The mission of the Entrepreneurship & Innovation Institute (“EII”) is to foster knowledge, networking, and opportunity in entrepreneurship and innovation. Consistent with this mission, EII has implemented an EII Fellows Program for qualified students who desire a deep and broad exposure to these fields as a key part of their Johnson experience. This program’s purpose is twofold: (a) to enhance student knowledge and skills related to entrepreneurship and innovation; and (b) to create a community of students dedicated to promoting entrepreneurship and innovation at Cornell University. The selected students will participate in the program by successfully performing the following action items: (a) complete the coursework requirements described below; (b) work on EII’s operations, programs, and outreach for 3 semesters (2 semesters for AMBA students); (c) create, launch, and/or execute a Capstone Project; and, if the opportunity arises, (d) assist faculty in topics and activities related to entrepreneurship, venture capital, private equity, technology commercialization, or other innovation.
Application and Selection Process
EII will distribute information on the EII Fellows Program and its application process to students in all 4 of Johnson’s MBA programs (Residential 2-Year, Residential AMBA, CEMBA and CQEMBA). Interested students apply for acceptance into the program during the first semester of that student’s first year or, for an AMBA student, during the summer session. The application and selection process focuses on a student’s demonstrated interest in and commitment to entrepreneurship and/or innovation, communication skills, ability to interface effectively with a wide range of internal and external stakeholders, productivity, initiative, and leadership. The application package is comprised of the student’s resume and expression of interest (1 page) detailing why the student wants to be in the program and what the student hopes to gain and contribute.
Selection decisions are based on the strength of the candidate’s application packet and a possible interview. Admitted students will be referred to as EII Associates during their involvement in the program (from acceptance until graduation from Johnson). Once admitted, EII Associates may be removed from the program for failing to make meaningful progress on the program requirements described below. Each Associate who successfully completes the Fellows Program will receive a signed letter from EII’s Executive Director, designating him or her as an EII Fellow. Students will be able to designate their status as EII Associate or EII Fellow, as appropriate, on their Resumes and other professional credentials.
For Residential 2-Year and AMBA students, Associates must enroll in and successfully complete the following courses: (i) Entrepreneurship and Business Ownership (NBA 5640); (ii) Strategic Management of Technology and Innovation (NBA 6650); and (iii) 6 credits of optional courses (2 credits for AMBA). Please see the attached course list. For CEMBA and CQEMBA students, Associates must complete their respective innovation/new venture management course and, as applicable, new venture project. EII leadership may also require non-residential students to do supplemental relevant readings as their course electives are limited.
Hands-On Work With EII:
Each Associate will work on activities, initiatives, or business operations of EII or its affiliated organizations. These activities may include developing, coordinating, and implementing one or more of the following: educational programs, curriculum enhancements, and other academic learning opportunities; EII revenue opportunities, fundraising, and marketing initiatives; networking events and other outreach initiatives; online and other resources; EII website updates; presentations; information exchange for commercialization, startup, internship, or other job opportunities; projects related to the “BR Suite” and/or Innovation Interface; strategic partnerships or alliances within and outside Cornell; benchmarking studies; and a Capstone Project as described below. Finally, these activities may include analyzing the feasibility, logistics, and financial aspects of new EII programming and events, such as conferences and competitions.
The Capstone Project will (i) integrate the knowledge and experience gained during the EII Fellows Program, (ii) enhance the availability and applicability of entrepreneurship or innovation education for future students, and/or (iii) have a material likelihood to create a positive lasting impact on EII, Johnson, and Cornell. Each EII Associate and EII leadership will determine the scope, appropriate time commitment, and deliverable(s) of the Capstone Project. This Capstone Project requirement may be incorporated into and satisfied by completion of the EII Associate’s work in item B above, depending on the nature and scope of that work. Also, an EII Associate may satisfy this requirement individually or as part of a Capstone Project team.
Course Requirements (Residential 2-Year and AMBA Program Students)
NBA 5640 Entrepreneurship & Business Ownership (3 credits)
NBA 6650 Strategic Management of Technology & Innovation (3 credits)
Optional Courses (6 credits required; 2 credits for AMBAs):
NCC 5080 Managing Operations (2.5 credits)
NBA 5100 Social Entrepreneurship (3 credits)
NBA 5110 Financial Modeling (1.5 credits)
NBA 5170 Leveraged Buyouts Structured Finance Practicum (1.5 credits)
NBA 5190 Sustainability as a Driver for Innovation (1 credit)
NBA 5290 Executing Successful Corporate Strategy (1.5 credits)
NBA 5320 Due Diligence in Private Equity Investments* (.5 credits)
NBA 5570 Case Studies in Venture Financing (1.5 credits)
NBA 5590 Venture Capital Industry & Private Equity (.5 credits)
NBA 5630 The IPO and Mergers and Acquisitions Process (3 credits)
NBA 5870 International Mergers & Acquisitions (2 credits)
NBA 5920 Experience in International Business: Colombia (1.5 credits)
NBA 5930 International Entrepreneurship (1.5 credits)
NBA 6180 Global Innovation and Technology Commercialization* (1.5 credits)
NBA 6280 Strategic Change & Renewal* (1.5 credits)
NBA 6520 Commercializing University Technology* (1.5 credits)
NBA 6530 Strategic Alliances (1.5 credits)
NBA 6540 Power & Politics in Organizations (1.5 credits)
NBA 6560 Valuation Principles (1.5 or 2 credits)
NBA 6570 Entrepreneurial Marketing (1.5 credits)
NBA 6760 Organizing for Strategic Advantage (1.5 credits)
NBA 6780 Advanced Private Equity (2 credits)
NBA 6800 Entrepreneurial Executives (1 credit)
NBA 6890 Startup Legal Issues and VC Terms (3 credits)
*Highly recommended for students interested in corporate innovation and entrepreneurship