The University of Michigan announced today that they have begun accepting applications for a new Master of Entrepreneurship program. The program is offered jointly between the University of Michigan’s top-ranked College of Engineering and Stephen M. Ross School of Business.
“U-M is offering this specialized field of study because it’s not available through conventional business or engineering programs. Most business schools focus on the skill set required in larger, more mature organizations, and most engineering programs don’t include market assessment and commercialization skills. Our new program brings these two cultures together in a novel synthesis that is greater than the sum of its parts,” said Bill Lovejoy, a professor at the Michigan Ross School of Business and co-director of the new program.
The inaugural class will begin in the fall of 2012. It is comprised of a 36-credit hour, 12-month program designed teach fundamental entrepreneurial skills.
While at face value this might seem like a bold move for a top-five business school, U-M does have a respectable track record when it comes to fostering innovation. According to the University, In 2011 alone U-M’s Tech Transfer office recorded 101 licenses and options, filed for 122 patents and helped launch 11 new startups, putting U-M once again in the top 10 U.S. universities in tech transfer performance. In the past decade, technologies developed in faculty labs have spawned 92 start-ups.
U-M also has two startup accelerators, three entrepreneurship centers and countless business pitch, plan, and model competitions. Some prominent examples include MPowered and their 1000 Pitches competition.