{"id":30221,"date":"2023-06-28T10:18:54","date_gmt":"2023-06-28T14:18:54","guid":{"rendered":"https:\/\/www.mbamission.com\/blog\/?p=30221"},"modified":"2023-06-28T10:18:56","modified_gmt":"2023-06-28T14:18:56","slug":"entrepreneurship-at-northwestern-kellogg-and-chicago-booth","status":"publish","type":"post","link":"https:\/\/www.mbamission.com\/blog\/entrepreneurship-at-northwestern-kellogg-and-chicago-booth\/","title":{"rendered":"Entrepreneurship at Northwestern Kellogg and Chicago Booth"},"content":{"rendered":"

How about a quick game of word association? We will start.<\/p>\n

\u201cKellogg.\u201d<\/p>\n

Okay, go ahead. \u201cEntrepreneurship,\u201d right? No? Aspiring MBAs may be surprised to learn that Northwestern University\u2019s Kellogg School of Management offers a number of courses in this discipline and that its Entrepreneurship and Innovation major is among its most popular areas of study\u2014defying the stereotype that Kellogg produces\u00a0only<\/em>\u00a0marketing MBAs.<\/p>\n

Overseen by the Larry and Carol Levy Institute for Entrepreneurial Practice, the Kellogg Innovation & Entrepreneurship Initiative (KIEI) offers numerous opportunities for students to develop their entrepreneurial acumen and currently features a total of 50 professors in its faculty. In addition to business plan competitions, the Levy Institute manages the Kellogg Early-stage Entrepreneurial Internship Program Stipends and the Entrepreneur in Residence Program, an experiential learning option through which, for a day, an experienced entrepreneur hosts half-hour one-on-one sessions with students who aspire to careers in this field or are seeking advice on their already active projects.<\/p>\n

The school\u2019s Heizer Center for Private Equity and Venture Capital offers the Private Equity Lab, wherein rising second-year students intern with small businesses or private equity firms to facilitate career transitions that would otherwise be challenging for those without experience. MBA student entrepreneurs coming from or planning to enter a family business will likely be interested to learn that the Kellogg John L. Ward Center for Family Enterprises not only publishes research and cases on such businesses but also confidentially consults with family-run companies. Indeed, this is all just the tip of the iceberg.<\/p>\n

Let us continue the guessing game: Chicago Booth is just a finance school, right?\u00a0Not at all.\u00a0We feel that not enough applicants are aware of Chicago Booth\u2019s robust \u201chands-on\u201d entrepreneurial offerings, which are available through its Polsky Center for Entrepreneurship and Innovation. Where to begin?<\/p>\n

Chicago Booth\u2019s practical academic programs extend into the field of entrepreneurship with the school\u2019s \u201cNew Venture and Small Enterprise Lab.\u201d Herein, students work within a host firm or take on a dedicated project in a class designed to train those who intend to ultimately join start-ups or provide consulting services to them. Other courses offered by the Polsky Center include \u201cLab to Launch,\u201d \u201cBuilding the New Venture,\u201d and \u201cEntrepreneurial Selling.\u201d In addition, the Polsky Center sponsors the annual Edward L. Kaplan New Venture Challenge, a business plan competition that awarded more than $1.4M in funding to its 2023 winners.<\/p>\n

Further, entrepreneurially minded Chicago Booth students can apply for funding from the Hyde Park Angels (HPA), a\u00a0group of former Chicago Booth Executive MBA students who make investments in start-ups\u2014in 2020, for example, the group invested nearly $14M. Although the HPA is an arms-length organization and does not source investments exclusively from Chicago Booth, it maintains a connection to the Polsky Center, which supports the HPA\u2019s mission. So, students hoping to get in front of the HPA\u2019s investment committee will have a built-in networking advantage. Also, the HPA offers students the opportunity to apply for the Hyde Park Angels Venture Capital Award, which is only available to Chicago Booth students.<\/p>\n

Believe it or not, we are just scratching the surface here. Again, Chicago Booth is most definitely\u00a0not<\/em> \u201cjust a finance school.\u201d<\/p>\n

For more information on Northwestern Kellogg, Chicago Booth, and other leading MBA programs, check out our free\u00a0<\/em>mbaMission Insider\u2019s Guides<\/strong><\/em><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

How about a quick game of word association? We will start. \u201cKellogg.\u201d Okay, go ahead. \u201cEntrepreneurship,\u201d right? No? Aspiring MBAs may be surprised to learn that Northwestern University\u2019s Kellogg School of Management offers a number of courses in this discipline and that its Entrepreneurship and Innovation major is among its most popular areas of study\u2014defying … Read More  <\/i><\/a><\/p>\n","protected":false},"author":11,"featured_media":35577,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[28,32],"tags":[65,333,304,234],"class_list":["post-30221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-northwestern-kellogg","category-chicago-booth","tag-booth-school-of-business","tag-entrepreneur","tag-entrepreneurial-studies","tag-northwestern-kellogg"],"acf":[],"yoast_head":"\nEntrepreneurship at Northwestern Kellogg and Chicago Booth<\/title>\n<meta name=\"description\" content=\"As part of Envision Kellogg, the school\u2019s strategic plan at the time, the MBA program introduced four new impact initiatives in 2012.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mbamission.com\/blog\/entrepreneurship-at-northwestern-kellogg-and-chicago-booth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Entrepreneurship at Northwestern Kellogg and Chicago Booth\" \/>\n<meta property=\"og:description\" content=\"As part of Envision Kellogg, the school\u2019s strategic plan at the time, the MBA program introduced four new impact initiatives in 2012.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mbamission.com\/blog\/entrepreneurship-at-northwestern-kellogg-and-chicago-booth\/\" \/>\n<meta property=\"og:site_name\" content=\"mbaMission - 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