The mission of the Institute for Entrepreneurship & Innovation is to advance and promote entrepreneurship at Michigan State University and in the State of Michigan through research, education and outreach.
Leadership
- Forrest (Sam) Carter, Faculty Director, Institute for Entrepreneurship & Innovation
- Roger Calantone, Director, Institute for Entrepreneurship & Innovation
- Shawnee Vickery, Faculty Director, Demmer Center for Business Transformation
- Zsuzsanna Fluck, Director, Center for Venture Capital, Private Equity, and Entrepreneurial Finance
Goals
- To advance and promote academic and applied research on entrepreneurship, venture capital and private equity; and to disseminate academic and applied research and core knowledge to our constituents: University, alumni and community high-tech and biotech entrepreneurs; Venture capital and private equity practitioners; The State legislature; The Michigan Economic Development Corporation.
- To help stimulate economic development in the State of Michigan and to support the commercialization of Michigan State University’s own innovative ideas based on a wide range of research projects.
History
The Institute for Entrepreneurship & Innovation was formed in 2006 to bring together the knowledge and expertise of Broad College faculty in a concentrated entrepreneurship initiative. The Institute draws in faculty from across the college and entrepreneurs from the university and the Michigan community.
Focus
The Institute focuses on three main areas:
Research
Institute faculty conduct academic and applied research on a variety of topics pertaining to entrepreneurship: from new product development and commercialization to entrepreneurial finance, venture capital and private equity investments. A recent article in the Journal of Product Innovation Management ranked MSU third in innovation research worldwide and mentioned various Broad faculty members as world leaders in such research.
Education
Becoming an entrepreneur is a risky decision. At the Broad College and the Institute for Entrepreneurship, students are provided with the knowledge and experience they will need to succeed. Courses cover a range of topics and experiences, including developing a new business plan, learning the ins and outs of venture capital, and hands-on experience consulting for emerging businesses. Currently, business plan competitions are run for undergraduate and graduate students.
Outreach
In Michigan more than 23,000 new businesses were born in 2006 alone. (United States Small Business Administration Office of Advocacy) The Institute for Entrepreneurship helps to stimulate this economic growth by serving as a resource for emerging firms in Michigan. The Institute also supports the commercialization of Michigan State University’s own innovative ideas through partnerships with the variety of agencies withing the university as well as in the greater business community in Michigan.
Excellence
Venture Capital, Private Equity, and Entrepreneurial Finance
Run by Dr. Zsuzsanna Fluck, is attached to the Department of Finance.
