A guest post from our friends at BusinessBecause!
This month, we take a look at three of the best business schools for entrepreneurs.
Stanford Graduate School of Business, California, USA Business school in Silicon Valley Stanford Graduate School of Business is one the best known business schools in the world and has offered entrepreneurship classes as far back as the 50’s. It has 22 specialized courses at its Center for Entrepreneurial Studies.
Remarkeably 6-10 per cent of MBAs indicate they’ll be starting a new venture after graduating.
“A typical GSB student interested in entrepreneurship will have exposure to well over 60 entrepreneurs during their MBA,” says Linda Wells, Executive Director of the School’s Center for Entrepreneurial Studies.
The school also has a very active and well-connected Entrepreneur Club that organizes meet-ups throughout the year, and the Executive Dean of the School has a hotline to the investor and entrepreneur community and can refer students seeking mentoring, funding and legal advice.
IE Business School, Madrid, Spain Several scholarships and a twice-yearly opportunity to pitch to investors
IE Business School is a school that was actually founded by entrepreneurs. Each year, 35 entrepreneurs join the International MBA program. Approximately 10 per cent of the class consider themselves entrepreneurs at graduation. Five years after graduation, approximately 25 per cent of IMBA graduates are “involved in entrepreneurial activities”.
IE has a Venture Lab which leads to the twice yearly Venture Day, a day in which the top five business plans are presented to investors. Recently, two student-run companies have received VC funding due to the Venture Lab. There are several scholarships on offer for current or would-be entrepreneurs, including: scholarships for China-based entrepreneurs.
Lancaster University Management School, Lancaster, UK Helps existing entrepreneurs grow their firms
Lancaster University Management School has been had programmes for entrepreneurs since 1999. Notable alums include Nahed Taher, one of the FT’s 50 most powerful women in business and founder of Gulf One Investment Bank.
In 2003, Lancaster established the Institute for Entrepreneurship and Enterprise Development. It works with real-life businesses in entrepreneurial research, education and enterprise support.
During the first term, all students work on the New Venture Challenge to produce a business plan for an early stage company. The classroom teaching includes case studies and entrepreneurs in the classroom “to ground the theory in practice”, says Dr Frank Cave, who leads this module. Students also have to defend their ideas in front of a ‘Dragon’s Den’ style panel.
Lancaster MBA team’s business plan for Gaea Naturals, a water purification technology, made it to the semi finals of the prestigious Rice business plan competition in 2010.
For more stories like these visit BusinessBecause.