The UMKC Institute for Entrepreneurship and Innovation (IEI) entrepreneurship MBA emphasis was awarded the 2012 National Model Graduate Entrepreneurship Program from the United States Association for Small Business and Entrepreneurship (USASBE).
According to its website, The IEI “inspires and nurtures future generations of entrepreneurs, delivering transformational entrepreneurship education and experiences university-wide.” Both the IEI and MBA program are housed inside of the The Henry W. Bloch School of Management.
“The significance of being recognized by an institution like USASBE as a model program is twofold,” said Teng-Kee Tan, dean of the Bloch School. “First, it confirms the excellence of our program across all key areas. Second, this award positions us as a national model that other institutions can adopt in their schools to build excellent programs for their region. This encourages investment in this institution so that we continue to become a national entrepreneurship education model for others across the country to emulate.”
There were seven standards that were used to gauge the strengths of the programs, such as breaking edge program components, the overall strength of the faculty teaching at the school, the comprehensiveness of the program, and the connectivity of the students in the program on the entrepreneurial field and Kansas City.
In the past few years The Bloch School and IEI have been recognized within the top 25 in the nation by The Princeton Review, for both the undergraduate and graduate programs.
As Mara Rose Williams wrote in The Kansas City Star, “Accolades keep coming for the University of Missouri-Kansas City Institute for Entrepreneurship at the Bloch Business school of Management.”
The Bloch School of Management also ranked first in the country in innovation management research, according to The Kansas City Business Journal.
The school beat out 624 programs from other universities. Each university was thoroughly evaluated by The Journal of Product Innovation Management.
This award was thanks in part to research done by three entrepreneurship faculty members, including the executive director of the IEI, Michael Song. Song is the No. 1 scholar in the world on innovation management.
Song’s research includes such fields as technological entrepreneurship, judging the value or lack thereof of new undertakings and emergent technologies, assessing the risk for such ventures, finding new ways to measure the values of new technology and R&D projects, as well as the management of a technological portfolio.
According to his UMKC faculty page, “Based on a data set consisting of more than 3,000 new technologies development and commercialization, he has developed several global benchmark models of new product development process designs. He has also developed a technology risk assessment model and option approach to evaluate new technologies and start-up companies.”
Included in the Greater Kansas City Chamber of Commerce’s Big 5 initiatives is the goal to make Kansas City the nation’s strongest entrepreneurial city.
“UMKC is committed to the importance of entrepreneurship education and infusing an entrepreneurial and innovative mindset across all disciplines, including law, engineering, health sciences, public administration, performing arts and others. This drives UMKC to be one of the central pillars in the Kansas City Chamber of Commerce’s Big 5 initiatives along with global entrepreneurship partners like the Kauffman Foundation,” said Chancellor Leo Morton.