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UMD Entrepreneurship Program Honored for Excellence

January 23, 2014
Contacts: 

Eric Schurr 301-405-3889

Pictured: USASBE President Pat Dickson, left, and EIP Director Jay Smith.COLLEGE PARK, Md. — The United States Association for Small Business and Entrepreneurship (USASBE) has selected the University of Maryland Entrepreneurship and Innovation Program (EIP) as the first-place winner for an Excellence in Entrepreneurship Education award in the Outstanding Specialty Entrepreneurship Program category.

A joint initiative of the The Honors College and A. James Clark School of Engineering's Maryland Technology Enterprise Institute (Mtech), EIP is a two-year, living-learning program for freshman and sophomore honors students that fosters an entrepreneurial spirit, creates a sense of community and cooperation, and develops ethical and innovative leaders.

A leading voice in entrepreneurship research, teaching, and application, with over 1,000 members across the world, USASBE established the Excellence in Entrepreneurship Education Awards to recognize excellence in entrepreneurship education at the programmatic level. Each is awarded on a competitive basis, with only one institution winning in each category during a given year.

"EIP is a growing and dynamic program," said Clark School Dean and Farvardin Professor Darryll Pines. "Few initiatives have made it to this national scale in less than four years. It is a testament to the passion and dedication of EIP Director Jay Smith, who not only lives and breathes the concept of innovative thinking, but also genuinely cares for each and every one of his students."

 

"I never would have dreamed a two-year program would impact me this much but it has."

--EIP alumna Ashmi Sheth

 

The premise of the Entrepreneurship and Innovation Program (EIP) is simple: take some of the most talented students entering the University of Maryland and teach them how to apply entrepreneurial and innovative thinking to everything they do. Less than four years after the program's launch, its students are leaders across the university, winning competitions, starting new ventures, bolstering companies, non-profits and government initiatives, and spreading the mindset that an individual really can change the world. 

The comprehensive yet dynamic structure of EIP includes a residential community, incubator facilities, experiential learning, coaching and mentoring, challenging academics, impact seed fund and start-up discussion and peer feedback meetings.

Since 2010, EIP has grown to serve 170 freshmen and sophomores in the 2013-2014 academic year and supports 120 additional upper-level students who have completed the program's course sequence.

"Jay Smith and the EIP students are changing the university every day, for the better," said Honors College Director William Dorland. "It is wonderful to see their efforts recognized at the national level. There will be more recognition to come, I am certain."

"We are honored to be recognized for excellence in entrepreneurship education by USASBE, one of the most influential organizations in the nation for supporting entrepreneurship and small businesses," says EIP Director Jay Smith. "We are committed to continually improving a model program to spur entrepreneurship and innovation, two of the key economic development drivers for creating jobs and bringing new products to market. For students, entrepreneurship is a fantastic vehicle for self-expression and self-actualization, giving them a chance them to pursue their dreams while creating value for society."

Click here to learn more about EIP and to see what students have to say about the program.

View a video about EIP made by students in the program:

 

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