School:Michigan State University
- 1 Promoting Student Innovation and Entrepreneurship
- 2 Encouraging Faculty Innovation and Entrepreneurship
- 3 Actively Supporting the University Technology Transfer Function
- 4 Facilitating University-Industry Collaboration
- 5 Engaging with Regional and Local Economic Development Efforts
- 6 Landscape Canvas
- 7 Innovation and Entrepreneurship Workshop Prototyping
- 8 Related Links
Promoting Student Innovation and Entrepreneurship
Michigan State University is at the developing stages of undergraduate student innovation and entrepreneurship and has very few engagement in any graduate student promotion in the field. The bulk of the undergraduate student promotion of innovation and entrepreneurship is occurring at a much better succession rate compared to last year. We have accumulated many students - underclassmen and upperclassmen - from a variety of majors to join the minor in Entrepreneurship & Innovation as well as utilize the resources MSU provides.
In terms of undergraduate facilities, Michigan State University sponsors a variety of incubators, such as The Hatch, and has many office spaces for young entrepreneurs to venture forth from, such as the Neo Center and the Technology Innovation Center. From here Michigan State has a variety of sources for funding and continued support such as a wide network of alumni and business relations which the department eagerly connects with promising university entrepreneurs. In addition, we have local businesses such as LEAP, which offers free resource to help develop student’s idea.
Compared to previous years, Michigan State provides a slew of workshops, resources, and classes for early-stage development. While the tools are there for entrepreneurs to realize their concepts and make them a reality, students are sometimes unaware of the resources available to them, intimidated by the idea of entrepreneurship, uneducated in the basics of entrepreneurial efforts, or too strongly encouraged down the industry path to even consider entrepreneurship. This is an area which requires massive improvement on campus. The tools and accessibility of entrepreneurship need to be better marketed to students starting early in their academic career.
Encouraging Faculty Innovation and Entrepreneurship
Faculty Innovation is strong at Michigan State University. The pipeline from idea to startup for faculty is well developed and supported by the university. From patent development to funding and business model development, Michigan State gives their faculty all the tools they need to become startup CEOs.
Actively Supporting the University Technology Transfer Function
The Technology Transfer offices at Michigan State support students in a significant way. By providing patent and technology support, students are empowered to innovate without needing to worry about licenses and patents. You can find out more about the Technology Transfer process here.
Facilitating University-Industry Collaboration
If there is only one thing to take away from this page it is this: Michigan State University has unparalleled University-Industry Collaboration. The University constantly strives to give their students the best opportunities industry has to offer them. From constantly involving industry representatives in the designing of their curriculum, especially in the college of engineering, to holding massive career fairs with all forms of companies represented, Michigan State knows how to connect students with industry. Much of the curriculum even includes different strategies for students to independently connect with industry representatives through resume building, classes on proper social media usage, and pre-career gallery coaching. Many colleges even include centers for connecting students to faculty, one of which is the college of engineering which has an extremely strong career center.
Engaging with Regional and Local Economic Development Efforts
Much of the funding for startup entrepreneurs at Michigan State comes from regional development efforts and economic support grants. The community is actively involved in increasing the entrepreneurship coming out of the university in an effort to strengthen the area economically. In response, Michigan State gives a lot back to the community through increasing startup company activity.