Entrepreneurship

Thanks to the generous support of the Skandalaris family, the university's Olin School of Business continues to develop one of the outstanding entrepreneurship programs in the country. Drawing upon the successful programs administered through the Center for Experiential Learning, the Skandalaris Center for Entrepreneurial Studies supports student learning and career pursuits while serving the University and community.

The varied programs offer students the opportunity to learn the many facets of entrepreneurship both from academic and experiential perspectives. The curriculum is designed to teach students the fundamentals of starting a new business and provide them with ample opportunity to participate in the process in a real-world setting. Bringing great amounts of business and academic experience from many varied fields of study, the students are invaluable resources for entrepreneurs both from the University's many research programs and from the community.

The Skandalaris Center for Entrepreneurial Studies plays an important role in the local entrepreneurship community. Beyond training students to lead businesses in the future in order to strengthen the labor pool, the SCES fosters networking, supplies resources for ideas to mature, and provides a forum in which these ideas can partner with venture capital. As an early resource along the idea-to-business path, the Program acts as a funnel through which the idea starts on its way to becoming a business. In this role, the SCES serves the needs of both upstream and downstream "customers," with several customers appearing in multiple roles along this journey.

Faculty Experts:

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Clifford Holekamp Senior Lecturer in Entrepreneurship Holekamp Cliff Holekamp grew up in Los Angeles, and worked as an account executive for IBM in Tennessee. Since coming to St. Louis in 1999, he has been a founder or board member of several start-up businesses in the fields of healthcare, retail, real estate, and education. In 2007, Professor Holekamp sold controlling ... Expertise: entrepreneurship Direct contact: (314) 935-6342 / holekampc@wustl.edu

Richard Axelbaum Professor of energy, environmental and chemical engineering Axelbaum Download Axelbaum is the Director of the Consortium for Clean Coal Utilization. He also heads the Laboratory for Advanced Combustion and Energy Research and has directed the Engineering section of the NASA Missouri Space Grant Consortium at Washington University in St. Louis since 1997. He served as the associate ... Expertise: Clean coal, nanoparticles, nanotechnology, materials, synthesis, flames Direct contact: (314) 935-7560 / rla@wustl.edu

Anne Marie Knott Associate Professor of Strategy Professor Knott's research examines the optimal environment and policies (economic, industrial and firm) for innovation. This interest stems from issues arising during an earlier career in defense electronics at Hughes Aircraft Company. Expertise: entrepreneurship, industrial organization, technology management, management strategy Direct contact: (314) 935-4679 / knott@wustl.edu

Daniel Elfenbein Assistant Professor of Organization and Strategy Prior to joining the Olin Business School, Elfenbein taught in the MBA program at the University of California - Berkeley. He has also worked as an economist for the President's Council of Economic Advisers and as a management consultant for the Monitor Group. Elfenbein is a member of the Academy ... Expertise: entrepreneurship, technology transfer, business policy and economics, incentives, ticket scalping, industrial organization, technology management, … Direct contact: (314) 935-8028 / elfenbein@wustl.edu

Kenneth Harrington Managing Director of Skandalaris Center for Entrepreneurial Studies Harrington Mr. Harrington spent over 25 years in the telecommunications and information technology business. He has been a senior executive for five start-up companies and has also been involved with turn-around and roll-up consolidations in the technology industry. He is currently the Senior Lecturer in Entrepreneurship ... Expertise: entrepreneurship, economics, telecommunications industry, life sciences industry, international development Direct contact: (314) 935-9134 / harrington@wustl.edu

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News Stories & Tip Sheets:

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Entrepreneurs changing lives Kiva microfinancer Jessica Jackley to deliver talk on entrepreneurship; kick off competitions Sept. 4, 2009 -- Jessica Jackley, co-founder of Kiva, the Internet-driven microfinance organization that connects lenders with budding entrepreneurs, will deliver the Assembly Series/Skandalaris Lecture at 5 p.m. Thursday, September 17 in Simon Hall's May Auditorium. The event is free and open to the public. This is the kickoff event for the Skandalaris Center's annual business plan competitions: the Olin Cup, and the YouthBridge Social Entrepreneur and Innovation Competition.

Future for aspiring non-profit entrepreneurs is bright in St. Louis Social enterprise competition gets renewed funding; changes name Sept. 2, 2009 -- The Social Entrepreneurship and Innovation Competition (SEIC) enters its fifth year with a new name in recognition of a St. Louis community foundation. The competition offers mentoring, business advice and workshops for social enterprise start-ups. Contestants in the seven month-long competition must pass several hurdles before investment awards, totaling thousands of dollars, are announced next spring for the most promising ventures.

Assembly Series Fall 2009 lecture program begins with a comic touch by alum Ramis Sept. 1, 2009 -- The fall 2009 Assembly Series will start off on a light note with comedic filmmaker and Washington University alumnus Harold Ramis. The series continues through mid-November covering topics on entrepreneurship, equal rights, human rights, government and the environment.

