COLUMBUS, OH, Oct. 20, 2011 – Ohio Board of Regents Chancellor Jim Petro, joined by Miami University President David Hodge, today named Miami University’s Institute for Entrepreneurship an Ohio Center of Excellence in Cultural and Societal Transformation. The Institute for Entrepreneurship at Miami is a distinctive and revolutionary program that emphasizes teaching excellence, real-world learning opportunities, and social entrepreneurship programs.
Miami’s Institute for Entrepreneurship is the first entrepreneurship program in the state to be designated as a Center of Excellence and is the third program at Miami to be recognized by the Board of Regents. This is the third Center of Excellence designation awarded to Miami University and the 48th designation awarded by the Board of Regents.
“Miami University is to be commended for developing and maintaining a cutting edge program that encourages students to think and act like entrepreneurs,” Chancellor Petro said. “Students who learn how to start businesses, and actually do start and run businesses while still attending classes, are exactly the type of students this state needs to grow our economy.”
The Institute includes the Thomas C. Page Center for Entrepreneurial Studies, which focuses on undergraduate content and research and the Center for Social Entrepreneurship, which has been internationally recognized for its award-winning program that seeks to apply innovative solutions to persistent social problems.
A unique feature of the Institute for Entrepreneurship is that it brings together students with different majors from across the university. This interdisciplinary approach encourages innovative thinking and prepares graduates to be leaders in their workplaces and in their communities.
The Institute for Entrepreneurship consistently ranks among the top programs and was recently ranked 15th in the nation by The Princeton Review.
The Institute for Entrepreneurship provides hands-on, experiential learning in addition to the traditional theoretical textbook curriculum. Entrepreneurship is taught through immersion in real world experiences such as client projects, internships, student-run businesses, and its own business incubator called the Red Hawk Hatchery.
Miami’s Center of Excellence also has a positive impact on the local and state economy, connecting students to the entrepreneurial ecosystem of Cincinnati. The program has partnerships with several area businesses including The Brandery, a top-10 high-tech accelerator in the U.S. that was founded by Miami alumnus Dave Knox. The Brandery develops scalable businesses that bring jobs to Ohio.
The Institute also strives to bring together students with different majors from across the university. The idea is that an interdisciplinary approach encourages innovative thinking and prepares graduates to be leaders in their workplaces and in their communities.
About the Centers of Excellence
Ohio’s Centers of Excellence position the University System of Ohio to be a magnet for talent and a leader in innovation and entrepreneurial activity. The Centers will accomplish this by developing distinct missions for each institution that are recognized by students, faculty and business leaders, while eliminating unnecessary competition for resources, students and faculty within the state.
The first five Centers of Excellence designations are specific to Ohio’s growth industries – Advanced Energy; Biomedicine and Health Care; Agriculture, Food Production and Bioproducts; Enabling Technologies: Advanced Materials and Sensors; and Advanced Transportation & Aerospace.
About the Board of Regents
The Ohio Board of Regents is the state agency that coordinates higher education in Ohio. The agency is directed by its Chancellor, who is a member of the Governor of Ohio's cabinet. The Chancellor, with the advice of the nine-member Board of Regents, provides policy guidance to the Governor and the Ohio General Assembly, advocates for the University System of Ohio and carries out state higher education policy.
Ohio Board of Regents Contact:
Miami University Contact:
Office: (513). 529.7592