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University of Iowa News Release

Oct. 28, 2004

UI Among Top 10 Entrepreneurial Universities 

The University of Iowa has been ranked ninth among the Top 25 Entrepreneurial Colleges in the United States as determined by the editors of The Princeton Review and Forbes.com.

To determine the country's most entrepreneurial campuses, The Princeton Review solicited data from 357 top colleges and universities around the country, asking them to identify everything from courses of study to prominent alumni. Editors from the Review examined their surveys and awarded points for each question based on its perceived importance to a good entrepreneurial education.

"I am delighted and gratified to see the faculty, staff and students at the UI receive this well-deserved recognition. The many partnerships and activities on campus that support entrepreneurial education are clearly having their effect. Our students are taking what they learn in the classroom to create businesses that help the Iowa economy grow," said UI President David Skorton.

Forbes.com noted the John Pappajohn Entrepreneurial Center (JPEC), which "provides aspiring student entrepreneurs with mentors and oversees the Wellmark Venture Capital Fund for eastern Iowa, which can be accessed by students, faculty or community entrepreneurs." I-Envision, the university's entrepreneurship club, is an active chapter of the Collegiate Entrepreneurs Organization and is a member of the Students In Free Enterprise organization.  Forbes.com also noted two UI business alumni: venture capitalist John Pappajohn and Richard O. Jacobson, chairman of the board, Jacobson Cos.

"Since its inception in 1996, JPEC has benefited from outstanding leadership from past directors, strong support from the University and the deans of the Colleges of Business, Engineering and Medicine, and active participation from a cadre of experienced entrepreneurs and business leaders. We are also very fortunate to have the opportunity to work with an outstanding group of motivated, innovative and intelligent students who strive to be the next generation of successful entrepreneurs and leaders. It is a truly rewarding experience to be part of such a special program," said David Hensley, JPEC director.

The entrepreneurship program at the UI has gained national prominence. Earlier this year, Entrepreneur magazine ranked the UI in the top 26 universities with comprehensive entrepreneurial programs. The UI's undergraduate entrepreneurship program was also recognized as a National Model Undergraduate Entrepreneurship program by the United States Association for Small Business and Entrepreneurship (USASBE), one of only 10 institutions to have received this prestigious award.

The UI offers an entrepreneurial certificate program, while MBA students can pursue a concentration in entrepreneurship. The UI also offers joint programs in entrepreneurship: the Technological Entrepreneurship Certificate with the College of Engineering and the B.A. in performing arts entrepreneurship with the College of Liberal Arts and Sciences.

JPEC offers several programs to help students launch businesses, including business plan competitions, FastTrac entrepreneurial training programs statewide, and scholarships. The UI recently opened the Bedell Entrepreneurship Learning Laboratory, where students can apply for free office space to start their business.

For the complete Forbes/Princeton review ranking, see http://www.forbes.com/lists/2004/10/21/cx_de_102104conncampentreprefeat.html.

STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.

MEDIA CONTACT: George McCrory, 319-384-0012, george-mccrory@uiowa.edu. Program: David Hensley, UI JPEC, 319-335-0992.

OTHER INFORMATION: http://www.iowajpec.org