With commencement just days away, The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Stephen M. Ross School of Business marked the close of another successful academic year, punctuated by the fact that nearly $350,000 in funding was disbursed to students to advance their entrepreneurial mindsets and endeavors. The funding supports students and student teams developing new ventures through the Dare to Dream and Venture Shaping Grants program and the Michigan Business Challenge and places interns at U.S. based high-growth startups through the Marcel Gani Internship program.
The Zell Lurie Institute has long been renowned as a global leader in entrepreneurship education and was named the No. 3 Graduate Program in Entrepreneurship in the U.S. in 2014 by Entrepreneur Magazine.
In addition to the top ranking, specific activity and achievements during the 2014-2015 academic year include:
- Awarding $50,000 in grants to promising student ventures, including 29 Mayleben Venture Shaping grants, 13 Dare to Dream Assessment grants and 5 Dare to Dream Integration grants
- Awarding $75,000 to student teams during the annual Michigan Business Challenge, including a new Social Impact track with the Center for Social Impact and Erb Institute that awarded a $15,000 prize
- Placing 20 students at start-ups and VC firms through the Marcel Gani internship program
- Giving more than 20 teams access to student-startup accelerator TechArb, a joint program offered with the College of Engineering’s Center for Entrepreneurship, and with support from the ZEAL (Zell Entrepreneurship and Law) and the School of Information
- Providing 12 tuition-based scholarships to returning MBA students totaling $75,000
- Enabling teams to complete in nine intercollegiate business plan and VC investment competitions; Elegus Technologies reached the Semi-Finals at the Rice Business Plan Competition, and the team that won Ross’ internal Venture Capital Investment Competition went on to win the Regional Competition and compete in the Global Finals
- Participating in an investment in Detroit-based Loveland Technologies through the Social Venture Fund, one of three student-led funds