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Related News Clips:

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Show More Entrepreneurship Clips

Keeping a True Identity Becomes a Battle Online The New York Times and 3 others June 18, 2009 -- Since Facebook started giving out customized Web addresses last Friday, some 9.5 million people have rushed to grab their top choice. But for people signing up for these accounts, the battle over domain names is taking place in murky waters. WUSTL student Jeremy Fancer comments.

How to Win a Business Plan Competition The New York Times June 11, 2009 -- Since their advent in 1984, more than 50 American colleges and universities host business plan competitions, yielding prizes worth more than ever. Still, it's really not about the money, says Cliff Holekamp, a senior lecturer in entrepreneurship at WUSTL's Olin business school, which hosts multiple competitions, including the recently introduced Social Entrepreneurship and Innovation Competition, a do-good variation with a $150,000 prize pool.

When Second Really Is the Best U.S. News & World Report online June 10, 2009 -- In industry after industry, entrepreneur after entrepreneur is saying the same thing: Being first can surely be an advantage, but so can being second. Those who follow a market leader can actually be more successful in most cases, says WUSTL business strategy professor Anne Marie Knott, who discusses second-to-market advantages on the first day of her entrepreneurial studies class.

GMAT Cheating Controversy Grows BusinessWeek online June 30, 2008 -- A cheating scandal that has engulfed the B-school world grew vastly larger on June 27, when the Graduate Management Admission Council (GMAC) said the number of prospective MBA students facing questions about their entrance exams now totals more than 6,000 -- six times the original estimate. WUSTL's Joe Fox, head of the MBA programs, comments.

Extracurriculars That Count BusinessWeek.com Feb. 26, 2008 -- Nanette Tarbouni, WUSTL undergraduate admissions director, talks about the importance of extracurriculars in undergraduate applications.

Resources for students looking to start a business Chicago Tribune Aug. 20, 2007 -- There is a growing number of college students interested in starting a business. Experts point to a growing skepticism about job security as one of the motivations. The Internet also has helped, making it possible to set up and run a business from a dorm room at a fraction of the cost of renting office space. Article offers some pointers, such as using college resources. For example, WUSTL runs an entrepreneurial program that gives students access to advisers, storefront space and other useful tools, including information on raising money and paying taxes.

Ways to teach your children to find the work they love The Wall Street Journal and 1 others Aug. 2, 2007 -- Article offers advice on how to find your life's work. Blame it on career anxiety, college counselors say. For a variety of reasons, many young adults are more anxious about career preparation than previous generations. The apprehension often begins with the college-admissions race. After striving to win acceptance to competitive colleges, many think they should have "an equally strategic approach to their post-graduate plans," says WUSTL's assistant vice chancellor Karen Levin Coburn.

No Ideas? You're Not Alone U.S. News & World Report June 11, 2007 -- Conventional wisdom has it that breakthrough ideas come only from the minds of geniuses. Edison, Tolkien, Darwin -- history's biggest brains are responsible for its biggest innovations. Many companies are organized with this idea in mind. But creativity isn't a solitary affair -- and it's not the exclusive domain of the brilliant and gifted. In fact, research shows that people working in groups are far more innovative than previously thought. WUSTL education and psychology professor Keith Sawyer offers advice on what businesses can do to take advantage of their employees' creativity.

Entrepreneurship 101 The Wall Street Journal March 19, 2007 -- Hundreds of U.S. colleges and universities have awakened to the fact that many of their graduates are likely to work for themselves someday. Many are bolstering their courses and extracurricular activities for aspiring entrepreneurs and helping students create businesses before graduation. And many campuses are teaching entrepreneurship beyond the business school, to get students in other disciplines interested in business development. Ken Harrington, managing director of WUSTL businss school's Skandalaris Center for Entrepreneurial Studies, talks about our program.

Keeping the Fruits of Research Close to Home in St. Louis The New York Times Feb. 7, 2007 -- Article on the efforts of WUSTL chancellor emeritus William Danforth and civic leader John Dubinsky to reorient the business climate in St. Louis. St. Louis has great research institutiions like WUSTL, but "we have not done so well with the commercialization of that science." In 2001, Danforth -- along with a number of other business and civic leaders -- founded the Coalition for Plant and Life Sciences, a nonprofit group. The goal was to jump-start St. Louis' nascent biotechnology industry by providing both new and mature companies with increased access to financing and up-to-date facilities.

YouTube community fears they'll be pushed out after Google acquisition of the video Web site Associated Press and 85 others Oct. 12, 2006 -- After landing a $1.65 billion deal to sell their video sharing Web site to Google, the co-founders of YouTube did the obvious: They posted a goofy, unrehearsed video, thanking the YouTube community for its support. But what does the deal mean for the user community? YouTube has consistently relied on the safe harbor provision of the Digital Millenium Copyright Act of 1998 as a shield against lawsuits. However, that doesn't mean individual users who post copyrighted material won't be sued. YouTube explicitly states that such users are liable. WUSTL law professor Jennifer Rothman comments.

