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Entrepreneurship @ Lubin
![[Entrepreneurship]](http://www.pace.edu/lubin/wfo/images/entrepreneurship/30YearsOpportunity.jpg)
Pace University's Entrepreneurship program is celebrating its 30th Anniversary: 1979 - 2009
Entrepreneurship @ Lubin
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| ANNOUNCING THE WINNERS OF THE SIXTH ANNUAL PACE BUSINESS PLAN COMPETITION | ||
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![[U.S.News & World Report]](http://appsrv.pace.edu/Lubin/images/badges/BestUnderGradSchools2010.jpg) |
Pace University was named one of the top 100 Entrepreneurial Colleges and Universities in the United States by Entrepreneur magazine's for its entrepreneurship program at the Lubin School of Business. For three consecutive years of the survey, Pace's Lubin School has been ranked as one of the top 100 entrepreneurship schools and one of the top 50 regional schools. More than 1,000 entrepreneurship programs and curricula were researched for this study and the rankings are based on more than 70 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, tangible venture development, access to capital funding, and faculty and alumni evaluations.
The undergraduate business program at Pace University's Lubin School of Business is ranked among the best business programs nationwide by U.S.News & World Report.
Pace University created a business incubator for early-stage companies. It has provides low-cost space, economic incentives, and assistance in general business techniques and commercialization. www.sci2.org is: a commercialization accelerator for early stage companies seeking funding, intellectual capital, business development expertise, and potential strategic relationships with Fortune 1000 companies that results in jobs and economic development in Westchester and in lower Manhattan, and thereby "Leveraging Pace University's Knowledge Capital for Businesses & Communities."
Early stage companies which have developed through the use of university accelerators, such as SCI2, have enjoyed far more success than non-university accelerators. According to a March, 2003 National Business Incubator (NBIA) survey, "Academic Institutions were the most common incubation program sponsor ...In 2001 alone, North American Incubators assisted more than 35,000 start-up companies that provided full-time employment for nearly 82,000 workers and generated annual earnings of more than $7 billion." The current incubator growth trend is strongly upward. For additional information, please see www.sci2.org
In 1986, Pace University's Small Business Development Center (SBDC) was created to assist existing small businesses and aspiring entrepreneurs. The SBDC is funded by Pace University and the U.S. Small Business Administration and is administered by the Research Foundation of the State University of New York. The Center was recently ranked 2nd out of 23 centers in New York State, as it provided almost 7,000 hours of counseling to over 1,000 new clients, which resulted in the creation or retention of 450 jobs and over $9 million of investment in 2003. After September 11, 2001, the SBDC worked diligently to secure recovery loans for small business owners affected by the attacks.
The Helene & Grant Wilson Center for Social Entrepreneurship was created in 2005 to serve the nonprofit community and Pace University. Devoted to honing the risk-taking spirit and managerial skills of nonprofit organizations, the center was launched with a pledge of $5 million from Helene and Grant Wilson, Boston-area entrepreneurs and philanthropists whose involvement with nonprofit organizations has convinced them that more-entrepreneurial management can help these organizations increase their impact.
On the undergraduate level, the Entrepreneurship concentration, which falls under the rubric of management, focuses on providing students with the skills that they need to initiate and manage business ventures, including developing new products, drafting a business plan, and forming and running a new business. Financial management, marketing, and human resource management with a small business setting focus are among the topics covered in entrepreneurship courses. Students also learn to analyze consumer and business trends and to use this information in planning and developing a new business venture.
Overall, Lubin's undergraduate programs assist students in developing skills and perspectives that typify successful management and professional practice. Our success is reflected in the national recognition that we have received for our BBA program.
A dramatic increase in the number of people who start small businesses has resulted in the creation of more jobs by entrepreneurs than from any other sector of the economy. The new entrepreneur must be comfortable with all facets of business development and must be able to turn an opportunity into a competitive advantage. With that in mind, on the MBA level, the Entrepreneurial Studies concentration covers all phases of the entrepreneurial experience, including the organizational, financial, marketing, and operating requirements for a new business venture. It focuses on factors and processes that are unique to the entrepreneurial environment.
It addresses both the growth phase and the problem phase of the small business development cycle, including the structural, organizational, and financial transformations required from start-up phase to successful corporation. The objective of this program is to give students the preparation needed to start and manage their own business.
The Pace Association for Collegiate Entrepreneurs (P.A.C.E.) is active on both the Westchester and New York City campuses. P.A.C.E. seeks to raise the awareness of entrepreneurship throughout the University and to foster entrepreneurial activities among students. The founders believe that entrepreneurship is synonymous with Pace's motto Opportunitas and the goal of the Association is to empower students by learning how to better identify, evaluate, develop, and capitalize on new opportunities. Visit the Pace Association for Collegiate Entrepreneurs Web site for more information.
To find out more about Entrepreneurship at Lubin, contact Program Director Bruce Bachenheimer at (212) 618-6580 or bbachenheimer@pace.edu.