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					University of Maryland, Baltimore County
UMBC enrolls 11,700 students (15% African American, 16% Asian American, and 3%
Hispanic & Native American).

The Associate Director of Corporate Relations, Executive Director of the UMBC
Research Park Corporation, and Interim Director of the Alex Brown Center for Science
and Technology Entrepreneurship attended the June 30 grant conference. The Kauffman
project will likely be housed at Brown Center. The Brown Center develops innovative
educational programs and services to support the creation of entrepreneurism in the
region. The center was established in 2000 with a million-dollar gift from the Alex
Brown Foundation. The center houses techcenter@UMBC, a fully equipped R&D
laboratory facility for high technology business development; bwtech@UMBC, a major
research and technology park that focuses on attracting engineering, information
technology, and life sciences firms; and the Idea Lab, which provides space, business
advice and mentoring required to cultivate entrepreneurs. The Idea lab complements the
recent implementation of the Entrepreneurship program offered at UMBC. The
curriculum is supported by a $1 million endowment from the Alex Brown Foundation.
UMBC has received both initial and subsequent support grants from the Kauffman
Foundation to support the Entrepreneur Internship Program
University of Memphis
UM enrolls approximately 20,000 students (“60% White, 30% Black, 9% Other”). UM’s
Director of Corporate and Foundation Grants and Director of Administration/Academic
Affairs attended the grant conference. While it is unknown whether the Kauffman project
would be housed at the Fogelman College of Business and Economics, information on
the College is provided here. Centers/initiatives include:

      The Bureau of Business and Economic Research/Center for Manpower
       Studies of the Fogelman College of Business and Economics at The University of
       Memphis provides data and analyses of economic, demographic, and business
       trends in the Mid-South and conducts applied research on topics affecting the
       state, regional, and local economies. Areas of concentrated research include
       economic development, welfare reform, gaming, education, economic impact
       studies, labor market analyses, revenue forecasting, and survey research. Research
       results are available in printed and electronic formats.

      Memphis CIBER
       Established in 1989, Memphis CIBER is the only CIBER located in the Lower
       Mississippi Delta region-an area encompassing most of Arkansas, Mississippi,
       and Louisiana and parts of Illinois, Kentucky, Missouri, and Tennessee.
       Characterized by serious limitations on human and economic resources and a
       provincial mindset wary of change, the Delta region contains some of the poorest
       counties in the United States
       Since its inception, Memphis CIBER has systematically worked to develop a
       continuum of programs designed to globalize the thinking and activities of
       students, faculty, and business in the Lower Mississippi Delta while contributing
       to national competitiveness goals. Core programs are continually refined to
       respond to emerging needs and growth opportunities while maintaining their
       focus on the region's unique needs.

       CIBER began its efforts focused on affecting institutional change at The
       University of Memphis. Results include the development and implementation of
       an International MBA Program that significantly advanced institutional
       collaboration, resources, and strategies for further internationalization efforts
       across academic disciplines.

      The Center for Economic Education
       The Center for Economic Education at the University of Memphis promotes
       economic literacy through the public and private school systems and to the
       community at large. The CEE provides resources, training and support to K-12
       educators to better equip teachers and students with functional economic and
       financial education. The CEE also provides opportunities for improved adult
       economic literacy through outreach programs. The CEE offers a variety of
       workshops and for-credit classes for teachers in the Memphis region.
   Center for Supply Chain Management
    The FedEx Center for Cycle Time Research, a division of the Fogelman College
    of Business and Economics, was formed in 1993 as a strategic alliance between
    The University of Memphis and FedEx. The purpose of the Center is to conduct
    research concerning ways of reducing time in organizational processes -- that is,
    the amount of time it takes to complete a task -- in a way that reduces cost and/or
    increases customer service. Much of the Center's work focuses on finding new
    ways of using information technology and organizational change to speedthe flow
    of information, thereby reducing paperwork and needless activity.

    The Center operates from a grant provided by Federal Express Corporation.
    Three-fourths of the money supports research projects requested by FedEx. These
    projects may address FedEx internal activities or those of key FedEx customers.
    The remaining funds are used by the University to enhance its information
    technology, academic and research programs.

    Representatives from FedEx and the Center comprise a Steering Committee
    which meets regularly to review the progressof current studies, discuss proposed
    future studies, and address other Center-related activities.

