Venture Capital Firm Innova to Provide Funding for Entrepreneurship MBA

Mr. Ken Woody  (L) with Dean Rajiv Grover

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/