Indiana University

Johnson Center for Entrepreneurship & Innovation (JCEI)
The Johnson Center for Entrepreneurship & Innovation (JCEI) helps establish entrepreneurial experiences for Kelley students through research, teaching, and practice; acts as a hub for cross-campus entrepreneurial initiatives by supporting the development of entrepreneurial research or commercially viable enterprises; and develops and supports knowledge creation and transfer advancing the fundamental understanding of entrepreneurial management.

The Ultimate Entrepreneurship Challenge: The Spine Sweat Experience
For students with the passion to create new entrepreneurial ventures, Indiana’s "spine sweating experience" provides a unique challenge for selected students to prepare and present a business plan to entrepreneurs, angel investors, and venture capitalists with a risk vs. reward aspect. The risk: graduation. The reward: a reverse scholarship from the evaluators. It is the ultimate entrepreneurial experience. Each evaluator will be prepared to offer a major stipend IF the student can garner an "A" from the panel members through the full business plan and presentation.

It mirrors the actual challenge that entrepreneurs face: having the courage to risk something dear to them (graduation) with the opportunity to gain an upside potential (scholarship from the board members). In this case, entrepreneurial students at IU demonstrate their worthiness for the money. The evaluators (donors) see the final product before deciding if their money is well invested!

The IU Hoosier Hatchery
The “Hoosier Hatchery” provides incubator space in the new IU Innovation Center for student entrepreneurs. A new university-wide innovation competition (“Indiana Idea Challenge”) determines which student innovations have the best potential for residence in the Hoosier Hatchery.

IU’s Johnson Center for Entrepreneurship & Innovation has established a partnership with Plug and Play Tech Center, the largest business incubator in the world located in Silicon Valley and housing over 220 technology startup companies.  This formal agreement enabled Indiana University to establish a “pavilion” with cubicles designed for the advanced or “graduate” student-run businesses to locate at the Plug and Play facilities for a three-month stint.  Students are able to benefit from the network of venture capitalists and angel investors throughout Silicon Valley.  

The Hoosier Hatchery provides the basis for a tiered model of student innovation development. Students with innovative ideas will compete in the Indiana Idea Challenge for an opportunity to gain access to the Hoosier Hatchery.  The winners will then be “incubated” for a 6-9 month period at the Hoosier Hatchery in order to better position the innovation for venture development. The student management team will be given the opportunity to present their progress to a panel comprised of Plug and Play executives, Kelley School of Business faculty and staff and experienced venture capitalists in the form of a “pitch” for further funding and their innovation’s graduation to the Plug and Play facilities in Silicon Valley.  If deemed acceptable by the panel, the students will use the “earned capital” to make the move to Silicon Valley, at which point they will have three months to make full use of Plug and Play’s resources.  During this time period, the student team will be in a better position to gain significant capital and major growth assistance.

The IU Innovation Fellows Program
IU has created a specially designed intensive program for the enhancement of entrepreneurial leadership, professional development and idea acceleration with Undergraduate entrepreneurship students at the Kelley School of Business. The Johnson Center for Entrepreneurship & Innovation is offering a unique opportunity to a select few of Kelley School of Business entrepreneurship majors. The IU Innovation Fellows Accelerator offers students an environment in which they can explore their entrepreneurial interests through networking, learning business strategies and gaining exposure to tools beneficial to successful entrepreneurial careers. Individuals meet a number of successful, innovative business professionals over the course of the three-day session. In order to be eligible for the program, students submit and are interviewed.  Students are evaluated based on the following areas: demonstrated entrepreneurial aptitude, participation in IU entrepreneurship programs, entrepreneurial career plans, and outstanding interpersonal skills.

Venture Ideas:
This course is designed to explore opportunity recognition for entrepreneurial idea generation within a wide range of industries and markets.

Venture Models:
This course develops the next stage to venture ideas by translating the entrepreneurial concept into a commercially viable business model.

Corporate Venturing:
This course examines the theories, principles, concepts, and practices of innovation within organizations (corporate entrepreneurship). The focus is on the development and facilitation of an entrepreneurial mindset at all levels of the organization.

Venture Capital:
This course explores the sources of funding available to entrepreneurs in financing their businesses specifically covering the private equity and private debt markets that service emerging entrepreneurial firms.

IU’s Kelley School of Business
The undergraduate program at IU’s Kelley School of Business is recognized as one of the best in the nation. Students learn the fundamentals, get hands-on experience and global leadership skills, develop their innovative capabilities, choose from 15 majors offered by our nationally ranked departments, and get excellent preparation to fulfill career aspirations. The undergraduate program also offers minors and certificates for non–business majors.

Bachelor of Science (BS) in Entrepreneurship & Corporate Innovation
Emanating from the nationally ranked Department of Management & Entrepreneurship at the Kelley School of Business, the entrepreneurship curriculum bridges the classroom theory and the real business world. The Entrepreneurship Program emphasizes the development of an "entrepreneurial perspective" in each and every student by incorporating the fundamentals of business creation and innovation with the importance of interacting and networking with entrepreneurial community. Lessons developed through the entrepreneurship program at the Kelley School of Business can be applied to entrepreneurial startups or corporate entrepreneurship (the innovative divisions of larger organizations).

Minor: Entrepreneurship and Small Business Management
This minor is intended for students (non-business majors) who have aspirations and goals in business that will require entrepreneurial and small business management skills.

A list of courses may be viewed at:
http://www.kelley.iu.edu/Management/Undergraduate/courses/page14582.cfm

Learn more at: http://www.kelley.iu.edu/management/ or http://www.kelley.iu.edu/jcei/

A list of all majors available at IU may be viewed at: http://www.iub.edu/academic/majors/index.shtml

#1 Undergraduate Business Schools for Entrepreneurship (Public Universities)
- U.S. News & World Report. (2007, 2008, 2009, 2010)

#1 University for Entrepreneurship Research
- World Rankings for Entrepreneurship Productivity. (2009).

#1 Entrepreneurship Program Director (Ranked by Peers) - Entrepreneur Magazine

#1 Entrepreneurship Course in America (Spine Sweat Experience) - INC Magazine 2009

One of the Top Entrepreneurship Professors in the USA (Fortune Small Business Magazine, 2007)

U.S. News & World Report ranked IU’s Kelley School of Business #6 among all public universities. (2009, 2010).

For technology infrastructure and support, Indiana’s campus was named “most wired” among public universities by PC Magazine. (2006).

School type: Four Year, Public, Founded: 1820

Affiliation: None

Web site: http://www.iub.edu/

Student Profile:

Percentage of undergraduate, full-time male students, female students:
49.3% male, 50.7% female

Number of states represented by student body:
50

Number of countries represented by student body:
160

Percentage of international students:
29%

Percentage of minority students:
11%

Number of students participating in entrepreneurship:
400 per year (est.)

Faculty Profile:

Number of full-time faculty:
2,007

Student/Faculty Ratio:
18:1

Athletics:

Athletics division, conference, number of varsity sports:
NCAA Division I, Big Ten Conference, 24 varsity sports.

Financial:

Cost of tuition:
$16,259–$18,253 In-state tuition includes room and board and student fees.
$33,806–$35,800 Out-of-state tuition includes room and board and student fees.

Percentage of students who receive some financial aid:
63.5%

Dr. Donald F. Kuratko (Dr. K)
The Jack M. Gill Chair of Entrepreneurship
Professor of Entrepreneurship & Executive Director
Johnson Center for Entrepreneurship & Innovation
The Kelley School of Business
Indiana University - Bloomington
Bloomington, IN 47405

812-855-4248

dkuratko@indiana.edu