   The Center for Healthcare Economics
    In March 2003, Methodist Healthcare and Le Bonheur Systems, Inc. gave the
    University of Memphis a donation of $1,000,000 to establish The Center for
    Healthcare Economics in the Fogelman College of Business and Economics. The
    purpose of the Center is to address complex healthcare issues of efficiency,
    effectiveness and equity with a focus on emerging healthcare issues that affect
    Memphis, Shelby County, and the State of Tennessee.

    The Center provides a physical and administrative structure to facilitate the study
    of health care and its economic impact. Through a variety of research, internship,
    instruction, and public services programs, the Center works closely with entities
    both internal and external to the University to accomplish its mission. In the near
    term, the key policy areas emphasized by the Center include, among other topics:

       o Study of the impact and applicability of regional and state health
         economics trends
       o Evaluation of government health care programs such as TennCare and
         development of strategies and methods for improving the efficiency and
         effectiveness of these programs
       o Generation of scientific information concerning the costs and benefits of
         various wellness and health promotion programs for employers and their
       o Assistance to stakeholders such as patients and employers in the
         promotion of cost effective dissemination of new health technologies and
         pharmaceutical products
A search for entrepreneurship information resulted in specific classes taught in the
Department of Consumer Science and Education, including Entrepreneurship in Music
University of New Mexico
 (Information derived only from Internet sources based on a search of the UNM website
for “Kauffman Foundation” and “Entrepreneurship”)

UNM enrolls approximately 25,000 students on Main Campus (53% White, 27%
Hispanic, 6% Native American, 2% African-American).

A search for “entrepreneur, entrepreneurship, entrepreneurial,” etc. turned up no matches
with the exception of a reference to faculty member John Young (see last paragraph of
the UNM section). The best description of entrepreneur-related activity I found was in the
UNM in the Community 2000 webpage:

The Small Business Institute
In cooperation with the Small Business Administration, this on-campus Institute provides
direct consulting services to small businesses from across the state. Using student teams
under the direct supervision of a Ph.D. faculty member, small businesses are offered
confidential consultations on topics ranging from business and marketing plans to
recommendations for preparing requests for funding from the SBA, banks and venture
capitalists. Each year, hundreds of New Mexicans call on the SBI for a consultation or
referral to develop their business.

The Management Development Center
In addition to providing an accessible Executive MBA program on campus that enables
working executives and managers to reach their educational goals, the Management
Development Center has developed an aggressive outreach program to meet the changing
needs of the Central New Mexico business community. Nearly 400 students enrolled in
the MDC’s non-credit certification programs in basic accounting, management, human
resources management, global management and nonprofit management in 1998-99. The
MDC also provides specialized training and management diagnostic services to a variety
of corporate clients. In the past fiscal year, these services were provided to Excel
Staffing, Sunsoft, New Mexico Community Development Loan Fund, New Mexico
Community Foundation, Governor’s Career Conference, EMCORE, General Mills and
the State Highway Transportation Department, among others.

American Indian Management Center
Partnerships with New Mexico tribes and Native American communities are the primary
vehicles for carrying out the Center’s goals of providing meaningful curricula,
specialized technical assistance and focused research in order to assist these communities
in cultivating skills, knowledge and expertise in management, leadership,
entrepreneurship and community building. Teaming with ASM, the partners assess needs
and prioritize them based on their own planning processes. Then, jointly developed
strategies are implemented to secure resources to address the priorities.

The Parish Library
With the State’s largest holdings of business and management resources, Parish Library
is accessible to community members and more than 250 have chosen to have a library
card permitting the borrowing of its resources. Nearly 2,200 people visit Parish to do
business-related research each year. In addition, the advanced computerization of the
Library makes it possible for any New Mexican with Internet access to gather current
data, research, articles and information related to their business concerns.

The Anderson Schools Placement Center
Among the enrollees in this very comprehensive Center, nearly 600 are alumni (New
Mexico residents) seeking a new professional opportunity in the State. More than 300
employers in New Mexico contact the office each year to post available jobs, get
employment referrals and arrange for on-campus interviewing support. The Center also
provides employer education fairs and career management skills workshops, and it
participates in aggressive efforts to further the educational attainment of minority

Academic Programs
Much of the academic curriculum is directly connected to community outreach efforts of
the Schools, with the business community and the State of New Mexico providing the
laboratory experience students need to develop their skills as future business leaders here.
More than 300 businesses receive the direct support of student projects.

