Carnegie Mellon University is an excellent place for student entrepreneurs to learn and grow.
Undergraduate and graduate students have the opportunity to pursue a degree in entrepreneurial studies and participate in clubs that foster innovation. With many valuable resources for student entrepreneurs, it’s no surprise that several successful Pittsburgh startups originated at Carnegie Mellon. Below are a few ways CMU prepares student entrepreneurs to succeed in launching their own business.
Student Learning and Organizations
Undergraduate students are offered a business degree with an entrepreneurship track through the Tepper School of Business. They may engage in the following clubs to promote entrepreneurial development:
- The Undergraduate Entrepreneurship Association provides workshops, networking opportunities and competitions for student entrepreneurs. The Tepper Venture Challenge, which showcases the entrepreneurial work of CMU students, is run by the Undergraduate Entrepreneurship Association. Students who participate in the Venture Challenge receive a small amount of funding for the initial development of their projects.
- ScottyLabs is a student-run group that fosters the use of technical skills to promote practical innovation. ScottyLabs helps student entrepreneurs break through the barrier between ideas and implementation by connecting them with necessary skills and tools.
Graduate students may pursue an Entrepreneurship MBA, where they collaborate with faculty members and students from other CMU schools to learn how to market ideas, build successful organizations, and raise money for business ventures. Non-MBA graduate students are welcome to enroll in both graduate and undergraduate entrepreneurship courses.
Graduate students have to opportunity to participate in several technology and business clubs. One graduate organization focuses specifically on entrepreneurship:
- The Graduate Entrepreneurship Club (GEC) provides a community for students in all of CMU’s colleges to share ideas in a collaborative environment. GEC educates students about the entrepreneurship process by exposing them to local business owners and helping them build lasting relationships.
Project Olympus was created to help students and faculty learn about business creation and growth, and how to protect their assets. Entrepreneurs participate in Project Olympus by creating PROBE projects (PRoblem-Oriented Business Explorations).
Most PROBE projects are web-based or involve software, and they are often developed in one of Carnegie Mellon University’s labs. Ideas developed by students in university labs remain the student’s intellectual property.
Carnegie Mellon has three labs for student innovation:
- The Field Robotics Center seeks to change the way the world is built, sustained, secured and powered through robotic technology development.
- The CREATE Lab (Community Robotics, Education and Technology Empowerment) aims to leave a meaningful, lasting impression on communities.
- The NavLab develops robot cars, trucks and buses that are capable of autonomous driving or driving assistance.
Project Olympus accelerates the process of developing research and ideas into innovation by providing mentorship, advice, micro-grants, workspace and valuable connections to the business community. Project Olympus has become an incubator for talent and ideas by helping entrepreneurs get licensing, create startups, and participate in strategic partnerships and collaboration.
Donald H. Jones Center for Entrepreneurship
The Donald H. Jones Center for Entrepreneurship is run by the Tepper School of Business. The Center allows CMU students, faculty and other professionals to showcase technological innovations at the global marketplace. Experiential learning is a large part of the Center’s success in encouraging students to become leaders in entrepreneurship and inspire growth in startups and established businesses.
Center for Innovation and Entrepreneurship
The CMU Center for Innovation and Entrepreneurship (CIE) was developed in 2012 by combining the already-successful entrepreneurial innovation of Project Olympus and the Donald H. Jones Center for Entrepreneurship. CMU students, faculty, staff and alumni may share resources and engage in educational and experiential activities to promote their entrepreneurial initiatives.
Carnegie Mellon University hopes to benefit the City of Pittsburgh by providing opportunities for student entrepreneurs to successfully launch into the community.