UMU Entrepreneurship Program Receives $60,000 Grant from Burton D. Morgan Foundation
March 04, 2016
ALLIANCE, Ohio – The University of Mount Union’s entrepreneurship program recently received a two-year, $60,000 grant from Burton D. Morgan Foundation to support faculty development and student engagement among the entrepreneurial culture at Mount Union.
The mission of the Burton D. Morgan Foundation is to, “champion the entrepreneurial spirit” according to the foundation webpage. Mount Union was one of a number of organizations across Northeast Ohio to receive a portion of the $3.2 million the foundation awarded to help grow such spirit.
With this award, the entrepreneurship program at Mount Union will send five faculty members from different disciplines to Babson College in Massachusetts in May.
At Babson, the faculty members will receive training to help teach aspects of entrepreneurship in their respective departments. The plan moving forward is that the content will help students gain knowledge about ways to harness their business ideas after graduation, while staying devoted to their respective fields.
“Training the faculty from any discipline to infuse their curriculum with entrepreneurial principles was different than many other ideas Burton D. Morgan Foundation has seen,” said John Myers, Entrepreneur in Residence at Mount Union.
The departments represented by the faculty members attending the Babson Symposium are: Sport Business, Exercise Science, Theatre, Education and Engineering.
“I happen to believe that many of the career paths that students enjoy from an Exercise Science degree are very entrepreneurial in spirit,” said Ron Mendel, PhD, CISSN, FISSN, Chair of the Department of Exercise Science at Mount Union. “Many want to start their own businesses, develop some type of product or service to help people live healthier lives.”
“Having these different disciplines represented is huge for the students,” said Myers. “When you think about it, many of the students in these areas have to essentially promote themselves in order to get ahead; even if they are not necessarily starting their own business.”
Myers also equated professional areas such as acting, entry-level jobs in sports management and personal trainers as some examples of those who would benefit from exposure to entrepreneurial principles. Principles such as problem solving, research and market analysis can help students grow in their respective fields.
“I’m very excited for the university and more excited where faculty can take entrepreneurship concepts into the classroom,” said Mike Kachilla, assistant professor and internship coordinator for the Department of Economics, Accounting and Business Administration and the director of the entrepreneurial studies program. “It is ultimately a win for the students and their future education.”
About Burton D. Morgan Foundation
Founded in 1967 by a true visionary we honor daily, the mission of Burton D. Morgan Foundation is to champion the entrepreneurial spirit. Morgan Foundation serves youth, collegiate and adult entrepreneurs by cultivating transformative opportunities and interlocking networks that bring together the best minds and most creative thinkers. Leveraging its extensive experience in venture philanthropy and ecosystem expansion, Morgan Foundation today is pursuing a strategic blueprint that will drive entrepreneurial growth and education regionally and nationally by supporting those with the courage to power our economy. To find out more, visit us at www.bdmorganfdn.org.