty, scientists and engineers “face a set of ‘grand challenges.’  There is tremendous opportunity for our students to innovate in solving these problems.  As noted venture capitalist Floyd Kvamme put it, ‘Venture capital is the search for smart engineers.’”    

Dr. Massoud Tavakoli also noted that since the receipt of the first Kern grant, “the number of student businesses spurred by this funding is now at five, which is a good measure of success. We expect more to come online within the next year or two,” he said.

Dr. Michael Harris, provost and vice president of Academic Affairs at Kettering, believes that creating programs and areas of studies like this are crucial to the education of all Kettering students, which can ultimately bring positive impact to our nation’s industries.

"We continue to work hard in developing new academic programs that are current and relevant,” he said. “The creation of entrepreneurship studies and appointment of the McDonald Endowed Chair in Entrepreneurship are in fact part of a larger effort to positively impact the culture and quality of our academic experience," he added.

The minor requires students to complete four courses: the popular Innovations and New Ventures (BUSN572), Entrepreneurial Finance (FINC415), Business Law (BUSN453) and one of three business minor classes (ACC315, MRKT570, or MGMT350).  Students can combine the Entrepreneurship and Innovation minor with a Business minor and complete both in just six courses.  Student interest in entrepreneurship is growing rapidly on campus.  By the end of 2008 more than 100 students will have completed Innovations and New Ventures. 

To learn more about this important new minor, please contact the Department of Business via email at business@kettering.edu or call (810) 762-7983.

Written by Gary J. Erwin
810.762.9538
gerwin@kettering.edu