Lehigh’s Master’s of Technical Entrepreneurship (MTE) program was recently honored by the University Economic Development Association (UEDA) as the best such program in North America for talent development.
The honor—the fourth award Lehigh has received from the UEDA—came after a team of faculty members made a presentation about the MTE program at UEDA’s annual summit in Pittsburgh.
The 12-month graduate program trains students to create startups and bring new products and services to market. It is offered by the P.C. Rossin College of Engineering and Applied Science and the Baker Institute for Entrepreneurship, Creativity and Innovation.
UEDA, a national organization of more than 100 universities and their economic development affiliates, encourages economic development by promoting innovation, entrepreneurship and higher education partnerships.
UEDA gave 2013 Awards for Excellence in six categories at its summit. The Talent Development category recognized initiatives that promote the development of 21st-century skills. Projects were judged on originality, sustainability, scalability and ability to be replicated.
The MTE program has grown rapidly. Its first contingent of 14 students completed the program in May 2013. Within three months, six students had started their own businesses and seven had taken jobs in industry or academia. In May 2013, 28 more students enrolled in the program.
MTE is looking to double its enrollment again by in 2015, said program director John Ochs.
“I’m convinced our model can and must be replicated at other universities in order to have the economic impact that follows student-led startups,” said Ochs, a professor of mechanical engineering and mechanics.
“We believe that student innovation, fueled by creativity, is this generation’s most important economic development engine.”
Posted on Tuesday, April 08, 2014