Monday, August 15, 2011
Press Release: Carnegie Mellon's Silicon Valley Campus Launches Novel Entrepreneurship ProgramContact: Chriss Swaney / 412-268-5776 / Swaney@andrew.cmu.edu
Or Sylvia Leong / 650-335-2808 / Sylvia.firstname.lastname@example.org
PITTSBURGH—America's entrepreneurial spirit will get a jump-start as Carnegie Mellon's Silicon Valley campus launches an accelerated Entrepreneurship Program in the heart of Silicon Valley's Dot.com idea factories.
Designed to capitalize on the spread of Internet-and-tech-based innovations into the broader economy, the new Carnegie Mellon program blends both technical and business skills in a rigorous 12-month, full-time program.
The new program follows Carnegie Mellon's recently announced "Greenlighting Startups" initiative, a portfolio of five incubators designed to help CMU students, faculty and alumni further speed innovations to the marketplace. CMU has helped to create more than 300 companies and 9,000 jobs in the last 15 years.
"Because of our experience, location and long-standing relationships with leading-edge Bay area companies, were are able to create a unique, interdisciplinary program designed to train students in all critical functional business areas to prepare them to become entrepreneurs of tomorrow," said Martin Griss, director of Carnegie Mellon Silicon Valley.
Entrepreneurship classes begin August 29 following a mandatory eight-day innovation "boot camp" designed to challenge students to think outside of the box and to act decisively.
"There is this perception that the greatest innovation in Silicon Valley comes from twenty-something, college drop-outs with cool ideas who are creating the next billion-dollar companies in their garages. But those are the one-in-a-million exceptions to the rule," said Ray Bareiss, director of educational programs at Carnegie Mellon Silicon Valley. "Becoming an entrepreneur not only requires a good idea; it also requires the ability to build a winning team."
And that multidisciplinary, problem-solving working environment is endemic to Carnegie Mellon and its alumni who are engines of economic growth worldwide. More than half a dozen entrepreneurial startups by CMU alumni already punctuate the Silicon Valley skyline from MicroMobs to SecuriMobile.
U.S. job growth depends on entrepreneurs and their startups, which generates about two-thirds of net new jobs, according to the U.S. Small Business Administration.
In addition to tackling their own ideas, students will work on projects with industry partners and have access to guest speakers including top-ranked venture capitalists.
Additional program information may be found at: http://www.cmu.edu/silicon-valley/prospective-students/full-time/app-component.html.
For more information about Carnegie Mellon Silicon Valley, please see http://sv.cmu.edu.