Zell Lurie Institute Sets the Bar Again
The Princeton Review and Entrepreneur Magazine rank the program in the top five for the third consecutive year.
Ann Arbor, Mich. — The Ross School's Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies has again been named one of the top graduate entrepreneurship programs in the nation by the Princeton Review and Entrepreneur magazine. They recognized the institute in a joint ranking of the top 25 graduate entrepreneurship programs. This marks the third consecutive year the institute has appeared among the top five.
"We are pleased to continually appear in the upper echelon of graduate entrepreneurship program rankings," says Thomas Kinnear, executive director of the institute. "Our innovative approach and ability to support our students with the needed resources to test business ideas, make investments, and place them in the field around the globe sets us apart from our peers. The main beneficiaries of our success, of course, are the University students and graduates who will deploy their entrepreneurship skills, knowledge, and experience to launch new companies, drive venture capital investment, and forge innovative career pathways at major corporations." Kinnear also is the Eugene Applebaum Professor of Entrepreneurial Studies and professor of marketing at Michigan Ross.
The University of Michigan has been a driving force in the advancement of entrepreneurial education since 1927, when it offered the nation's first course in entrepreneurship at what is now the Ross School of Business. In 1999, the University was among the first to launch a full program dedicated to entrepreneurial education with the creation of the Zell Lurie Institute. The institute was established through a $10 million gift from businessman Samuel Zell, AB '63/JD '66/HLLD '05 and distinguished philanthropist Ann Lurie, the wife of Zell's late business partner, Robert Lurie.
"Entrepreneurship is fundamental to the economy as a growth engine," says Zell. "In today's environment, the institute's mission — to educate and launch entrepreneurs — is critical. We are catalyzing a new generation, and the evidence of its success is visible."
The institute's robust program portfolio, including field projects for full- and part-time MBA students, has set the bar for entrepreneurial education across the U.S. Its flagship Wolverine Venture Fund was the first student-led venture fund of its kind in the country. Students also can experience venture capital firsthand through the Frankel Commercialization Fund and the Social Venture Fund. Together, these "evergreen," student-run funds have $6.5 million under management, boast four successful exits, and deliver returns that are comparable to the top-quartile of professionally managed funds. In addition, the Zell Lurie Institute has provided scholarships, grants, competition awards, and internship funding since its inception that total more than $3 million — helping advance new venture development and the entrepreneurial skill set of more than 3,000 students.
During the 2012-13 academic year, the institute will continue to nurture students' entrepreneurial endeavors with a commitment of more than $1.8 million toward the development of investment and grant programming.
The Zell Lurie Institute is just part of the University of Michigan's flourishing entrepreneurial community. The institute's partnership with the Center for Entrepreneurship at the College of Engineering (COE) launched TechArb, a student accelerator that is jointly managed. This fall, the Ross School and the COE welcomed the inaugural class of the one-year Master of Entrepreneurship Program. In addition, the Zell Entrepreneurship & Law Program and the Medical Innovation Center host programs in which graduate students participate.
More than 2,000 schools were surveyed by the Princeton Review. The complete rankings will appear in the October issue of Entrepreneur, both in print and online.
For more information, contact:
Mary Nickson, (734) 615-4424, firstname.lastname@example.org