June 22, 2021
Validating a startup is an extremely important step to take before diving headfirst into a new idea. Many times, people think they have a great idea and end up spending months of their time developing a product or business that isn’t viable or doesn’t solve an existing problem. There are many great ideas but validating them is a crucial step when creating a new business. Validating an idea proves that your business solves a problem, can fill a need and can be marketed to consumers. At the Charles D. Close School of Entrepreneurship, students have a plethora of opportunities to learn from mentors and professors who have started their own businesses as well as participate in competitions such as Startup Fest where they have the opportunity to present and validate their ideas in front of real audiences. Learn the steps to validating a new startup idea below!
June 04, 2021
Corporate entrepreneurship, which can also be referred to as intrapreneurship, is the approach of encouraging employees to think and behave like entrepreneurs within the structure of a pre existing organization. These types of employees can become major assets and are encouraged to speak up and develop new ideas, identify new opportunities, and find unique ways to bring innovation to already existing businesses. At the Charles D. Close School of Entrepreneurship, students are always encouraged to think outside the box and bring creative solutions to develop innovative ideas in and out of the classroom. With courses like Organizational Development and Change for Corporate Entrepreneurs, Entrepreneurship & New Technologies, Innovation in Established Companies, and so much more, students have the opportunity to learn from both corporate entrepreneurs and all types of entrepreneurs who share their successes, failures, and important lessons with the next generation of entrepreneurs.
April 29, 2021
Drexel’s entrepreneurship co-op provides students with a unique opportunity giving them a chance to spend six months to develop their business idea. If students are accepted to the program, they are paired with an established entrepreneur or executive to work as their mentor; they receive $15,000 in funding and a dedicated workspace in the Baiada Institute for Entrepreneurship. Last term, two companies, banni, and Sasas Mix had the opportunity to work as part of the entrepreneurship co-op. As their time during the six months came to an end, they shared how they’ve grown, what they learned, and their key takeaways during their time spent in the co-op!
March 24, 2021
Drexel’s Ciright Dragon Startup Competition was held this February and brought together many innovators from the Drexel community. With $20k in prize money that was split amongst five of the competitors and a ton of great ideas, it’s safe to say that the competition was a hit!
January 11, 2021
Drexel alumni and Co-Founders of goPuff, Yakir Gola and Rafael Ilishayev Drexel class of ‘15, were able to dive deep into their entrepreneurial journey during their fireside chat with Drexel University’s host, the Charles D. Close School of Entrepreneurship, on December 3rd. They discussed the unique values instilled in them by their first-generation American backgrounds, the story behind goPuff, the challenges they faced as startup co-founders, and their goals for the company’s future.
November 06, 2020
The COVID-19 pandemic has changed how we experience the 2020 fall semester for all of us at Drexel University, but in the spirit of entrepreneurship, we innovated. From October 27 - 29, Drexel’s Charles D. Close School of Entrepreneurship hosted its largest entrepreneurial event of the year, Startup Fest. The event brought together students, alumni, staff, entrepreneurs, and mentors for a three-day virtual event packed full of exciting competitions, educational sessions, and fun entrepreneurship based games.
September 18, 2020
When asked to picture an entrepreneur, you’ll most likely conjure an image of a founder of one of the technology companies from Silicon Valley creating breakthrough products and paradigm shifts. But entrepreneurship covers more than just corporate and new venture creation. The lesser-known brother of the three entrepreneurship concentrations covers developing better communities and lives through what is called social entrepreneurship.
July 31, 2020
A pandemic like COVID-19 has adverse effects on the economy and development of businesses. However, innovators and entrepreneurs who think outside the box can help develop the technologies and solutions that will have a lasting and positive impact in the post-pandemic climate. This pandemic has helped rapidly advance industries across the board and has sped up technological innovation across the world. In times of uncertainty, innovation helps us overcome many of the current challenges we face - and there is no one more capable in rising to the challenge than our future entrepreneurs.
July 22, 2020
Scaling a business is tough, but it gives you the opportunity to support growth in your company. Without the proper training and know-how, growing a business can be extremely difficult, but with the proper training and knowledge, any entrepreneur can take their business to the next level. Taking classes at the Charles D. Close School of Entrepreneurship such as Managing Entrepreneurial Growth and Building Entrepreneurial Teams can help tie in all the essential skills and knowledge required to grow a venture from the ground up. Managing Entrepreneurial Growth will give you an overview of all the important aspects of building your business while helping you to develop the best plan of action to scale and grow. While most people think scaling and growth are two sides of the same coin, there is one key difference. Scaling refers to an increase in revenue without increasing the company's production cost, while growth is equatable to an increase in revenue - but also an increase in spending to get there.
July 08, 2020
Producing a successful business requires consistent learning, great leadership, and an open mindset when discussing new strategies. At the Charles D. Close School, courses such as Leading Startups, Building Entrepreneurial Teams, and Managing Entrepreneurial Growth provide entrepreneurs with the tools and framework to create a strategy, build a team, and grow with limited resources. Whether you're looking to tweak your marketing strategy or advance your product, here are our 5 entrepreneurial tips that will help your team and business standout: