The executive and academic director of the Johnson Center for Entrepreneurship and Innovation at Indiana University says a recently-announced institute will help support the center’s academic mission. The IU Kelley School of Business this month announced the Institute for Entrepreneurship and Competitive Enterprise, which Donald Kuratko says will have benefits for both faculty and students.
The institute is the result of a nearly $6 million gift from the Charles Koch Foundation. In an interview with Inside INdiana Business, Kuratko said the new institute will create more opportunities.
"The Johnson Center was already loaded down with the programs we currently run and we were a bit limited on the number of faculty, from a budget standpoint," said Kuratko. "So to get a very generous gift like this, which is all spendable monies, it allows us to move forward into areas that we felt a little bit limited in and now sort of open the door for us so that we could do more, more faculty, more research, more PhD students, things like that."
Kuratko says some of the money from the foundation will be used to enhance current programs to appeal to more students. The funding will also be used to create new programs which will be designed specifically to help more students throughout the Bloomington campus.
"There’s a new thing we’re going to be starting next summer and that’s a summer institute for faculty in other areas, be it music, be it liberal arts, history, journalism, media areas. We’re going to bring them in for a weeklong immersion to sort of help them understand the entrepreneurial mindset and see if are there ways to couple that to their discipline so their students can learn the entrepreneurial ways but within their discipline, which we think is really important, not just the business way."
Kuratko says the summer institute could also increase the number of courses across the campus. The new program will be introduced in the spring.
Kuratko says the new institute will create more opportunities.