Supplemental Studies: Entrepreneurship

Effective Fall 2012:

The Center for Entrepreneurship (CFE) is Impact Driven — we shape entrepreneurs who want to have a positive impact on society — with disruptive ideas that are scalable and meet a societal need. CFE supports these entrepreneurs and connects them with the Michigan entrepreneurial network.

The Program in Entrepreneurship (PIE) is a nine-credit academic program sponsored by the Center for Entrepreneurship and designed to expose University of Michigan students to the entrepreneurial process and mindset. Although the CFE is part of the College of Engineering (COE), the PIE and related entrepreneurship courses are open to all University of Michigan students, regardless of school or major.

The primary purpose of the PIE is to give students a formal structure through which they can acquire fundamental entrepreneurial skills and safely undertake their own entrepreneurial endeavors. The program is designed for students who want to start a company, join a small company upon graduation, innovate within a large organization, or simply learn about entrepreneurship because of its increasing importance in the economy.

Prerequisites to declaration

To declare the Program in Entrepreneurship (PIE), LSA students must be at the sophomore level or higher and in good academic standing (G.P.A of 2.0 or higher). They must declare their major prior to declaring PIE.

Certificate Program

To complete the Program in Entrepreneurship (PIE) students must take at least one class from each of four categories — required, core, elective, and practicum — for a minimum total of nine credits, chosen in consultation with and approved by the certificate program advisor.

All courses must be taken for a grade, with the exception of the required course ENTR 407 Entrepreneurship Hour, which is only offered credit/no credit.

The four requirements for completion of the PIE are:

  1.  Entrepreneurship Hour — ENTR 407 (1 credit) 
  2. A Core Course in Entrepreneurship (min 3 credits)
    Core courses in entrepreneurship offer a broad introduction to entrepreneurship, and show students how innovative ideas are turned into viable businesses. Core classes are often project-based, and designed to guide students through the entrepreneurial process. At least 80% of the curriculum needs to focus on entrepreneurship for it to be considered a core course in the framework of this program. A list of core courses approved for the PIE can be found on the Center for Entrepreneurship's website.
  3. An Elective Course in Entrepreneurship (min 1 credit)
    Elective courses focus on entrepreneurship, or relevant auxiliary topics, such as entrepreneurial ownership, intellectual property, business skills, marketing, and general industry trends. Although the central theme of these courses is entrepreneurship, broader latitude is given to subject matter. A list of elective courses approved for the PIE can be found on the Center for Entrepreneurship's website.
  4. The Entrepreneurship Practicum — ENTR 411 (3 credits)
    The Practicum immerses students in the entrepreneurial process, and exposes them to the methodologies and skill sets necessary for assessing the viability of a startup idea and launching a new venture. In this course, students critically evaluate and then pursue the development of their own ideas for new ventures. Students entering the practicum without their own idea for an entrepreneurial project may join another student’s project team.

  5. Throughout the course, students work closely with entrepreneurship faculty and successful entrepreneurs. The expected work volume of the practicum is estimated to be equivalent to 9-12 hours per week for a 14-week time-period. Enrollment in the practicum is by application only.

 

Certificate Program in Entrepreneurship (Fall 2010-Summer 2012) +

Effective Fall 2010-Summer 2012

The Center for Entrepreneurship (CFE) exists to empower University of Michigan students, faculty, and staff to pursue entrepreneurial achievements that will have a positive impact on the world - economically, socially, or environmentally. 

The Program in Entrepreneurship (PIE) is a nine-credit academic program sponsored by the Center for Entrepreneurship and designed to expose University of Michigan students to the entrepreneurial process and mindset. Although the CFE is part of the College of Engineering (COE), the PIE and related entrepreneurship courses are open to all University of Michigan students, regardless of school or concentration.

The primary purpose of the PIE is to give students a formal structure through which they can acquire fundamental entrepreneurial skills and safely undertake their own entrepreneurial endeavors. The program is designed for students who want to start a company, join a small company upon graduation, innovate within a large organization, or simply learn about entrepreneurship because of its increasing importance in the economy.

Prerequisites to declaration

To declare the Program in Entrepreneurship (PIE), students must be at the sophomore level or higher, and in good academic standing (G.P.A of 2.0 or higher). 

Certificate Program

To complete the Program in Entrepreneurship (PIE) students must take at least one class from each of four categories - required, core, elective, and practicum - for a minimum total of nine credits, chosen in consultation with and approved by the certificate program advisor.

All courses must be taken for a grade, with the exception of the Entrepreneurship Seminar ENGR 407, which is only offered credit/no credit.

The four requirements for completion of the PIE are:

  1.  The Entrepreneurship Seminar - ENGR 407 (1 credit)
  2.  A Core Course in Entrepreneurship (min 3 credits)

    Core courses in entrepreneurship offer a broad introduction to entrepreneurship, and show students how innovative ideas are turned into viable businesses. Core classes are often project-based, and designed to guide students through the entrepreneurial process. At least 80% of the curriculum needs to focus on entrepreneurship for it to be considered a core course in the framework of this program.
  3. An Elective Course in Entrepreneurship (min 1 credit)

    Elective courses focus on entrepreneurship, or relevant auxiliary topics, such as entrepreneurial ownership, intellectual property, business skills, marketing, and general industry trends. Although the central theme of these courses is entrepreneurship, broader latitude is given to subject matter.
  4. The Entrepreneurship Practicum (min 3 credits)

    The practicum is a self-directed project-based course, designed to give students firsthand experience in entrepreneurship. Ideally, students will work on developing their own business idea.

    Students entering the practicum without their own idea for an entrepreneurial project may join another student's project team. In limited cases, a student may be allowed to intern with a local startup company for academic credit. Through this course, all students will learn how to assess the viability of a business concept, along with the steps involved in starting a company.

    The expected workload of the practicum is estimated to be 9-12 hours per week for a 14-week period. Enrollment in the practicum is by application only.

    There are currently two different practicum courses:
    • ENGR 411.001 Entrepreneurship Practicum
    • ENGR 411.002 Social Venture Creation Practicum


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