BUFFALO, N.Y. -- The University at Buffalo and the School of
Management have announced plans to invest $525,000 in the school's
Center for Entrepreneurial Leadership (CEL) to expand both the
scope and reach of its activities.
Funding will be provided in equal shares by the School of
Management and UB's "3 E Fund," a competitive program created by UB
President Satish K. Tripathi to spur collaborative initiatives that
will enhance the institution's impact around the "3 Es" --
excellence, engagement and efficiency -- that serve as the guiding
principles of Tripathi's vision for UB.
The center will use the money over the course of the next three
years to expand its role in economic development efforts at UB as a
partner with regional business and industry that require
entrepreneurial strategies to survive and thrive in today's
economy. The following initiatives are key components of the CEL's
• Enhance the High-Tech CEL program. The CEL will continue
to partner with the New York State Center of Excellence in
Bioinformatics and Life Sciences to provide an expanded series of
workshops and classes featuring entrepreneurial and
industry-specific speakers. Investment in this program is critical
to emerging life sciences activity in Western New York.
• Grow the Panasci Technology Entrepreneurship Competition
(Panasci TEC). A joint venture between the UB School of Management
and the UB Office of Science, Technology Transfer and Economic
Outreach, Panasci TEC awards seed money and business services
annually to the teams that present the best plan for launch of a
viable new business in Western New York. Eleven local ventures have
been launched with first-place prize money since the UB competition
began, and most are still in business. With additional funding, the
CEL seeks to elevate the profile of this event, engaging students,
faculty and researchers across multiple disciplines, as well as
businesses and the surrounding community. The CEL also plans to
provide additional support to UB's Entrepreneurship Academy, which
is designed to enhance the undergraduate experience at UB and
harness students' creative and innovative spirit.
• Significantly enhance the programs and services provided
by the CEL with a focus on entrepreneurship and growth-related
partnerships. This includes both external clients, engaging more
companies with the center through consulting activities and
providing them with resources throughout their lifecycle, as well
as working within UB to provide expertise in strategic and
"Advancing entrepreneurship is vital to invigorating the
university and Western New York," says Arjang A. Assad, dean of the
UB School of Management. "This additional support will help the CEL
bring its expertise to the region's culture of entrepreneurship,
fostering communication, collaboration and cooperation between
faculty, researchers, regional businesses, community leaders,
employees and students."
Established in 1987, the UB Center for Entrepreneurial
Leadership promotes business growth through leadership development
and experiential learning.
"We are excited to have such an outstanding opportunity to
strengthen the center and take things to the next level," says Tom
Ulbrich, executive director of the CEL.
To foster the development of entrepreneurship in the region, the
CEL provides a number of programs across a range of entrepreneurial
environments. Nearly 900 CEL alumni employ more than 22,000 Western
New Yorkers, and their businesses are worth more than $2 billion to
the local economy. For more information, visit http://mgt.buffalo.edu/cel or
contact the CEL at 716-885-5715 or email@example.com.
The UB School of Management is recognized for its emphasis on
real-world learning, community and economic impact, and the global
perspective of its faculty, students and alumni. The school has
been ranked by Bloomberg Businessweek, the Financial Times, Forbes,
U.S. News & World Report and The Wall Street Journal for the
quality of its programs and the return on investment it provides
its graduates. For more information about the UB School of
Management, visit http://mgt.buffalo.edu.