Maryland Technology Enterprise Institute

FOR IMMEDIATE RELEASE
October 29, 2002

COLLEGE PARK, Md.—The University of Maryland's Hinman CEOs Program was recognized as a national leader in entrepreneurship education at Stanford University on October 25, when the program received the Price Institute Innovative Entrepreneurship Educators Award during the prestigious Roundtable on Entrepreneurship Education for Engineers (REEE).

The award, in its first year, recognizes the nation's most innovative collegiate entrepreneurship program for scientists and engineers. Six universities applied for the award. Roundtable participants included representatives from 40 different universities—including Stanford, Harvard, Georgia Tech, USC, Case Western, U.C. Berkeley, and MIT.

REEE gathers top business, science, and engineering faculty from leading universities in the United States with the goal of accelerating entrepreneurship education for scientists and engineers. The annual event, now in its fifth year, is hosted by the Stanford Technology Ventures Program (STVP) at Stanford University, and is sponsored by the Kauffman Foundation.

"The University of Maryland program stood out from the others because it provides a total immersion in entrepreneurship," said Dr. Tina Seelig, Executive Director of the STVP. "The engineering and business students live and work together as they engage in entrepreneurial pursuits. Many programs encourage cross-campus collaboration, but few provide such a rich opportunity for the cross-pollination of ideas."

The Hinman CEOs Program, a joint initiative of Maryland's A. James Clark School of Engineering and Robert H. Smith School of Business, brings undergraduate students together in a dynamic, living-learning environment that spurs the formation of new ventures. The program features a high-technology, office-like environment that gives students the tools they need to run their own companies, along with a weekly seminar series, entrepreneurship courses taught through the Smith School, and an annual Business Plan Competition, which offers funding for the most promising plans for new ventures.

This year alone, more than 100 Hinman students from a variety of disciplines are engaged in more than 20 new companies in various stages of development. Students are tackling some of the most important issues of our time, including terrorism and cancer. Alertus Technologies LLC, for example, is creating a new communications system that would enable authorities to instantly transmit emergency information—such as alerts about terrorist acts or tornados—to mass audiences. Another Hinman student recently developed a new electronic device after his father underwent throat surgery for cancer and could no longer communicate. Since his father knew Morse code, the student created a device that translates the code into text, so now they can talk.

The Price Institute Innovative Entrepreneurship Educators Award, according to Seelig, was driven by the desire to recognize outstanding programs. "We want to highlight truly innovative efforts so that they can serve as models for others," said Seelig. "This is a relatively new area for academics, and there are many exciting things going on. We want to reward that innovation."

REEE speakers have included Guy Kawasaki, author of many books on marketing and the CEO of Garage Technology Ventures; Mitch Kapor, founder of Lotus; and Randy Komisar, Silicon Valley legend and author of "The Monk and the Riddle: The Art of Creating a Life While Making a Living." STVP is supported by several foundations, including the Price Institute and the Kauffman Foundation.

Both the Clark School's and Smith School's undergraduate programs are ranked among the top 25 in the nation, according to U.S. News & World Report.

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Contact:

Eric Schurr
(301) 405-3889
schurr@umd.edu

 

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