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There is a lot of truth in the statement, but back then this didn't resonate with a group of talented mechanical engineers. Perhaps it wasn't the right group, but it is far more likely that there is a lack of student exposure to entrepreneurship, which I wish to change.
Ranging from 3DS to StartUp Institute and Lean Startup Machine, there are plenty of startup programs that hold a promise on improving and fostering interest in entrepreneurship and idea development in Union students. The plan is to bring in one organization each year for a weekend or week-long on-campus program that students can participate in.
Words "venture capital" are just as rarely heard on campus as the word "startup". But how could one start a company without initial capital? The plan is to have a pilot talk on venture capitalists, followed by a workshop, to get students initially informed on the posibilities about funding their startup, and depending on interest, continue to hold either annual, or monthly talks and workshops on startup businesses and venture capital.