Newark, NJ, Nov. 16, 2021 (GLOBE NEWSWIRE) – The Martin Tuchman School of Management at the New Jersey Institute of Technology is New Jersey’s best school for undergraduate entrepreneurship and the 34th in the country, according to a new ranking from The Princeton Review, following a flood of good news for the business school and university and with the promise of new developments to come.
The school, founded in 1988, also ranked seventh in the Northeast region. Princeton Review said the rankings are based on academic offerings, career outcomes, and experiential learning opportunities.
“We wholeheartedly recommend the good schools that have done our entrepreneurship studies ranking this year,” said Rob Franek, editor of The Princeton Review. “Their faculties are exceptional. Their programs have strong experiential components, and their students benefit from tremendous mentoring and networking support that will serve them for years to come.
“I am really happy to see this news as it is a look back at the improvements we have made to MTSM’s entrepreneurship program, and for which it takes years to see the full effect,” said said Cesar Bandera, associate professor of entrepreneurship. The school was ranked # 41 two years ago.
Through efforts that included major and minor degrees, specialized courses in technology commercialization and competitions and funding for student and alumni startups, “the school of management has worked hard to make the program d entrepreneurship accessible and relevant to students at all levels. [NJIT] colleges, ”Bandera explained.
Another recent development is that the school’s ENTR-210, Introduction to Entrepreneurship course, which was once a senior synthesis course, is now a 200-level general elective course. The change has been such a success that the school had to add other sections last year to meet student demand. Bandera highlighted his own professional training in electrical and computer engineering, with a specialty in computer vision, as proof that business leaders can come from anywhere. Its latest startup, Cell Podium, recently raised $ 750,000.
The Princeton Review focuses on curriculum metrics, which at NJIT also include compelling courses that teach students how to raise capital and solve problems for existing startups. MTSM is rolling out new courses in fundraising and entrepreneurship for specific industries such as the biomedical field.
But students here also have unique practical opportunities. These include the Innovations Corps whereby NJIT students validate business models, the Tech Venture Support Program whereby students help local startups, and programs with the VentureLink branch of NJIT’s New Jersey Innovation Institute, which may not. be reflected in rankings. Other extracurricular opportunities such as the school’s student-led investment fund and the university-wide Makerspace can attract those who want to build tech-focused start-ups.
Successful startups at the university include OculoMotor Technologies, which has raised more than $ 1 million in grants from the National Science Foundation, and Wickr, a computer science faculty member who recently sold his business to Amazon. .
Looking ahead, “we can now focus on the outgoing side, the graduate side of this program, and this is where we need to make sure the students’ ideas live on after graduation.” A common problem among entrepreneurship programs across the country is that graduation is a bit of a cliff, ”when students get full-time jobs and leave their entrepreneurial aspirations behind, Bandera observed. Conversely, it is important to teach students the risks of starting a business and the value of experience in the industry and completing their degrees – very few companies are the next Apple or Facebook.
“Students are well aware of the issues facing society,” Bandera said. “We encourage our students to make a significant positive impact on society through sustainable technological innovation, and teach them the tools by which they can achieve this as entrepreneurs with their own businesses, or as intrapreneurs in established companies.
About the New Jersey Institute of Technology
One of only 35 polytechnics in the United States, the New Jersey Institute of Technology (NJIT) is a leading research university that drives economic growth and prepares students to become leaders in the dependent economy of the 21st century technology. NJIT is one of 131 universities ranked as an “R1” research university by the Carnegie Classification®, indicating the highest level of research activity. NJIT conducts more than $ 155 million in research activity each year and has an annual economic impact of $ 2.8 billion in the state of New Jersey. Ranked # 1 nationally by Forbes for the upward economic mobility of its lowest-income students, NJIT is also ranked in the top 2% of colleges and universities nationwide for mid-career graduate earnings, according to PayScale.com. NJIT is ranked # 39 nationally by The Princeton Review as the Best Value College and is ranked among the nation’s Top 50 Public Colleges & Universities by US News & World Report.
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