The idea to create this institute was born of my own experience as an entrepreneur and the fact that there were so few educational resources that were available to me on that path
Ferndale, WA (PRWEB) February 9, 2007
Students began attending the College with the ultimate goal of earning a degree in entrepreneurship, which will serve as a springboard to their career as entrepreneurs.
"The idea to create this institute was born of my own experience as an entrepreneur and the fact that there were so few educational resources that were available to me on that path," said Peter J. Burns, III, the founder of the IFE.
Burns has gone to great lengths to ensure that would-be entrepreneurs are not only given the necessary education, but also important resources, both financial and intellectual. Among the organizations that he has either created or partnered with are:
Club Entrepreneur - an inclusive and dynamic community of would-be, existing and seasoned entrepreneurs that join together on a regular basis to network and share their experience about owning and operating a small business.
e-Lab - an organization that facilitates the mentoring of students so that they can learn the skills necessary to develop their own companies.
University Entrepreneurs Fund - a specially created fund that offers initial seed and first-round funding to select student-inspired businesses formed at the College of Entrepreneurship. Specifically, the fund grants $100,000 as seed capital and a subsequent round of $500k is then made available to them, on a select basis.
The Entrepreneurship Factory - an entity that takes commercial real estate, such as small, vacant hotels in inner-city locations, and converts them to inexpensive office space for budding entrepreneurs.
Michael Gerber, founder of E-Myth Worldwide, a privately held online business education provider, and author of the best-selling The E-Myth: Why Most Small Businesses Don't Work and What To Do About It, has embraced Burns' Institute, calling it "a powerful new vehicle for helping millions of entrepreneurs to pursue their dreams and passion.
"We believe everyone has an inner entrepreneur who needs to be awakened, and that skills to be a successful entrepreneur can definitely be taught," said Gerber, who will be chairman of the IFE's Advisory Board.
The contract with Grand Canyon University will be the first of many such licensing deals for the Institute.
"There are dozens, if not hundreds, of universities and colleges that would like to offer a College of Entrepreneurship," said Burns. "It's our goal to work with them and make sure all young people have a chance to become successful entrepreneurs."
About the Institute for Entrepreneurship
The Institute for Entrepreneurship helps bridge the gap between a great business idea and successfully operating in the business world. The founders of the Institute are revolutionizing entrepreneurial education, wedded to the belief that every person on the planet is a budding entrepreneur. The Institute also believes that it is up to existing entrepreneurs to facilitate the transformation of the next generation of emerging entrepreneurs. While there are some schools that teach students many of the skills needed to start a business, little or no help is offered to assist the student in actually starting a real business upon graduation. Most business schools instruct students in theory and prepare graduates for on-the-job-training at existing companies. Our founders knew that what is needed is a program that prepares students to be entrepreneurs and start their own businesses upon graduation.
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