Media outlets report 1 in 5 alumni from MSU, WSU and U-M launched startups
New businesses have been started by nearly 1 in 5 alumni of the University of Michigan, Michigan State University and Wayne State University — which is double the national average, according to a report to be unveiled today at the Mackinac Policy Conference. The entrepreneurial activity reached every state and more than 100 countries, with nearly half of the businesses launched in Michigan. U-M President Mary Sue Coleman, MSU President Lou Anna Simon and WSU Board of Governors Chairwoman Debbie Dingell will release the report this morning on the porch of Mackinac Island's Grand Hotel. The report is significant because there has been a lot of talk in Michigan, and across the country, about entrepreneurs and now there is data, said WSU President Allan Gilmour, who was reached by phone. "Every big business started as a small one," Gilmour said. "If we are going to renew ourselves and grow (in Michigan), we've got to be focused on entrepreneurs and put in place the mechanisms to get a small business launched." Notable entrepreneurs among the alumni include Paul Glantz, CEO of Emagine Entertainment Inc. and a Wayne State graduate (B.S., Accounting, 1980; M.B.A., Taxation, 1985).