Carnegie Mellon University Launches Entrepreneurship Program In The Heart Of Silicon Valley -Silicon Valley Campus - Carnegie Mellon University

Carnegie Mellon University Launches Entrepreneurship Program In The Heart Of Silicon Valley -Silicon Valley Campus - Carnegie Mellon University

Carnegie Mellon University Launches Entrepreneurship Program In The Heart Of Silicon Valley

First Class of Students from Around the World Attracted to Full-Time Masters Degree Program with Ambitions Ranging from Start-up Founders to Enterprise Innovators

MOUNTAIN VIEW, Calif. — August 15, 2011 — Speaking to the growing controversy about the best path – university, incubator, or garage – to become a successful entrepreneur, Carnegie Mellon University today announced the launch of an Entrepreneurship Program at its Silicon Valley campus. Nestled in the global hub of technology discovery and innovation, Carnegie Mellon will launch its 12-month, intensive, full-time program on August 15th offering students a chance to learn entrepreneurship practices from one of the world’s most reputable educational institutions while simultaneously germinating their own projects from idea to fruition.

The Entrepreneurship Program is an accelerated one-year program that offers students a Masters of Science in Software Management degree and teaches key skills in management, metrics, product definition and strategy. By blending both technical and business skills, Carnegie Mellon is taking a cutting edge approach to higher education. In addition to traditional academic instruction, students will be encouraged and required to work in functional teams where they will collaboratively develop their own ideas for new products and services – all working toward the goal of becoming part of a global innovation ecosystem.

“In Silicon Valley we know that innovation is what drives job growth. Our Entrepreneurship Program was inspired by both students and the local technology community who were looking for a program that would really challenge students to understand how innovation and entrepreneurship work together,” said Martin Griss, director, Carnegie Mellon Silicon Valley. “Because of our experience, location and long-standing relationships with leading-edge Bay Area companies, we were able to create a unique, interdisciplinary program designed to train students in all the critical functional business areas that will prepare them to be the entrepreneurs of tomorrow.”

Classes for the Entrepreneurship Program officially begin August 29th following a mandatory eight-day Idea Workshop, an innovation “boot-camp” that challenges students to dive into an intensive series of faculty-led exercises designed to inspire, inform and jump-start their studies. With dynamic new skill-sets necessary to carve out a competitive edge, the Idea Workshop will encourage students to immediately think out of the box, test assumptions and act decisively on results at a pace that mimics today’s faster-paced, software marketplace.

“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, however, those are the one in a million exceptions to the rule,” said Ray Bareiss, director of Educational Programs at the Silicon Valley campus. “Becoming an entrepreneur not only requires a great idea; it also requires the ability to build a winning team and take your idea to market. You want to succeed or fail based on the merit of your idea, not because you can’t manage a software business effectively. Our Entrepreneurship Program teaches students to work collaboratively and educates students across all the crucial areas necessary to launch a successful venture.”

Inaugural Class: A Diverse Group of Future Entrepreneurs

The inaugural incoming class of nine come from near and far to pursue their entrepreneurial dreams in Silicon Valley, bringing diverse backgrounds and experience to the program – from nearby Austin to the continent of Africa, from 21 year-old college graduates to 42 year-old professionals with decades of expertise in their fields. Candidates were selected based on admission criteria that weighed academic achievement with previous work experience and their passion for embracing innovation in a productive, meaningful way.

While some students aspire to a career as founders of first-stage start-ups, others hope to bring innovative practices to Fortune 500 companies or to become key early employees in start-up environments. Many come to Carnegie Mellon with visions for how to revolutionize some of today’s hot-button industries, including healthcare, social media and mobile application development.

The Entrepreneurship Program is tailored in its approach to teach students core practices that can translate into roles in both emerging and established organizations in a variety of market segments. All students will leave the program with an entrepreneurial perspective of the rapidly changing software industry and the training needed to enter the workforce ready to develop their ideas. As part of Carnegie Mellon’s commitment to its students, the University will pay incorporation costs for any company developed during the program.

If you are interested in applying for the Entrepreneurship Program please visit http://sv.cmu.edu/apply. Limited scholarships and graduate assistantships are available to offset tuition costs. Admissions will begin accepting applications for the Fall 2012 term Dec. 1, 2011 through May 15, 2012.

Carnegie Mellon’s Legacy of Silicon Valley Entrepreneurship

With nearly 6,000 alumni working in the Bay Area, many companies have a cadre of Carnegie Mellon alumni in leadership positions or have been founded by graduates, including Adobe Systems, Juniper Networks and Sun Microsystems. Previous graduates from the Silicon Valley campus have gone on to found numerous local start-ups including SecuriMobile, Yunteq and MicroMobs.

In addition to their own ideas, students have the chance to work on existing real-world projects from some of Silicon Valley’s most influential technology leaders. Seizing the opportunity to work with the class of budding entrepreneurs, industry partners have already reached out to offer fellowships, project ideas and other resources to the program.

Throughout the yearlong program, faculty will be joined by guest speakers including VCs, C-level executives and other entrepreneurs who will offer students crucial lessons needed to better understand how and why projects have failed or succeeded historically, to develop a healthy Silicon Valley state-of-mind and learn to stand out from the Valley’s fierce corporate competition.

If you are a local organization who would like more information on how you can partner with Carnegie Mellon’s Entrepreneurship Program, please visit http://ow.ly/5ZN1r.