Fogelman College of Business and Economics
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Venture Capital Firm Innova to Provide Funding for Entrepreneurship MBA

Venture Capital Firm Innova to Provide Funding for Entrepreneurship MBA

Mr. Ken Woody (L) with Dean Rajiv Grover
Mr. Ken Woody  (L) with Dean Rajiv Grover
A key feature of the Fogelman College's new Entrepreneurship Track in its Customer-Driven MBA (CDMBA) program is the requirement that each student develop a business plan for a new, technology-based business venture.

The Fogelman College is very pleased to announce that Innova, a Memphis based venture capital firm headed by Mr. Ken Woody, will provide funding to our Entrepreneurship MBA students in support of their business plan development.  The funding will be $12,500 for each of four students while they are in the program for a total commitment of $50,000 per year.  Deserving ventures can seek more capital through formal rounds of funding as the needs arise.

Dean Rajiv Grover comments, "This is an exciting development as I have been saying that the Entrepreneurship MBA program is for launching businesses and not for just offering courses." Dean Grover added, "I take pride that this program has been able to contribute to the outstanding Memphis Fast Forward and Memphis Economic Development initiatives."

For related story see: http://www.commercialappeal.com/news/2009/jul/25/entrepreneurship-mastered/


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