The University of Missouri System has been awarded a $145,000 grant from the Missouri Technology Corporation’s MOBEC program effective January 1, 2016.
The MTC is a public-private partnership created by the Missouri General Assembly to promote entrepreneurship and foster growth of new high-tech companies in the state.
The funds, with a partial match from the UM System Office of Academic Affairs, will allow the Entrepreneurial Scholars and Interns Program, established in 2014, to grow the number of students from 12 per year on average to 16 per year.
UM System President Tim Wolfe said that an entrepreneurial culture on campus provides valuable experiences and opportunities for students, which is “a win-win for the state.”
The ESIP is comprised of students from all four UM System campuses. The students enroll in courses to build their entrepreneurial academic foundation and also participate in summer internships where they work alongside business owners while also developing and growing their own startup companies. Of the current 14 students, seven have launched startups, five are learning more about corporate innovation in Missouri companies, and two are still exploring entrepreneurial options.
The goal of the ESIP is to graduate 48 students through the program by Fiscal Year 2018.