      Students in Tax Accounting I and II staff a volunteer income tax assistance
       program that prepares returns for the Association of Retarded Citizens, among
      Classes in Organizational Behavior and Diversity, New Venture Strategies and
       Travel and Tourism Management have all been problem-based with real
       businesses as their clients. In the most recent academic years, students have
       developed useful marketing plans for La Posada de Albuquerque, Sandoval
       County, the State’s ski industry, Indian Pueblos and local Chambers of
       Commerce. A nationally recognized entrepreneurship program places more than a
       dozen students in small, entrepreneurial businesses throughout Central New
      Technical Entrepreneurship is a mentorship program helping engineers and others
       develop business plans, while new efforts in e-commerce will include developing
       a full research base of statewide opportunities and challenges facing the electronic
       business environment.
      The Department of Marketing, Information and Decision Sciences offers more
       than a dozen classes that integrate student groups with businesses needing
       marketing planning and support.

Anderson School Students
More than 800 students are participants in various student organizations that last year
completed 30-hour volunteer commitments with the following area organizations: Zia
Credit Union Scholarship Foundation, Quality New Mexico, YWCA, Women’s Housing
Coalition, American Youth Soccer League, New Mexico Symphony Board, The
Storehouse, LANL Dollars for Scholars and Big Brothers/Big Sisters.

Of note: John Young, ASM Professor of Entrepreneurship and Strategy and Special
Advisor to the President on Economic Development, served as a Scholar-in-Residence at
the Center for Entrepreneurial Leadership, E.M. Kauffman Foundation. ASM established
the Rust Professorships in Ethics and Entrepreneurship. One previous grant from the
Kauffman Foundation in 1994 was for $2,500.
University of North Carolina at Chapel Hill
UNC enrolls 26,000 students (76% White, 10% African American, 14% Other).

The Vice Chancellor for Economic Development, Associate Director for Life Sciences in
the Office of Technology Development, and the Director of CFR for the Kenan-Flagler
School of Business attended the proposal conference.

The Center for Entrepreneurship and Technology Venturing (CETV) at the Kenan-
Flagler School of Business:

      Develops the knowledge of and spirit for entrepreneurship in its students
      Fosters significant academic research in the field of entrepreneurship
      Promotes entrepreneurship and economic development through outreach
       programs, both locally in the Research Triangle Park region and globally in
       emerging markets

As part of UNC Kenan-Flagler's top-tier MBA program, the Center for Entrepreneurship:

      Offers a concentration in Entrepreneurship that encompasses over fifteen elective
       courses in a variety of entrepreneurial topics
      Maintains close ties with the nearby Council for Entrepreneurial Development,
       the nation's largest entrepreneurial networking organization, creating numerous
       opportunities for students to gain first-hand knowledge in high-tech
       entrepreneurial ventures
      Hosts every spring the Venture Capital Investment Competition, the premier
       national event for MBA students interested in venture capital

The CETV hosts a speaker series in which entrepreneurs speak to campus faculty and
students; five entrepreneurship student clubs; and Carolina Entrepreneurship Research
services. The director of the research program, Howard Aldrich, received the
International Award for Entrepreneurship and Small Business Research 200 for his
significant contribution to understanding the development of new and small firms. The
award is the most prestigious for entrepreneurship research and is regarded as just a step
away from a Nobel Prize. UNC is also one of 13 universities nationwide that hosts a
three-week Leadership Education and Development (LEAD) Summer Business Institute
to attract minority high school students to careers in business. The UNC program is
sponsored by GlaxoSmithKline, Duke Energy, Cisco Systems, Microsoft, BB&T, Aon,
the Kauffman Foundation, BellSouth, and Johnson & Johnson.

The CETV is affiliated with several organizations of interest:

North Carolina Council for Entrepreneurship and Development (CED)
The CETV works closely with the Council for Entrepreneurial Development (CED), a
non-profit organization founded in 1984 to stimulate the creation and growth of high-
impact companies in the Research Triangle area. With more than 3,000 active members
representing more than 1,000 companies, CED is the largest entrepreneurial support
organization in the United States. CED provides an interactive forum for entrepreneurs,
investors, service professionals, academics, researchers and public policy makers who
combine their energies to create an environment in which entrepreneurship can flourish.
Partnership activities between CETV and CED include:

      CED's numerous educational and networking programs are available for Kenan-
       Flagler students and faculty to attend.
      Kenan-Flagler sponsors and hosts the CED's InfoTech and Venture Conferences
       each year. CED helps recruit companies to participate in the VCIC.
      The CED Entrepreneurial Scholars Program matches students and entrepreneurial
       companies for summer internships.
      Custom Executive Education programs for entrepreneurs.
      Co-hosting the fall 2002 Springboard Southeast Venture Forum for Women

Kauffman Center for Entrepreneurial Leadership
Headquartered in Kansas City, Missouri, the Kauffman Center for Entrepreneurial
Leadership (KCEL) is the world's largest financial supporter of entrepreneurship
education. At UNC Kenan-Flagler, KCEL has supported research programs, internships
and the Venture Capital Investment Competition. KCEL is a supporter of the Council for
Entrepreneurial Development and manages a comprehensive web resource for
entrepreneurs at

Entrepreneur of the Year Program
Ernst and Young founded the Entrepreneur of the Year® program to recognize successful
entrepreneurs. In conjunction with the Entrepreneur of the Year program, Ernst and
Young founded the Entrepreneur of the Year Institute to celebrate the accomplishments
of great business entrepreneurs around the world and to make the general public more
aware of the beneficial effects that entrepreneurs have on our society. Membership is
limited to Entrepreneur Of The Year® award recipients.

The Entrepreneur of the Year awards are given regionally. Winners of the regional
awards compete for the national Entrepreneur of the Year awards. The CETV hosts the
new inductees from the North and South Carolina region each year at the Master Panel of

Frank Hawkins Kenan Institute of Private Enterprise
The CETV coordinates its initiatives with the entrepreneurial programs of the Frank
Hawkins Kenan Institute of Private Enterprise (KIPE). The Kenan Institute was
established in 1985 to promote synergy among leaders in business, academia and
government for the purpose of strengthening the private enterprise system worldwide.
Some Kenan Institute programs that CETV directly or indirectly supports include:

      MBA Enterprise Corps
      Urban Investment Strategies Center (UISC) and Urban Enterprise Corps (UEC)
      Center for Sustainable Enterprise
      Business Advisory Center in Bangkok, Thailand

UNC Office of Technology Development (OTD)
The UNC OTD manages inventions resulting from research conducted at UNC-Chapel
Hill. UNC Kenan-Flagler works with OTD by providing student teams to write business
plans and develop strategies for emerging businesses resulting from the
commercialization of the technologies that pass the OTD's screening process. OTD is a
partner in the Launching the Company course and the Launcher.

Small Business and Technology Development Center
The SBTDC provides management counseling and educational services to help North
Carolina businesses meet challenges, manage change and plan for the future. The
SBTDC's office in Chapel Hill places MBA students in internships and practicums with
local businesses. It also hosts teams of MBA students who compete in the annual
statewide SBTDC Graduate Business Student Competition. Through these initiatives,
students provide a wide variety of business consulting services, applying what they
learned in the classroom to identify and solve real business problems.

National Consortium of Entrepreneurial Centers
The National Consortium of Entrepreneurship Centers was established under the vision
and leadership of the KCEL to continue collaboration among entrepreneurship centers.
The Consortium is the vehicle by which entrepreneurship centers can work together to
share information, develop special projects and assist each other in advancing and
improving the impact of their centers by enhancing and fostering improvements in
curriculum, research, outreach, projects and financial support for entrepreneurship.

National Venture Capital Association
As the trade association for the venture capital industry, the NVCA is a consistent
supporter of the Venture Capital Investment Competition.

North Carolina Venture Capital Association
CETV hosts the annual meeting of the NCVCA, in conjunction with the Council for
Entrepreneurial Development.

UNC Council for Entrepreneurial Law
Housed in the UNC Law School, the Council for Entrepreneurial Law seeks to provide
educational opportunities and promote entrepreneurial careers for law school graduates.

UNC is ranked as one of the top 25 colleges and universities by Entrepreneur Magazine.
The Kauffman Foundation has awarded UNC two grants in the last two years: a
Kauffman Collegiate Entrepreneur Network grant, and an Entrepreneur Internship
Program grant.

N.C. Universities Gain National Acclaim for Entrepreneurial Endeavors
NC Schools Receive Kauffman Grants and Top Honors by Entrepreneur
Magazine; CED's outreach efforts help bring entrepreneurship to NCCU
Research Triangle Park, NC - North Carolina's leading public and private universities are
gaining national attention for their entrepreneurship programs. Through grant money and
leading national rankings, North Carolina institutions of higher learning - Wake Forest
University (WFU), Duke University, UNC-Chapel Hill (UNC-CH), North Carolina
Central University (NCCU), and UNC-Charlotte (UNC-C) - are staking their claim as
leaders of entrepreneurial training and education in the United States.
Kauffman grant award winner NCCU received a $50,000 commitment to enhance its new
campus entrepreneurship program. Assisted in its proposal by CED's Community
Outreach and Development Committee (CODC), the NCCU proposal described the
institution's plans for new entrepreneurship education through an internship program,
business plan competition and case study development. Entrepreneur Donovan Moxey,
chairman of CED's Community Outreach and Development Committee, said he and the
committee were very pleased with NCCU's Kauffman grant.
"Under Dr. H. James Williams' leadership, Central's business school is executing on its
strong vision for the future, and we're pleased they've chosen to work with us on the
entrepreneurship plank," Moxey said. "The Kauffman grant will go a long way in helping
to prepare budding entrepreneurs for opportunities here in North Carolina."
In addition to NCCU's grant, four other universities from North Carolina recently
received the 2003 Kauffman Collegiate Entrepreneurship Network grant from the Ewing
Marion Kauffman Foundation. The five North Carolina recipients, among 52 programs
selected from over 300 applicants, support the Kauffman Foundation's efforts to increase
and strengthen entrepreneurship in America.
Below are the five North Carolina universities that received grants, along with the
amount and expected use of the money:
Duke University, $50,000, internships; field research; social enterprise initiatives
North Carolina Central University, $50,000, internships; business plan competition; case
study development
North Carolina State University, $50,000, awareness; faculty and curriculum
development; business plan competition
University of North Carolina at Chapel Hill, $50,000, venture capital investment
competition; Social Entrepreneurship Scholars
Wake Forest University, $47,300, awareness; new venture contest; liberal arts curriculum
Dr. H. James Williams, dean of NCCU's School of Business, said the grant would bolster
entrepreneurship in the region.
"Receiving this grant speaks volumes about what we're trying to do in academia and in
economic development," Williams said. "It's an outstanding opportunity to help improve
the entrepreneurial climate."
Robert Chapman of NCCU said the grant will expose students at NCCU's School of
Business to a more concrete description of the prototype entrepreneur.
"The Kauffman Collegiate Enterprise Network Grant Award, especially with CED as a
strategic partner, will enable those aspiring NCCU School of Business students the
opportunity to observe and learn the rewards and challenges of entrepreneurship from
entrepreneurs and their ongoing business enterprises," Chapman said.
In addition to the Kauffman grants, five N.C. universities were also ranked among the top
entrepreneurship programs, both regionally and nationally by Entrepreneur magazine. In
its April 2003 issue, the magazine ranked the top 100 entrepreneurial programs out of
more than 700 total, with 50 national and 50 regional rankings each subdivided into four
Top Tier, National: Wake Forest University
Second Tier, National: Duke University and UNC-Chapel Hill
Third Tier, Regional: North Carolina State University
Fourth Tier, Regional: UNC-Charlotte
Wake Forest's Babcock Graduate School of Management, with its Angell Center for
Entrepreneurship, was also recognized as the top-ranked school among entrepreneurship
"We are quite pleased with our ranking because it speaks well for the breadth of our
students and dedication of faculty," said Dr. Stan Mandel, director of the Angell Center
for Entrepreneurship. "Building a world-class entrepreneurship program requires
combining the talents and strengths of students, faculty, area entrepreneurs, and service
providers - including such industry leaders as North Carolina's CED."
Jeff Reid, executive director of UNC-Chapel Hill's Center for Entrepreneurship and
Technology Venturing, said the awards showed the important role that entrepreneurial
education plays in area universities.
"North Carolina should be proud to have so many schools recognized among the best in
the country for entrepreneurship," Reid said. "The universities really feed the
entrepreneurial community, with technology and talent."
According to Entrepreneur, the rankings are based on a variety of criteria, including
course offerings, teaching and research faculty, business-community outreaches, research
centers and institutes, advisory boards, off-campus programs, other entrepreneurial
initiatives, degrees and certificates offered, and faculty and alumni evaluations. A
complete list of ranked schools is available at
About CED: The Council for Entrepreneurial Development, located in Research Triangle
Park, NC, is a private, non-profit organization formed in 1984 to stimulate the creation
and growth of high-impact companies in the greater Research Triangle region. CED
provides education, mentoring and capital formation resources to new and existing high-
growth entrepreneurs through annual conferences, seminars, workshops and monthly
programs on entrepreneurial management and finance. CED is the largest entrepreneurial
support organization in the nation with more than 4,000 members representing 1,100
entrepreneurial companies, financiers and professional firms.

Electives available in 1998: 78
New electives in past three years: 41%
The core curriculum was last revised in: 1998
Accelerated MBA program offered? No

New Courses in Past Three Years
International Competitive Strategy, Entrepreneurship and Minority Development,
Electronic Commerce, Business Telecommunications/Electronic Commerce,
International Management, Consulting for Small Business, Venture Capital,
Entrepreneurship, Introduction to Entrepreneurship, Environmental Management,
Communications for Tomorrow's Leaders, New Product Design and Development, Crisis
Management, Compensation Management, Strategic HR Management, Managing Human
Resources, Organization Design, Business Law, Classic Books in Management,
Customer Equity, Marketing and Social Issues, Sports Marketing, Non-Profit Marketing,
Marketing for Entrepreneurship, Marketing Manager's Bookshelf, Consumer Behavior,
Accounting for Financial Analysis, Business Operations on the Internet, Environmental
Management, Environmental Operations Management, Operations Analysis, Operations
Management Models, Manufacturing Planning System, Supply Chain Management,
Response Time Management, Manufacturing Planning System, Equity Security Analysis,
Investment Banking, Quantitative Methods, Advanced Portfolio Management

Most Popular Electives
Financial Statement Analysis, Mergers & Acquisitions, Pricing, Business and
Telecommunications, Tax Strategy, Crisis Management, International Business Analysis,
Real Estate Developement Process

Most Popular Professors
David Ravenscraft, Marc Zenner, Jay Klompmaker, Robert Connolly, David Hartzell,
Jeffrey Abarbanell, Doug Shackelford, Richard Rendelman, Al Segars

Majors or Concentrations Added in Past Three Years
Kenan-Flagler does not have majors. Added career tracks include: information
technology, entrepreneurship, international business, strategic consulting, health care
consulting, corporate finance, commercial banking, industrial marketing, services
marketing, HR, and real estate.

Teaching Methods
Lecture: 40%
Case Study: 45%
Action Learning: 15%
Full-time faculty members:     70
Adjunct or visiting faculty:   13
Average core class size:       58
Average elective class size:   30

Laptop computer required? Yes

September 9th
Master Panel of Entrepreneurs Speaker Series
Time: 5:30 pm - 7:15 pm
Location: UNC-Chapel Hill Kenan-Flagler Business School
Fees: free
Learn from the best as the winners of the 2003 Ernst & Young Carolinas Entrepreneur Of
The Year ® share their success stories with students and special guests through a panel
hosted by the Center for Entrepreneurship and Technology Venturing, Ernst & Young,
and CED.

Confirmed panelists include:
Robin Smith, Biologics, Inc.
Dennis Braasch, Institutional Resources, LLC
Ping Fu, Raindrop Geomagic
Robert Scott, Universal Solutions
Dani Bolognese, Trimeris, Inc.
The National Commission on Entrepreneurship was created to focus public policy on the
role of entrepreneurship in the national economy and to articulate policies that will foster
its continued growth. The NCOE is a resource for anyone interested in entrepreneurship
and public policy.

  Stories of Entrepreneurs

        Entrepreneur:     Rosemary Jordano

        Company:          ChildrenFirst, Inc.

        Founders:         Rosemary Jordano

        Year Started:     1992

        Description of    ChildrenFirst provides back-up child care to employees
        Business:         of over 260 corporations and consortia throughout the
                          United States and Canada. Corporate clients pay a
                          yearly fee in exchange for a specific number of days of
                          back-up child care. The client’s employees are then able
                          to bring their children to a ChildrenFirst center
                          whenever primary child care plans fall through. In 2001
                          the company had 35,869 registered children and
                          provided 73,172 child visits.

  Biography of Rosemary Jordano: Ms. Jordano earned a degree in economics and
  psychology from Wellesley College in 1984. She also holds a Master’s in
  Developmental Psychology from Oxford University in England earned and an MBA
  from Stanford University in 1989. She began her career working as a financial
analyst for Merrill Lynch Capital Markets in New York and Los Angeles before
returning to her primary interest, quality child care. Ms. Jordano was a recipient of
The Boston Jaycees 1998 Top Ten Outstanding Young Leaders Award; the Pinnacle
Award for Achievement in Business from the Greater Boston Chamber of
Commerce; the Stanford Graduate School of Business Leadership Award; and the
1997-98 Leading Women Award from the Patriot’s Trail Girl Scout Council. She
serves on the national board of Jumpstart; the Regis College Board of Trustees; the
Dana-Farber Leadership Council; and the Woman’s Health Leadership Forum at
Boston’s Bringham & Woman’s Hospital. She has also participated in the
Presidential Summit for America’s Future and the White House Conference on Child
How the Business Started: Ropes and Gray -- a Boston law firm -- opened a child
care center in 1992 to provide backup care for the firms employees. Operation of this
center was eventually taken over by ChildrenFirst, and became the first of 31 centers
now operating in the United States and Canada.
Outstanding Contributions:
Entrepreneurs make unique contributions to the American economy. ChildFirst
provides an innovative service in a previously untapped market. The company also
allows tens of thousands of corporate employees to enhance their job performance
by missing fewer days of work.
Entrepreneurs create innovations that improve our quality of life: Not only do
backup child care providers increase worker productivity, they also give parents
peace of mind knowing that their children are being well-cared for in a safe
environment. Such centers give parents the opportunity to bring their families with
them on business trips, providing an opportunity for greater family togetherness.
Entrepreneurs create new jobs: ChildrenFirst currently employs over 220 people
across the nation and in Canada.
Entrepreneurs improve our position in global economic competition: Back-up child
care reduces absenteeism and increases productivity by providing parents with an
alternative to taking days off from work when their primary child care plans fall
Entrepreneurs reinvest newly created wealth in the economy: Rosemary Jordano and
ChildrenFirst have pledged over 100 volunteer hours per employee and 1,000 days
of backup child care in the communities they serve.

Other Stories:
Michael Dell, Dell Computers
Robert Rivera, Spectrum Communications
Catherine Muther, Three Guineas Fund
Howard Schultz, Starbucks Coffee
Martha Stewart, Martha Stewart Living Omnimedia
Robert L. Johnson, Black Entertainment Television
Arthur M. Blank, Home Depot
University of Rochester
Rochester is a private university with approximately 8,000 students (58% White, 9%
Asian/Pacific Islander, 4% African-American, 3% Hispanic).

The Vice Provost and Dean of the Faculty, Dean of the College, and Area Coordinator
for Entrepreneurship at the Simon Graduate School of Business Administration attended
the proposal conference. The Kauffman grant press release states:

   “At Rochester, we understand entrepreneurship to mean the transformation of ideas
   into enterprises that generate value--intellectual, cultural, and economic," said
   Thomas H. Jackson, University president. "The University of Rochester is George
   Eastman's university. Eastman's educational philanthropy--itself the fruit of his
   distinctive entrepreneurial genius--made it possible for Rochester to become a leader
   among American universities.

   The Kauffman Campuses Initiative would give the University the opportunity to
   expand entrepreneurship education and make a greater impact on students and on
   economic development in the community. Entrepreneurial values and concepts would
   be embedded into the curriculum, advancing innovation and fostering hands-on
   experiences across the University.

