Lehigh University

Lehigh produces some of the most innovative and exciting programs found on campuses today. This high-energy learning is based on original inquiry and discovery and prepares students to be pragmatic, hard-working leaders in the rapidly changing work environments of the 21st century.

Dexter F. Baker Institute for Entrepreneurship, Creativity and Innovation
The Baker Institute actively fosters and champions the entrepreneurial culture at Lehigh to advance creativity and innovation for economic, cultural and social development. The Baker Institute is designed to create a culture of entrepreneurship across the university, promote innovative thinking, and foster the realization of entrepreneurial ideas in any field. To that end, the principal goals of the Institute are to:

• Nurture the creative entrepreneurial mindset and skills—in any discipline—among students, faculty, staff and the community to develop a culture committed and able to bring about transformative change.
• Provide opportunities for Lehigh students of all disciplines and levels to graduate with the skills, experience and attitudes necessary to move creative ideas and new solutions for social problems successfully into sustainable practice.
• Provide supporting infrastructure that enables and significantly increases the likelihood of practical scaling up of innovative ideas and technologies to implementation and launch of new organizations.

Based squarely on a cross-university approach, not hosted or owned by any one college, the Baker Institute aims to expand the creative pipeline of innovation-related curricular and extra-curricular opportunities for students, faculty and the broader community. The Baker Institute serves as an umbrella organization to support and help coordinate, deepen and improve synergies among the substantial network of entrepreneurship-related programs on campus.   By expanding resources for that network, and serving as a visible central portal, the Institute champions, highlights, and promotes entrepreneurship opportunities on campus and throughout the community.

Entrepreneurship Minor
The four core entrepreneurship courses are focused on enabling students to identify and recognize entrepreneurial opportunities within their disciplines. Students will develop managerial perspectives, techniques, and the critical tools appropriate to the innovative start-up or the fast changing major enterprise. This ability will add value to the knowledge and skills learned within specific majors as they enter the job market. The concepts of entrepreneurship can be applied to all facets of careers.  Through cross-functional student teams that address unique opportunities, emphasis is placed on innovation and integration of business, technical and creative learning.

Integrated Product Development Program
Integrated Product Development (IPD) is an award winning program that includes a specific set of courses which allow students from any college at Lehigh to work with students from other disciplines on a real-world industry (both well established corporations and entrepreneurial start-ups) sponsored project. Each project team has a faculty adviser and together with an industry or entrepreneurial mentor, the team follows a proven process that identifies a problem, formulates it into a business opportunity, encourages wild ideas to generate innovative solutions, provides the resources to fabricate, build, and test the best solution for technical, social, economic and personal relevance and value.

ENTP 101. Entrepreneurship - Introduction to the nature and process of entrepreneurship. Emphasizes entrepreneurial opportunities, creativity, innovation and vision, and pursuit of opportunities beyond resources. Topics include: concepts of entrepreneurship; attributes of entrepreneurs; new venture creation; introduction to entrepreneurial finance and marketing in resource constrained environments; intellectual property; new venture business planning for both emerging and existing enterprises.

ENTP 201. Entrepreneurship and Enterprise - Investigates skills and steps for entrepreneurial success: mindset; opportunity scanning and screening; informal networking; finding and managing external resources; managing risk; developing marketing plans; sales; investors; debt and venture capital; horizontal management; developing a leadership team and creative culture; technology cycles; structuring; managing change; ethics; exit strategies. Cross-functional team-based experiential practice and discussions with entrepreneurs.

ENTP 311. Entrepreneurship Practicum – Cross disciplinary teams of 46 students with faculty and alumni: marketing and financial planning; business and technical feasibility of products or service. Students may work on projects related to LU intellectual property, or ideas from outside entrepreneurs, or on their own projects. Oral and written presentations and discussions with guest speakers are integral parts of the course.

ENTP 312. Entrepreneurship IV: Launching Entrepreneurial Ventures - Investigates in detail the critical steps and activities necessary when entrepreneurs seriously consider starting their own businesses. Organizational structure, governance and legal forms of business. Advisory boards. Business and product liability. Intellectual property protection. Sources of capital, establishing credit, seeking angel investors and venture capital. Writing and circulating the Venture Profile. Generating and defending financial projections, revenue streams and expense categories, cost and price estimates, proforma financial statements. Negotiating contracts. Licensing. Methods of valuation. Exit strategies. Discussions with successful entrepreneurs are integral to the course.

Entrepreneurship Minor
The four core entrepreneurship courses are focused on enabling students to identify and recognize entrepreneurial opportunities within their disciplines. Students will develop managerial perspectives, techniques, and the critical tools appropriate to the innovative start-up or the fast changing major enterprise. This ability will add value to the knowledge and skills learned within specific majors as they enter the job market. The concepts of entrepreneurship can be applied to all facets of careers.  Through cross-functional student teams that address unique opportunities, emphasis is placed on innovation and integration of business, technical and creative learning.

Lehigh University’s College of Business and Economics has been ranked among the top 30 undergraduate  business programs by Business Week; the part-time MBA program has been recognized as the fifth-strongest program in the Mid-Atlantic region, and the 35th nationally by Business Week Magazine; Lehigh engineers ranked seventh in the country for earning potential by Payscale Magazine; The IPD program upon its founding garnered awards for founding Director John B Ochs PhD - '96 ASME curriculum innovation award and the '97 Newcomen Society's award for the promotion of America's free-enterprise system.  In 2007 Ochs and the IPD program won the Olympus Innovation Award.

Lehigh University a premier residential research university, ranked in the top tier of national research universities each year,  is a coeducational, nondenominational, private university that offers a distinct academic environment of undergraduate and graduate students from across the globe. Lehigh offers more than 90 undergraduate programs and majors featuring more than 2,000 courses, many of which easily transfer among Lehigh's 4 colleges.  The average class size at Lehigh is 25-30 students, and 80% of all of our classes have fewer than 36 students.  Lehigh's student-to-faculty ratio is 9:1.

GRADUATE STUDENTS: 2,118 (53% men; 47% women)

LOCATION:  27 Memorial Dr, Bethlehem, Pennsylvania 18015
Student Profile:

UNDERGRADUATE STUDENTS 4,856 (59% men; 41% women)
Percentage of undergraduate, full-time male students, female students:

Number of states represented by student body:  49

Number of countries represented by student body:  49

Percentage of international students:  3%

Percentage of minority students:  26%

Number of students participating in entrepreneurship:
With more than 25 programs with an entrepreneurial flair and a range of cross-disciplinary courses, entrepreneurship extends to each of our four colleges.

Faculty Profile:
Number of full-time faculty:  443
Student/Faculty ratio:  9:1

Athletics:
Athletic division, conference, number of varsity sports:
Eastern College Athletic Conference, Division 1, Patriot League, 20 varsity sports

Financial:
Cost of tuition: $39,480
Cost of room and board:  $10,520
Percentage of students who receive some financial aid: 50+%

Lehigh University
Dexter F. Baker Institute for Entrepreneurship, Creativity and Innovation 
11 E. Packer Avenue
Bethlehem, PA  18015                                     
Email:  inentin@lehigh.edu
Phone:  610-758-5626
www.lehigh.edu/entrepreneurship
Todd A. Watkins, Ph.D., Executive Director and Arthur F. Searing Professor of Economics
Lisa Getzler-Linn, Administrative Director

Lehigh University
Office of Admissions
27 Memorial Drive West
Bethlehem, PA  18015                                     
Phone:  610-758-3100
www.lehigh.edu/admissions