International Entrepreneurship Students Perfect Their Pitch
Last week, our fifth cohort of the Global Summer Entrepreneurship Program wrapped up their studies and returned home to China and the Philippines. These students may one day launch a business or develop a product that changes the world, but for now, they’re learning how to do that when that day comes.
The Summer Entrepreneurship Program launched five years ago when Bloch Executive Education established a partnership with the Jiangsu Department of Education to offer a study abroad experience for undergraduate students interested in entrepreneurship. The program was later expanded to include students from Xiamen University and others in China, Malaysia, Indonesia, and the Philippines.
The three week immersion program centers on a competitive simulation in which students design and launch a business. Students study and apply business concepts such as financial analysis and marketing strategies. They learn and practice soft communication skills for team leadership and for making an effective pitch to potential investors. Students also have the opportunity to practice and polish their English language skills.
The classroom experience and competitive simulation are balanced with tours of companies headquartered in Kansas City, a visit to the Kauffman Foundation to watch entrepreneurs present at 1 Million Cups, a tour of the city, a baseball game, and other activities to help them deepen their understanding of American culture.
Students who have completed the program report a high level of satisfaction with the classes and teaching methods. Through the simulation, they gain a deeper awareness of what entrepreneurship entails and cultivate a genuine passion for the start-up experience. One team this year worked through the night (until 5:00 a.m.) preparing to make their pitch. Fortunately, their hard work paid off and they won first place!
This program, and other Bloch Executive Education International Programs, are organized by Huan Ding, International Program Principal. Next year, she is expanding the Global Summer Entrepreneurship Program to students from Latin America, Europe, Africa, and beyond for a truly global classroom experience. Huan is excited about what the future holds for these bright, young entrepreneurs and looks forward to welcoming a new cohort in 2017.
If you are interested in learning more about the Global Summer Entrepreneurship Program, please contact Huan Ding at 816-235-6153 or dingh@umkc.edu.