Feb. 21 – Savannah State University Awarded $900,000 Grant to Increase Entrepreneurship Education | Economic Development

February 21, 2022 – Savannah State University receives a $ 900,000 grant from the U.S. Minority Business Development Agency (MBDA) to manage a pilot project of minority colleges and universities in Savannah. The goal of the project is to lay the foundation for future generations of entrepreneurial leaders and innovators to help strengthen US global competitiveness, create jobs and the US economy as a whole.

“The Savannah State University proposal demonstrated a full understanding of the mission and goals of the MBDA and the requirements of the announcement of federal funding opportunities,” said Miguel Estien, acting national director of the MBDA. “In addition, their application provided evidence of the community experience and resources needed to achieve these goals.”

Savannah State University was one of five award-winning colleges and minority universities. To qualify for the grant, Savannah had to submit a proposal outlining a pilot project to achieve the MBDA’s goals and enhance entrepreneurship education for undergraduate students. The pilot project entitled “Measuring Provision and Alternative to Empirical Entrepreneurship (IDEEA)” will run until October 2024 and will be managed by the College of Business Administration (COBA) and its Center for Innovation and Entrepreneurship.

“This grant allows us to offer a holistic educational experience to foster dynamic thinking and business perspectives by integrating pilot learning activities into the Entrepreneurship curriculum,” said Sudesh Mujumdar, Ph.D., Dean of the College of Business Administration and contributor. project.

IDEEA seeks to upgrade the entrepreneurial activities offered at COBA, and to establish open access programming (not for credits) to improve students ’skills and ability to start their own businesses. The program will include seminars, labs and lectures related to ideas and business modeling, understanding venture finance and developing successful business plans, and will be designed to meet the specific business needs of minority and growing businesses in the Savannah region.

“Creating minority businesses is especially important in the Savannah region. This grant will fund a business accelerator aimed at developing students ‘entrepreneurial concepts and linking students’ new venture ideas to relevant business models to launch and scale viable startups and microbusiness, ”said Shalonda Mulgrave, DBA, interim vice president of the University. university development and principal investigator of the project.

.

Leave a Comment