April 27, 2017

Burton D. Morgan Center recognized for excellence in entrepreneurial education

WEST LAFAYETTE, Ind. — The Burton D. Morgan Center for Entrepreneurship in Purdue’s Discovery Park has been recognized for its innovations in student experiential education.

The Association to Advance Collegiate Schools of Business, also known as AACSB International, is the international accreditation body for business schools. It selected the Burton D. Morgan Center as one of 35 centers to be featured in its inaugural Entrepreneurship Spotlight Challenge. The challenge highlights centers that create cutting-edge business innovations through student learning.

Purdue received the recognition during the AACSB International Conference and Annual Meeting in Houston earlier this week.  

 “We’re thrilled that Purdue has been recognized for its creativity and innovation in entrepreneurship,” said David Hummels, dean of the Krannert School.  “Our university has a vibrant ecosystem for technology commercialization. Big ideas don’t change the world until they go to market, and the programs and initiatives we have allow Krannert (School of Management) and other Purdue faculty, students and alumni to develop and commercialize transformative products that have a great global impact.”

The Burton D. Morgan Center offers students both coursework and experiential learning in all roles of entrepreneurship. One such example is the Burton D. Morgan Business Plan Competition, now in its 30th year, which gives undergraduates and graduate students the opportunity to develop ideas for new products or services into a profitable business, with $100,000 in annual prize money.

The Burton D. Morgan Center, located in Purdue’s Discovery Park, has strong ties to the Krannert School. It serves as a state, regional and national resource that partners with a myriad of centers to get innovations developed at the university into the marketplace.

“We are thrilled to see the Burton D. Morgan Center honored,” said Tomás Díaz de la Rubia, chief scientist and executive director of Discovery Park. “This award recognizes our robust approach and outstanding resources, which help our faculty and students increase their impact on society by taking their discoveries and translating them into real innovations in the marketplace. The partnerships we have forged with Krannert and the Purdue Research Foundation are taking Purdue's innovation and entrepreneurial ecosystem to new levels of excellence.”

AACSB provides quality assurance, business education intelligence, and professional development services to over 1,500 member organizations and more than 785 accredited business schools worldwide.

About Discovery Park

Discovery Park is an open laboratory for interdisciplinary collaboration at Purdue focused on the grand challenges of global health, global security and those that lie at the nexus of sustainable energy, world food supply and the environment. Large-scale interdisciplinary research is carried out in Discovery Park with an emphasis to drive innovations to the marketplace. Faculty, students and staff gain experience and access to the university’s entrepreneurial programs. 

Media contact: Brian Peloza, 765-496-9711, bpeloza@purdue.edu 

Sources: David Hummels, dean of the Krannert School

Tomás Dîaz de la Rubia, chief scientist and executive director of Discovery Park

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