I receive quite a few inquiries from students wondering about entrepreneurial opportunities at NYU, so I wanted to take a moment to briefly discuss the myriad of ways you can gain experience in the start-up space while attending Stern.
Berkley Center for Entrepreneurship
The Berkley Center for Entrepreneurship & Innovation is an invaluable resource at NYU. One of the program’s claim to fame is the $200K Entrepreneurs Challenge, where start-up teams compete for prize money to fund their ideas. I participated last year and unfortunately did not make it to the finals, but through weekly workshops and presentations, you learn frameworks to help to launch your own company. I plan to compete again this upcoming fall and hopefully I can get closer to that $200k prize! The center also provides entrepreneurship-in-residence mentoring and a host of other resources to help your startup idea become a reality.
Entrepreneurship & Innovation Specialization
In addition to having a separate center dedicated to entrepreneurship, there is curriculum focused on entrepreneurship and innovation. To declare an entrepreneurship specialization at Stern, students must take one of the foundational classes: Foundations of Entrepreneurship, Foundations of Social Entrepreneurship or Foundations of Technology Entrepreneurship and then an additional 6 credits focusing on any area of entrepreneurship. Courses range from Accounting, Tax, & Legal Issues for Entrepreneurs to Managing the Growing Company and everything in between. One of my favorite courses thus far has been the Business Start-Up Practicum where we spent the semester conducting market, organizational, operational, strategic and financial analyses to produce a venture concept and a real, actionable business plan. This class can be extremely valuable if you have a specific business idea and want a team to help you flesh out the details.
Entrepreneurs Exchange Club
There is also a student group on campus, Entrepreneurs’ Exchange, whose mission is to help students, alumni, and affiliated entrepreneurs achieve entrepreneurial success and career goals. They seek to accomplish this by fostering entrepreneurial curiosity, by providing an energized environment conducive to pursuing entrepreneurial paths, and by providing focused resources, education, networking opportunities, and career guidance to the Stern community. This past semester I participated in a consulting project through Entrepreneurs Exchange, where myself and three other Langone and full-time MBA students helped create a social media strategy for a health-focused beverage startup. It was amazing to work directly with the founders and gain real-world startup experience. These are just a few ways to get involved in the entrepreneurship scene at Stern. Every year we have students collaborate and create startups and even in non-entrepreneurship focused classes, classmates are always networking and looking for co-founders!