   Those at the University contributing to the development of this investment in
   entrepreneurship include the College, the School of Engineering and Applied
   Sciences and its Center for Electronic Imaging Systems, the Simon Graduate School
   of Business Administration, the Eastman School of Music, the Institute of Optics, the
   University of Rochester School of Nursing, and the University of Rochester Medical

The Simon School offers a concentration in Entrepeneurship, as well as an M.S. degree in
Business Administration with a concentration in Technology Transfer and

Entrepreneur Magazine ranks Rochester as one of the top 25 schools with Entrepreneurial
Emphasis programs. Rochester has received several Kauffman Foundation grants in the
last two years: a $37,500 Kauffman Collegiate Entrenpreneurship Network grant to
enhance existing entrepreneurship courses for graduate and undergraduate students, as
well as host two regional conferences; and initial and subsequent support Kauffman
Entrepreneurial Internship Program grants. Rochester also received a separate $10,000
grant to support a pilot program to educate, connect, and mentor academics from the
Rochester science community about technology commercialization and the technology
transfer process.

Simon Graduate School of Business

Entrepreneurship (ENT) (Taught at the MBA Level)
(5 courses)
The Simon School is committed to the teaching of entrepreneurship. The
Entrepreneurship concentration allows the student to draw from a variety of carefully
selected courses to become a business generalist, well versed in organizing and managing
resources. Graduates with this concentration have started their own ventures or have
pursued "intrapreneurial" careers with major corporations. Students often combine this
concentration with finance or marketing to further enhance their educational base.

Required core courses, plus:

GBA 422 The Role of Entrepreneurship in Value Creation in Large and Small
GBA 423 New Venture Management and Entrepreneurship
MKT 412 Marketing Research

Plus two courses selected from this list:

ACC 411 Financial Statement Analysis
BPP 431 Tax and Legal Issues of New Ventures
BPP 432 Basic Business Law
CIS 413 The Economics of Information Management
CIS 415 Business Process Analysis and Design (ECM 415)
FIN 413 Corporate Finance
FIN 423 Corporate Financial Policy and Control
FIN 433 Cases in Finance
GBA 424 Projects in Entrepreneurship
MKT 414 Pricing Policies (STR 423)
MKT 432 Product Planning and Development
OMG 412 Service Management
OMG 413 International Manufacturing and Service Strategy

Description of Required courses in Entrepreneurship

GBA 422. The Role of Entrepreneurship in Value Creation in Large and Small
The primary topics to be covered are:
• Evolution of the modern entrepreneur and his or her potential impact on 21st-century
business practices;
• Entrepreneurial value creation process in large and small enterprises;
• Recognition and creation of business opportunities through business analysis and
market research;
• Characteristics of an entrepreneurial mind and the environment in which it flourishes;
• The role of organizational architecture in achieving optimum performance;
• Providing resources for start-up entrepreneurial ventures from seed funds to full equity
• Corporate venturing and alliances;
• Managing the enterprise from inception to maturity; and
• Exit strategies for corporate and start-up ventures.
The teaching approach will be a combination of lectures, selected outside speakers,
readings and cases
Prerequisite: completion of core courses

GBA 423. New Venture Management and Entrepreneurship
This course examines the management skills and tools associated with innovation and
new-business development. The analysis of entrepreneurship is from both the large- and
small-company perspectives. This view is expanded to encompass interactions between
the two and the effects of large-company outsourcing decisions on the development and
growth of new ventures. Management issues regarding the start-up of a new enterprise
are discussed. The planning and strategy-formation process is reviewed in terms of
company and business-unit goals. Topics include: new business trends, marketing
analysis, the management team, organizational problems, financial forecasting
capitalization plans and sources of funding, the due-diligence process and valuing the
venture. Lectures, cases and guest speakers are utilized. The speakers represent a range of
new-venture topics from entrepreneur and venture capitalist to legal support. The
completion of a business plan for a proposed new venture is required.
Prerequisite: completion of core courses

MKT 412. Marketing Research
This course deals with the collection and use of data to support marketing decisions. The
first part of the course teaches the student how to formulate the research problem, design
the research and collect the data. Among the data-collection techniques discussed are:
questionnaire design; telephone, mail and electronic surveys; and laboratory and field
experiments. The second part of the course examines various techniques for analyzing
data: cross-classification analysis, factor analysis, multidimensional scaling, conjoint
analysis, etc. As part of the course requirements, teams of students design, administer,
analyze and report on an actual marketing-research study.
Prerequisites: MKT 402; APS 411

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