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Fayetteville State University

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Student Innovaton and Entrepreneurship

Formal Program:

Undergraduate Concentration in Entrepreneurship

The 18 credit hour concentration in Entrepreneurship (as part of the existing Bachelor of Science in Business Administration Degree) is made up as follows: • ECON 301 Entrepreneurship and New Venture Creation (new 3 credit hour course) • ECON 303 Strategic Entrepreneurship (new 3 credit hour course) • FINC 315 Entrepreneurial Finance (new 3 credit hour course) • MGMT 350 Entrepreneurship (existing 3 credit hour course) • MGMT 460 Corporate Entrepreneurship (new 3 credit hour course) Plus one of the following courses: • MGMT 450 Small Business Management (existing 3 credit hour course) • ECON 460 Seminar in Entrepreneurship (new 3 credit hour course)

While this concentration is interdisciplinary, it will be housed in the Department of Managerial Economics and Finance. In the future, additional electives from marketing, business law or accounting may be added to this concentration. Purpose: The concentration in entrepreneurship will provide business students with the training and knowledge they need to launch new businesses and/or to develop new entrepreneurial ventures within existing firms. Rationale: While minorities account for almost one-third of North Carolina's population, they account for only one-eighth of business ownership in the state. A large percentage of the students at Fayetteville State University come from groups that are underrepresented in business and in entrepreneurial activities. In this context, the program is designed to fulfill an important social need to produce successful minority entrepreneurs. The program complements other programs in the School of Business and Economics and the University already has the resources for the implementation of this program in place. Most importantly, it is the University's specific mission to produce entrepreneurs, or "creative thinkers and leaders who will reach beyond current intellectual and cultural boundaries to become change agents for shaping the future of the nation and the world."

Entrepreneurial Leadership Institute

The Center for Entrepreneurship at Fayetteville State University is on the move. The center is working to become a national hub for minority entrepreneurship and be a leader in entrepreneurship and innovation training. Students selected for the institute are top students with very high level of academic excellence and leadership capabilities. Students selected for the institute go through a rigorous selection process and are ready to take any challenge.

Selected students are trained to acquire the following skills: • Ability to think like an entrepreneur • Superior oral presentation skills • Effective visual presentation skills • Ability to think outside the box • Ability to take leadership roles • Superior networking skills • Superior self-confidence • High ethical standard Selected students receive classroom and hands-on-training from: • Invited experts and professional trainers • Top level corporate executives and other guest speakers • Successful Entrepreneurs • Out of town travel to corporate & government establishments • Volunteering as leaders to major national entrepreneurship conference Organizing entrepreneurial workshops


3.0Outreach Fayetteville state offers four major outreach and enrichment programs, which are all focused on promoting entrepreneurship in high school students.

• Annual Youth Entrepreneurship Conference

• Annual Green Business Conference

• Special Workshops

• National Minority Entrepreneurship Conferencelink title

Encouraging faculty innovation and entrepreneurship

Fayetteville State University does not have any specific policies when coming to entrepreneurship and innovation outside of the business school. Though they do offer the services, it is not emphasized, which what I want to change.

While there are standard requirements in degree programs, it is just an option if one wants to pursue the concentration in entrepreneurship.


Actively supporting the university technology transfer function

While Fayetteville state does not offer much networking between the technological side and business side of things, but it does promote entrepreneurship within the business school.

The Center for Entrepreneurship at Fayetteville State University is on the move. The Center is working to become a national hub for minority entrepreneurship and be a leader in entrepreneurship and innovation training.

The Center for Entrepreneurship at Fayetteville State University provides the following program and activities: • Undergraduate Concentration in Entrepreneurship • Entrepreneurial Leadership Institute (ELI) • Regional Economic Development Initiative • National Minority Entrepreneurship Education Program • National Business Plan Competition 
Outreach Programs • Research Initiative in Entrepreneurship • Annual Youth Entrepreneurship Conference • Annual Green Business Conference • Bronco Idea Challenge

Facilitating University-Industry Collaboration

Fayetteville state university does not offer internships/collaborations directly correlated to entrepreneurship, but it does do a very good job with keeping these students informed. Many mass emails are sent about internships, competitions, and other opportunities students can apply to and or participate in. This information is sent direct to the students’ emails, but other information can often be found at the university career services center. While many campuses do have career services, many don’t have the dedication that Fayetteville state’s does when coming to forming connections because even outside of the career services center many departments are building networks. And example is the schools center for defense and homeland security. It has contracts and connections with places such as: IBM, MIT Lincoln Lab, Navy, Air Force, Lockheed Martin, and other big names. Thought it is not directly related to entrepreneurship, the school is strong when coming to providing resources to prepare students for the work force. The long term goal, is for Fayetteville State’s Entrepreneurial Leadership Institute, the school of business and economics, and the STEM department to start forming connections so that they can grow together.

Engaging with regional and local economic development efforts

Outreach Fayetteville state offers four major outreach and enrichment programs, which are all focused on promoting entrepreneurship in high school students.

• Annual Youth Entrepreneurship Conference • Who
Any high school or college student interested in learning about turning dreams into reality • What
Youth Entrepreneurship Conference • Where
Fayetteville State University • About
The objective of the Youth Entrepreneurship Conference is to teach and inspire young adults, to help them develop a 'can-do' entrepreneurial mindset to their accomplish goals--whatever those goals might be. There will be first-hand stories of success (and challenges) from local and national entrepreneurs who have "been there and done that".

• Annual Green Business Conference • Special Workshops • National Minority Entrepreneurship Conference


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