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Inventing the Future: Drexel launches groundbreaking school to educate young entrepreneurs

Drexel University has been making headlines as a leading innovator in higher education. In addition to launching the Center for Visual and Decision Informatics, the school spearheaded the ExCITe Center (featured in the December 4 issue of Flying Kite). Now they’re taking it a step further, announcing the foundation of the Charles D. Close School of Entrepreneurship, slated to open in fall 2013. 

The curriculum has not been officially announced, but founding dean Dr. Donna DeCarolis says Close will put less emphasis on traditional business programing. Instead, the new school will stress actionable skills such as teamwork and inter-disciplinary collaboration. Students will develop expertise in a particular discipline -- whether it's engineering, science or the arts -- while building business know-how.

"It’s important in a very broad way that we teach our students how to be entrepreneurial in their personal and professional lives," says DeCarolis.

The Close School was founded with a $12.5 million endowment from the Charles and Barbara Close Foundation. It is one of the first freestanding schools devoted to entrepreneurship in the country. Close will offer incoming freshman a "living and learning community" where students dorm together and engage in venture-related activities. Sophomores and juniors can opt for an "entrepreneurship co-op," and receive funding and mentorship to work exclusively on their new enterprise.

Entrepreneurship, explains DeCarolis, is not just about starting a business. The ability to develop an idea and follow it through is increasingly valuable. Even within the corporate structure, today’s executives look to their employees for new ideas and a demonstrated ability to innovate.

It's also about flexibility. "Students that graduate today, by the time they're in their forties, will have had ten or so jobs," says DeCarolis. "Many of those jobs will be self-employment."

Source: Donna DeCarolis, Drexel's Close School of Entrepreneurship
Writer: Dana Henry
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