Tuesday, April 17, 2012
The
Conrad
Business,
Entrepreneurship
and
Technology
Centre
has
received
a
US
$1.6
million
grant
that
will
help
students
turn
entrepreneurial
ideas
into
business
ventures.
The
Graduate
Management
Admission
Council®
(GMAC®),
owner
of
the
GMAT®
exam
and
the
leading
membership
organization
of
graduate
business
and
management
schools
worldwide,
announced
the
award
April
17.
Waterloo
was
the
only
Canadian
university
to
receive
funding
this
round.
The funding will support the implementation of a Virtual Incubation Program, at Waterloo Engineering's Conrad Centre. It will establish a global, online network of students, community groups, local entrepreneurs and international university partners, and is designed to support the development and launch of new businesses.
“Success, for most entrepreneurial students, hinges on having easy access to essential resources, learning opportunities and networks for collaboration and funding, to build their business,” says Rod McNaughton, director of the Conrad Business, Entrepreneurship and Technology Centre at Waterloo. “With this funding, the GMAC MET Fund has given us the ability to further support and produce successful new ventures on campus, in the community, and eventually take it global through academic partnerships.” [news release]
The funding will support the implementation of a Virtual Incubation Program, at Waterloo Engineering's Conrad Centre. It will establish a global, online network of students, community groups, local entrepreneurs and international university partners, and is designed to support the development and launch of new businesses.
“Success, for most entrepreneurial students, hinges on having easy access to essential resources, learning opportunities and networks for collaboration and funding, to build their business,” says Rod McNaughton, director of the Conrad Business, Entrepreneurship and Technology Centre at Waterloo. “With this funding, the GMAC MET Fund has given us the ability to further support and produce successful new ventures on campus, in the community, and eventually take it global through academic partnerships.” [news release]