Universities selected for nanotech research San Francisco Chronicle, St. Louis Post-Dispatch and 10 others Oct. 4, 2005 -- WUSTL is one of seven university consortia selected by the National Cancer Institute to spearhead research hubs called Centers of Cancer Nanotechnology Excellence, which will bring together academic laboratories and private firms to develop anti-cancer products. The research involves the use of molecular-scale nanotechnology devices to detect and destroy tumor cells. From the Post-Dispatch article -- the WUSTL center will be headed by Samuel Wickline. In April, WUSTL got another grant, worth $12.5 million, for a separate nanotechnology center headed by chemist Karen Wooley.

The Right's New Deal for the Gulf Coast BusinessWeek.com Sept. 22, 2005 -- Article looks at the Gulf reconstruction plan announced by President Bush. Bush's vision of stimulating business investment to lift thousands out of poverty is a far cry from classic Washington-directed pump-priming. Instead, it is something of a conservative New Deal, a radically rethought version of Big Government that bends its spending to conservative goals: lower taxes, less regulation, more local control, and bootstrap capitalism. WUSTL social work professor Michael Sherraden comments.

Blunt counters Blagojevich's courting of stem cell researchers Associated Press and 4 others Sept. 15, 2005 -- Missouri Gov. Blunt has shot back at his Illinois counterpart's effort to attract scientists and institutions involved in embryonic stem cell research to Illinois. Blunt said in a letter to life sciences companies that he opposes the "prohibition and criminalization" of stem cell research. The letters were sent to U. Missouri, WUSTL and the KC Stowers Institute for Medical Research, among others.

Your PC is also playing FBI role! India Times, Portsmouth Herald News (NH) and 18 others Aug. 19, 2005 -- With uncanny accuracy, computers predict behavior by sifting through mountains of data about customers collected by businesses. Called predictive analytics, this automated crystal-ball gazing has become a $2.3 billion industry in the United States. WUSTL marketing professor Amar Cheema comments.

China's lust for business learning The Financial Express (Bangladesh) Aug. 5, 2005 -- It was almost unimaginable 25 years ago that China, the nemesis of the capitalist world, would embrace American-style management education. But today it is doing so with a gusto that puts the western world to shame. While US business schools are reporting falling applications for their MBA programs, partly as a result of competition from overseas and a tight labor market, students in China are beating at the doors of the top courses. Fudan runs programs with the WUSTL Olin School, the Norwegian School of Management and Hong Kong University.

Living the Dream Entrepreneur Magazine May 9, 2005 -- Small and midsize businesses have a long and rich history of building up America, and entrepreneurs have done so largely by being innovative. WUSTL business professor Glenn MacDonald comments on the importance of innovation when small businesses try to outdo their competition.

St. Louis waits for Bio-Belt to bloom Chicago Tribune and 12 others May 2, 2005 -- Article on the outlook for bioscience hotspots focuses on St. Louis. For years this fading industrial center has poured a fortune into the genetic engineering of plants, ignoring critics of the controversial technology and enduring a long stretch with little to show for its investment. Now, finally, St. Louis is starting to see a payoff, putting some welcome distance between itself and the many other cities trying to hit it big in biotech. Comments from John Biggs, Roger Beachy, Peter Raven, and WUSTL chancellor Mark Wrighton.

Super Bowl ads don't score Newsday and 28 others March 12, 2004 -- To some people, the Super Bowl is a football game. To others, it's a marketing derby. "Careers are made, and careers are ended, on these commercials we're about to see," said Lewis Williams, a senior vice president, creative director, at Leo Burnett Worldwide Inc., a Chicago-based advertising agency. Williams was addressing more than 100 attendees of the fourth annual "Super Advertising Bowl" at Washington University's Olin School of Business while Sunday's game was starting on a giant-screen above him. Every year, MBA students, their friends, WUSTL faculty and ad execs like Williams gather to rank the Super Bowl ads.

Kenneth Harrington

Managing Director of Skandalaris Center for Entrepreneurial Studies (http:pa-dev.wustl.edu/news-info/sb/page/normal/431.html)

Mr. Harrington spent more than 25 years in the telecommunications and information technology business. He has been a senior executive for five start-up companies and has also been involved with turn-around and roll-up consolidations in the technology industry. He is currently the Senior Lecturer in Entrepreneurship ...

Interests: entrepreneurship, economics, telecommunications industry, life sciences industry

Direct contact: (314) 935-9134 / harrington@olin.wustl.edu

Barton Hamilton

Robert Brookings Smith Distinguished Professor of Entrepreneurship (http://news-info.wustl.edu/sb/page/normal/29.html)

Hamilton has directed the Hatchery™ Entrepreneurship Program at the Olin School of Business. Before joining Olin, he was an assistant professor of economics at McGill University for five years. In addition to being an expert on entrepreneurship, he also expertise in the economics of health and aging, ...

Interests: applied microeconomics, econometrics, entrepreneurship, health economics, labor economics, efficacy of HIV treatment, advanced infertility treatment,…

Direct contact: (314) 935-8057 / hamiltonb@olin.wustl.edu